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Once the money is pooled from the investors, the fund defines the investment objective and strategy of the scheme.
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The NAV of the existing investors in an open‐ended scheme comes down when an investor redeems units.
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Closed‐end funds may be listed on the stock exchange to provide liquidity to investors.
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A mutual fund requires the approval of the trustees only before the scheme is offered to the public.
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The format of the KIM is decided by each fund.
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Liquid funds have stable NAVs because they invest in very ________ paper.
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Income funds have higher interest rate risk because they invest in non‐government securities too.
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FMPs are low risk funds for all investors.
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Mid and small cap funds invest in the shares of middle and small sized companies for the future growth potential.
Question 10 reset
Sector funds are highly diversified funds.

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