QUESTION

A fixed term plan series is-

FMP are essentially a closed ended Scheme
FMP can give better interest than a bank
In case of market correction _______ , takes more hit than _______ Fund.
In India mutual funds are-
MIP is a Debt Scheme
Mutual fund is made up of
Which fund is an active fund management?
Which is an international fund-
Which of the following fund investment help an economy most
Which of the following is more risky?
Close ended fund allows investors to re-purchase their units
Index fund can give better returns from its Benchmark.
The arbitrage funds are taxed like debt funds
What remains constant in a close ended fund ?
Which investment below gives international exposure
Within the equity funds the highest risk are growth funds ?
A mutual fund is
Closed ended fund has
Fund of Fund scheme invest in-
Gilt fund is a good alternative to Capital Appreciation
In a mutual fund investors subscription are accounted for as
Investing in Gold ETF helps
Liquidity risk arises in
The presence of market makers provide liquidity in case of ETF
Can liquid funds invest in short term bank fixed deposit?
Liquid schemes invest in securities
Mutual fund is
Mutual funds are constituted in India as a..
One of the advantage if ETF is..
The first ever mutual fund scheme in India was launched in
What remains constant closed ended funds?
Which funds have features of both open ended & close ended?
An scheme open for subscription after the approval of _____________
Collection and payment of fund is a responsibility of
Independent trustee are appointed by-
Minimum contribution of a sponsor in an AMC should be-
Sponsor's net worth should be positive for
Which function AMC can't do in house
Which is appointed by trustee?
Who can be the distributor of the AMC
Mutual Fund Sponsors can be compared to
SEBI regulates
______ has been appointed by Trustee
Approval of SEBI is needed to appoint a person as Trustee
Money market in which MF invests are regulated by
Open ended fund can invest in unlisted securities up to-
Securities of a fund are held by
The name and background of key personnel in AMC
Which is prohibited in AMC's Code of ethics
Which of the following is not a function of R&T
Mutual fund sponsor can be compared to ..
SEBI is responsible to develop a cadre of well trained agents and distributors
The applicable guidelines for mutual funds are set out in SEBI mutual fund regulation,
1996..
The constitutes of mutual fund are appointed with the approval of ..
Who is keeps the custody of security of Mutual Fund ?
Who promotes MF
In case of breach of Code of conduct license is canceled by-
Mutual fund distributor in India are member of amfi.
Mutual fund in india is regulated by SEBI act 1996.
Other than Indian residents, rest have to also comply RBI regulations
SEBI doesn't allow passing of commission to
Which of the following is against the ethics & Code of conduct guide line of AMFI
Who allots Amfi Registration Number?
Who can not invest in mutual funds?
Who keeps detail report of transaction-
A distributor needs different ARN for each AMC ?
Code of ethics for employees of AMC is described by
The guideline issued by AMFI for intermediaries are known as
Unaudited accounts of the scheme must be published in the news paper
Which of the following is an SRO ?
Which of the following is an SRO of a Mutual Fund?
Within how many days the dividend warrants to be dispatched on declaration?
______ Allots the ARN Number
AMFI interacts with _______ on all issues related to MF industry
Annual report should announce the unclaimed amount and investor
Investor select an MF based on matching
Mutual Fund investor cant pledge units
Unit holders are entitled to
_______ allots the ARN number
"To achieve growth by investing in equity and equity related investments, balanced with
income generation by investing in debt and money market instruments" is likely to be
the investment objective of ___________ .
AGNI is
Although AGNI is mandated. there are no penalties for breach of code of conduct.

AMFI code of ethics prescribes that mutual fund scheme portfolios should be managed
in interest of
AMFI code of ethics prescribes that mutual fund schemes portfolios should be managed
in the interest of
AMFI is a SRO ?
AMFI is SRO for mutual fund and regulates all mutual Fund
Bank sponsored mutual funds are also regulated by

For fund of fund NAV is to be updated on-line in the website of AMFI and the mutual
fund website..
Investor can sue the trust for breach of trust
Investors can sue trustees for breach of trust.
The investment objective of which of these funds would be to seek capital appreciation?
Unit holders enjoy rights to the asset of the funds...
Which of the following is not a mandatory services standard as per SEBI.
At time of NFO, which document compulsorily filed with SEBI
Function of OD is
In KIM it has been mentioned that the 65% investment will be in equity and equity
related instrument. this is called-

Investor has read the OD and then the invested in the fund and fund goes down, then he
KIM has to be updated
KIM is attached with ?
Material changes in KIM need to be updated
The information regarding Which category of investors can invest in MF, is given in
Transfer of security from one scheme to another scheme is allowed in MF
Which is same as of OD?
Which of the following need not be included in KIM?
Which of the following not included in KIM
In NFO the account statement is to be dispatched within days on closure of NFO ?
KIM Document is a summary of
KIM needs to be updated every
NFO other than ELSS can remain open for maximum _________
When scheme is first launched and investor invests in MF... it is called
A disclosure should be made in the offer document if an AMC has invested more than
the following percentage of its net assets in group companies.
After NFO in a closed ended fund you can purchase units at-
NFO other than ELSS is open for a maximum of
Transfer of security from one scheme to another scheme is allowed in MF at
Unaudited report has to be published in newspaper for
Understanding the psychology helps in risk profiling
When scheme is first launch , AUM of the scheme would be nil
Which of these activity are carried out before getting SEBI approval
A unit holder is not responsible for
Annual report of AMC should necessarily mention the unclaimed amount and the
number of such investors for each scheme.
For additional purchase
How many minimum client is required for a scheme to run
Info provided in the SAI
Investors buy units of open-ended funds during the continuous offer at the
Is KIM a synopsis of offer document?
KIM is to updated
NFO opening and closing detail mention in
NFO other than ELSS can remain open for _________
Offer Document of Mutual Fund is approved by SEBI
SID is approved by
Since NFO is a marketing decision ,CIO has limited role in deciding it's structure
The format of KIM
Transfer of investment from one scheme to another is allowed
Which of the following contain detail information on the portfolio characteristics and
operational features of a scheme?
Which of the following form a part of fundamental attributes of a fund
Which of the following is a synopsis of the offer document?
Which of the following is not fundamental attribute of scheme?
Which of the following is the function of an offer document

