n NISM Certifications
X NISM Series X
Medium

What is the limit for making cash payments for mutual fund investments?

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 7 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Rs. 50,000 per year per investor

  2. Rs. 50,000 per year per investor per mutual fund

    Correct answer

  3. C

    Rs. 1,00,000 per year per investor

  4. D

    Rs. 1,00,000 per year per investor per mutual fund

Why this is the answer

SEBI guidelines permit cash transactions up to Rs.50,000 per investor, per mutual fund, per year.

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