n NISM Certifications
X NISM Series X
Medium

Which investment structure offers the highest level of control over investment decisions to the investor?

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Mutual Funds

  2. B

    Alternative Investment Funds

  3. C

    Discretionary Portfolio Management Services

  4. Non-Discretionary Portfolio Management Services

    Correct answer

Why this is the answer

Non-discretionary services require the investor’s approval for each transaction, giving maximum control.

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