Phases of Mutual Fund Development in India

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During which phase did SEBI introduce standardization and set uniform rules and regulations for all funds?

Phase 4

Phase 1

Phase 3

Phase 5 (correct)

What was the approximate value of Assets Under Management (AUM) of Indian Mutual Fund Industry as on March 31, 2022?

₹50,00,000 crore

₹37,56,683 crore (correct)

₹40,00,000 crore

₹30,00,000 crore

During which phase did the mutual fund industry witness immense growth and globalization?

Phase 3

Phase 6 (correct)

Phase 5

Phase 4

What was the approximate value of asset under management during Phase 5?

₹1,50,000 crores Signup and view all the answers

What was launched by SEBI and AMFI during Phase 5?

An awareness scheme for investors of mutual funds Signup and view all the answers

What was the approximate value of Average Assets Under Management (AAUM) of Indian Mutual Fund Industry for the month of March 2022?

₹37,70,296 crore Signup and view all the answers

What is a potential drawback of diversification in a mutual fund?

Increased operating cost and dilution of advantages Signup and view all the answers

What does the net asset value (NAV) of a mutual fund provide to investors?

The value of a fund's portfolio Signup and view all the answers

What should an investor analyze when evaluating a mutual fund?

The investment philosophy, transparency, ethics, compliance, and overall performance of the fund Signup and view all the answers

What is a limitation of ratings and advertisements issued by mutual fund companies?

They are only an indicator of past performance Signup and view all the answers

What is a key difference between investing in a mutual fund and buying stocks or securities directly?

The fees and expenses involved in the fund Signup and view all the answers

What is a potential risk associated with investing in a mutual fund?

The value of the fund may fluctuate depending on the market conditions Signup and view all the answers

What is the additional cost an investor may have to pay when exiting a mutual fund?

Exit cost Signup and view all the answers

What is CAGR unable to provide to investors?

Adequate information about the amount of risk Signup and view all the answers

What should an investor focus on instead of the 'star fund manager'?

The processes followed by a fund house Signup and view all the answers

What is one limitation of relying on 'star fund managers'?

They cannot dramatically change the performance of a fund Signup and view all the answers

Who is the joint venture partner of SBI in SBI Mutual Fund?

Amundi, a leading French asset management company Signup and view all the answers

When was SBI Mutual Fund established?

1987 Signup and view all the answers

How many branches does SBI Mutual Fund have?

Over 270 Signup and view all the answers

What is one of the popular mutual fund schemes offered by SBI Mutual Fund?

SBI Bluechip Fund Signup and view all the answers

What is the focus of SBI Mutual Fund apart from investing?

Investor education Signup and view all the answers

What award did SBI Mutual Fund win in 2020?

Best Fund House (Large) Signup and view all the answers

When was ICICI Prudential Mutual Fund established?

1993 Signup and view all the answers

What is the investment philosophy of ICICI Prudential Mutual Fund based on?

Risk management and wealth creation Signup and view all the answers

What is the primary purpose of calculating the percentage increase or decrease in a mutual fund's NAV?

To calculate the increase or decrease in its value over time Signup and view all the answers

Who is responsible for calculating a mutual fund's NAV?

The fund accounting firm Signup and view all the answers

How often must mutual funds update their NAV on the AMC & AMFI website?

Every business day Signup and view all the answers

What is the formula to calculate the Net Asset Value (NAV) of a mutual fund?

(Fund Assets – Fund Liabilities) / Total number of Outstanding Shares Signup and view all the answers

What is the Net Asset Value (NAV) of the mutual fund in the given example?

Rs. 22 Signup and view all the answers