n NISM Certifications
X NISM Series X
Medium

Under the advisory model of PMS, execution is done by:

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. Client

    Correct answer

  2. B

    Adviser

  3. C

    PMS fund manager

  4. D

    None of the above

Why this is the answer

Investors execute transactions based on advice; PMS does not execute on their behalf unless discretionary.

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