How much do you know about mutual funds? Take the Get Ahead Money Quiz to find out.
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1. Which are the mutual funds that offer a tax benefit under Section 80C? Equity Linked Saving Schemes Money market mutual funds Monthly Income Plans
Wrong! Try again.
Wrong! The correct answer is Equity Linked Saving Schemes.
Right!
2. If you wanted to invest in a particular industry, what fund would you choose? Diversified equity fund Index fund Sector fund
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Wrong! The correct answer is Sector fund.
Right!
3. What is a front-end load? A flat fee charged when you buy the units of a mutual fund A percentage fee charged when you buy the units of a mutual fund A fee charged if you sell your units within 6 months of buying
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Wrong! The correct answer is A percentage fee charged when buy the units of a mutual fund.
Right!
4. How often is the Net Asset Value calculated? Every working day Once a week Twice a day
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Wrong! The correct answer is Every working day.
Right!
5. Which one of these is an advantage of a mutual fund? You can double your money over five years No capital gains Instant diversification
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Wrong! The right answer is Instant diversification.
Right!
6. What is the term given for periodic and regular investments in a mutual fund? Systematised Investment Programme Systematic Investment Plan Systematic Internal Plan
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Wrong! The correct answer is Systematic Investment Plan.
Right!
7. What are funds that invest in both debt and equity called? Balanced funds Floating rate funds Liquid funds