n NISM Certifications
VII NISM Series VII
Medium

What is the registration fee payable to SEBI by a portfolio manager at the time of obtaining a Portfolio Management Service (PMS) license?

Practice question from NISM Series VII Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Rs. 5 lakh

  2. Rs. 10 lakh

    Correct answer

  3. C

    Rs. 15 lakh

  4. D

    Rs. 25 lakh

Why this is the answer

As per SEBI regulations, every portfolio manager must pay a registration fee of ₹10 lakh at the time of receiving the certificate of registration for offering Portfolio Management Services.

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