Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

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Types of Portfolio Management Services – Discretionary | Non-Discretionary | Advisory

PMS is classified three ways in India: by who provides it, by the asset class it invests in, and by how much control the client keeps. The third classification is the one the SEBI regulations turn on.

PMS Fees and Charges – High Water Mark | Hurdle Rate | Exit Load

What a PMS client actually pays, item by item: management fee, custodian fee, brokerage at actuals, the 0.50% operating expense cap, graded exit loads, and how the high water mark and hurdle rate decide whether a performance fee arises at all.

NISM XXI-A Certification – Syllabus | Exam Pattern | Weightages

NISM-Series-XXI-A is the Portfolio Management Services Distributors Certification Examination. Two hours, 100 marks, 60 per cent to pass, with 52 of those marks sitting in four units. Here is the exam pattern, the unit weightages and what the official workbook covers.