NISM-Series V-A: Mutual Fund Certification Exam Notes
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Individual and non-individual investors are permitted to invest in mutual funds in India. The 'Who can invest' section of the Offer Document is the best source to check on eligibility to invest.
All Investors have to comply with the KYC formalities. In-Person Verification (IPV) done by a SEBI-registered intermediary is compulsory for all investors.
Distributors who have a valid NISM-Series-V-A: Mutual Fund Distributors certificate and a valid ARN can carry out the In-person verification if they have completed the KYD process.
Micro SIPs i.e. SIPs with annual investment below Rs 50,000 per Financial Year per Mutual Fund House is exempted from the PAN Card requirement.
Small investors investing in cash, upto Rs. 50,000 per mutual fund per financial year do not need to provide PAN Card.
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