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Options
- A
Investor who is investing up to Rs. 50,000 in a mutual fund scheme (excluding SIPs) per year per mutual fund
-
Investor who is investing up to Rs. 50,000 in a mutual fund scheme (including SIPs) per year per mutual fund
Correct answer
- C
Investor who is investing up to Rs. 1,00,000 in a mutual fund scheme (excluding SIPs) per year per mutual fund
- D
Investor who is investing up to Rs. 1,00,000 in a mutual fund scheme (including SIPs) per year per mutual fund
Why this is the answer
Investors who invest up to Rs. 50,000 in a mutual fund scheme per year (including SIPs) are exempt from providing a PAN card. However, this exemption does not apply if the investment exceeds this limit.
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