1. What kind of indices are appropriate for sectoral/thematic funds?

2. What does a fund’s investment strategy influence in terms of benchmark selection?

3. What must mutual funds do to allow for a fair comparison of their performance?

4. How does the transparency of benchmarks impact mutual funds?

5. In what situation should mutual funds use a composite CAGR figure?

6. Who develops the benchmarks for debt and balanced schemes according to SEBI guidelines?

7. Which agency developed the Nifty composite G-sec index?

8. What is the S&P BSE India Sovereign Bond Index based on?

9. What does ICICI Securities’ Sovereign Bond Index (I-Bex) include?

10. Which index is appropriate for liquid schemes that invest in securities up to 91 days’ maturity?

11. For which type of funds are indices based on Government Securities appropriate?

12. What is the benchmark for an aggressive hybrid fund?

13. What does the CRISIL Hybrid 50+50 – Moderate Index consist of?

14. Which index is used as a benchmark for gold ETFs?

15. What is the appropriate benchmark for international funds investing primarily in the US market?

16. Which scheme type requires disclosures in INR and by way of CAGR?

17. For balanced hybrid funds, what benchmark is used?

18. What type of benchmark structure was proposed by SEBI in October 2021?

19. What does the first-tier benchmark reflect?

20. What is a requirement for all benchmarks as per the new SEBI guidelines?

21. What index is used for a conservative hybrid fund?

22. What influences the choice of benchmark in debt schemes?

23. Which CRISIL index is for ultra-short-term funds?

24. What does the CRISIL Composite Bond Fund Index include?

25. For how long must mutual fund schemes disclose their benchmarks?

26. What is the benchmark for money market funds according to CRISIL?

27. What benchmark would a scheme investing in China most likely use?

28. What type of indices does NSE provide for debt?

29. Which fund requires a benchmark that reflects the characteristics of the scheme already?

30. What must a Fund of Funds (FoF) scheme use if it invests in multiple schemes?

31. What is the index for corporate bond funds according to CRISIL?

32. For balanced hybrid funds, what is the proportion of equity and debt in the CRISIL Hybrid 50+50 – Moderate Index?

33. What kind of securities do liquid schemes invest in?

34. Which benchmark would be suitable for dynamic bond funds?

35. What type of schemes must disclose both a Tier-1 and a Tier-2 benchmark?

36. What is the focus of relative return comparisons?

37. What indicates outperformance by a fund manager?

38. What is a weakness of relative returns comparison?

39. What is the underlying principle of risk-adjusted returns?

40. What does the Sharpe Ratio measure?

41. What is the formula for calculating the Sharpe Ratio?

42. What is the Treynor Ratio used for?

43. What does a positive Alpha indicate?

44. What does tracking error measure?

45. What is the ideal tracking error for a consistently out-performing fund?

46. According to SEBI guidelines, what must AMCs conduct periodically?

47. What is the purpose of a Scheme Information Document (SID)?

48. What is the impact of inflation on corporate profitability?

49. How often must the scheme performance numbers be updated in the SID?

50. What does the risk-o-meter indicate?

51. What does an increase in government spending typically indicate?

52. What does the cumulative returns data help assess?

53. What type of data is included in fund factsheets?

54. What is the significance of the Sharpe Ratio in fund evaluation?

55. What is the role of AMFI’s website regarding mutual fund schemes?

56. What does the term ‘Beta’ refer to in the context of investments?

57. Which of the following is not a metric analyzed in fund factsheets?

58. What does a fund’s performance relative to its benchmark indicate?

59. What is necessary for an effective comparison of Sharpe Ratios?

60. Which metric uses Beta to measure risk?

61. What is the significance of low tracking error?

62. Which statement is 1 about the relationship between risk and return?

63. How does SEBI regulate AMCs?

64. What is the purpose of performance disclosures by AMCs?

65. Which of the following is NOT typically included in the fund factsheet?

66. What is the primary factor influencing the selection of a mutual fund scheme?

67. An investor seeking long-term appreciation should primarily consider investing in:

68. The risk profile of an investor is influenced by:

69. What is the first step in building a robust investment portfolio?

70. When considering investments, an investor’s age is a:

71. A conservative investor might allocate their portfolio primarily to:

72. In mutual fund investing, the core portfolio is designed for:

73. The primary purpose of satellite investments in a portfolio is to:

74. As one moves from liquid funds to equity funds, the potential for risk and return:

75. Which of the following fund categories carries the highest potential return?

76. An investor with a shorter investment horizon is likely to:

77. The risk-return hierarchy shows that as one moves from small-cap funds to large-cap funds, risk:

78. What factor is NOT mentioned as part of assessing an investor’s risk profile?

79. The risk levels in mutual funds were initially categorized into how many levels?

80. Which mutual fund category is likely to have the highest credit risk?

81. According to SEBI, which of the following is NOT a risk level in the risk-o-meter?

82. Which mutual fund category is least likely to have volatility?

83. The risk-o-meter was introduced to address issues related to:

84. Which mutual fund scheme typically offers a steady income?

85. An investor is advised to conduct careful research or consult a financial advisor when:

86. What type of fund is characterized by investing in a mixture of asset classes?

87. Which of the following is a key characteristic of a core portfolio?

88. What is one reason why younger investors might still avoid high-risk investments?

89. The term “concentrated portfolio” refers to:

90. The term “liquidity” in investing refers to:

91. What is one of the key roles of a financial advisor in mutual fund selection?

92. Which type of fund is designed to adjust its asset allocation based on market conditions?

93. Which mutual fund category typically involves the least amount of volatility?

94. The SEBI risk-o-meter provides information on:

95. The concept of a satellite portfolio involves:

96. What is the primary factor in selecting a mutual fund scheme?

97. What do active funds aim to do compared to passive funds?

98. Which of the following is a characteristic of passive funds?

99. What is a significant benefit of open-ended mutual funds?

100. How do close-ended funds provide liquidity?