________is the legal document that protects & govern the right of investor to
information.
Distributors are paid-
Institutional distributors needs to be
Which distribution channel don't have a huge branch network?
Distributors do not get commission on self business
For a distribution channel, 60% of the employees should have AMFI Registration Number
Sub distributors work with
Commission paid at the time of investment are called
In India one can invest in MF only through distributor
Which of the distribution channel does not have wide branch network
Distributors are compensated by mutual fund companies primarily through..
Distributors are provided commission for up to
If the investor wishes to change the distributor

Stock exchange brokers are permitted to distribute MF after passing the certifying exam
There is no need for educational qualification to be MF advisor.
There is no TDS on dividend distribution and redemption
Upfront commission is paid from entry exit load ?
Which of the following statement is true?
Which of these entities enables collection and payment of fund.
Who can distribute mutual fund through stock exchange?
Long term capital gains in a debt fund without indexation for an investor is

As per income tax act, Arbitrage Funds are taxed as per debt scheme
Calculate the sales price of a unit when NAV is 15 and exit load 1%
Dividends in the hands of investors are taxable at the rate of
Exit load is __________by SEBI.
Fund management cost is more in-
How frequently NAV of an equity scheme are calculated
If an investor invest in liquid fund after 3:30 pm which NAV will be applicable.
If an investor invest Rs.100,00,000 in Equity MF Scheme at 3.30 pm through outstation
cheque he will get NAV of
If you get a 50L in equity fund at 3:30 pm today,investors get the NAV of
If you get a cheque of 1 cr in a Gilt Fund at 2.30 pm, NAV date will be
In case of online transaction, transaction time is applicable
Initial expenses in a liquid fund can be-
Request for purchase can be made
STT charge on
The NAV of a fund is 15 applicable exit load is 1%,post NAV would be-
Time stamp machine contains-
Trail commission to advisor helps in --
Unit capital is issued at-
Which expense can not charged to scheme?
An Investor Invests Rs 100000 in a 365 days FMP and got Rs 107750, what would be
capital gain in this case ?
An investor plans to invest Rs 12000 in a scheme whose NAV is Rs 12, how many units he
will likely to be obtained
Change in the value of NAV is
Expenses ratio is most important in case of
In a balance fund with net assets of 750 crores what is the expenses that can be charged
?
Initial issue expense that can be charged to fund

Market value is 152 crore, Dividend accrued but not received= 8 crore, liabilities = 2
crore Total no of outstanding units is 75 lakhs. What will be the NAV of the scheme?

Mr A Holds 2000 Units, scheme declared 1:4 bonus. How many units will Mr A Gets ?
Recurring expenses in Equity scheme has a limit up to
The NAV of scheme is impacted by ?
Trail commission are linked to valuation of portfolio in the market
What is the applicable rate of STT in case of repurchase of Equity scheme?
What is the DDT for an individual in liquid fund ?
What is the highest expense ratio in a Fund of Fund scheme ?
What would be the redemption value of a Unit if NAV is 15 and Exit load is 1%
Which of the following can be charged to the scheme
Which of the following exempt from DDT ?
Which one is called cum-dividend NAV
A scheme can distribute dividend on its-
Avg net asset of scheme is 3000,total transaction of a scheme 10,000 what is portfolio
turnover ratio
High portfolio turnover ratio implies
Investor should invest in MF with few offices as office expense is charged to the fund
Loads are applicable to
Mutual fund is exempted from Wealth Tax
NAV changes with
Net asset Rs.500cr./transactionrs1000cr what is portfolio turnover ratio
Net Avg asset of the scheme is 300cr and Investment transaction value for the same is
1000 cr in a year. What is the avg holding period (months)?
STCG in GOLD is required if the holding period is less than
Tax differal is advantage
The expense ratio is affected by
Which one is called Cum-Dividend-NAV

With holding tax on income earned by NRI depends on nature of income, investment
and investor country of domicile
Dividend distribution tax in liquid paybale by investor?

Mr A holds 1200 units , scheme declares 1:3 bonus. How many units will Mr A gets
Mutual fund can utilize CDSC (contingent differed sales charge) as
Recurring expenses includes
STT is applicable on
The value of investment in mutual funds..
What is the rate of TDS in liquid mutual Fund?
If investors invest through demat can AMC asks for KYC requirement
KYC is compulsory -
Kyc is required for-
Pan card is not required in case of-
For a customer holding units in demat , the AMC also requires to do his KYC ?
For which investment PAN card is necessary ?
I invest Rs 50 lacs at 2.30 pm with a local cheque for funds other than liquid scheme,
which NAV will you get ?

If a minor Invests Rs 10,000 in MF, KYC is needed or not

If an investor invests 1,000,000 at 3:30 p.m through outstation cheque, he will get NAV
of
If invest in liquid fund and 11.30 am and the fund gets cleared on the same day which
NAV do you get ?

If investor invests in a Equity fund at 3:30 p.m., he would get the units at which NAV ?

