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FREE NISM-Series-XXI -A Portfolio Management (PMS) Mock Test

What are Portfolio Management Services Mock Tests?

A Portfolio Management Services mock test is a valuable tool designed to evaluate your understanding of portfolio management concepts, strategies, and risk assessment. These mock tests are useful for those preparing for PMS exams, who want professional certifications, or who simply want to enhance their skills in managing investment portfolios.

A PMS mock test covers all the essential areas of portfolio management, helping you understand complex topics like asset allocation, risk management, portfolio construction, and performance evaluation. They are designed to mirror the actual portfolio management exam pattern, where you need to make investment decisions based on market conditions, risk appetite, and asset correlations of investors.

PMS mock test also helps in building confidence in your portfolio management skills. You can even evaluate your performance by taking mock tests and can improve your skills. 

Why are we providing a free mock test?

At ZFunds, our mission is to make investment Sahi aur Asaan for every Indian. To achieve this, we provide FREE PMS Mock Tests to empower new distributors with all the resources they need to succeed, without any financial burden. We believe in creating a network of professional Portfolio Managers who can simplify investments for at least 1 crore families across India. 

What is the Portfolio Management Services (PMS) exam?

The Portfolio Management Services (PMS) exam is a certification exam that is designed for individuals who want to specialize in Portfolio Management Services in the financial sector. It ensures that candidates have the knowledge and skills required to manage investor portfolios, including high-net-worth individuals (HNIs) or institutions.

Eligibility Criteria of PMS

The eligibility criteria for taking the Portfolio Management Services (PMS) certification exams, may vary depending on the certificate you opt for. But typically  it includes:

1. Generally, no specific age requirement is there for the portfolio management service certification exam, but candidates must meet the educational and professional requirements set by the certifying body.
2. Candidates should generally have a minimum qualification of Graduation (Bachelor’s degree) in any discipline. In some certifications, you may require a background in Finance, Economics, or related fields.
3. Some advanced certifications may require work experience in the financial services industry, particularly in investment management, portfolio management, or related areas.

Exam Format of PMS

The exam format for Portfolio Management Services (PMS) certification exams generally follows these guidelines:

1. 60–100 Multiple Choice Questions (MCQs) with 4 options to test subject knowledge.
2. The exam usually lasts 1 to 2 hours, depending on the certification.
3. Each question usually carries 1 mark and there is no negative marking for wrong answers, but this can vary depending on the exam body.
4. A minimum of 50% is required to pass the exam, with possible sectional cutoffs in some exams.

Mode to Appear for the PMS Exam

• A person can apply for the PMS Exam in both online and offline mode.
• A person can apply for a PMS Exam in both English and Hindi whichever language he is comfortable with.

Syllabus of PMS exam

The syllabus for PMS certification exams typically covers the following key areas:

CHAPTER 1: INVESTMENTS

• What is Investment?
• Investment versus Speculation
• Investment Objectives
• Estimating the required rate of return
• Types of Risks in Investments
• Types of Investments
• Channels for making investments

CHAPTER 2: INTRODUCTION TO SECURITIES MARKETS

• Securities Market
• Primary and Secondary market
• Market Participants and Their Activities

CHAPTER 3: INVESTING IN STOCKS

• Equity as an investment
• Risks of equity investments
• Diversification of risk in equity investments
• Equity research and stock selection
• Estimation of intrinsic value
• Technical Analysis

CHAPTER 4: INVESTING IN FIXED INCOME SECURITIES

• Overview of Fixed Income Securities
• Bond Characteristics
• Determinants of bond safety
• Valuation of Bonds
• Measuring Price Volatility of Bonds

CHAPTER 5: DERIVATIVES

• Definition of Derivatives
• Types of derivative products
• Structure of derivative markets
• Purpose of Derivatives
• Commodity and Currency Derivatives
• Underlying concepts in derivatives
• Investment in Derivatives in PMS

CHAPTER 6: COLLECTIVE INVESTMENT VEHICLES

• Types of Collective Investment Vehicles
• Legal Structure of Mutual Funds, REITs, InvITs, and AIFs
• Types of Mutual Funds, REITs, InvITs, and AIFs

