5a Part 2
Investment Wisdom Quiz
Test your knowledge on mutual funds and investment strategies with our engaging quiz. Designed for both budding investors and seasoned professionals, this quiz will challenge your understanding of mutual fund distribution and valuation.
Key Features:
- 30 thought-provoking questions
- Multiple choice format for easy answering
- Learn while you play and enhance your investment skills
Two professionals have been shown between the investor and her investment portfolio - a mutual fund distributor, and a fund manager
True
False
Distributor’s job is to assess the needs, limitations, resources and financial goals of the investor.
True
False
The mutual fund distributor earns revenue in the form of Fees
True
False
Upfronting of trail commission is allowed only in case of inflows through Systematic Investment Plans (SIPs) of up to Rs. 3,000 per month for an investor investing in mutual fund schemes for the first time
True
False
Trail commission is calculated as a percentage of the net assets attributable to the Units sold by the distributor
True
False
The trail commission is normally paid by the AMC on a quarterly basis or monthly basis
True
False
Trail commission rate is mentioned as percent per annum, the same needs to be divided by 365 to arrive at the daily trail commission amount.
True
False
Distributors have the option of opting out of charging transaction charges at the folio level
True
False
The Goods and Services Tax (GST) became applicable with effect from July 2017.
True
False
Mutual fund distributors earn no commission when the investor chooses to invest in “direct” plans
True
False
Mutual Fund Distributors Certification Examination offered by is required for becoming a mutual fund distributor
National Institute of Securities Markets
Securities and Exchange Board of India
Association of Mutual Funds in India
National Skills Development Corporation
The valuation shall be done in good faith and in true and fair manner through appropriate valuation policies and procedures.
True
False
The responsibility of true and fairness of valuation and correct NAV shall be of the asset management company
True
False
The NAV is meant to reflect the true worth of each unit of the scheme
True
False
Investment and Advisory Fees are charged to the scheme by the Sebi
True
False
AMCs need to prominently disclose on a daily basis
True
False
SEBI guidelines stipulate those dividends can be paid out of distributable reserves
True
False
The AMC shall decide the quantum of dividend and the record date
True
False
Valuation gains are ignored. But valuation losses need to be adjusted against the profits.
True
False
The auditor for the AMC has to be different from that of the schemes.
True
False
AMC shall not charge investment and advisory fees on the segregated portfolio. However, TER can be charged
True
False
The capital gains are taxed differently in comparison to the dividend income
True
False
Stamp duty @0.005% of the investment amount shall be applicable at the time of issue of units for both physical and demat units.
True
False
As per SEBI's mandate, AMCs has to put in place a due diligence process to regulate distributors. Which of these mutual fund distributors would not be subjected to the due diligence process?
AUM raised of Rs. 60 crore across industry in the non-institutional category
FalseCommission received of over Rs. 125 lakhs p.a. Across industry
Multiple point presence in more than 25 locations
Commission received of over Rs. 75 Lakhs from a single mutual fund
The interim changes in an mutual fund scheme are updated to the investors through
KIM
SAI
Addendum
SID
Which of these is NOT included in the Key Information Memorandum (KIM) ?
Dates of Issue Opening, Issue Closing and Re-opening
Investment Objective
Risk profile of the scheme
Functions of the sponsor, trustee and AMC
Which of these investors is allowed to do a nomination?
Only SIP investors
Only Equity Mutual Fund investors
Only Institutional Investors
Only Individual Investors
In India, the Mutual funds are constituted as
Limited Company
Non-Government Organisation
Trusts
Self Regulatory Organisations
Which of these funds are suitable for investors who have a long term investment horizon and are looking for growth?
Income Funds
Long duration funds
Equity funds
Liquid funds
Please read the scheme related documents carefully’ - which documents does this line refer to?
Scheme Information Document and Statement of Additional Information
Statement of Additional Information and fund fact sheet
Trust deed and Key Information Memorandum
Scheme Information Document and audited balance sheet of the Asset Management Company
{"name":"5a Part 2", "url":"https://www.quiz-maker.com/QPREVIEW","txt":"Test your knowledge on mutual funds and investment strategies with our engaging quiz. Designed for both budding investors and seasoned professionals, this quiz will challenge your understanding of mutual fund distribution and valuation. Key Features: 30 thought-provoking questions Multiple choice format for easy answering Learn while you play and enhance your investment skills","img":"https:/images/course4.png"}
More Surveys
Understanding the Stock Market Quiz
17837
AXIS BANK PRIME NHT DAY-2
105147
AXIS BANK - PRIME NHT - FINAL
261338
Finance Quiz
14726
CCA NHT Day 4
10525
AXIS BANK - AL BATCH
6329
CCA NHT Day 2
11631
CCA NHT Assessment Day 1
10542
EL Scavenger Hunt
201043
Quick Assessment
10516
Are you ready to learn?
5220
CS FOLDER PROJECT
1589