Multiple choice

Ex-Marks of an equity fund measures its

  1. performance

  2. risk

  3. both the above

  4. None of the above
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A Correct answer
Explanation

Ex-Marks (excess returns over benchmark) measure a fund's performance relative to its benchmark index. It shows how much value the fund manager added (or lost) compared to the benchmark. It does not directly measure risk - that would be standard deviation, beta, or other risk metrics. Performance measurement is the purpose of Ex-Marks.

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