NISM 21B Portfolio Managers Exam Notes

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  • Capital Appreciation: Targets portfolio growth, suits long-term risk-tolerant investors.
  • Current Income: Seeks regular dividends/interest, often for retirees.
  • Tax Saving: Investments offering tax deductions/rebates.
  • Required Rate of Return: Combines real risk-free rate, inflation compensation, risk premium.
  • Real Risk-Free Rate: Compensation for delaying consumption, tied to economic growth.

NISM 21B Portfolio Managers

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