n NISM Certifications
X NISM Series X
Medium

In which investment structure does the investor have NO say in how investments are managed?

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 7 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Discretionary Portfolio Management Services

    Correct answer

  2. B

    Non-discretionary Portfolio Management Services

Why this is the answer

In discretionary portfolio management services, the portfolio manager independently makes all investment decisions on behalf of the investor without requiring prior approval.

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