n NISM Certifications
VII NISM Series VII
Medium

Identify the CORRECT statements about Portfolio Management Services (PMS). A. The portfolio manager makes investment decisions on behalf of clients, B. PMS is normally offered to retail investors investing below Rs. 2 Lakhs, C. Brokers must obtain a separate SEBI license to offer PMS

Practice question from NISM Series VII Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    A and B are correct

  2. A and C are correct

    Correct answer

  3. C

    B and C are correct

  4. D

    All A, B and C are correct

Why this is the answer

PMS is typically offered to high net-worth individuals (HNIs). Brokers must have a separate SEBI license to provide PMS.

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NISM Series VII Mock Test 5