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103. '' Mutual Funds fulfill most of the financial objectives of the cautious and the avaricious investors .'' In this context , explain the various investment objectives.
Ans: Rationally stating , all personal investing is desigend in order to achieve a goal , which may be tangible (e.g., a car, a house , etc) or intangible (e.g., social status ,security , etc.) Goals can be classified into various types based on the way investors approach them, namely:
a. Near- Term High Priority Goals
b. Long- Term High Priority Goals
c. Low Priority Goals
d. Entrepreneurial or Money Making Goals.