NISM-Series V-A: Mutual Fund Certification Exam Notes

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  • Standard benchmarks for Short-term debt fund - 1 year T-Bill
  • Gold is a truly international asset, whose quality can be objectively measured. The value of gold in India depends on the international price of gold (which is quoted in foreign currency), the exchange rate for converting the currency into Indian rupees, and any duties on the import of gold.
  • Unlike gold, which is a global asset, real estate is a local asset. It cannot be transported - and its value is driven by local factors
  • Sharpe Ratio = (Rs minus Rf) ? Standard Deviation
  • Treynor Ratio = (Rs minus Rf) ? Beta

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