Mutual Funds Quiz

Which of the following best describes a Systematic Withdrawal Plan (SWP)?

• Investing a fixed sum regularly

• Withdrawing a fixed amount at intervals

• Redeeming the entire fund at once

• Switching from debt to equity

Which of the following is an example of a passively managed fund?

• Thematic Fund

• ELSS

• Index Fund

• Mid-cap Fund

What does a Liquid Fund primarily invest in?

• Shares of companies

• Real estate assets

• Short-term money market instruments

• Gold ETFs

AMFI is a body associated with mutual funds. What does AMFI stand for?

• Association of Monetary Funds of India

• Association of Mutual Funds in India

• Asset Management Firms of India

• Authority for Mutual Funds and Investments

Who is responsible for managing the investments in a mutual fund?

• SEBI

• Fund Trustee

• Asset Management Company (AMC)

• Unit Holder

What is an open-ended mutual fund scheme?

• One that has a fixed maturity period

• One that allows investment and redemption anytime

• One that invests only in government securities

• One that is offered only during NFO

What is a Net Asset Value (NAV) in a mutual fund?

• Total profit of the fund

• Total value of assets under management

• Value per unit of the mutual fund

• Fund manager's commission

What is an Expense Ratio in a mutual fund?

• Ratio of total income to expenses

• Fees charged for transaction

• Annual fee charged by the fund house to manage the fund

• Ratio of return to investment

Which of the following is a sectoral/thematic fund?

• Index Fund

• Banking and Financial Services Fund

• Arbitrage Fund

• Liquid Fund

What is the minimum investment amount required for a SIP in most mutual funds in India?

• ₹100

• ₹500

• ₹1000

• ₹5000