1. What is considered when an issuer does not exercise the call option on AT1 bonds?

2. What should be reflected in the valuation if the call option is not exercised due to the issuer’s financial stress?

3. What is the Macaulay Duration based on for AT1 bonds?

4. For which type of bonds is the valuation considered as 100 years maturity from the date of issue?

5. What happens to excess expenditure beyond the prescribed TER limit?

6. What are distributable reserves in mutual funds based on?

7. What does SEBI ignore when calculating distributable reserves?

8. Which of the following is deducted from distributable reserves?

9. Dividends are paid out from which of the following?

10. What happens to the NAV after a dividend is declared?

11. Who decides the record date for dividend distribution in mutual funds?

12. How much time must pass between the announcement of a dividend and the record date?

13. What kind of schemes are not required to provide a notice for dividend declaration?

14. What portion of an investor’s dividend may include a return of capital?

15. Which is 1 about dividends in mutual funds?

16. What is the entry load in mutual funds?

17. Which of the following is 1 regarding entry loads in current regulations?

18. What is an exit load?

19. What happens to the money collected from exit loads?

20. Exit loads are used to incentivize investors to:

21. What is the NAV of a mutual fund?

22. To how many decimal places is NAV required to be calculated for equity funds?

23. For which type of funds must NAV be calculated up to 4 decimal places?

24. What is the purpose of segregating portfolios in mutual funds?

25. Which expenses are not charged in a segregated portfolio?

26. Which of the following would NOT impact the NAV directly?

27. What is a key accounting requirement for mutual funds?

28. How often should the NAV of segregated portfolios be declared?

29. What is an equalisation reserve used for?

30. What happens if dividends are not paid by the stipulated time?

31. What is the impact of the exit load on bonus units?

32. What should be done when there is a credit event in a mutual fund’s debt portfolio?

33. What must mutual funds disclose daily on their website?

34. What is the minimum time duration for declaring NAV of debt funds?

35. Which expenses cannot be borne by the AMC in excess of the total expense ratio?

36. Which section of the Income Tax Act exempts all the income earned by mutual fund schemes from any tax?

37. What is the income tax status of mutual fund income in India?

38. What is the primary objective when making an investment in mutual funds?

39. Which type of mutual fund income is taxable at 10% above Rs. 1 lakh in a financial year?

40. What does IDCW stand for in mutual fund terminology?

41. In which scenario is the benefit of indexation applicable for capital gains?

42. What happens when the selling price of a mutual fund unit is higher than its purchase price?

43. What is the short-term capital gains tax rate for equity-oriented mutual funds?

44. What is the tax treatment for long-term capital gains from equity-oriented mutual funds exceeding Rs. 1 lakh?

45. What kind of mutual funds are classified as non-equity-oriented?

46. What is the marginal tax rate applied to?.

47. What does indexation adjust for in calculating capital gains tax?

48. What happens when the selling price of a mutual fund unit is lower than its purchase price?

49. What is the holding period for long-term capital gains in non-equity-oriented funds?

50. What is the grandfathering of capital gains?

51. What is the tax rate for long-term capital gains with indexation for non-equity-oriented funds?

52. How are capital gains from equity-oriented funds treated before the Finance Act 2023?

53. How is dividend income from mutual funds treated?

54. What tax structure applies to capital gains from equity mutual funds when sold after 1 year?

55. For long-term capital gains to be applicable on equity-oriented funds, what should be the minimum holding period?

56. What tax rate is applied on short-term capital gains for non-equity-oriented funds?

57. What happens if an investor realizes capital gains below Rs. 1 lakh from equity-oriented mutual funds in a year?

58. Which type of investor may have different tax treatments for their mutual fund investments?

59. Which of the following is an example of a non-equity-oriented fund?

60. Which of the following is taxable as short-term capital gains irrespective of the holding period?

61. What is the tax rate for long-term capital gains from equity-oriented funds before April 2018?

62. For what type of income is the concept of “grandfathering” applied?

63. What is the purpose of indexation in capital gains calculation?

64. How are mutual funds classified as equity-oriented?

65. What is the surcharge in the context of mutual fund taxation?

66. What was the tax treatment of dividend income from mutual funds before the Union Budget of 2020?

67. What significant change regarding dividends was introduced in the Union Budget 2020?

68. In the new regime, tax on dividends is based on:

69. Under the new regime, who benefits the most from the changes in dividend taxation?

70. What is a major difference between the old and new tax regimes for dividends?

71. In the earlier regime, the NAV dropped by:

72. What is “deferment of taxes” in the context of mutual funds?

73. From April 1, 2021, mutual funds declaring dividends must indicate:

74. Stamp duty on mutual fund units is applicable for:

75. The rate of stamp duty on mutual fund unit purchases is:

76. Which of the following is not subject to stamp duty?

77. What is bonus stripping in mutual funds?

78. What is the condition under which capital loss from bonus stripping cannot be set off?

79. What is the Securities Transaction Tax (STT) applicable on the sale of equity mutual funds (delivery-based)?

80. STT is not applicable to:

81. Which mutual fund schemes offer tax benefits under Section 80C?

82. The lock-in period for ELSS under Section 80C is:

83. In case of ELSS investments made via SIP, the lock-in period applies to:

84. Under the new tax regime introduced in Union Budget 2020, what happens to tax exemptions under Section 80C?

85. Which of the following attracts TDS under mutual fund dividend income?

86. The rate of TDS on mutual fund dividends exceeding Rs. 5,000 for residents is:

87. For non-resident investors, TDS on dividends is based on:

88. Which tax is applied on investment management and advisory fees for mutual funds?

89. GST on brokerage and transaction costs for mutual funds is within:

90. Can GST be charged to the scheme for distributor commissions in mutual funds?

91. What happens to the GST on exit load?

92. TDS is not applicable on:

93. Which of the following statements is 1 regarding double taxation treaties (DTAA)?

94. The lock-in period for tax benefits under retirement-oriented funds is:

95. Which tax benefit is allowed for retirement-oriented funds?

96. What is the initial offering of units in a mutual fund scheme called?

97. Who decides the scheme to be offered in the NFO?

98. What is the purpose of standardizing investor services in mutual funds?

99. Which of the following is NOT required for the launch of an NFO?

100. How long can an NFO remain open for subscription (excluding ELSS)?