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Description
This workbook has been developed to assist candidates in preparing for NISM-Series-XXI-A: Portfolio Management Services (PMS) Distributors Certification Examination. This examination seeks to create a common minimum knowledge benchmark for distributors of PMS and aims to enhance the quality distribution and related support services in the PMS.
The book covers about basics of investments, securities markets, investing in stocks, fixed income securities, derivatives and mutual funds. This book also provides an understanding about the role of portfolio managers, operational aspects of portfolio management services, the portfolio management process, performance measurement and evaluation of portfolio managers. The taxation, regulatory, governance and ethical aspects of portfolio managers have also been discussed in this workbook.
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Contents
Chapter 1. Investments
Chapter 2. Introduction to Securities Markets
Chapter 3. Investing in Stocks
Chapter 4. Investing in Fixed Income Securities
Chapter 5. Derivatives
Chapter 6. Mutual Fund
Chapter 7. Role of Portfolio Managers
Chapter 8. Operational Aspects of Portfolio Managers
Chapter 9. Portfolio Management Process
Chapter 10. Performance Measurement and Evaluation of Portfolio Managers
Chapter 11. Taxation
Chapter 12. Regulatory, Governance and Ethical Aspects of Portfolio Managers
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Author Details
National Institute of Securities Markets (NISM) is an educational
institution established by the Securities and Exchange Board of India
(SEBI), the securities market regulator, in 2006. The Institute was
established in pursuant to the Union Finance Minister's proposal, in his
2005-06 Budget Speech, to set up an institution 'for teaching and
training intermediaries in the securities markets and promoting
research'.
NISM is committed to its vision 'to lead, catalyze and
deliver educational initiatives to enhance the quality of securities
markets'. The Institute conducts a wide range of capacity building
programmes in securities markets - from basic financial literacy to
full-time post-graduation programmes. The Institute's six Schools of
Excellence, viz., School for Certification of Intermediaries, School for
Securities Education, School for Investor Education and Financial
Literacy, School for Regulatory Studies and Supervision, School for
Corporate Governance and School for Securities Information and Research
upholds NISM's vision and works in synergy towards professionalizing the
markets.
NISM is mandated by SEBI (Certification of Associated
Persons in the Securities Markets) Regulations, 2007 to conduct
certification examinations and continuing professional education
programs for associated persons engaged by an intermediary. NISM also
conducts certification examinations for other regulators like IBBI and
PFRDA. NISM's certifications establish a single market-wide knowledge
benchmark for different functions in the Indian securities market and
enable the associated persons to advance their knowledge and skills.
