Multiple choice

Generally, which categories of investors are less aware about mutual funds and hence, need more advice?

  1. Non Banking Finance Companies

  2. Insurance Companies

  3. Foreign Institutional Investors

  4. Individuals
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Individual retail investors typically have lower financial literacy compared to institutional investors like NBFCs, insurance companies, or FIIs. Individuals require more advice and education about mutual fund features, risks, and suitability.

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