Steps to Invest in Mutual Funds_Quiz-1

Is the Net Asset Value (NAV) of a mutual fund calculated by dividing the total value of its assets by the number of outstanding shares?

• YES

• NO

Can a higher expense ratio lead to lower net returns for investors in a mutual fund?

• YES

• NO

Open-ended mutual funds have a fixed maturity date?

• True

• False

Is NAV a reliable indicator of a mutual fund's performance over time?

• YES

• NO

What type of fund has a lock-in period?

• Close-ended fund

• Open-ended fund