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Questions and Answers
Which of the following is a characteristic of a close-ended mutual fund?
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?
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?
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?
What does a gilt fund primarily invest in?
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How can an investor in a close-ended mutual fund get their money back?
How can an investor in a close-ended mutual fund get their money back?
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