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Options
-
Cannot sell the units
Correct answer
- B
Can sell the units but after a period of 3 months
- C
Cannot sell the units but can switch the units to another scheme
- D
Cannot do additional purchase in the same account
Why this is the answer
Banks, NBFCs, and other financiers often lend money against the pledge of Units by the Unitholder. Once units are pledged, the Unit-holders cannot sell or switch out the pledged units until the pledgee gives a written no-objection to release the pledge.
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