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

Which of these investors CANNOT do CASH investments in mutual funds up to a limit of Rs. 50,000?

Practice question from NISM Series V A - Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Investments made by a PIO (Person of Indian Origin)

    Correct answer

  2. B

    Investments made by Sole Proprietorship firm

  3. C

    Investments made by minors

  4. D

    Investments made by resident Indian investors without PAN

Why this is the answer

The cash investment facility is available for resident Indian investors, sole proprietorship firms, and minors (through their guardians). Persons of Indian Origin (PIO) are not eligible for this facility.

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