Question 11 of 13
Which of the following statements is true?
A
Hindu Undivided Families (HUFs) are not allowed to invest in mutual fund schemes.
B
Minors cannot invest in mutual fund schemes.
C
Foreign investors can invest in Indian mutual fund schemes, provided they have completed the Know Your Customer (KYC) formalities.
D
Only adults can invest in mutual fund schemes.
Correct Option:
C
Explanation
Eligible foreign investors may invest in Indian mutual funds, subject to the applicable regulatory framework and completion of the prescribed Know Your Customer (KYC) requirements and other eligibility conditions.
