Satellite portfolio

The part invested to take advantage of expected short-term market movements — sector funds when a sector's economics turn favourable, long-term gilt funds when rates are expected to fall, gold funds when inflation or…

This one is not written up yet

The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.

Written up from the same chapter

Fixed Maturity PlanA close-ended debt scheme whose portfolio maturity is aligned to the scheme's own maturity date, so the investor who stays to the end has a reasonably visible outcome — though never a guaranteed one.

Where this is taught

Series V-D · Chapter 12: Mutual Fund Scheme Selectionintroduced here
Series V-A · Chapter 12: Mutual Fund Scheme Selectionintroduced here

Free preparation for NISM Series V-D

Related terms

Tactical asset allocationDeliberately shifting a portfolio away from its strategic target to exploit conditions in particular markets, with the stated aim of improving risk-adjusted return rather than simply chasing return.

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