If investor invests in a Guilt fund at 3:30 p.m., he would get the units at which NAV ?
Request of Purchase can be made
Time stamping arrangements is must for
Unit holders can hold their units in demat form
Which is the fastest way of remitting funds on real time basis?
Which one of the following is not an eligible investor
Application for MF would be rejected if paid in
Bank on receipt of money from abroad issue
Benefit of Demat a/c is that
Cut-off time are
CVL system generates Acknowledge along with
Foreign exchange can be remitted through
If an investor wants to invest in Mutual fund through exchange trading he can buy from
KYC is required for investment more than
Mutual Fund transaction on stock exchange are governed by stock exchange redressal
system
Settlement responsibility in BSE / NSE Platform are with
To which of the following does PAN not apply
Which of the following information does time stamp include
Which of the investor group can invest in Indian Mutual Fund
A client is investing 1cr in gilt fund which day NAV he will get
Cut-off time for NAV
For which investment pan card is mandatory?
Identify which of these groups of investors is eligible to invest in mutual fund.
KYC service provider is known as?
Some MF companies allow investors to transact through their website.
What is not mandatory in application form?
When a time stamping machine is installed should it be informed to trustees
Which document is not required for institutional investor
Which documents are applicable for KYC
Which id proof is not valid identity proof for KYC (individual)
Which of the following groups of investors require investment to be permitted through
their constitutes?
In case of equity fund, if fund has higher allocation to cash in bullish market the
performance is likely to..
A schemes NAV value increases for the period of 2 yrs . it will show-
Formula for CAGR calculation is
Fund's risk relative to market is measured by
If an investor invest 1 lakh rupees in a debt fund after 365 days it's value is 107756/-
what is CAGR?

If beta of a scheme is less than one the the fund is-

Index against which performance of a fund , is measured , it is called
Low PE indicates that stock is cheap and you should buy it
Standard risk are
The expected return & yield of the scheme is mentioned in KIM
The P/E ratio is an important measure of a company's anticipated performance. it is
calculated using.
What is the indicator of the risk adjusted performance ratio?
Which is technical analysis-
According to Performance Advertisements the return shown for equity funds over 1
years are
Beta of Index would be
Company's Earning per share would be indicated by following
Equity Fund's Risk relative to market is measured by
Father wants his son to be a doctor and study will start after 5 years. The current
expense is 2500000. How to calculate the expense after 5 years
For calculating Standard Deviation in Excel, which formula to be used?
If I require 500000 after 2 years, which method will I follow ?

Low PE compared with peer group or industry standard indicates that stock is cheap and
you should buy it
Risk can be measured by
Standard Risk is
Technical analysis is projecting trend based on human behavior ?
Which of the following has lowest risk ?
While evaluating return for an index fund across a peer group, which of the following is
more important
Within a category one can decide on investments based on Sharpe Ratio
Appropriate benchmark to large cap
Encroachment risk is higher for
Fundamental Analyst are also called " Chartist"
Fundamental Analyst's decision are base on
IF Gold price appreciates investors should invest in
If market crashes after bull run which fund is more safer
Indian investor in a US $ based fund benefit when $ becomes
Risk may be defined as
Standard risk factors are
What determines the interest rate sensitivity
Which is the short term Govt Security
Absolute return is best judged
Accepted standard for return calculation in financial market is
Corporate deposit interest rate depends on
High yield bond schemes invest in junk bonds?
If the post tax rate of return on an investment is 8% and the inflation rate is 6% the real
rate of return is
liquidity risk is highest in
The difference between the yield on gilt and the yield on a non government debt
security is called its yield spread.
What is the beta of index fund?
Where do high-yield funds invest?
Which ratio measures risk-adjusted return?
Investor selects an MF based on
Term Stock picking is used in which of the following?
The person with whom the units are pledged is known as
5 star fund indicates
Among equity fund , growth fund has highest risk
An investor looking to select a hybrid fund with tax benefits must choose.
Investor who wants long term exposure to gold should opt for
Investor with a long term investment horizon for growth are likely to invest in
Role of Credit rating agencies is highest
Expenses in fund of funds?
High regular income yield is indicator of scheme weakness
If we have a view that gold price will appreciate, which mutual fund scheme should we
invest in?
Statutory information about fund is same for all scheme offered by Mutual Fund
Which approach is used by Fund managers for picking up the Value stocks.
Which fund has highest risk?
Who can issue the bond and debenture ?
If an investor wants full exposure of gold his investment should be into
In NPS class-C predominantly invests in
In NPS investors get choice of the asset class but don't get choice of investment manager
Interest Rate sensitivity in Bond fund depends on
The insurance associated with pension schemes are regulated by-
Value of Bond goes down when
What is not true objective of life insurance-
What is the rate of return of PPF
Which is purely treated as an international asset
Which is true in case of PPF
Which one is false about debenture
Which one is not exempted in wealth tax
Assets class E investment in
Companies issuing short term debt is called
How is company fixed deposit compare to bank fixed deposit ?
The New Pension scheme is both regulated IRDA and PFRDA as it has an insurance
component ?
What is the current PPF Rate ?
What is true about premium paid in a life insurance company ?
Which of the following account in NPS is a Saving Account
Which of the following is a financial asset ?
Which of the following is a Financial Asset?
Commodity as an asset class does not include
Debenture is physical asset because the paper has some value
Deposit Insurance in case of MF is
Investors in NPS can choose asset class but not fund managers
Investors in PPF gets deduction up to
What is the drawback of PPF
Which is the most Illiquid Asset?
Which of the following is growth asset
Which of the following is with drawable in NPS
Bank lends against
Commodity does not include
need for life insurance is must for
Goal based approach of financial planning focus on
last step in the process of designing module portfolio
According to the Certified Financial Planner - Board of Standards (USA), the third stage
in Financial Planning is

Financial Planner defines that client does not have resources to meet goals. He should
Last step in the process of designing model portfolio
Which of the below is not in a Transition phase ?
Childhood and transition are similar stage of LIFE cycle and WEALTH cycle stage
Comprehensive FP should be restricted to five years
Father wants to start his business, this is
Financial Planner finds that client does not have resources to meet goals. He Should

