n NISM Certifications
VII NISM Series VII
Medium

The portfolio manager shall not accept from clients, funds or securities worth less than Rs. ______ lakh.

Practice question from NISM Series VII Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    10

  2. B

    25

  3. 50

    Correct answer

  4. D

    100

Why this is the answer

The minimum amount a portfolio manager can accept from a client is Rs. 50 lakh. Only clients with Rs. 50 lakh or more can utilize the services of a portfolio manager.

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