NISM 21B Portfolio Managers Exam Notes

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  • Money Market Securities: Short-term (≤1 year), e.g., T-bills, commercial papers.
  • Capital Market Securities: Long-term (>1 year), e.g., stocks, bonds.
  • Commodities: Soft (perishable, e.g., wheat) and hard (mined, e.g., gold).
  • Soft Commodities: High volatility, low correlation with stocks/bonds.
  • Hard Commodities: Gold as a safe haven, valued for appreciation.

NISM 21B Portfolio Managers

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