NISM 21B Portfolio Managers Exam Notes

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  • Prohibited Activities: Borrowing, speculative trading.
  • Custodian Role: Holds client securities, ensures safekeeping.
  • PMS vs. Mutual Funds: PMS offers customization, higher minimums.
  • PMS vs. AIF: PMS for individuals, AIF for pooled funds.
  • Due Diligence: Ensures client suitability, compliance.

NISM 21B Portfolio Managers

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