n NISM Certifications
V-A NISM Series V-A
Medium

What exception is made for investments through Systematic Investment Plans (SIPs), if the annual investment is below Rs 50,000?

Practice question from NISM Series V A - Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    KYC is not required to be done

  2. B

    Photo identity is not required

  3. PAN Card is not required

    Correct answer

  4. D

    None of the above

Why this is the answer

For Micro-SIPs (annual investments under Rs 50,000), PAN is not required, unlike regular SIPs where PAN is mandatory.

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