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Questions and Answers
What is the biggest advantage of investing in mutual funds compared to traditional investments like fixed deposits?
What is the biggest advantage of investing in mutual funds compared to traditional investments like fixed deposits?
According to data, how much return have equity mutual funds in India provided over the last 10 years on average?
According to data, how much return have equity mutual funds in India provided over the last 10 years on average?
Why is diversification important in investment, and how does mutual funds help?
Why is diversification important in investment, and how does mutual funds help?
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In India, which type of mutual fund offers tax benefits under Section 80C of the Income Tax Act?
In India, which type of mutual fund offers tax benefits under Section 80C of the Income Tax Act?
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What role does a financial advisor play in mutual fund investment?
What role does a financial advisor play in mutual fund investment?
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Study Notes
Mutual Funds Quiz Study Notes
- Mutual Fund Advantages: Higher returns over the long term are the biggest advantage compared to fixed deposits.
- Mutual Fund Returns (India): Equity mutual funds in India have averaged 12-15% annually over the past 10 years.
- Diversification Importance: Diversification minimizes investment risks by spreading investments across different assets. Mutual funds achieve this.
- Tax-Advantaged Mutual Funds (India): Equity-Linked Savings Schemes (ELSS) offer tax benefits under Section 80C of the Income Tax Act.
- Financial Advisor Role: Financial advisors assist in choosing the right mutual fund based on investment goals, ensuring portfolios remain on track with market conditions and providing guidance for tax-saving investments.
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