NISM PMS Distributors ( NISM 21A ) Certification Exam Notes
Page 39 Of 122
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Bond Options: Add flexibility but increase complexity.
Credit Rating Modifiers: Plus/minus symbols refine rating categories.
Bond Market Liquidity: Varies by issuer and market conditions.
Fixed Income Diversification: Reduces portfolio volatility.
SEBI Regulations: Govern bond issuance and trading.
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