CHAPTER 7: ROLE OF PORTFOLIO MANAGERS

• Overview of Portfolio Management Services in India
• Types of portfolio management services
• Organizational structure of PMS in India
• General Responsibilities of a Portfolio Manager
• Administration of the investor’s portfolio

CHAPTER 8: OPERATIONAL ASPECTS OF PORTFOLIO MANAGERS

• Entities that can invest in PMS
• Disclosures to the prospective clients
• Process of Onboarding of Clients
• Liability in case of Default
• Redressal of investors grievances
• Disclosures to the regulator
• Costs, expenses, and fees of investing in PMS
• Performance reporting to the Investor

CHAPTER 9: PORTFOLIO MANAGEMENT PROCESS

• Importance of Asset Allocation Decision
• Understanding correlation across asset classes
• Steps in Portfolio Management Process
• Asset allocation decision
• Rebalancing of Portfolio

CHAPTER 10: PERFORMANCE MEASUREMENT AND EVALUATION OF PORTFOLIO MANAGERS 136

• The rate of return measures
• Risk measures
• Risk-adjusted return
• Performance Evaluation: Benchmarking and peer group analysis
• Performance attribution analysis
• Valuation of Securities by Portfolio Managers
• Due Diligence and Portfolio Manager Selection

CHAPTER 11: TAXATION

• Categories of Investors
• Tax Treatment of Different Asset Classes
• Fees and Expenses – Are They Tax Deductible?
• Tax Reporting and Compliance
• Portfolio Investment Scheme (PIS) for NRIs

CHAPTER 12: REGULATORY, GOVERNANCE, AND ETHICAL ASPECTS OF PORTFOLIO MANAGERS

• Prevention of Money Laundering Act, 2002
• SEBI (Prohibition of Insider Trading) Regulations 2015
• SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003
• SEBI (Portfolio Managers) Regulations, 2020
• Code of Conduct for PMS Distributors
• Investor Charter for Portfolio Management Services

Why choose ZFunds' Free Mock Tests for PMS exam Preparation

Choosing ZFunds for PMS exam preparation offers several advantages. 

✅ 300+ FREE PMS Mock Tests Q&A – ZERO Cost, No Hidden Charges.

✅ 5000+ candidates have cleared their PMS exams with our mock tests.

✅ 50+ Most Repeated Q&A for Exam Practice.

✅ 100% proven success guarantee to boost your confidence.

✅High-quality mock tests and up-to-date mock tests that are designed to mirror the actual PMS exam pattern

✅Videos with detailed explanations and free nism study material for concept clarity.

✅ Attend webinars anytime, anywhere at your convenience.

✅ Lifetime Expert Guidance, whenever you need it.

Pass for Sure with PMS Mock Test

Preparing for the PMS certification exam may seem challenging, but following a step-by-step guide will help you pass for sure with a PMS mock test.

1. Understand the exam format and syllabus thoroughly.
2. Study the different types of portfolio strategies, risk management, and regulatory requirements.
3. Learn the fundamentals of portfolio management, asset classes, and legal guidelines relevant to PMS.
4. Use our study materials provided by different resources. Access multiple free PMS mock tests by Zfunds, solving previous year's question papers to evaluate your preparation level and improve problem-solving skills.
5. Attend workshops and training programs conducted by different institutions to keep yourself updated with market trends and developments.
6. Focus on your mistakes and improve accuracy.
7. Learn time management skills. Stay calm and try to attempt the easy questions first to avoid time delay and errors during the exam.

Conclusion

Preparing for the PMS certification exam is no longer a daunting task with ZFunds’ free PMS Mock test, you can easily pass your PMS exam. Mock tests play a crucial role in building confidence, improving time management, and mastering exam content. ZFunds provides 300+ free mock tests, easy explanations, and unlimited access to the PMS question bank at ZERO cost. Don’t wait any longer, start your preparation today and take advantage of this zero-cost, high-value resource that has helped 5000+ candidates achieve their goals. Get a 100% success guarantee and advance your career in financial services with ZFunds’ comprehensive preparation tools. Start your journey today!