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Questions and Answers

Which of the following is a characteristic of a close-ended mutual fund?

Rate of return

NAV

Number of distributors

Fund size (correct)

What determines the maximum load that a fund can charge?

AMFI

Distribution agents based on demand for the fund

SEBI (correct)

AMC

What is the amount required to buy 100 units of a scheme with an entry load of 1.5% and NAV of Rs.20?

Rs.2030

Rs.1985 (correct)

Rs.2015

Rs.2000

What does a gilt fund primarily invest in?

<p>Government securities only</p> Signup and view all the answers

How can an investor in a close-ended mutual fund get their money back?

<p>On a stock exchange where the fund is listed</p> Signup and view all the answers