What is the primary factor that should guide an investor's decision-making process when selecting a mutual fund? Option: "Exit Load", "Expense Ratio", "Lock-In Period", "Investment Goals"

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

"Exit Load"

"Expense Ratio"

"Lock-In Period"

"Investment Goals"

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What is the primary factor to consider when deciding to invest in a mutual fund?

"Alignment with your portfolio's objectives"

"The fund's expense ratio"

"The fund manager's reputation"

"The fund's past performance"

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What is the most crucial factor to consider when determining your investment objectives for mutual funds?

"Current market trends and predictions"

"Your investment time horizon, risk tolerance, and financial goals"

"Recommendations from friends and family"

"The past performance of specific mutual funds"

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What is the most crucial factor to consider before investing in any type of mutual fund, whether debt or equity?

The fund manager's reputation

Current market trends and economic conditions

Your own risk appetite and investment goals

Past performance of the fund

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What is a key consideration for investors regarding the fees associated with mutual funds?

Investors should prioritize funds with the highest fees as they indicate better performance

Mutual funds are legally required to operate without any fees or expenses

Fees are irrelevant as they are automatically deducted from investment returns

Investors should compare expense ratios and choose funds with reasonable fees

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What crucial advice does the article offer regarding mutual fund selection?

"Choose funds solely based on popularity and brand name"

"Invest in funds with guaranteed returns"

"Opt for funds with low expense ratios to maximize returns"

"Prioritize funds with the highest historical returns"