n NISM Certifications
VII NISM Series VII
Medium

A Non-Discretionary Portfolio Manager manages funds of the client ________.

Practice question from NISM Series VII Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Independently without client interference

  2. As per the client’s directions

    Correct answer

  3. C

    As per his methods if investment exceeds ₹1 crore

  4. D

    As per his methods if investment is below ₹1 crore

Why this is the answer

A Non-Discretionary Portfolio Manager executes transactions only as directed by the client and does not exercise independent discretion.

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