NISM 21B Portfolio Managers Exam Notes

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  • Custodian Role: Ensures securities safekeeping.
  • PMS vs. Mutual Funds: PMS offers customization.
  • PMS vs. AIF: PMS for individuals, AIF for pooled funds.
  • Performance Reporting: Net/gross returns, benchmarks.
  • Compliance Officer: Oversees regulatory adherence.

NISM 21B Portfolio Managers

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