NISM PMS Distributors ( NISM 21A ) Certification Exam Notes

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  • Market Timing: Critical for TAA success but challenging.
  • Portfolio Construction: Balances client goals with market conditions.
  • Investment Knowledge: Influences client’s risk tolerance and strategy.
  • SEBI Guidelines: Ensure performance benchmarking in PMS.
  • Rebalancing Costs: Include brokerage and tax implications.

NISM PMS Distributors ( NISM 21A )

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