What is the primary factor that should guide an investor's decision-making process when selecting a mutual fund?

"Expense Ratio" "Lock-In Period" "Investment Goals" "Exit Load"

What is the purpose of benchmarking in mutual fund evaluation?

"To determine the fund's risk profile" "To compare the fund's performance to a set of standards or peers" "To calculate the fund's expense ratio" "To identify the fund's lock-in period"

Which type of mutual fund is generally considered suitable for investors with a low to moderate risk appetite?

"Equity Funds" "Growth Funds" "Index Funds" "Bond or Debt Funds"

What does the Expense Ratio represent in the context of mutual funds?

"The percentage of return generated by the fund" "The fee charged by the fund house for managing the investment" "The risk associated with investing in the fund" "The lock-in period during which funds cannot be withdrawn"

What is the key takeaway for investors when considering the lock-in period of a mutual fund?

"Funds with longer lock-in periods typically have higher returns" "The lock-in period determines the fund's expense ratio" "Investors should align the lock-in period with their investment timeframe and liquidity needs" "Lock-in periods are only applicable to equity funds"