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Description
This workbook has been developed to assist candidates in preparing for
the National Institute of Securities Markets (NISM) Certification
Examination for Research Analyst. NISM-Series-XV: Research Analyst
Certification Examination seeks to create a common minimum knowledge
benchmark for all associated persons registered as Research Analyst
under SEBI (Research Analyst) Regulations, 2014, individuals employed as
research analyst and partners of a Research Analyst.
The book covers
all important topics required to perform research on companies. These
include the basics of Indian Securities Markets, various terminologies
used in the equity and debt markets; top down and bottom up approach to
fundamental research; basic principles for micro and macro economic
analysis and key industry drivers; qualitative and quantitative
dimensions with respect to Company Analysis; Fundamentals of Risk and
Return; Valuation Principles and the philosophy of various Corporate
Actions. The book also covers the essential aspects of writing a good
research report.
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Contents
Chapter 1. Introduction to Research Analyst Profession
Chapter 2. Introduction to Securities Market
Chapter 3. Terminology in Equity and Debt Markets
Chapter 4. Fundamentals of Research
Chapter 5. Economic Analysis
Chapter 6. Industry Analysis
Chapter 7. Company Analysis - Business and Governance
Chapter 8. Company Analysis - Financial Analysis
Chapter 9. Corporate Actions
Chapter 10. Valuation Principles
Chapter 11. Fundamentals of Risk and Return
Chapter 12. Qualities of a good Research Report
Chapter 13. Legal and Regulatory Environment
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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.
