n NISM Certifications
VII NISM Series VII
Medium

What is the minimum amount a portfolio manager is required to accept from a client while opening an account?

Practice question from NISM Series VII Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Rs 10 lakh

  2. B

    Rs 25 lakh

  3. Rs 50 lakh

    Correct answer

  4. D

    Rs 100 lakh

Why this is the answer

A portfolio manager cannot accept funds or securities worth less than Rs 50 lakh from a client for portfolio management services.

Test yourself for real

Take a full NISM Series VII mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.