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

Which of these investors is/are exempted from providing PAN details for investments in Mutual Funds?

Practice question from NISM series VA - Mid length mock test — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Systematic investment plans, where annual investment does not exceed Rs 50,000

  2. B

    Investors residing in the state of Sikkim

  3. C

    Transactions undertaken on behalf of Central/State government

  4. All of the above

    Correct answer

Why this is the answer

Certain categories of investors are exempt from providing PAN details when investing in mutual funds: Transactions on behalf of Central/State governments. Investors residing in Sikkim. Investments (including SIPs) up to Rs. 50,000 annually.

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