n NISM Certifications
X NISM Series X
Medium

In discretionary PMS, the portfolio is designed by:

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Portfolio Manager

    Correct answer

  2. B

    Client

  3. C

    Jointly by the Portfolio Manager and Client

  4. D

    Research Analyst

Why this is the answer

Discretionary PMS involves the manager making all investment decisions independently.

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