Assignment-1

Q 1. As per SEBI regulations, a mutual fund scheme should have at least ________ investors.

• 10

• 15

• 20

• 25

Q 2. Mutual fund units issued against purchase transactions would be subject to levy of stamp duty at ______ of the amount invested.

• 0.50%

• 0.05%

• 0.005%

• 0.01%

Q 3. To whom does the profits or losses made by the mutual fund belong?

• The investors

• The Asset Management Company

• Fund Managers

• Trustees

Q 4. What action has to be taken before deleting a default bank account from the registered bank account in a mutual fund folio?

• A new folio will have to be opened with the same joint holding as the new default account

• Another account has to be designated as the default bank account

• All the nominees of the mutual fund scheme have to sign on the change form irrespective of the mode of holding

• None of the options

Q 5. The Asset Management Companies have to disclose the Total Expense Ratios (TER) of the various schemes on their websites on a ______ basis.

• Daily

• Weekly

• Monthly

• Annual