NEW
Font size
WorksheetsMutual Fund Quiz
Total questions: 11
Worksheet time: 6mins
Which of the following statements about Expense Ratio is TRUE?
Higher AUM automatically leads to higher expense ratio
Expense ratio is inversely related to fund size
Expense ratio includes exit load charges
SEBI does not regulate expense ratio in India
For an open-ended mutual fund, if the NAV increases from ₹20 to ₹22 in one year and the fund distributed a dividend of ₹1 per unit, what is the annual return?
10%
15%
20%
5%
Which type of mutual fund is MOST exposed to interest rate risk?
Gilt Fund
Equity Fund
Liquid Fund
Balanced Fund
Which mutual fund has the lowest risk?
Equity Fund
Liquid Fund
Sector Fund
Mid-cap Equity Fund
What is the main objective of an index fund?
To outperform the market index
To replicate and track a market index
To invest only in government securities
To offer guaranteed returns
What is an Expense Ratio in mutual funds?
Commission charged by agents
Total fund expenses expressed as a percentage of total assets
Tax on mutual fund investments
Penalty for early withdrawal
Which of the following is true about Close-ended mutual funds?
They can be bought or sold anytime
They are traded only during a specified period after launch
They always guarantee returns
They are only debt-oriented
What is the lock-in period for Equity Linked Savings Scheme (ELSS) in India?
1 year
3 years
5 years
7 years
Which factor does NOT directly affect NAV of a mutual fund?
Market value of portfolio securities
Fund expenses
Dividend payouts
Investor's income tax bracket
Which risk is highest in sectoral funds?
Market risk
Interest rate risk
Credit risk
Inflation risk
Which statement about SIP is FALSE?
SIP helps in rupee cost averaging
SIP eliminates market risk completely
SIP encourages disciplined investing
SIP involves regular, small investments over time
