NISM 21B Portfolio Managers Exam Notes

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  • Mutual Fund Definition: Pools money for diversified investments.
  • Role of Mutual Funds: Provide professional management, diversification.
  • Benefits: Diversification, low costs, regulatory protection.
  • Legal Structure: Trust with sponsor, trustees, AMC, custodian.
  • Sponsor: Establishes fund, appoints trustees.

NISM 21B Portfolio Managers

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