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

Which information has to be included in the mutual fund application form when a Non-Resident Indian (NRI) subscribes for the units?

Practice question from Nism Va Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Passport details

  2. B

    Countries of residence in the past one year

  3. C

    Details of investments made in the last one year

  4. Current overseas address

    Correct answer

Why this is the answer

NRIs must provide their overseas address while applying for mutual fund units. This is a part of the KYC compliance requirements.

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