n NISM Certifications
X NISM Series X
Medium

When relocating, what is the most efficient way for a mutual fund investor to update their address?

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Notify the KYC registration agency

    Correct answer

  2. B

    Update individually with each fund

  3. C

    Update with each fund and R&T agent

  4. D

    Only update if SIP is active

Why this is the answer

Updating KYC details ensures the address change propagates across all linked investments automatically.

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