n NISM Certifications
X NISM Series X
Medium

The fixed costs paid in a Portfolio Management Scheme depend on which of the following?

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Amount invested

    Correct answer

  2. B

    SEBI rules

  3. C

    Return agreed upon in advance

  4. D

    Profit sharing agreement

Why this is the answer

Fixed costs are typically a percentage of the assets under management, paid regardless of performance.

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