BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following include the primary structure of the Mutual Funds?
A
Open-end funds
B
Unit Investment Trusts
C
Exchange traded Funds
D
All of the Above
Explanation: 

Detailed explanation-1: -Primary structures of mutual funds are open-end funds, closed-end funds, unit investment trusts.

Detailed explanation-2: -What types of mutual funds are there? Most mutual funds fall into one of four main categories – money market funds, bond funds, stock funds, and target date funds.

Detailed explanation-3: -The structure of mutual funds in India is a three-tier one with few other significant components. The three-tier structure comprises the fund sponsor, trustees and the asset management company. Not only different banks or AMCs create or float mutual fund schemes.

Detailed explanation-4: -Mutual funds are broadly categorised into four different kinds based on the asset class that they invest in-equity funds, fixed income funds, money market funds, and hybrid funds.

Detailed explanation-5: -The SEC is the federal agency responsible for overseeing the securities industry, including the registration and regulation of investment companies, investment advisers and broker-dealers.

There is 1 question to complete.