Question

What does a mutual fund scheme represent in terms of asset classes?

a.

An independent asset class

b.

A diversified asset class

c.

A pass-through vehicle for investment

d.

A separate asset class

Answer: (c).A pass-through vehicle for investment Explanation:A mutual fund scheme is more like a pass-through vehicle for investment in an asset class.

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Q. What does a mutual fund scheme represent in terms of asset classes?

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