n NISM Certifications
VII NISM Series VII
Medium

Which portfolio manager manages funds as per client directions?

Practice question from NISM Series VII Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Discretionary Portfolio Manager

  2. Non-Discretionary Portfolio Manager

    Correct answer

  3. C

    Directionless Portfolio Manager

  4. D

    Non-Professional Portfolio Manager

Why this is the answer

Non-discretionary managers execute trades according to client instructions, while discretionary managers act independently.

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