'/><rect width='800' height='360' fill='url(%23dots)'/><g transform='translate(120 80)'><g stroke='%23ffffff' stroke-opacity='0.2' stroke-width='1'><line x1='0' y1='40' x2='560' y2='40'/><line x1='0' y1='100' x2='560' y2='100'/><line x1='0' y1='160' x2='560' y2='160'/></g><g fill='%23ffffff' fill-opacity='0.35'><rect x='10' y='140' width='30' height='40' rx='3'/><rect x='60' y='120' width='30' height='60' rx='3'/><rect x='110' y='100' width='30' height='80' rx='3'/><rect x='160' y='80' width='30' height='100' rx='3'/><rect x='210' y='60' width='30' height='120' rx='3'/><rect x='260' y='40' width='30' height='140' rx='3'/><rect x='310' y='30' width='30' height='150' rx='3'/><rect x='360' y='20' width='30' height='160' rx='3'/></g><path d='M 25 150 Q 125 110 175 95 T 325 35 L 395 15' fill='none' stroke='%23ffffff' stroke-width='5' stroke-linecap='round'/><circle cx='395' cy='15' r='12' fill='%23ffffff'/><circle cx='395' cy='15' r='6' fill='%23FF801E'/><g transform='translate(460 -10)' fill='%23ffffff' fill-opacity='0.85'><path d='M 0 30 L 30 0 L 60 30 L 45 30 L 45 70 L 15 70 L 15 30 Z'/></g></g></svg>)
Options
-
PMS fees
Correct answer
- B
Stamp duty
- C
Securities Transaction Tax
- D
Brokerage
Why this is the answer
Rebalancing costs include transaction costs and taxes such as brokerage, STT, and stamp duty, whereas PMS fees are unrelated to rebalancing activities.
Test yourself for real
Take a full NISM Series X mock test.
Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.