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A mutual fund is a pack of ___________.

• stocks

• bonds

• other securities

• all of the above

One can purchase units of a Mutual fund.

• True

• False

Unlike stocks, mutual fund units do not give you voting rights.

• True

• False

NAV is __________.

• Net Asset Value

• Not Asset Value

__________ are those mutual funds that only buy shares/stocks of various companies.

• Equity funds

• Debt funds

Mutual funds can be bought and sold easily.

• True

• False

When a fund manager sells a security, a capital-gains tax is charged.

• True

• False

Mutual funds units can fetch good returns but might also end up giving losses.

• True

• False