Question

How are mutual funds classified according to their investment objectives?

a.

Only into equity-oriented schemes

b.

Only into debt-oriented schemes

c.

Only into income-oriented schemes

d.

Into income-oriented and growth-oriented schemes

Answer: (d).Into income-oriented and growth-oriented schemes Explanation:Classifies mutual funds according to investment objectives into income-oriented schemes and growth-oriented schemes.

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Q. How are mutual funds classified according to their investment objectives?

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