Financial Planning is just a process and so Financial Planner can use any profile found in
the web
Since preparation of WILL is a long process, it has to be avoided
SIP is called RCA
Childhood & transition phase is common in life cycle & wealth cycle?
preparation of WILL is pessimistic exercise, so it is better to avoid
A young investor having objective of capital appreciation should invest in
According to the asset allocation rule, equity exposure should be equal to
An investor is suggested to keep his investment portfolio in the 65:35 ratio(equity &debt)
for all time it is a-
Arrange in correct sequence
Asset allocation means
Asset allocation should be in line with
What should be the Sector Fund Allocation for a single income family having small
investable surplus
Young married couple should invest in the following equity & debt ratio--
A conservative investor need not be advised to invest in ?
In Transition phase of Wealth Cycle investor tends to increase the proportion of_______
assets in his portfolio.
On doing risk profiling which asset allocation does it give ?
The young BPO executives should not be advised to invest in long term schemes because
of their lavish life style ?
A newly married couple should invest into --
Some allocation to GOLD is likely in most model portfolio
What is an ideal sector allocation in a sectoral fund
 A
As open ended fund
TRUE
TRUE
Growth , Value
Govt. institutions
TRUE
pool of trustees fund
Index fund
Foreign fund
Real estate
Liquid fund
By allowing fixed number of Units to sale
TRUE
TRUE
Unit Capital
International Funds
TRUE
A pool of trustee money
Fixed AUM
Mutual Fund scheme
TRUE
Liabilities
Guarantees high return
Closed ended fund
TRUE
Yes
Less then 91 days maturity
Trust
Companies
Investor can see where his money is invested
1964
Unit capital
Interval Fund
SEBI
Custodian
Sponsor
50.00%
Last 5 years
Custodian
Custodian
IFA
Depositor of a company
Mutual Funds
Custodian
TRUE
AMFI
0.05
Custodian
Are not included in SIP
Inter Scheme transfer
Process Dividend and redemption
A depositor in company
TRUE
TRUE
Sponsorship
AMC
Sponsor
AMFI
TRUE
TRUE
TRUE
distributor
Churning investor's money to get better returns
AMFI
Foreign companies
Custodian
TRUE
SEBI
AGNI
Every 3 months
AMFI
AMFI
15
AMC
RBI
TRUE
Investment Philosophy
TRUE
Receive information that can effect their investment
AMC

Equity fund

Code of Conduct For Intermediaries

TRUE

Identified class of unit holder

identified special classes of unit holders

TRUE
TRUE
AMFI

Before 9 pm same day

TRUE
TRUE
Dividend yield fund
According to the plan chooses by them.
Periodic disclosure of the fund's holding
SID
Give details information about scheme to investors
Policy of scheme

gets remedy from SEBI

Twice in a year
Transaction slip
once in a year
Offer document
TRUE
SID
Functional sponsored trustee and AMC
Details of Key personal of AMC
5 days
SID
3 months
7 days
NFO
0.5
Current NAV
7
Market Price
3 months
TRUE
TRUE
Updating the SID with NFO dates
reading OD
TRUE
Only transaction slip to be filled
20
addendum made in the scheme
NFO price
TRUE
Once in quarter
KIM
15 days
TRUE
Investor
TRUE
Given by SEBI
TRUE
Key Information of Memorandum
Fund manager
Trust deed
Investment objective
To enable comparison of MFs

OD
Commission
registered with SEBI
Institution
TRUE
TRUE
Online platform
Upfront Commission
TRUE
Bank
Salaries
3 yrs
He will need to give written request to the fund house

TRUE
TRUE
TRUE
TRUE
Distributors do not get upfront commission on self
business but they get trail commission
Broker
Equity Broker with out certification
10.00%
TRUE
15
10%
Same for all schemes
Passive fund
Daily
Same day
Same day closing value
yesterday
NAV at 2.30pm
time shown in the computer of investor
0
in units and amount
equity Derivatives
14.85
Time stamping serial no
Retaining the investor for long term.
10
Expenses on investor communication
7750

<1000
Standard Risk
Index Fund
10.13
NIL

200

400
1.50%
No of Investors
TRUE
0.13%
0.25
2.25%
15
Salary of Fund Administratives
Equity Oriented Fund
NAV on the date when trustee approves dividend
Realized profit.
0.3
High Cost
TRUE
Transfer of Closed ended Scheme
TRUE
Number of investor
0.5
0.3
12 months
Growth
Fund size
NAV on the date when trustee approves dividend

TRUE

Nil

300
Meeting sale expenses
Investment advisory fee
purchase of debt fund
Increase gradually every day.
Nil
TRUE
For every investment
Guardian in case of minor
NRI
TRUE
First investment in Mutual Fund
Next day NAV

KYC for Minor is needed only if investment exceeds Rs

20000

Same day closing NAV

Next day NAV

Same day NAV

Current NAV
Along with requisite form and Cheque
Offices of Distributors
TRUE
NEFT
Insurance Companies
Cheque
IEC
Direct credit of bonus units
Agreed between AMC & Distributor
PAN
NEFT
Existing investor
50 K
TRUE
AMC
PIO
Machine Identifier
Foreign Company
Same day cosing
decided by AMC
First invest in specific scheme
Foreign companies
Point Of Service
TRUE
Occupation
TRUE
P/L account
PAN card
Credit card
Institutional investors

Be comparable to that of benchmark index

Absolute return
Interest * No of years
tracking error
7.75%

More risky compare to market

tracking error
TRUE
uncommon to all
TRUE
Market price and dividend
Beta
Volume & price behavior
Annualised Yield
Less than 1
P/E Ratio
Tracking error
A = P + (1+r) ^ n 1
Stddev
Discounting method with interest rate

