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