Q. Consider the following statements with reference to mutual funds:

Which of the following statements is/are correct?

1 only

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2 only

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Both 1 and 2

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Neither 1 nor 2

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Solution

The correct option is A 1 only
Explanation:

Statement 1 is correct: A mutual fund collects money from investors and invests on their behalf. Mutual funds are considered an ideal investment avenue for regular investors who are less aware of investing surplus funds. They can choose a mutual fund scheme based on their financial goals and start investing to achieve a particular goal.

Statement 2 is incorrect: The Securities and Exchange Board of India (SEBI) has reportedly asked mutual fund companies not to get involved or invest in any type of crypto asset-based investments until the Indian government has come up with cryptocurrency legislation. Currently India lacks a law governing cryptocurrencies directly, although the government is actively working on legislation for regulation of cryptocurrency.

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Q. Consider the following statements with reference to mutual funds: Which of the following statements is/are correct?

Q. Consider the following statements with reference to mutual funds:

Which of the following statements is/are correct?