TRUE
Variance
Common to all
TRUE
Liquid Fund
Beta Coefficient
TRUE
BSE small cap
Land
TRUE
EPS in dollar
Gold sector fund
Growth
Weak
Asset Allocation
Not market risk
Credibility
Commercial Paper
<1yrs
abs return
liability of borrower
TRUE
2.00 Percentage
mid cap stocks
TRUE
1
Junk Bonds
Sharp Ratio
Investment Philosophy
Bottom up approach
Pledgor
Lowest Expense ratio
TRUE
Conservative MIP
ETF Gold
Equity Fund
Credibility
Less then direct Invest in scheme
TRUE
Gold sector
TRUE
Bottom up approach
Liquid
Corporates
Gold ETFs
Equity
TRUE
Credit Profile
PFRDA + IRDA
Interest rate goes down
Risk coverage
20 Percentage
Equity
Partial withdrawal facility is available after one year
Issued by PSU
gold sector fund
Equity
CD
Low Risk
TRUE
7.50%
Customer can decide premium
Tier I
Govt Security
Gold
Fiber
TRUE
Up to 1 Lac per scheme
TRUE
100000
One withdrawal at the end of Seventh Year
Gold
Savings a/c
Tier I
pledge
Art
married with double income
Risk profiling
Sector selection
Establish and Define the client planner relationship

Inform the Client

Sector Selection
Buying of house
TRUE
TRUE
Asset Allocation
Inform the Client

TRUE
TRUE
TRUE
TRUE
TRUE
GILT
age
Tactical portfolio.
Risk profile, fund allocation, portfolio construction.
Putting all eggs in Same basket
Financial Goal
0%
`50:50
Gilt Fund
Equity
Strategic Asset Allocation
TRUE
Debt fund
TRUE
<5
 B
A closed ended fund
FALSE
FALSE
Momentum , Value
Company
FALSE
pool of institutional investors
Diversified equity fund
Gold fund
Gold ETF
Index fund
By selling number of units in a fixed interval
FALSE
FALSE
NAV
Gold Fund
FALSE
A pool of investment institutions
Fixed Unit Capital
International fund
FALSE
Unit capital
Not permitted in India
Open ended fund
FALSE
No
More then 91 days maturity
Company
Trust
These schemes can generate higher returns than mutual fund.
1951
NAV
Balance Fund
AMFI
R&T
SEBI
60.00%
last 2 years
Accounting
Distributor
Bank
Company director
Depositories
R&T
FALSE
SEBI
0.0475
AMC
Declared on MF website
Front Running
Maintain the records
A company director
FALSE
FALSE
Trustees
R&T
custodian
SEBI
FALSE
FALSE
FALSE
Investor
All the associates of a distributor should be amfi approved.
SEBI
Banks
AMC
FALSE
AMFI
ACE
Every 6 months
SEBI
SEBI
7
SEBI
SEBI
FALSE
Investment Policy
FALSE
protection of capital even if market goes down
AMFI

Monty market fund

Rules & Regulations

FALSE

All classes of unit holders

all classes of unit holders

FALSE
FALSE
Stock Exchanges,

Before 10 am following day

FALSE
FALSE
Growth Fund
As per decided by trustees
Periodic disclosure of AMC'c accounts
SAI
Give current NAV
Objective of scheme

Cant Sue the AMC

Quarterly
Both a & b
Half yearly
SAI
FALSE
SAI+SID
Minimum investment amount and cut off time
Tax benefit of MF
15 days
SAI
6 months
15 days
IPO
0.25
Less than NAV
10
Only of illiquid securities
6 months
FALSE
FALSE
Approval of the features by trustee and AMC board
selecting stocks in a portfolio of the mutual fund scheme
FALSE
Transaction slip with purchase cheque
10
Updation in OD
Market Price
FALSE
Once in month
SID
30 days
FALSE
Sponsor
FALSE
Given by AMFI
FALSE
Statement of additional information.
Investment objective of fund
Memorandum of Association
Name if Fund Manager
To give the FM's commentary on market

KIM
Fees
registered with AMFI
Corporate distributor
FALSE
FALSE
Banks
Rebate
FALSE
Distribution House
Annual fees
5 yrs
he needs to give the NOC from previous distributor

FALSE
FALSE
FALSE
FALSE
Distributors do not get trail commission on self business but get
upfront commission.
Banker
NISM certified & AMFI registered member
15.00%
FALSE
14.85
15%
Same for all amc's
Gilt fund
Weekly
Next day
When fund gets credited
today
NAV at 3pm
time as per web server
0.000125
in units only
Equity MF
15
Machine identification
Portfolio Churning
25
Service tax
750

1000
Systematic Risk
Offshore Fund
15.38
1.00%

210.67

500
0.50%
Unit Capital
FALSE
0.33%
0.2
1.75%
14.85
Office rent
Liquid Fund
NAV of the date when notice is issued to meet trusteed to
finalize dividend
Profit after tax
4
Low Expense
FALSE
Redemption
FALSE
Number of Units remaining invested
2
0.36
36 months
Dividend payout
Average account size
NAV of the date when notice is issued to meet the trustees to
finalize the dividend

FALSE

12.50%

400
Meeting distribution expenses
Charged by the AMC, R&T fee
Redemption of debt fund
Change with the value of the investment portfolio
12.50%
FALSE
50000
HUF
Minor & Senior Citizen
FALSE
First investment in specific scheme
Same days closing NAV

KYC for Minor is needed only if investment exceeds Rs 50000

When fund gets credited

Closing NAV of the day preceding next business day

NAV of Next Business Day

Previous Days NAV

Only With Cheque
AMC Offices
FALSE
D/D
Govt Institutions
DD
FIRC
Single contact point for change of address
Difference for RTA
MIN
RTGS
Broker
5K
FALSE
Clearing House Concerned
NRI
location code
OCB
Next Day
same for all scheme
First invest in mutual fund
PIOs
Point Of Acceptance
FALSE
Status of Individual
FALSE
memorandum of the articles of association
Address proof
Address proof
Retail individual

