n NISM Certifications
V-A NISM Series V-A
Medium

What is the first step in developing a model portfolio?

Practice question from NISM Series V A - Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Deciding the size of the portfolio

  2. B

    Selection of Mutual Fund schemes

  3. Setting of goals

    Correct answer

  4. D

    None of the above

Why this is the answer

The first step is identifying the investor's investment needs and goals. Other steps include understanding financial products, asset allocation, and selecting mutual fund schemes.

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