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Mutual Fund Basics

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

A. ELSS fund

B. Liquid fund

C. Equity fund

D. Balanced fund

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2. What is an expense ratio in mutual funds?

A. The dividend payout

B. The profit from selling mutual funds

C. The tax paid on mutual funds

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

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

A. Investing in mutual fund every quarter regularly

B. Investing money in dips

C. A one-time lump sum investment

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

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4. What is New Fund Offer (NFO)?

A. Launch of new fund with offers/discounts

B. Launch of a new mutual fund by an AMC

C. Launch of new fund only for existing holders

D. Offering new fund to existing mutual fund holders

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

A. Determines mutual fund NAV

B. Manages the fund related compliances

C. Issues tax refunds

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

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

A. Transferring your mutual fund to your friends/family

B. Transferring the fund to the mutual fund manager

C. Transferring a fund to another fund scheme

D. Selling funds and directly buying stocks

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7. What is a debt mutual fund?

A. A fund with zero returns

B. A fund that only invests in real estate

C. A high-risk mutual fund

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

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8. What does NAV stand for in mutual funds?

A. Net Asset Value

B. New Asset Value

C. Net Annual Value

D. Nominal Asset Value

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

A. No lock-in period

B. 5 years

C. 3 years

D. 1 year

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

A. Liquid fund

B. ELSS fund

C. Gold ETF

D. Hybrid fund

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

A. The number of investors in a fund

B. The interest paid by the fund

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

D. The total profit of a mutual fund

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12. What are passive mutual funds?

A. Funds that track a specific index

B. Funds that provide passive income

C. Funds that are managed by fund managers

D. Funds that are invested in fixed income instruments

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13. What are direct mutual funds?

A. Mutual funds bought directly from banks

B. Mutual funds bought from stock exchanges

C. Mutual funds bought from brokers or intermediaries

D. Mutual funds bought from AMC's

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14. What is exit load in mutual funds?

A. A penalty for withdrawing money

B. A government tax on investments

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

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

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15. What is a sectoral mutual fund?

A. A fund that invests only in government bonds

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

C. A diversified mutual fund

D. A fund that invests only in technology sector

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