NISM 5B Mutual Fund Foundation Certification Exam Notes
Page 24 Of 121
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Portfolio Construction: Fund managers construct portfolios based on scheme objectives.
Expense Limits: SEBI caps expenses to ensure cost efficiency for investors.
Market Linkage: Mutual funds provide exposure to securities markets with professional oversight.
Fund Accountability: Trustees and AMCs are accountable for scheme performance and compliance.
Investor Convenience: Mutual funds simplify holding and transacting in securities.
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