Literacy Test

Test your Financial Literacy with

In today’s world, being literate is not good enough. One has to be financially literate as well to be able to achieve financial goals and to maintain a desired standard of living. Everyone goes through a process of learning both formal and informal as they are ready to face life as an adult. Managing personal finance, planning for the future, and the importance of savings and investments are qualities that every individual has to build in. We all somehow manage our money. We earn, we spend, we save, we invest, and we buy insurance in some form or the other. However, most of the time, it is not optimal. The priorities are misplaced. Conscious efforts are not made to learn and imbibe finance as part of our DNA.

At, we feel everyone must as a first step try and evaluate oneself as to how equipped they are to manage their finances. Formal evaluation of financial literacy will help one with a road map to the efforts one has to make to upgrade the knowledge and skillsets to sensibly manage their personal finance. Hence, before you set your financial goals, you need to evaluate your own self with respect to financial literacy. Let us help you in being prepared for the future. With the help of the online financial literacy test, you have the chance to estimate your level of understanding of the financial market before delving deeper into the practical application of the same. Take the financial literacy test and gauge your ability to ride even the most powerful torrents and trends in volatile markets. With, you can be sure that your financial preparation happens in the most holistic and sinuous way possible.

Objective: To assess the level of conceptual and product understanding of basic personal finance of the participant.

Methodology: Closed-ended, multiple-choice questionnaire designed in sequential method.

Scoring methodology:

  • Each question will have 4 options.
  • The option with the right answer scores 1 point. All other options carry 0 points.
  • The total maximum points are 20.
  • No negative scoring for choosing the wrong answer.
  • All names and situations mentioned in the test questions are hypothetical.
  • The qualifying score is:
    • Pass (qualified as financially literate) 60% i.e. – 12 points
    • Distinction: 80% i.e. – 16 points

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Fees and other financial terms and conditions for investing in stock baskets:

  • The client agrees to pay the fees calculated in the manner and on the rates as provided in the Schedule I.
  • The Basket profits or returns would include any dividends, benefits received out of corporate actions.
  • All the costs, fees, charges as per schedule I and expenses of whatsoever nature incurred by us in connection with the acquisition, holding, sale and transfer, in respect of the dematerialized state charges of the Depository Participant, in respect of Securities shall be paid by the Client.
  • A new separate DP account is required for all investors for the basket investments.
  • For new and existing clients, the Demat account will be used only for equity basket and Investor is free to open separate Demat account for self managed investment.
  • During the course of investment, we will invest as close as possible to the basket amount. Some small surplus to be left due to rounding off that amount will be managed /invest/return to the investor as suitable.
  • The stocks in the basket will be as per the discretion of the ACMIIL. These stocks would be reviewed from time to time and the rebalancing, (if any), of the stocks in the basket would be at the discretion of ACMIIL.
  • You are free to exit basket wise or exit from all basket at any point of time. You are not allowed to selectively exit from any stock or add any stock to the basket.
  • In case of a bank mandate, we will need 20% more mandate of the basket amount as the stock price will fluctuate time to time. The amount taken from bank would be actual value of Basket.
  • The Client agrees that in the event of a dispute, the Claims, if any, by the Client cannot exceed the fees paid by the Client for the year for advisory services in Rupee terms.
  • The client agrees that in case of any dispute, the claim and/or disputes will be referred to arbitration as per the Rules, Bye-laws and Regulations of the Stock Exchange where the trade is executed and the circulars/notices issued there under as may be in force from time to time.
  • As a SEBI registered stock broker, we are permitted to act as an adviser. This product is part of our advisory activity.
  • As a SEBI registered stock broker, we are permitted to act as an adviser. This product is part of our advisory activity.

Schedule I

Fees Structure
Nature of FeesFees
Basket FeesINR 300 per basket + GST (Charged upfront)
Advisory Fees (Second year onwards)2% p.a+ GST (Charged upfront on Basket Value)
Approx Transaction Charges0.13%
Note: In Basket fees and Management Fees, GST will be recovered at the applicable rate.
Transaction charges includes Brokerage, STT, Stock Exchange charges, Stamp duty, SEBI Charges & GST

Fees Structure Example:

Suppose Client A has bought 1 basket for 36 months so he will pay INR 300 per basket as Basket fees for 36 months and from 13th month onwards he will pay Advisory fees for 1st basket as one year ends for the basket. So, after completion of one year the client A has to pay the Basket fees (13th month fresh basket) as well advisory fees (1st basket upfront Advisory fees for second year).

Transaction Charges Includes
STT (Central Govt)0.1% on Transaction Value
Transaction Charges (Stock Exchange)0.0034% on Transaction Value
Stamp Duty & SEBI Charges0.011% on Transaction Value
GST18% on Transaction Charges.
  • I have understood that Investment in securities market is subject to market risk, read all the related documents carefully before investing. Past performance is not indicative of future performance and future results. The recommendations made by ACMIIL could be those that are based on its own research or on the advice of a SEBI registered Investment Adviser.
  • I have understood the equity basket fees terms and other financial conditions and the clarifications required by me. I understand that the investment in Equity basket is subject to risk associated with equity investments. I have understood the investment process and other aspects of the product.
  • I hereby agree to participate.

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