What is a key characteristic of the HDFC Cancer Fund? Option: It does not offer tax benefits to investors, It returns the principal to investors every three years, It primarily invests in equity securities, It operates as an open-ended fund

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What is a key characteristic of the HDFC Cancer Fund?

It does not offer tax benefits to investors

It returns the principal to investors every three years

It primarily invests in equity securities

It operates as an open-ended fund

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What is a key feature of ELSS funds?

"They have a mandatory lock-in period of 3 years"

"They are primarily invested in debt instruments"

"They are not subject to market risks"

"They offer guaranteed returns"

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What is the tax treatment of Equity Savings Funds in India?

"They are treated as equity funds for tax purposes"

"They are treated as real estate investments for tax purposes"

"They are exempt from all forms of taxation"

"They are taxed as a combination of debt and gold investments"

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What is the key advantage of ELSS funds in terms of investment duration?

They are entirely risk-free

They offer the highest returns with the shortest lock-in period

They mature within one year

They guarantee a specific rate of return

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Which of the following is a key characteristic of Public Provident Fund (PPF) in India?

"It is a long-term savings scheme with a fixed tenure of 15 years, operated and guaranteed by the Central Government."

"It is primarily designed for short-term investment goals, such as funding a vacation or making a down payment on a car."

"Returns are market-linked and fluctuate based on the performance of underlying assets."

"It offers high liquidity, allowing investors to withdraw funds at any time without penalty."

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How are closed-ended mutual funds taxed in India?

"Closed-ended funds are exempt from taxation."

"Taxation is determined by the investor's individual tax bracket."

"Taxation depends on the fund's asset allocation, specifically the proportion of equity and debt investments."

"All closed-ended funds are taxed at a flat rate."