NISM 10A Investment Adviser Level 1 Notes

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  • Direct Access Facility: Allows high-net-worth clients to directly invest in PMS.
  • Performance Disclosure: SEBI mandates transparent reporting of portfolio performance.
  • Client Suitability: PMS targets high-net-worth individuals with complex financial needs.
  • Minimum Investment: Typically higher than mutual funds, often Rs. 50 lakhs.
  • Customization: PMS offers tailored portfolios unlike standardized mutual funds.

NISM 10A NISM Investment Adviser Level 1

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