Taxmann’s Securities Markets Foundation by National Institute of Securities Markets (NISM) – January 2024.
Taxmann’s Securities Markets Foundation by National Institute of Securities Markets (NISM) – January 2024.
Description
This book is a comprehensive guide to the Indian securities markets, designed to provide basic knowledge and understanding of the subject. It covers key topics such as:
- Basics of Indian Securities Markets
- Processes involved in Primary & Secondary markets
- Schemes and products in Mutual Funds and Derivatives Markets in India
- Financial Planning Process
The book is particularly tailored for entry-level professionals aiming for a career in securities markets and individuals from various backgrounds, such as employees in securities, other professionals, students, homemakers, and teachers, who are keen on acquiring a basic understanding of the Indian Securities markets.
The Present Publication is the November 2023 workbook version, published exclusively by Taxmann for NISM Certification Examination XII | Securities Markets Foundation, with the following noteworthy features:
- [Know] the following:
- Basics of the Indian Securities Market
- Various Processes Involved in Primary and Secondary Markets
- [Understand] the Schemes and Products in Mutual Funds and Derivatives Markets
The detailed contents of the book are as follows:
- Understanding Securities Markets and Performance
- This chapter introduces the concept of securities markets, detailing their structure and the various participants involved
- It explores the role of securities markets in the financial ecosystem
- A special focus is given to the technological advancements that have impacted the securities market
- Securities: Types, Features and Concepts of Asset Allocation and Investing
- An extensive overview of the different types of securities available in the market
- It discusses the choices between equity and debt financing for issuers and the characteristics and roles of each
- The chapter delves into hybrid instruments, commodities as an asset class, and derivatives
- It also covers asset allocation, diversification, and the investment process in both equity and debt securities
- Primary Markets
- This chapter defines primary markets and their functions, comparing them with secondary markets
- It outlines the various intermediaries, types of issues, issuers, and investors in the primary market
- Regulatory frameworks, public issue processes for equities and debt securities, and private placements are also discussed
- Secondary Markets
- Focuses on the role and function of secondary markets and the different types available for various securities
- Details the market structure, participants, brokers, trade execution, clearing, and settlement of trades
- It also touches upon market information and regulation, risk management systems, and trading and reporting for debt securities
- Mutual Funds
- Provides a detailed explanation of mutual funds, their types, and related terms and concepts
- Differentiates between open-ended and closed-ended mutual fund schemes
- Discusses investment approaches, processes for investing in mutual funds, and systematic transactions
- It also includes information on the benefits, costs, regulations, and investor service standards in mutual funds
- Derivatives Markets
- Covers the basics of derivatives, underlying concepts, and the various types of derivative products
- Explores the structure of derivative markets, trading and settlement processes, and risk management
- Concludes with the application of derivatives in risk management and market indicators
NISM is a leading provider of high-end professional education, certifications, training and research in financial markets. NISM Certification programs aim to enhance the quality and standards of professionals employees in various segments of financial services sector. NISM’s School of Certification of Intermediaries (SCI) develops and conducts certification examinations and Continuous Professional Education (CPE) programs that aim to ensure that professional meet the defined minimum common knowledge benchmark for various critical market functions like:
- Mutual Funds
- Equities
- Derivatives
- Securities Operations
- Compliance
- Research Analysis
- Investment Advice
These Certifications and CPE Programs are being developed and administered by NISM as mandated under ‘Securities and Exchange Board of India (Certification of Associated Persons in the Securities Market) Regulations, 2007’. The Certifications creates quality market professionals and catalyzes greater investor participating in the markets. Certifications also provides structured career paths to students and job aspirants in the securities market.
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