The last date to add a nominee in Mutual Fund investments was______

HDFC Quiz - Choice of Nomination - 11/06/24

Quiz
•
English
•
Professional Development
•
Medium

Saloni Daiya
Used 2+ times
FREE Resource
12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
31st June 2024
29th June 2024
31st July 2024
30th June 2024
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Till date, If 'Choice of Nomination' was not submitted till the last date, all the folios of Mutual Funds & Demat would freeze.
True
False
Not Sure
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
With effect from 11th June 2023, Non-submission of ‘choice of nomination’ shall not result in freezing of Demat Accounts as well as Mutual Fund Folios.
True
False
Not Sure
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Payments including dividend, interest or redemption payment withheld presently by the Listed Companies/RTAs, only for ______ reason shall be processed accordingly.
Aadhar - PAN seeding
Changing the default bank account
Choice of nomination
KYC Validation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All new investors/unitholders shall continue to be required to mandatorily provide the_____ for demat accounts/ MF Folios (except for jointly held Demat Accounts and Mutual Fund Folios).
More than 1 Bank Account
PEP Status
Choice of Nomination
ASBA application
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Minimum number of nominees to be added in a folio, in case of nominee Opt-in.
3
5
2
1
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Since investments won't freeze, the procedure to Opt-in/Opt-out of nomination is not mandatory.
True
False
Not Sure
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