Mutual Fund Quiz 1. Which product from below is most similar to a Mutual Fund? A Stock Recommendation Service A ULIP (Unit Linked Insurance Plan) An Equity-agressive LIC A Portfolio Management Service 2. 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 capital-guarantee mutual fund A debt-agressive mutual fund An equity-only mutual fund 3. Which channel from these below will allow you to get higher returns from the same mutual fund? An AMC website Sites like Scripbox, Upwardly, FundsIndia Any Financial advisor who doesn't charge upfront fees Your bank's relationship manager 4. Which type of mutual fund from below is most likely to charge the least for fund management? Index mutual fund Direct plan of an equity mutual fund Direct plan of an Index mutual fund An Equity-only mutual fund 5. 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 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 fee-based financial advisor A fee-only financial advisor A financial advisor who doesn't charge any upfront fees A Commission-based financial advisor 7. Mutual funds which help you save taxes are also referred to with this name. Which one? TSMF ELSS ELSMF ELMF 8. Which category of mutual funds should investors strictly avoid? Closed-ended Funds And New Fund Offerings Open-ended Funds Closed-ended Funds And Equity-Only Funds New Fund Offerings And New-Agressive Funds 9. 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 10. How often should you check-up on how well your equity mutual fund investments are doing? Once every ten years First working day of every month Every monday at market open Once every couple of years At the beginning of every day, at market close Time is Up! Time's upRelated
