NISM PMS Distributors ( NISM 21A ) Certification Exam Notes

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  • Sector-Specific Risk: Non-systematic risk, diversifiable through portfolio spread.
  • Business Risk: Arises from company-specific operational challenges.
  • Equity Returns: Historically outpace inflation and other asset classes long-term.
  • Beta: Measures a stock’s volatility relative to the market.
  • Diversification: Reduces sector-specific and business risks.

NISM PMS Distributors ( NISM 21A )

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