Which of the following is true regarding nominees of mutual fund investors?
A
The nominee can be an individual, including a minor or an NRI.
B
The nominee can be the Central or State Government or a local authority.
C
Both A and B
D
Neither A nor B
Correct Option:
C
Explanation
A mutual fund investor may nominate an individual, including a minor or a Non-Resident Indian (NRI), as well as eligible entities such as the Central or State Government or a local authority, in accordance with the applicable nomination rules.
