Ch.3 · Sponsor, Trustee and AMC Roles · medium
What is the 'HUF' investor category in mutual fund investing?
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EXPLANATION
A Hindu Undivided Family (HUF) is a separate legal entity under Hindu personal law. HUFs can invest in mutual funds as a distinct investor category. The Karta (traditionally the senior-most male member) operates the HUF account and signs all transaction forms. HUF investments have separate tax implications under the Income Tax Act with the HUF as the tax assessee.
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