NISM PMS Distributors ( NISM 21A ) Certification Exam Notes

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  • Mutual Funds: Pool investor funds for diversified investments, managed by professionals.
  • Portfolio Management Services (PMS): Offer customized investment solutions for high-net-worth individuals.
  • Alternative Investment Funds (AIFs): Invest in non-traditional assets like private equity or hedge funds.
  • AIF Categories: Include Category I (startups, social ventures), Category II (private equity), and Category III (hedge funds).
  • Life-Cycle Savings Pattern: Savings vary across life stages, with surplus often invested for future needs.

NISM PMS Distributors ( NISM 21A )

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