1. Structural characterizations of an equity fund include

2. An equity fund’s age and size are irrelevant when selecting a fund for investment

3. The charge to an investor at the time of he redeems his units from the fund is known as

4. The load amount charged to a scheme over a period of time is called

5. Contingent deferred sales charge (CDSC)

6. A fund’s declared NAV does not include loads

7. Which of the following fund types are comparable

8. Who is the primary guardian of unit holders’ funds/assets

9. In case of a fund merger or take-over

10. Units of a money market mutual fund can be issued to

11. Though Indian mutual funds have restrictions on borrowings (only 20% of net assets
and for six months only) which are to meet cash needs for redemption only, UTI is allowed
to borrow within more relaxed norms

12. An equity fund can be said to be concentrated when

13. The size of the market capitalisation of a fund’s equity holdings is inversely proportional
to the returns that

14. A steady holding of investments in an equity fund’s portfolio indicates

15. Ex-mark of an equity fund measures its

16. Beta of an equity fund measures its

17. The best equity fund, relative to others, would have

18. 418.When selecting equity funds for investing, those at the top of the performance ranking
need not be automatically selected

19. A debt fund’s age and size are not important when selecting a fund for investment

20. Debt schemes are popular because

21. Yield-to-maturity of a debt fund’s portfolio is more important when the investment
objective is

22. Compared to equity funds, income margins for debt funds are

23. Debt fund with long-term investments carries higher risk of capital loss

24. The differentiating factor among debt funds of comparable maturity and quality is

25. Distribution tax should be taken into account when computing net returns from

26. All debt fund investors are exposed to risk of principal loss

27. Running a money market mutual fund requires more of

28. Which is the most important in selecting debt fund for better return

29. Investors should be advised to avoid investing in a debt fund with a

30. An ideal money market mutual fund must have

31. Circumstances that might cause an investor to change the composition of his portfolio

32. If a charitable trust approaches a distributor with an application for investment in a
mutual fund the distributor should

33. An application form for investment in mutual fund is available with

34. An aggrieved unit-holder of a mutual fund can sue

35. As per SEBI regulations for valuation of investments held by mutual funds, a security is
considered “non-traded” when it

36. An ex-mark of 100% is possible for

37. A trail commission is justified when

38. Of the following, which type of the fund would have a higher p/e multiple in comparison
to average market multiple

39. Which of the following is not true as per SEBI regulations for debt funds?

40. A money market mutual fund is most likely to invest in

41. Of the following, which would be suitable for a retiree with a modest risk appetite

42. A high portfolio turnover for a fund indicates

43. Unit Trust of India’s US-64 scheme

44. The Indian debt market

45. A fund that charges a load is better than a no-load fund

46. An AMC can approach investors either directly or with the help of

47. Which of the following is true for equity linked savings scheme (ELSS)

48. A prospective investor

49. The valuation of non-traded equity shares is done at the trading price 30 days prior to
valuation date

50. An exit load guarantees a higher return

51. If a unit-holder does not agree to the merger of his fund with another, he has no exit
option

52. Bonds held in the portfolio of a mutual fund are valued at yield to maturity

53. The most important reason for an investor to prefer a bank deposit to a Mutual fund is

54. A deep discount bond

55. An investor can assess the performance of his mutual fund by comparing it with the
performance of

56. The most important factor to look for when investing in a corporate fixed deposit is the

57. A mutual fund in india is a

58. Unrated securities in the portfolio of a mutual fund are not to be valued

59. When selling a mutual fund, a good agent would never

60. An investor buys one unit of a fund at a NAV of Rs.20.00 He receives a Dividend of
Rs.3.00 when the NAV is Rs.21.00 The unit is redeemed at an NAV of Rs.22.00 Total return
is

61. A fund sells 100 units of face value Rs.10/- at an NAV of Rs.12.25. How much would be
credited to unit capital?

62. When a scheme with assured returns is being launched, which of the following need not
be published in the offer document?

63. Mutual fund units cannot be distributed by

64. A debt fund distributes 10% dividend. How much tax does the investor have to pay on
this dividend?

65. A debt fund distributes a 10% dividend, how much tax does the fund have to pay?

66. How many scripts does NIFTY constitute

67. Which of the following is the first step in financial planning

68. Why should one buy an insurance policy

69. SEBI regulations for mutual funds were formulated in

70. Expenses incurred by a fund for printing of key information memorandum can be
amortized over

71. A mutual fund’s investments are guided by the

72. UTI was the only mutual fund for the period

73. Investors who follow the fixed allocation approach

74. An investor should not invest in a mutual fund if

75. Mutual fund can benefit from economies of scale because of

76. Which of the following is a disadvantage suffered by a mutual fund investor?

77. A disadvantage suffered by mutual fund investor is that he has no control over the costs
of investing

78. Which of the following statements about UTI in untrue

79. Which scheme has the largest investor base?

80. Which was the first diversified equity investment scheme in India

81. The private sector was granted permission to enter the mutual fund industry in

82. The first Non-UTI mutual fund was

83. The organisation responsible for a comprehensive set of regulations for all mutual funds
in India is

84. The 1999 union government budget helped the mutual fund industry by

85. During the period 1992-99,the mobilisation of funds by the mutual fund industry
was about

86. Which of the following about public provident fund (PPF) are untrue

87. A close-ended scheme is quoted on the stock exchange at a discount to its NAV when

88. Which of the following is a fundamental attribute of a mutual fund scheme

89. Offer document of a mutual fund is

90. The unites of a scheme being sold and repurchased as per the procedure laid down is
one of the fundamental attributes of a scheme

91. The steps involved in the selection of an equity fund for investment are

92. Compounding of interest is best explained by a

93. From whom can a unit-holder seek redressal if his complaint is not entertained by the
mutual fund

94. A fund’s investments at market value total Rs.700.00 Crores, total liabilities stand at
Rs.50.00 Lacs and the number of units outstanding is 28 Crores. What is the NAV

95. An investor wishes to switch between a money market mutual fund and equity fund.
What would you advise him?

96. For choosing an appropriate benchmark to measure a scheme’s performance, All of the
following are required except

97. Which of the following characteristic of a fund that a risk averse investor should choose

98. A mainstream diversified debt fund is most affected by

99. If yields fall, a debt fund manager will do all of the following except

100. In which type of schemes should an unmarried professional will invest

101. An investor buys units in a fund that has given excellent returns in the past, but his
expectations are not met as the fund does not perform well this year. The investor can