NISM Certifications · NISM-Series-X-A: Investment Adviser (Level 1) · Portfolio Manager
Under the SEBI (Portfolio Managers) Regulations, what is the minimum amount a client must bring in when investing with a portfolio manager, for a client who is not an accredited investor?
The minimum investment per client with a portfolio manager is Rs 50 lakh, in funds, securities or both. Accredited investors can be exempted from this minimum, but an ordinary client must meet the Rs 50 lakh threshold set by SEBI.
- ARs 10 lakh
- BRs 25 lakh
- CRs 50 lakhCorrect
- DRs 1 crore
Explanation
SEBI requires a minimum investment of Rs 50 lakh per client with a portfolio manager, either in funds or securities or both. Accredited investors may be exempted from this minimum. Lower figures such as Rs 25 lakh were not the prescribed threshold.
Did you get it right without looking?
One question tells you little. A timed set on Portfolio Manager shows your real accuracy, how long you take and where you lose marks.
More Portfolio Manager questions
- In a discretionary portfolio management service, which statement is correct?
- Mr Iyer invested Rs 1,00,000 with a portfolio manager on 1 April. The portfolio value was Rs 1,20,000 after year 1 and Rs 1,02,000 after yea…
- Which of the following is a feature of a portfolio manager's relationship with the client under the SEBI regulations?
- Ms Rao, a client of a portfolio manager, asks how the manager's fund-related money must be held. Which statement is correct under the SEBI (…
- Mrs. Meera has a PMS portfolio worth Rs 80,00,000 at the start of the year. It grows to Rs 92,00,000 at year end, with no additions or withd…
- A portfolio manager charges a fixed fee of 2% per annum on the average assets under management. A client's average AUM during the year is Rs…