NISM 21B Portfolio Managers Exam Notes

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  • Capital Loss: Offsets gains, carried forward 8 years.
  • Short-Term Loss: Offsets STCG, LTCG.
  • Long-Term Loss: Offsets only LTCG.
  • Tax Planning: Aligns investments with tax benefits.
  • Mutual Fund Taxation: Varies by equity/debt, holding period.

NISM 21B Portfolio Managers

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