NISM 21B Portfolio Managers Exam Notes

Page 49 Of 168

Go to:

  • Portfolio Manager Definition: Manages client securities/funds.
  • Discretionary PMS: Manager makes independent decisions.
  • Non-Discretionary PMS: Follows client instructions.
  • PMS Agreement: Defines rights, liabilities, obligations.
  • SEBI Regulation: Governs PMS under 2020 regulations.

NISM 21B Portfolio Managers

Copyright 2025 - MODELEXAM MODELEXAM®