Be worse than benchmark return

Simple return
(P1-P0)/PO*100
Sharps' Ratio
7.47%

Less risky compare to market

benchmark
FALSE
common to all
FALSE
Market price and earning per share
Standard Deviation
Mark to market
Simple Return
Equals to 1
Current Ratio
Sharpe's Ratio
A = P x (1+r) ^ n
Stdev
Discounting method with inflation rate

FALSE
Standard Deviation
Uncommon to all
FALSE
GILT Fund
Past performance
FALSE
Sensex
Building
FALSE
Trialling EPS
Gold ETF
Value
Strong
High Transaction Cost
Specific to scheme
Quality
T-Bills
>1 yr
CAGR
asset of borrower
FALSE
1.89 Percentage
front line stocks
FALSE
More than 1
Gilt fund
Traynor ratio
Investment Strategy
Top down approach
Pledgee
Lowest Load
FALSE
Balance fund Equity oriented
Gold Sector Fund
ST Debt Fund
Gold Fund
More than direct in scheme
FALSE
Gilt edged securities
FALSE
Top down
Income
Banks
Physical gold
Debt
FALSE
Avg Maturity
IRDA
interest rate goes up
Investment
8 Percentage
Gold
Investment & return are tax free.
High credit risk
gold deposit
debt
Tbills
Highly Volatile
FALSE
7.75%
prmium can be availed under Sec 80 c
Tier II
Gold
Real State
Spices
FALSE
1Lac per fund
FALSE
10000
Interest and Withdrawals are not taxable
Equity
Current A/c
Tier II
Dividend
Energy product
married with single income
Achievement of the goal of investors
Asset allocation
Gather client data

Avoid telling as client will be dishearted

Asset Allocation
Providing for daughter marriage
FALSE
FALSE
Financial Goal
Avoid telling as client will be disheartened

FALSE
FALSE
FALSE
FALSE
FALSE
Liquid
100-age
Strategic portfolio.
Risk profile, portfolio construction, fund allocation.
Investing according to Market
Age of Client
70%
`65:35
Liquid Fund
Liquid
Fixed Asset Allocationen
FALSE
Balance fund
FALSE
>5
 C
A fixed term bank deposit

Value , Growth
Trust

pool of investment managers

Growth fund
Both
debt fund
growth fund
by listing MF in stock exchange

Both
None

A pool of investment managers

Fixed NAV
Index fund

Deposits
Provide risk cover
Gold

Less then 1 year maturity

Society
Partnership firms.
Investors can buy of sell units on stock exchanges at price that
closely track valuation at that time.
1970
both
Sector Fund
TRUSTEE
Banker
AMFI
40.00%
last 3 years
Distribution
AMC
Employees of AMC
Promoter of a company
RTA
AMC

RBI
0.06
R&T
Are included in SAI
Security transaction through associated broker
Settling investors transaction of fund
Promoter of a company

SEBI
Custodian
AMC
Sponsor

bank
Keeping the interest of all unit holders
AMC
insurance companies
R&T

Internal Audit Team

AMFI
Every 12 months
BSE
AMC
10
NISM
Govt

Investment Objective
Sue the MF or Trust
SEBI

Balance fund

Terms & Conditions

Retail individual

retail individual class

RBI

after 10 pm same day

Liquid Fund
equally for all holders
On-line purchase and sells of units
Annual Report
Gives Fund suggestion
portfolio of scheme

Gets remedy from AMC

once in a year
application form
Whenever material changes take place
MIN

SAI
Risk profile of the scheme
Expense and Load structure of scheme
20 days
OD
Once a year
21 days
Purchase
0.4
More than NAV
15
At price decided by fund managers
12 months

Dispatch product literature

regular monitoring investment

Only cheque
30
Updation in KIM
Both

Once in year
OD
45 days

AMC and Trustee

Varies to fund to fund

Scheme information document

Load
Statement of additional information
Investment Pattern
To report the performance of scheme

SID
Salary
Listed on stock exchange
Bank

IFA
Trail

Broking company
Share in AMC's profit
10 yrs
AMC may allow or disallow

Distributors get upfront and trail on self business

R&T Agents,
Both
20.00%

15.15
33%
Varies from investor to investor
Liquid fund
Quarterly
Previous day
previous day closing value
tomorrow
Same day NAV
mid night
0.25 percentage
in units or amounts
Equity Schemes
15.25
location code
New client acquisition
50
Fees of custodian
Insufficient Data

1200
Unsystematic Risk
Active Fund
17.86
2.00%

213.33

8000
1.25%
Market Value of Portfolio

0.02%
0.13
0.75%
15.5
General Administration Expenses
Income Fund
Earlier Day NAV
realized & non realized profit
3.33
High return

purchase and redemption

Size of Portfolio
1
Insufficient Data
6 months
Dividend reinvest
Portfolio composition
Earlier day Nav

10.38%

3600
Meeting sales and distribution expenses
Marketing and selling fee
Redemption
of equity fund
Decrease gradually every day
10.38%

50000 and above

Sole proprietorship firm
Corporate institution & trust.

