Economics · Financial Markets & Mutual Funds
Consider the following statements regarding mutual funds in India: Statement 1: For Open-Ended Mutual Fund schemes, the purchase and redemption price is always exactly equal to the Net Asset Value (NAV) without any exit load restrictions. Statement 2: A key role mandated for Mutual Funds is to provide investment options that guarantee returns above commercial bank Fixed Deposit (FD) rates. Which of the following is correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both Statement 1 and Statement 2 are correct
- 2Only Statement 2 is correct
- 3Statement 1 is correct, but Statement 2 is incorrect
- 4Both Statement 1 and Statement 2 are incorrect✓
Correct answer
Both Statement 1 and Statement 2 are incorrect
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