NISM 21B Portfolio Managers Exam Notes

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  • Jensen’s Alpha: Excess return over CAPM-expected return.
  • Benchmarking: Compares fund to index.
  • Rolling Returns: Average returns over multiple periods.
  • Portfolio Turnover: Frequency of asset replacement.
  • Investor Process: Involves KYC, application, investment.

NISM 21B Portfolio Managers

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