IMPORTANCE OF WEALTH MANAGEMENT PART II & INVESTMENT MANAGEMENT
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Retail Banking and Wealth Management — JAIIB.
One-liners from this chapter
Free sample — 8 of 66 rapid-fire Q&A cards.
What is the primary goal of wealth management in the context of investment management?
The primary goal is to grow and preserve a client's wealth over time by aligning investment strategies with their financial goals, risk tolerance, and time horizon.
What is 'capital appreciation' as an investment objective in wealth management?
Growth in the value of principal invested over time.
Which regulatory body oversees mutual fund and investment advisory services in India?
SEBI (Securities and Exchange Board of India) regulates mutual funds and investment advisors in India under the SEBI (Investment Advisers) Regulations, 2013.
What is the difference between 'strategic asset allocation' and 'tactical asset allocation'?
Strategic is long-term fixed; tactical is short-term market-driven adjustment.
What is the difference between systematic investment and lump-sum investment in mutual funds?
Systematic Investment Plans (SIPs) involve periodic fixed investments averaging cost over time, while lump-sum investment deploys the entire amount at once, carrying higher timing risk.
What is a 'closed-ended mutual fund' and how does it differ from an open-ended fund?
Fixed corpus with set maturity; traded on stock exchange unlike open-ended.
What does 'asset allocation' mean in investment management?
Asset allocation is the strategic distribution of an investor's portfolio across different asset classes such as equities, debt, real estate, and gold to balance risk and return.
What is 'rupee cost averaging' in the context of systematic investment plans?
Buying more units when prices fall, reducing average cost per unit.
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