NISM 10A Investment Adviser Level 1 Notes

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  • Advisory PMS: Provides advice without executing transactions, avoiding commissions.
  • PMS Structure: Involves client agreements, custodians, and fund managers for efficient operations.
  • Registration Requirements: SEBI mandates minimum capital and qualifications for portfolio managers.
  • Manager Responsibilities: Include due diligence, client reporting, and performance monitoring.
  • PMS Costs: Include management fees, performance fees, and exit loads, impacting returns.

NISM 10A NISM Investment Adviser Level 1

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