Q1.
Which of the following returns are REQUIRED to be announced for periods shorter than a year?
Q2.
The simplistic approach of including the dividend component in the scheme return is called total return.
Q3.
Calculating the _____ based on the NAV of the growth option of a scheme is a superior approach as compared to the _____ calculation for the dividend option of the same scheme.
Q4.
In which of the following the mutual fund has to add an asterisk after the mutualised return and then disclose the period to which the return pertains to?
Q5.
While announcing their returns for periods shorter than a year, liquid schemes are never permitted to use annualised return.
Q6.
Which of the following is the SEBI-prescribed method of disclosing returns, by all schemes for time periods longer than a year?
Q7.
In CAGR, the dividends declared during the period are presumed to have been re-invested in the same scheme at the ex-dividend NAV.
Q8.
Which of the following represents CAGR?
Q9.
For a period of 500 days, the growth option of a scheme has gone up from Rs. 12 to Rs. 18. What is the CAGR?
Q10.
On Jan 1, 2012, an investor bought 110 units at Rs. 10 per unit. On April 1, 2012 the scheme declared a dividend of Rs.1 and the ex-dividend NAV of the scheme became Rs.11. What is the new unit holding if the dividend is re-invested in the scheme?
Q11.
The load adjusted return on sale of units by an investor would be lower than the actual return on account of:
Q12.
An investor had bought 100 units at Rs. 10. After the dividend declaration, his new holding becomes 110 units at ex dividend NAV of Rs. 11. The period of holding is 500 days. If an exit load of 1% is chargeable, what would be the CAGR?
Q13.
The re-investment assumption of CAGR and MS excel function XIRR is the same.
Q14.
Official documents of the scheme disclose the ____.
Q15.
The more commonly approach used by the market for calculating return is
Q16.
Which of the following is not a measure of risk?
Q17.
Which of the following can be used for all scheme types?
Q18.
Lower the standard deviation, more risky the scheme is.
Q19.
______ is a measure of total risk in the scheme.
Q20.
For calculating the standard deviation for daily returns, the standard deviation would be multiplied by sqrt (___).
Q22.
Index funds typically have a beta closer to:
Q23.
A scheme that is less risky than the benchmark would have a beta:
Q24.
Sensex is usually used as the benchmark for calculating beta.
Q25.
Standard deviation represents:
Q26.
Comparison of a scheme’s returns, relative to its benchmark, is called:
Q27.
Which of the following is a good benchmark for diversified equity portfolio, especially those that focus on large companies?
Q28.
Which of the following has to be disclosed when the scheme has been in existence for more than 3 years?
Q29.
When a scheme’s return is better than that of its benchmark, it is said to have ______ its benchmark.
Q30.
Where the scheme has been in existence for more than one year but less than three years, past performance should not be provided.
Q31.
In case the number of schemes managed by a fund manager is more than six, then the AMC may disclose the total number of schemes managed by that fund manager along with the performance data of top ___ and bottom ____ scheme/s managed by that fund manager in all performance related advertisement.
Q32.
Which of the following ratios are risk adjusted return ratios?
Q33.
(Scheme return –risk free return)/ std deviation represents:
Q34.
(Scheme return –risk free return)/ beta represents:
Q35.
(Scheme return –risk free return)/ downside deviation represents:
Q36.
Which of the following is measure of outperformance?
Q37.
Which of the following ratios can be used for all types of mutual fund schemes?
Q38.
(Actual return-expected return)/ std. Deviation represents:
Q39.
Jensen’s alpha/ non systematic risk represents:
Q40.
The return of a scheme was 30% and risk free return is 8%. The standard deviation is 5. The beta of the scheme is 1.5. The expected return of the scheme was 25%. What is the Sharpe ratio?
Q41.
The return of a scheme was 30% and risk free return is 8%. The standard deviation is 5. The beta of the scheme is 1.5. The expected return of the scheme was 25%. What is the Treynor ratio?
Q42.
The return of a scheme was 30% and risk free return is 8%. The standard deviation is 5. The beta of the scheme is 1.5. The expected return of the scheme was 25%. What is the Jensen’s alpha?
Q43.
In which approach the scheme return is adjusted to reflect the difference in standard deviation between the scheme and the market?
Q44.
Higher the Sharpe ratio, better the scheme has performed.
Q45.
If the M^2 is more than the market return, the scheme has underperformed.
Q46.
Investment decisions should be based solely on the quantitative evaluation.
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