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Mutual Fund Basics

Mutual Fund quiz aims to educate and test your understanding on Mutual funds, returns, risk and returns, sip etc

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

Transferring your mutual fund to your friends/family

Transferring a fund to another fund scheme

Selling funds and directly buying stocks

Transferring the fund to the mutual fund manager

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What is New Fund Offer (NFO)?

Offering new fund to existing mutual fund holders

Launch of new fund with offers/discounts

Launch of a new mutual fund by an AMC

Launch of new fund only for existing holders

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What are passive mutual funds?

Funds that track a specific index

Funds that are managed by fund managers

Funds that provide passive income

Funds that are invested in fixed income instruments

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What is exit load in mutual funds?

A transaction fee charged when you sell the mutual fund units

A government tax on investments

A penalty for withdrawing money

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

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What is a sectoral mutual fund?

A fund that invests only in technology sector

A fund that invests only in government bonds

A mutual fund that invests in a specific industry or sector

A diversified mutual fund

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

5 years

1 year

3 years

No lock-in period

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Which mutual fund type invests in both stocks and bonds?

Liquid fund

Hybrid fund

ELSS fund

Gold ETF

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What does AUM (Assets Under Management) represent?

The number of investors in a fund

The total profit of a mutual fund

Total market value of all investments managed by the fund

The interest paid by the fund

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

Manages the fund related compliances

Determines mutual fund NAV

Issues tax refunds

Manages the mutual fund's portfolio and makes investment decisions

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What is a debt mutual fund?

A high-risk mutual fund

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

A fund that only invests in real estate

A fund with zero returns

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

Liquid fund

Equity fund

Balanced fund

ELSS fund

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What is an expense ratio in mutual funds?

The annual fee charged by the fund for managing investments

The profit from selling mutual funds

The tax paid on mutual funds

The dividend payout

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What is an SIP (Systematic Investment Plan)?

Investing in mutual fund every quarter regularly

A one-time lump sum investment

Investing money in dips

A way to invest fixed amounts in mutual funds regularly

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What are direct mutual funds?

Mutual funds bought from brokers or intermediaries

Mutual funds bought from AMC's

Mutual funds bought from stock exchanges

Mutual funds bought directly from banks

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What does NAV stand for in mutual funds?

Net Asset Value

New Asset Value

Net Annual Value

Nominal Asset Value

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