Mutual Funds and SIPs in India: Checkpoint 1

Quick checkpoint - five questions on mutual funds and sips in india.

Question 1 of 5 Who regulates mutual funds in India?

RBI SEBI CCI IRDAI

AMFI is the industry body.

Question 2 of 5 What does SIP stand for?

Systematic Investment Plan Standard Income Payment Stock Index Plan Simple Interest Product

It invests a fixed sum regularly.

Question 3 of 5 Which plan usually has a lower expense ratio?

Regular plan Neither has fees Direct plan Both are identical

It has no distributor commission.

Question 4 of 5 What is the lock-in period for ELSS?

Ten years Three years One month None

It qualifies for tax deduction under the old regime.

Question 5 of 5 Which fund house closed six debt schemes in 2020?

HDFC SBI ICICI Prudential Franklin Templeton

It was due to a liquidity crunch.

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