NISM PMS Distributors ( NISM 21A ) Certification Exam Notes

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  • AIFs: Manage sophisticated strategies for high-net-worth investors.
  • Retail Investors: Individuals investing for personal accounts, limited to Rs. 2 lakh in IPOs.
  • Market Liquidity: Provided by market makers quoting bid and ask prices.
  • Securities Definition: Include equities, bonds, derivatives, and mutual fund units.
  • Derivatives: Contracts deriving value from underlying assets like stocks or commodities.

NISM PMS Distributors ( NISM 21A )

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