n NISM Certifications
X NISM Series X
Medium

To understand the costs and fees of a Portfolio Management Scheme (PMS), an investor should read the ______.

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. Disclosure document

    Correct answer

  2. B

    Scheme offer document

  3. C

    Scheme Information Document

  4. D

    Fact sheet

Why this is the answer

SEBI requires portfolio managers to provide a disclosure document detailing all fees and charges associated with the PMS before entering into an agreement with the client.

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