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