Additional Purchase
Previous day NAV

If investor is a minor, KYC should be of his guardian even for a

single rupee investment

Previous day closing NAV

Same days closing NAV

Previous Days NAV

NAV of Next Business Day

Only Purchase requisite form
Bank Distributors Branch

SWIFT
Foreign Citizens
Cash
MIN + Folio
Single point for portfolio valuation
Prescribed by SEBI
KYC
SWIFT
AMC
Any Amount

Stock Exchange
Minor & Senior Citizen
Serial No
Foreign Citizens
Yesterday
by trustee
Additional purchase
OCB
Both

Mode of holding

PAN card
Photo id proof
Driving license
NRI

Better than benchmark return

compounded return
((End Value/Start Value)^(1/(Periods - 1)) -1
Treynor
10% or 20% with indexation

neither risky nor profitable.

investment objective

specific to a scheme
Market capitalization and dividend
Sharpe's Ratio
book value analysis
Absolute return
more than 1
EPS
Treynor
A = P / (1+r) ^ (1/n) 1
Standard Deviation
Compounding method with interest rate

Beta
Systematic

Diversified debt fund

Tracking error

BSE 500
Gold

Historic EPS
Index Fund
Sector
Euro Becomes Weak
Portfolio re balancing
not relevant to investor
YTM
Certificate of Deposit
Anytime
total return
credit rating

8.00 Percentage
index stock
Less than 1
Equity growth Fund
Both
Investment Policy
Both

Highest Performance

Balance fund Debt oriented

Gold Future
Income fund
Real Estate Fund
Equal than direct in scheme

Index fund

Both
G-securities
NBFC
shares of gold mining company
Gold

YTM
PFRDA
IRR goes down
Both
8.50 Percentage
Real Estate
Both
It has maturity
gold ETF
Govt. Sec.
Debentures
Less Safe
8.00%
Premium can be shown as exp
Tier III
Real Estate
Bank deposit
Energy

More than 1 lac

70000
Half yearly Compounded interest
Debt
Real Estate
Tier III
Nomination
spices
pre-retirement
Tax liability of investors
Scheme selection
Define client goals

Avoid telling as he may loss the client

Scheme selection
Shifting of job for higher income

Appreciation
Avoid telling as he may loss the client

Equity
age-100
fixed portfolio
Portfolio construction,risk profile, fund allocation.
Investing to different assets
Risk Appetite
50%
`100:00
High Yield Bond Fund
Gold
Flexible Asset Allocation

Equity fund

Not more than 2

 D ANSWER Chapter No
A fixed term corporate bond B 1 Y
A 1 Y
A 1 Y
Growth , momentum C 1 N
NBFC C 1 Y
A 1 N
pool of investment money D 1 Y
B&C D 1 Y
None of the above. A 1 N
share of gold mining companies C 1 Y
gilt fund C 1 Y
C 1 Y
B 1 Y
B 1 Y
A 1 Y
Both A 1 N
B 1 Y
A pool of investment fund D 1 Y
Assured Dividend B 1 Y
Gilt fund. A 1 Y
B 1 Y
None of the above A 1 Y
Reduce storage cost and risk D 1 Y
Debt A 1 Y
A 1 Y
A 1 Y
More then 1 year maturity A 1 Y
None of the above A 1 Y
NGO B 1 Y
ETF offer tax benefits. C 1 Y
1994 A 1 Y
None of the above A 1 Y
Thematic Fund A 1 Y
AMC A 2 Y
AMC B 2 Y
All of the above A 2 Y
25.00% C 2 Y
last year A 2 N
fund management A 2 Y
R&T C 2 N
All of the above C 2 N
CEO of a company C 2 Y
All of the Above D 2 Y
Distributor C 2 N
A 2 Y
Stock exchange B 2 N
0.0525 A 2 Y
Broker A 2 Y
Are not relevant so not disclosed B 2 N
Distributor of MF through sponsor and B 2 Y
AMC
Calculation of NAV D 2 Y
CEO C 2 Y
B 2 Y
A 2 Y
AMC B 2 N
Sponsor C 2 Y
trustee A 2 Y
AMC A 3 Y
A 3 N
A 3 Y
A 3 Y
IFA B 3 Y
All of the above A 3 Y
none of the above A 3 Y
NBFC A 3 Y
Distributor C 3 Y
B 3 Y
Trustee. B 3 N
None of the above A 3 N
None of the above B 3 Y
RBI C 3 Y
None of above. D 3 Y
30 D 3 Y
AMFI D 3 Y
All of the above B 3 Y
A 3 N
Investment Strategy C 3 Y
 B 3 Y
Assured return even if there is no guarantee A 3 Y
NISM B 3 Y

Debt Fund C 3 Y

Non of the above A 3 N

B 3 N

Institutional unit holders B 3 3Y

None of above B 3 Y
B 3 Y
B 3 Y
SEBI C 3 N

Before 9 pm following day B 3 Y

B 3 N
B 3 N
Income Fund B 3 Y
In proportion of holding D 3 Y
Dispatch of dividend within 30 days C 3 Y
Memorandum and Articles of Association A 4 Y
None of the above A 4 Y
None of the above. A 4 N

gets remedy from NSE B 4 Y

once in two year C 4 Y
neither a nor b C 4 Y
Once in two year C 4 Y
SIN A 4 Y
B 4 N
KIM sumarry of SAI + SID. B 4 Y
Opening and closing dates of NFO C 4 N
Due diligence certificate of AMC B 4 N
30 days A 4 Y
SID+SAI D 4 Y
No need to update it C 4 Y
30 days B 4 N
Re-Purchase A 4 Y
0.1 B 4 N
Units cannot be purchased D 4 Y
30 C 4 Y
Not allowed A 4 Y
3 financial year B 4 Y
A 4 N
A 4 Y
Printing KIM and application form B 4 Y
awareness of risk factors B 4 Y
A 4 Y
None of the above B 4 Y
50 A 4 Y
None of above A 4 N
none of the above B 4 Y
A 4 Y
weekly C 4 Y
All of above D 4 Y
Forever A 4 Y
B 4 Y
Custodian C 4 Y
B 4 Y
By Stock Exchange A 4 Y
A 4 Y
Attendum C 4 Y
None of above B 4 Y
Key information of memorandum D 4 Y
Type of risk profile D 4 N
To give investors information about scheme D 4 N

All of above D 4 N
All of the above A 5 Y
All of Above B 5 Y
IFA D 5 Y
A 5 Y
B 5 Y
Distribution companies D 5 Y
AUM Retention Fee A 5 Y
A 5 N
IFA D 5 Y
Commission D 5 Y
investors stay invested D 5 Y
All of above A 5 Y

