Which payment mode is not applicable while purchasing mutual fund scheme?

Name: Which payment mode is not applicable while purchasing mutual fund scheme?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Cash is not an applicable payment mode for purchasing mutual fund schemes due to regulatory restrictions aimed at preventing money laundering. Investments in mutual funds are typically made through banking channels like cheques, demand drafts, or pay orders to ensure traceability and compliance with financial regulations.

Which Payment Mode Is Not Applicable While Purchasing Mutual Fund