Portfolio Management Services (PMS) Distributors seek to create a common minimum knowledge benchmark for principal officers and other employees of the PMS Firms.

The Present Publication is the May 2023 workbook version, published exclusively by Taxmann for NISM Certification Examination XXI-B [Portfolio Managers], with the following noteworthy features:

• [Know the Basics] of investments, securities markets, investing stocks, understanding fixed income securities, derivatives and mutual funds
• [Understand] the following:
• Indices, the concept of information efficiency, behavioural finance, modern portfolio theory, equity & fixed income portfolio management strategies
• The role of portfolio managers; operational aspects of portfolio management services and the portfolio management process; performance measurement and evaluation of portfolio managers
• [Get Oriented] to the taxation aspects and regulatory, governance and ethical aspects of portfolio managers

The detailed contents of the book are as follows:

• Investments
• Introduction to Securities Markets
• Investing in Stocks
• Investing in Fixed Income Securities
• Derivatives
• Mutual Fund
• Role of Portfolio Managers
• Operational Aspects of Portfolio Managers
• Portfolio Management Process
• Taxation
• Regulatory, Governance and Ethical Aspects of Portfolio Managers
• Introduction to Indices
• Concept of Informational Efficiency
• Behavioural Finance
• Introduction to Modern Portfolio Theory
• Introduction to Capital Market Theory
• Risk
• Equity Portfolio Management Strategies
• Fixed Income Portfolio Management Strategies
• Performance Measurement and Evaluation of Portfolio Managers
• Portfolio Rebalancing