Reported uncertainty
% selecting “Not Aware” or the correct response on each knowledge item
Reported knowledge and numeracy — shown as context, not as a literacy score.
553 respondents answered each item. “Selected Not Aware” is an explicit response, not missing data, and not a scored answer — this battery has no documented correct/incorrect key.
Ranks topics by reported uncertainty — never confidence, accuracy, or a literacy score.
A distinct, simple numeracy check — separate from the 9-item knowledge battery, which has no correct-answer key at all. Only “Less than today” is correct — the other answers are shown as given, not merged into one “wrong” group.
Context alongside the knowledge-battery findings.
Findings
The topic with the most reported uncertainty is a general risk-diversification idea, not a mutual-fund-specific mechanic.
The single most-uncertain topic here is about risk across asset classes generally, not something narrowly MF-specific like KYC or demat accounts (both under 15% Not Aware).
Fewer than half of respondents correctly worked out that a return below inflation is a real loss.
Unlike the 9-item battery, this is the one place a response can be scored correct — and fewer than half got it right, pointing to a real numeracy gap on this specific calculation.
Most respondents describe themselves as at least somewhat familiar with stock markets — in tension with the uncertainty shown on the knowledge battery and inflation check above.
Self-rated familiarity is high, but sits alongside under-half correct on the one scoreable numeracy question and high "Not Aware" shares on several battery items — self-assessed and demonstrated understanding tell different stories here.