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    NISM XV Mock Test 1
    Question 15 of 100 45:23

    Which of the following is NOT a characteristic of a mutual fund scheme?

    Professional management
    Guaranteed returns
    Diversification
    Liquidity
    QuestAI Assistant

    Can you explain the difference between systematic and unsystematic risk?

    Great question! Systematic risk affects the entire market (like economic changes), while unsystematic risk is specific to individual companies or industries.

    Key difference: Systematic risk cannot be diversified away, but unsystematic risk can be reduced through portfolio diversification.

    Ask anything about this topic...

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    NISM Series XV: Research Analyst

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    NISM Series XA: Investment Advisor

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    NISM Series XB: Investment Advisor

    Mandatory exam for investment advisors

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