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2B CHAPTER 14

Investors can hold units under multiple schemes of a fund house, in a folio.

True

False

The application form is designed to capture all investor information for the first time.

True

False

The transaction slip is designed to capture multiple transaction type requests

True

False

The transaction slip has the folio number and account number of the investor, preprinted

True

False

In case of closed-end funds, redemption of units, can be done anytime

True

False

Redemption cheques drawn are payable to the first holder in a folio

True

False

Redemption proceeds have to be paid within 15 working days of receiving the request

True

False

IAF is offered for Overnight and Liquid schemes of the mutual funds for resident individual investors only.

True

False

Redemption proceeds have to be paid to NRI investors as per the RBI regulations in force.

True

False

In case of systematic transactions, mutual funds dispatch the SoAs to the unit holders once every quarter ending March, June, September and December within 10 working days of the end of the respective quarter

True

False

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