Options
-
Minors
Correct answer
- B
HUFs
- C
NRIs
- D
All of the above
Why this is the answer
Minors (those under the age of 18) cannot directly invest in mutual funds as they cannot legally enter into contracts. However, they can invest through their guardians. HUFs (Hindu Undivided Families) and NRIs (Non-Resident Indians) are allowed to invest in Indian mutual funds.
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