n NISM Certifications
VII NISM Series VII
Medium

When requesting additional subscription of Mutual Fund units in ______ mode, the folio number is mandatory.

Practice question from NISM Series VII Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Depository

  2. Physical

    Correct answer

  3. C

    Both of the above

Why this is the answer

For physical-mode MF subscriptions, the folio number is mandatory. In depository mode, DP ID and beneficiary ID are required.

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NISM Series VII Mock Test 2