What is the fee charged by mutual funds for their services called?

"Total Expense Ratio (TER)" "Management Expense Ratio (MER)" "Annual Fund Fee (AFF)" "Investment Service Charge (ISC)"

How frequently is the Total Expense Ratio (TER) charged to mutual fund investors?

"Annually" "Monthly" "Daily" "At the time of investment only"

Which of the following plans generally has a lower TER?

"Regular Plan" "Direct Plan" "Premium Plan" "Standard Plan"

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

"Net Asset Price" "Net Asset Value" "Nominal Asset Value" "Notional Asset Price"

Why is the NAV of a direct plan mutual fund typically higher than that of a regular plan for the same fund?

"Direct plans invest in higher-growth assets" "Regular plans have higher marketing and distribution costs" "Direct plans have a longer investment horizon" "Regular plans are subject to higher taxes"