Ch 15: MUTUAL FUNDS — Previous Year Exam Questions (PYQ)
CS Executive
📚 Capital Market & Securities Laws
📖 Ch.15 — MUTUAL FUNDS
⭐ V1: Previous Year Question (PYQ)
⚡ Free Mode (Answers Locked)
⏱ Duration: 54 Mins
🎯 Total Marks: 30
Passed at: 12 Marks
Max Attempts: 10
⚖️ Statutory Applicability: AY 2026-27 & Current Institute Curriculum
Answer ALL questions. Working notes / statutory sections must form part of the answers.
📑 Exam Questions
6 Questions • Total 30 Marks1(a): Key players in Mutual Funds - Sponsor, Asset Management Company, Trustee, Unit holder
5 Marks
(i)
Rakesh has invested ₹ 20,000 in PQR Mutual Fund with entry load 1%.
Find out the Net Asset Value if the number of units purchased was 100.
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1(b): Evaluating performance of Mutual funds - Net Asset Value
5 Marks
“While evaluating the performance of a mutual fund, one must not be led by the
mutual fund return in isolation.” In this context, elucidate how performance of
mutual fund is evaluated ?
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2(a): Key players in Mutual Funds - Sponsor, Asset Management Company, Trustee, Unit holder
5 Marks
The GreenWood Ltd. had launched a scheme named as Malamal scheme. The
scheme entailed a one-time payment of ₹ 10,000 in lieu of a unit of 10 Teakwood
trees with a holding period of 20 years and on maturity, the contributor/investor
have an option to get the teak trees or the realised sale proceeds thereof. The
scheme was launched by the company for two calendar years. Within such
short span of time, the scheme mobilized ₹ 2 crore from 2,000 contributors/
investors. The scheme was being carried on without obtaining registration from
SEBI. Referring to the SEBI Regulations, answer the following :
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2(b): Key players in Mutual Funds - Sponsor, Asset Management Company, Trustee, Unit holder
5 Marks
A Mutual fund has shown Net Asset Value (NAV) of ₹ 11.60 at the commencement
of the year. At the end of the year NAV increases to ₹ 12.50. Meanwhile, the
Fund distributes ₹ 0.75 as dividend and ₹ 0.85 as capital gains.
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Official 4-part guideline answer, ratio decidendi & step-by-step evaluation rubrics are exclusive to Pro Hub members.
3(a): Evaluating performance of Mutual funds - Net Asset Value
5 Marks
Consider a mutual fund that manages a portfolio of securities worth 240 million.
Suppose the fund owes 8 million to its investment advisors and owes another
2 million for wages, rent and another expenses. The fund has 5 million shares
outstanding.
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Official 4-part guideline answer, ratio decidendi & step-by-step evaluation rubrics are exclusive to Pro Hub members.
3(b): Evaluating performance of Mutual funds - Net Asset Value
5 Marks
An investor buy shares in a mutual fund for 400. At the end of the year, the fund
distributes a dividend of 11.20 and after the distribution the net asset value of
a share is 468.80. What would be the investor’s return on the investment ?
🔒 Model Answer & Step-by-Step Marking Rubric
Official 4-part guideline answer, ratio decidendi & step-by-step evaluation rubrics are exclusive to Pro Hub members.
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