Mutual Funds Quiz

A ………………………………..is a trust that pools the savings of a number of investors who share a common financial goal.

• Custodian

• Depository

• Bank

• Mutual Fund

The following is the benefits of investing through mutual funds:

• Professional investment Management

• Risk reduction through diversification

• Convenience

• All the above

Which of the following by focusing on just one sector of the economy:

• Large cap funds

• mid cap funds

• small cap funds

• sector funds

_______________________ are portfolio of securities, which have been specifically designed to represent the characteristics and attributes of a chosen target index.

• Large cap funds

• mid cap funds

• small cap funds

• Index funds

• Sector funds

The following fund is an example of passive fund management:

• Large cap funds

• mid cap funds

• small cap funds

• Index funds

Which of the following equity funds will have relatively low transaction cost:

• Large cap funds

• mid cap funds

• small cap funds

• Index funds

Exchange Traded Funds (ETF) has the feature of

• a mutual fund

• a stock

• both a & b

• none of the above

Equity linked saving schemes (ELSS) are special equity funds, eligible for tax deduction under

• Section 80C

• Section 80 G

• Section 80 H

• There is no tax deduction on ELSS now

The following funds are termed as Income Funds:

• Equity funds

• Index funds

• ELSS

• Debt funds

The NAV of the following fund is directly influenced by changes in interest rates.

• Equity funds

• Index funds

• ELSS

• Debt funds