NISM Certifications · NISM-Series-V-A: Mutual Fund Distributors · Investor Services
Under the nomination facility for mutual fund units, which statement is correct for an individual holding units on a single-holder basis?
An individual holding units alone can nominate up to three persons and state the percentage share of each, totalling 100 percent. Nomination is not limited to one person, is not restricted to NRIs, and does not require a registered will.
- AThe investor may nominate up to three persons and specify the percentage share of eachCorrect
- BNomination is permitted only in favour of one person
- CNomination is allowed only for a non-resident Indian
- DA nomination can be made only by a registered will
Explanation
An individual unitholder may nominate up to three persons, specifying the percentage allocated to each, and the shares must total 100%. A single nominee limit, an NRI-only restriction or a will requirement is not part of the nomination rules.
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