Multiple choice

Which of the following is not true?

  1. Companies can invest in mutual fund schemes

  2. Registered societies can invest in mutual fund schemes

  3. NRI's cannot invest in mutual funds

  4. HUF can invest in mutual funds
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

NRIs (Non-Resident Indians) are permitted to invest in Indian mutual funds through specific routes like NRE/NRO accounts, subject to FEMA guidelines. The statement that NRIs cannot invest is false, making it the correct answer to a 'which is not true' question.

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