n NISM Certifications
X NISM Series X
Medium

The holding period for unlisted units of UTI to be classified as a long-term capital asset is:

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    More than 6 months

  2. More than 12 months

    Correct answer

  3. C

    More than 18 months

  4. D

    More than 24 months

Why this is the answer

Units held for over 12 months, listed or unlisted, are classified as long-term capital assets under tax laws.

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