In a mutual fund application form, if "Direct" is mentioned in the space provided for ARN and the Regular Plan is selected, the application will be considered as
A
Direct Plan application
B
Regular Plan application
C
Incomplete and rejected
D
Incomplete and sent to the investor for completion
Correct Option:
A
Explanation
If "Direct" is mentioned in the ARN field, the application is processed as a Direct Plan application, even if the Regular Plan is selected. The "Direct" indication in the ARN field takes precedence.
