NISM PMS Distributors ( NISM 21A ) Certification Exam Notes
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Client Disclosure: Required for derivative positions in PMS.
Arbitrage Mechanism: Balances prices across markets.
Mutual Funds: Pool investor funds for diversified investments, managed professionally.
Diversification Benefit: Reduces risk by spreading investments across multiple securities.
Mutual Fund Types: Include equity funds (growth), debt funds (income), and hybrid funds (balanced).
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