QUIZTest your understanding - Different Types of Mutual Funds
State whether True or False
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All mutual fund schemes invest in equities to give good returns.
Mutual funds have various types of schemes suiting different investors’ risk appetites.
Debt mutual funds usually have low risk as they invest in debt instruments.
Diversified equity mutual funds have low risk and give high returns.
A hybrid / MIP mutual fund scheme is more suitable to a person who has retired.