What is the primary reason people might underestimate their future financial needs?

"Poor Planning" "Life Expectancy" "Rising Healthcare Costs" "Improving Lifestyle"

What factor contributes to the increasing need for retirement funds?

"Poor Planning" "Life Expectancy" "Rising Healthcare Costs" "Improving Lifestyle"

Which type of mutual fund pays dividends to investors?

"Growth Mutual Fund" "Dividend Mutual Fund" "Systematic Withdrawal Plan" "Index Fund"

What is a key difference between growth mutual funds and dividend mutual funds?

"Investment style" "Fund manager" "Dividend payments" "Risk level"

Who determines the dividend amount and frequency in a dividend mutual fund?

"The investor" "The fund manager" "A government agency" "The stock market"

What does SWP stand for in the context of mutual funds?

"Systematic Wealth Plan" "Systematic Withdrawal Plan" "Standard Withdrawal Procedure" "Secure Wealth Portfolio"

What is the primary advantage of a Systematic Withdrawal Plan (SWP) over a Dividend Mutual Fund?

"Higher returns" "Fixed regular income" "Lower risk" "Tax-free dividends"

In a Systematic Withdrawal Plan (SWP), what happens when the NAV of the mutual fund is high?

"Fewer units are sold to get the fixed amount" "More units are sold to get the fixed amount" "The withdrawal amount is reduced" "The withdrawal amount is increased"

What is the tax implication for withdrawals from equity mutual funds after one year of investment in an SWP?

"No tax payment required" "Dividend Distribution Tax (DDT) applies" "Capital gains tax is applicable" "Income tax is levied on withdrawals"