NISM 21B Portfolio Managers Exam Notes

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  • Bond Safety: Determined by issuer creditworthiness, rated by CRISIL.
  • Investment Grade: Bonds rated BBB or above, low default risk.
  • High Yield Bonds: Below BBB, higher risk/return.
  • Bond Valuation: Present value of future cash flows at yield.
  • Yield to Maturity (YTM): Total return if held to maturity.

NISM 21B Portfolio Managers

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