Question
Download Solution PDFWhat are the funds that invest exclusively in government securities?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Guilt fund.
- Gilt funds are the funds that invest exclusively in government securities.
- Gilt funds are debt funds that invest primarily in government securities.
- These funds have no risk of non-payment of interest or principal amount but get affected by interest rate movements as the Government borrowing typically happens to be for a longer duration.
- Tax saving funds are those funds that qualify for tax deductions under Section 80C of the Income Tax Act.
- An index fund is a portfolio of stocks or bonds designed to mimic the composition and performance of a financial market index.
Additional Information
- All types of funds are regulated by the SEBI (Securities Exchange Board of India).
- In 1996, SEBI formulated the Mutual fund regulation.
- The headquarters of SEBI is in Mumbai.
- The Chairman of SEBI is Mr Ajay Tyagi.
Last updated on Jun 19, 2025
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