HOW SMART ARE YOU?
How much do you know about the basics of mutual funds? Find out if you are as smart as you think you are
BEGINNER
Q1. Mutual funds guarantee returns
a) Yes
b) No
Q2. NAV in mutual funds is
a) New Asset Value
b) Net Average Value
c) Net Asset Value
Q3. An SIP is a mutual fund
a) No
b) Yes
Q4. Which of these mutual funds are also tax savers?
a) Debt fund
b) ETF
c) ELSS
d) Balanced Fund
Q5. Mutual fund investments are subject to market risks
a) No
b) Yes
Q6. What is AMC in mutual funds?
a) Annual Maintenance Charge
b) Asset Management Company
c) Additional Money Charges
INTERMEDIATE
Q1. Mutual fund investment can only be through SIPs
a) Yes
b) No
Q2. Mutual funds are regulated by?
a) AMFI
b) SEBI
c) Ministry of Finance
Q3. You can diversify with mutual funds
a) Yes
b) No
Q4. Mutual funds offer...
a) Diversification
b) Professional management c) Ease of investment d) All the above
Q5. ETFs are
a) Exchange Traded Funds
b) Easily Traded Funds
c) Exchange Transferred Funds
Q6. Investing in a MF scheme results in
a) Purchase of units
b) Sale of units
c) Deposit of cash
EXPERT
Q1. You can invest abroad through mutual funds
a) Yes
b) No
Q2. Only ETFs are listed on the stock exchanges
a) Yes
b) No
Q3. You can consolidate mutual fund folios?
a) Yes;
b) No
Q4. Mutual funds are suitable for
a) Young investors
b) Expert investors
c) Retired investors
d) All the above
Q5. Each mutual fund scheme has a specific risk grade
a) Yes
b) No
Q6. ___ handles the day-to-day operations of the mutual fund
a) RTA
b) Board of Trustees
c) AMC