Question

Of the total amount invested by Vinay Srivastava, what is the percentage amount invested at the start of 2004 in debt-based mutual funds?

• A. 23.41%
• B. 28.43%
• C. 26.31%
• D. 33.31%

Answer 1

The correct option is C 26.31%

The total amount invested by Vinay Srivastava is 1,000,000 +600,000 (Start of 2004 in debt-based + equity-based funds) + 1,800,000 (start of 2006 in debt-based funds) + 200,000 + 200,000 (start of 2007 and 2008 respectively in debt-based mutual funds). Hence, the required answer will be the percentage equivalent of the ratio $\frac{10}{38}$ = 26.31%.