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

Who is prohibited from investing in Mutual Funds in India?

Practice question from Nism VA Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Minors

  2. B

    HUFs

  3. C

    NRIs

  4. None of the above

    Correct answer

Why this is the answer

Minors CAN invest, but only through a guardian (parent/court-appointed). HUFs and NRIs are also allowed. So, the correct answer is that all of them can invest (i.e., none is prohibited).

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