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Practice free exam-style questions for Mutual Fund Foundation Certification Examination.
For a Mutual Fund Foundation distributor, trail commission is:
For Bharat, IDCW is taxable:
Pritam sells an equity-oriented fund after 10 months with STCG ₹27,000 (post 23 Jul 2024). Tax at 20% is:
Pre-2018 equity MF cost ₹80,000; 31 Jan 2018 value ₹150,000; sold for ₹170,000. Grandfathered taxable LTCG is:
If the portfolio return before expenses is 8% and TER is 0.5%, investor return is closest to:
If monthly expenses are ₹30,000 and inflation is 6% p.a., approximate expenses after 1 year are:
Mutual fund units of consideration ₹80,000 are transferred between demat accounts. Stamp duty at 0.015% is:
Asha bought equity MF in 2017 at ₹80,000; 31 Jan 2018 value ₹1,50,000; sold later for ₹1,70,000. Grandfathered LTCG is:
Qadir held a Foundation-permitted index fund from NAV ₹36 to ₹40. Simple return is:
Units are allotted on:
Rina switches from Scheme A to Scheme B of the same AMC. Tax treatment is:
Same purchase ₹1,00,000, 31 Jan 2018 value ₹2,00,000, sold for ₹2,20,000. Taxable LTCG for grandfathering is:
Uday held a Foundation-permitted index fund from NAV ₹40 to ₹43. Simple return is:
For Samar, IDCW is taxable:
Foundation extra drill 4: A FoF that invests only in equity mutual-fund schemes is taxed as:
GST on the AMC's investment-management fee charged while Lalit is invested is:
Jatin held a Foundation-permitted index fund from NAV ₹29 to ₹36. Simple return is:
For Gauri, IDCW is taxable:
Harish asks whether a liquid fund may hold a 120-day CD. The correct position is:
Farhan's NAV rose from ₹25 to ₹28 in 5 years. CAGR is closest to:
Equity assets represent:
Tracking error is most relevant for:
A cheque for Uday's equity-fund purchase is utilised the next business day before 3 pm. Applicable NAV is:
Chitra submits a liquid-fund purchase at 1:10 pm with funds utilised before cut-off. Applicable NAV is:
Nomination in a single-holder folio:
Zara holds ELSS SIP instalments from Jan, Feb and Mar 2024. Unlock happens:
Yash redeems equity-oriented units worth ₹70,000 to the AMC. STT at 0.001% is:
GST on distributor commission:
Advertisements shall not use:
Resident individual has equity-oriented LTCG of ₹135,000 in a year (post 23 Jul 2024 rules). LTCG tax is:
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