Mutual Fund Quiz - 1

What is a mutual fund?

• A company that gives loans

• A type of insurance

• A pooled investment vehicle

• A fixed deposit

NAV is calculated as:

• Total Assets - Total Liabilities / Number of units

• Total Assets / Total Units

• Total Profit / Total Units

• Total Sales / Total Units

Which body regulates mutual funds in India?

• RBI

• SEBI

• IRDAI

• AMFI

An open-ended fund allows investors to:

• Buy and sell units only on listing day

• Redeem units anytime

• Trade like shares

• Only buy during NFO

A close-ended fund can be purchased:

• Throughout the year

• Only during the NFO period

• Anytime during the NAV drop

• During the dividend payout

A balanced fund typically invests in:

• Equity and Gold

• Debt and Real Estate

• Equity and Debt

• Debt only

Which fund is best for short-term goals?

• Equity fund

• Debt liquid fund

• Index fund

• ELSS

Sponsor in a mutual fund is akin to a:

• Trustee

• Promoter

• Distributor

• Custodian

Who holds the assets of the mutual fund in fiduciary capacity?

• Fund manager

• AMC

• Trustee

• Custodian

Who is responsible for investing the pooled money?

• Custodian

• Registrar

• Fund manager

• Trustee