IFMP Mutual Fund Distributors Certification (MFDC), Pakistan Practice Questions - IFMP Mutual Fund Distributors Certification (MFDC), Pakistan Exam

A key difference between bank deposits and mutual fund units for a retail saver is that:

Bank deposits are typically a claim on the bank with principal features set by the deposit contract, whereas mutual fund unit value fluctuates with the fund’s net assets Mutual fund units always guarantee principal and a fixed coupon like a current account Bank deposits never pay any return in Pakistan Mutual fund units are illegal for individuals to hold

Correct Answer:

Bank deposits are typically a claim on the bank with principal features set by the deposit contract, whereas mutual fund unit value fluctuates with the fund’s net assets

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