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Mutual Fund Basics

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1. What are passive mutual funds?

A. Funds that are managed by fund managers

B. Funds that are invested in fixed income instruments

C. Funds that provide passive income

D. Funds that track a specific index

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

A. Manages the fund related compliances

B. Issues tax refunds

C. Determines mutual fund NAV

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

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

A. Investing in mutual fund every quarter regularly

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

C. A one-time lump sum investment

D. Investing money in dips

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4. What are direct mutual funds?

A. Mutual funds bought from stock exchanges

B. Mutual funds bought directly from banks

C. Mutual funds bought from AMC's

D. Mutual funds bought from brokers or intermediaries

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

A. 3 years

B. 1 year

C. 5 years

D. No lock-in period

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

A. Liquid fund

B. Hybrid fund

C. ELSS fund

D. Gold ETF

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7. What does NAV stand for in mutual funds?

A. Net Asset Value

B. Net Annual Value

C. New Asset Value

D. Nominal Asset Value

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8. 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 fund that invests only in government bonds

D. A diversified mutual fund

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9. What is exit load in mutual funds?

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

B. A penalty for withdrawing money

C. A government tax on investments

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

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

A. Balanced fund

B. Equity fund

C. Liquid fund

D. ELSS fund

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11. What is New Fund Offer (NFO)?

A. Launch of a new mutual fund by an AMC

B. Offering new fund to existing mutual fund holders

C. Launch of new fund only for existing holders

D. Launch of new fund with offers/discounts

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12. What is a debt mutual fund?

A. A fund that only invests in real estate

B. A fund with zero returns

C. A high-risk mutual fund

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

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

A. Selling funds and directly buying stocks

B. Transferring your mutual fund to your friends/family

C. Transferring a fund to another fund scheme

D. Transferring the fund to the mutual fund manager

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14. What is an expense ratio in mutual funds?

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

B. The dividend payout

C. The profit from selling mutual funds

D. The tax paid on mutual funds

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

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

B. The total profit of a mutual fund

C. The number of investors in a fund

D. The interest paid by the fund

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