Multiple choice

The mutual fund scheme that provides growth and regular income is called

  1. close–ended scheme

  2. balanced scheme

  3. open-ended scheme

  4. growth scheme
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A combination of growth and income funds, also known as balanced funds, are those that have a mix of goals. They seek to provide investors with current income while still offering the potential for growth.

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