NISM 21B Portfolio Managers Exam Notes

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  • Risk-Return Relationship: Higher risk demands higher returns.
  • Financial Assets: Claims on future cash flows, e.g., stocks, bonds.
  • Real Assets: Include real estate, gold, commodities; less liquid.
  • Equity Shares: Represent ownership with profit/voting rights.
  • Equity Benefits: Offer time diversification, reducing long-term risk.

NISM 21B Portfolio Managers

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