NISM 21B Portfolio Managers Exam Notes

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  • Liquidity Costs: Higher for illiquid assets.
  • Time-Based Rebalancing: Fixed intervals, e.g., quarterly.
  • Threshold-Based Rebalancing: Triggered by deviations.
  • Tolerance Levels: Set deviation limits, e.g., ±10%.
  • Buy-and-Hold Strategy: Passive, allows drift.

NISM 21B Portfolio Managers

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