📘 Portfolio Management Services (PMS) Distributors | March 2025 Edition
✒️ Authored by Dr. Rachana Baid, Dr. Kameshwar Rao & Dr. Kishore Rathi | Published by Taxmann in collaboration with NISM

This comprehensive workbook is aligned with the NISM-Series-XXI-A: PMS Distributors Certification Exam, offering a complete learning resource for professionals entering or operating in the Portfolio Management Services (PMS) distribution space.

📚 Key Features:

✅ As per SEBI’s Prescribed Syllabus – Structured to meet certification and regulatory benchmarks
✅ Practical + Theoretical Coverage – From investment fundamentals to compliance requirements
✅ Lucid Explanations – Enhanced with real-life examples, diagrams, & MCQs for effective learning
✅ Expertly Authored – Developed by NISM & reviewed by academicians and industry professionals
✅ Step-by-Step Operational Guidance – Onboarding clients, disclosures, redressal, reporting, etc.
✅ Focused on Ethics & Governance – Including anti-money laundering, insider trading, and SEBI PMS regulations
✅ Ideal Exam Companion – End-of-chapter summaries, MCQs, and caselets for revision & practice

👥 Ideal For:

• Aspiring PMS Distributors

• Employees of Portfolio Managers, Brokers & Wealth Firms

• Financial Advisors & Investment Professionals

• Students & Researchers of Finance/Capital Markets

🧠 Coverage Includes:

• Investment Basics

• Securities Market Structure

• Equity, Bonds & Derivatives

• Mutual Funds vs PMS

• Role & Operation of Portfolio Managers

• Performance Evaluation Techniques

• Portfolio Strategy & Asset Allocation

• Taxation on PMS Returns

• SEBI (Portfolio Managers) Regulations, 2020

• Ethical Standards & Compliance Practices

🎯 Your go-to preparation guide for the NISM PMS Distributors Exam and a practical manual for mastering portfolio distribution in India’s dynamic financial landscape.