Grow India Ltd. has recently launched a Mutual Fund Scheme with the name 'GI Equity Multi Cap Scheme' with following details: Size of the Scheme: ₹200 lakh Face value of the unit: ₹20 Number of the outstanding units: 20
CS Executive · Securities Laws and Capital Markets · PYQS · June 2022
Grow India Ltd. has recently launched a Mutual Fund Scheme with the name 'GI Equity Multi Cap Scheme' with following details: Size of the Scheme: ₹200 lakh Face value of the unit: ₹20 Number of the outstanding units: 20 lakh Market value of the fund's investments receivables: ₹360 lakh Accrued Income: ₹2 lakh Receivables: ₹2 lakh Liabilities: ₹1 lakh Accrued expenses: ₹1 lakh What does an expense ratio contain in a Mutual Fund Scheme?
Answer & Explanation:
Expense Ratio contains: Fees paid to service providers like trustees, Registrar & Transfer Agents, Custodian, Auditor, etc. Asset management expenses Commissions paid to distributors Other selling expenses including advertising expenses Expenses on investor communication, account statements, dividend / redemption cheques / warrants Listing fees and Depository fees Service tax
Topics: Mutual Funds
Related Questions in this Topic
- Based on the following information, determine the NAV of a regular income scheme on per unit basis: Listed sh...
- The investment directly made in a particular share may be riskier for general public. To mitigate this risk, to some ext...
- If the front-end load is 2%, calculate the Public Offer Price of the unit.
- Grow More Fund has a size of ₹ 600 crore with face value of each unit being ₹ 10. The following information has been pro...
- X has made an investment of ₹ 50,000 to buy 5000 units of Philip mutual fund on 4th April, 2021. He decided to sell the ...