Which investor does not need to provide a PAN card at the time of making a mutual fund investment?
A
An investor investing up to Rs. 50,000 in a mutual fund scheme (excluding SIPs) per year per mutual fund
B
An investor investing up to Rs. 50,000 in a mutual fund scheme (including SIPs) per year per mutual fund
C
An investor investing up to Rs. 1,00,000 in a mutual fund scheme (excluding SIPs) per year per mutual fund
D
An investor investing up to Rs. 1,00,000 in a mutual fund scheme (including SIPs) per year per mutual fund
Correct Option:
B
Explanation
Under the PAN Exempt KYC (PEKRN) provisions, eligible investors making micro investments of up to Rs. 50,000 per financial year per mutual fund, including Systematic Investment Plans (SIPs), are not required to provide a PAN card.
