Mutual Fund Quiz 1. Which type of mutual fund from below is most likely to charge the least for fund management? Direct plan of an Index mutual fund Direct plan of an equity mutual fund Index mutual fund An Equity-only mutual fund None 2. Which channel from these below will allow you to get higher returns from the same mutual fund? Your bank's relationship manager Sites like Scripbox, Upwardly, FundsIndia Any Financial advisor who doesn't charge upfront fees An AMC website None 3. Which type of mutual fund can one blindly invest in? None A mutual fund which provides consistent returns Any mutual fund which provides complete protection Any mutual fund which provides highest returns None 4. Which product from below is most similar to a Mutual Fund? A Portfolio Management Service A ULIP (Unit Linked Insurance Plan) A Stock Recommendation Service An Equity-agressive LIC None 5. How often should you check-up on how well your equity mutual fund investments are doing? Every monday at market open Once every ten years First working day of every month At the beginning of every day, at market close Once every couple of years None 6. If you decide to use the services of a financial advisor/planner to invest in mutual funds, which type of advisor should you look for? A Commission-based financial advisor A financial advisor who doesn't charge any upfront fees A fee-only financial advisor A fee-based financial advisor None 7. Which asset classes can you invest in, using a Mutual Fund? Equities, Insurance, Gold, Debt Only Equity Equities, Debt, Gold, International Equity Only Equities And Debt None 8. Mutual funds which help you save taxes are also referred to with this name. Which one? ELMF ELSS ELSMF TSMF None 9. Which category of mutual funds should investors strictly avoid? Closed-ended Funds And New Fund Offerings Closed-ended Funds And Equity-Only Funds Open-ended Funds New Fund Offerings And New-Agressive Funds None 10. If you wanted to keep most of your money safe, and expose a small portion of it to some risk (so it can earn a higher return), which category of mutual fund would you pick? A capital-guarantee mutual fund An equity-aggressive mutual fund An equity-only mutual fund A debt-agressive mutual fund None Time's upRelated
