NISM 21B Portfolio Managers Exam Notes

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  • Investment Definition: Commitment of savings for future returns.
  • Saving vs. Investment: Saving is income minus expenditure; investment deploys savings.
  • Investment vs. Speculation: Investment uses value analysis; speculation involves risk without research.
  • Investment Objectives: Include capital preservation, capital appreciation, current income, tax saving.
  • Capital Preservation: Minimizes principal loss, ideal for risk-averse investors.

NISM 21B Portfolio Managers

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