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Mutual Fund Basics

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1. Which mutual fund type invests in both stocks and bonds?

A. Hybrid fund

B. Gold ETF

C. Liquid fund

D. ELSS fund

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2. What does AUM (Assets Under Management) represent?

A. The interest paid by the fund

B. The total profit of a mutual fund

C. The number of investors in a fund

D. Total market value of all investments managed by the fund

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3. What is a sectoral mutual fund?

A. A fund that invests only in technology sector

B. A mutual fund that invests in a specific industry or sector

C. A diversified mutual fund

D. A fund that invests only in government bonds

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4. What is STP(Systematic Transfer Plan) in mutual funds?

A. Transferring the fund to the mutual fund manager

B. Transferring a fund to another fund scheme

C. Selling funds and directly buying stocks

D. Transferring your mutual fund to your friends/family

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5. What is an expense ratio in mutual funds?

A. The tax paid on mutual funds

B. The dividend payout

C. The profit from selling mutual funds

D. The annual fee charged by the fund for managing investments

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6. What is the role of a fund manager in a mutual fund?

A. Manages the mutual fund's portfolio and makes investment decisions

B. Determines mutual fund NAV

C. Manages the fund related compliances

D. Issues tax refunds

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7. What is exit load in mutual funds?

A. A penalty for withdrawing money

B. A transaction fee charged when you sell the mutual fund units

C. A government tax on investments

D. Fee charged by the fund when you sell before a specified period

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8. Which mutual fund type is best for short-term investments?

A. Liquid fund

B. Balanced fund

C. ELSS fund

D. Equity fund

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9. What are passive mutual funds?

A. Funds that are invested in fixed income instruments

B. Funds that are managed by fund managers

C. Funds that provide passive income

D. Funds that track a specific index

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10. What is the lock-in period for an ELSS (Equity Linked Savings Scheme) fund?

A. 5 years

B. 3 years

C. 1 year

D. No lock-in period

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11. What is a debt mutual fund?

A. A high-risk mutual fund

B. A fund with zero returns

C. A fund that only invests in real estate

D. A mutual fund that invests in bonds and fixed-income instruments

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12. What is New Fund Offer (NFO)?

A. Launch of new fund only for existing holders

B. Launch of a new mutual fund by an AMC

C. Offering new fund to existing mutual fund holders

D. Launch of new fund with offers/discounts

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13. What is an SIP (Systematic Investment Plan)?

A. Investing money in dips

B. Investing in mutual fund every quarter regularly

C. A way to invest fixed amounts in mutual funds regularly

D. A one-time lump sum investment

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14. What does NAV stand for in mutual funds?

A. New Asset Value

B. Net Annual Value

C. Net Asset Value

D. Nominal Asset Value

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15. What are direct mutual funds?

A. Mutual funds bought from brokers or intermediaries

B. Mutual funds bought from AMC's

C. Mutual funds bought directly from banks

D. Mutual funds bought from stock exchanges

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