n NISM Certifications
X NISM Series X
Medium

Who can claim tax benefits in joint mutual fund holding?

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 7 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Only the first holder

    Correct answer

  2. B

    All equally

  3. C

    The first holder for equity, all equally for debt

  4. D

    As per proportion in the application form

Why this is the answer

Tax benefits accrue to the first holder in joint holdings.

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