QUIZTest your understanding - Key Terms & Concepts
State whether True or False
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An NAV gives the value of each unit of the mutual fund on a daily basis.
An SIP gives investors the option to break down investments into small amounts invested periodically.
AUM and portfolio mean the same thing in a mutual fund.
STP and SWP are the same and are used for switching.
A Systematic Transfer Plan or STP can be used in volatile markets to transfer investments from one asset type to another.