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