NISM PMS Distributors ( NISM 21A ) Certification Exam Notes

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  • Performance Fees: Charged on gains above hurdle rate or high water mark.
  • Hurdle Rate: Minimum return threshold for performance fee eligibility.
  • High Water Mark: Ensures fees only on new profits, not recovered losses.
  • Peer Group Analysis: Compares performance with similar portfolios.
  • SEBI Regulations: Mandate standardized performance reporting.

NISM PMS Distributors ( NISM 21A )

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