NISM Series XVII: Retirement Adviser Certification Examination Notes

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  • Tax-Free Bonds: Offer tax-exempt interest, boosting net returns.
  • Fund Expenses: Expense ratios and exit loads reduce net returns.
  • Investment Strategy: Aligns fund choices with accumulation or distribution phases.
  • Market Momentum: Mid-cap funds perform well in bullish markets but fall sharply in downturns.
  • Debt Fund Risks: Long-term debt funds face value declines in rising interest rate scenarios.

NISM 17 Retirement Adviser

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