A 5 Y
B 5 N
A 5 Y
A 5 N
Distributors do not get upfront and trail on D 5 Y
self business.
Custodian C 5 Y
None of the above B 5 Y
No tax A 6 Y
B 6 Y
15.5 A 6 N
Tax Free D 6 Y
Varies from scheme to scheme. D 6 Y
Active fund. D 6 Y
once in financial year. A 6 6Y
none of the above B 6 N
next day closing value B 6 Y
NAV of fund realization date C 6 N
NAV of fund realization date C 6 N
next day morning B 6 Y
none of the above A 6 N
in amount only D 6 N
All of Above D 6 Y
15.65 B 6 N
all of the above D 6 Y
None of the above A 6 Y
100 A 6 Y
General administration expense of AMC A 6 N
1000 C 6 N

Cant Say B 6 Y
A 6 Y
Passive Fund C 6 Y
16.13 D 6 Y
1.75% A 6 Y

None of above. A 6 N

Depends on NAV B 6 Y
2.50% D 6 Y
Size of Fund C 6 N
A 6 N
0.25% D 6 N
0.1 A 6 Y
1.50% B 6 N
15.15 B 6 Y
Fees of Custodian D 6 Y
Balance Fund A 6 Y
Same day NAV C 6 N
none of the above A 6 Y
5 C 6 Y
Non Performance A 6 Y
B 6 Y
Purchase B 6 Y
A 6 Y
Market value of the portfolio D 6 Y
data insufficient B 6 Y
3.6 D 6 Y
9 months B 6 N
Capital gain D 6 N
Stock market conditions A 6 N
Same day nav A 6 N

A 6 Y

30.00% A 6 N

depends on NAV B 6 Y
Can not utilize the Fund C 6 Y
All of above D 6 Y
All of above C 6 Y
Be volatile in long-term B 6 Y
30.00% A 6 N
B 7 Y
first time investment A 7 Y
All of the above. D 7 Y
none of the above D 7 Y
B 7 Y
All of the Above B 7 N
Closing NAV of the day preceding next
B 7
business day

KYC is not at all required for minors C 7 Y

Next Day NAV B 7 Y

Previous days closing NAV D 7 N

Current NAV B 7 N

Same day NAV C 7 N

A 7 Y
AMC offices declared as point of D 7 Y
acceptance
A 7 Y
RTGS D 7 Y
Provident Fund C 7 N
Bankers cheque C 7 Y
B 7 Y
All of the above D 7 Y
Different from AMC to AMC C 7 Y
Folio B 7 N
All of the above C 7 Y
Distributor B 7 N
100K C 7 Y
B 7 N
Member D 7 N
Non of above D 7 Y
All of the above D 7 Y
Provident Fund A 7 N
Non of the above A 7
Prescribed by SEBI B 7
All of above D 7
Foreign Nationals B 7
None of the above A 7
A 7
PAN A 7
A 7
Authorized signatory list A 7
All of above D 7
All of the above A 7
HNI A 7

cant say B 8
all of the above C 8
None of above C 8
Beta D 8
insufficient data A 8 8

beta doesn't make any impact on scheme B 8

performance
Ex-mark B 8
A 8
systematic B 8
B 8
Market price and face value B 8
Variance C 8
all of the above. A 8
CAGR D 8
None of the above B 8
Leverage Ration C 8
Beta D 8
A = P / (1+r) ^ n B 8
var B 8
Compounding method with inflation rate C 8

A 8
Any of the above D 8
Specific to all A 8
A 8
Diversified Equity fund A 8
R-Squared C 8
A 8
Mid cap B 8
Art A 8
B 8
Projected EPS C 8
Gilt edge Security B 8
Theme B 8
Steady A 8
Financial Loss D 8
common to all scheme D 8
Avg Maturity A 8
Gilt B 8
<2Yrs A 8
simple annualized return B 8
profit of borrower C 8
A 8
Non of the above B 8
gilt security A 8
 A 8
None of the above A 8
Treasury bills A 8
None of the above C 8
Investment Objective D 9
None of above. A 9
B 9
Best Portfolio C 9
B 9
Aggressive MIP B 9
Jewellery's A 9
liquid Fund A 9
Equity A 9
None B 9
B 9
Gold ETF D 9
A 9
None of the above A 9
None of the above B 9
All of above A 9
all of the above A 10
Real Estate B 10
B 10
Current Yield B 10
None of the above. B 10
YTM goes down B 10
None of the above B 10
9.25 Percentage B 10
Debt B 10
None of the above B 10
Duration is greater than 1 yr A 10
gold D 10
A 10
CP D 10
Lower Return C 10
B 10
8.50% C 10
Premium is volatile C 10
Tier IV B 10
None of the above A 10
None of above. C 10
Art D 10
B 10
None of the above D 10
B 10
75000 C 10
Not Guaranteed by Govt A 10
Real state D 10
Govt Security C 10
Tier IV B 10
redemption A 10
Fibres A 10
young married B 10
investable surplus of the investor B 11
Client selection C 11
Analyse and Evaluate Client's Financial D 11
Status

Increase risk to generate higher return A 11

Client Selection C 11
Providing for foreign study for son C 11
B 11
B 11
Financial Planning B 11
Increase risk to generate higher return and A 11
meet the goal

B 11
B 11
A 11
B 11
A 11
debt C 12
100% B 12
variable portfolio. B 12
Fund allocation. risk profile, portfolio B 12
constructio
investing only in Equity Gold and Silver C 12
All of the above D 12
30% A 12
80:20 D 12
Short Term Plan C 12
None of above. B 12
Tactical Asset Allocation A 12
B 12
Liquid Funds C 12
A 12
>10 C 12