NISM-Series-XV: Research Analyst Certification Examination
The Certification 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, engaged in Preparation and/or publication of research report or research analysis.
- Know the basics of Indian Securities Markets and different terminologies used in equity and debt markets
- Learn about the top down and bottom up approach to fundamental research
- Know the basic principles for micro and macro-economic analysis, the sources of different
information for analysis and the various macroeconomic variables affecting the analysis.
- Know the key industry drivers and sources of information for industry analysis.
- Understand about the Qualitative and Quantitative dimensions with regards to Company
- Learn about the Fundamentals of Risk and Return, Valuation Principles and the philosophy
of various Corporate Actions.
- Understand the qualities of a good research report.
Duration 32 hours
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 – QUALITATIVE DIMENSIONS
CHAPTER 8: COMPANY ANALYSIS – QUANTITATIVE DIMENSIONS
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
National Institute of Securities Markets (NISM) Certification Examination for Mutual Fund Distributors.
About the Certification Examination for Mutual Fund Distributors
The examination seeks to create a common minimum knowledge benchmark for all persons involved in selling and distributing mutual funds including:
Individual Mutual Fund Distributors
Employees of organizations engaged in sales and distribution of Mutual Funds
Employees of Asset Management Companies especially persons engaged in sales and distribution of Mutual Funds
The certification aims to enhance the quality of sales, distribution and related support services in the mutual fund industry.
On successful completion of the examination, the candidate should:
Know the basics of mutual funds, their role and structure, different kinds of mutual fund schemes and their features. Understand how mutual funds are distributed in the market-place, how schemes are to be evaluated, and how suitable products and services can be recommended to investors and prospective investors in the market.
Get oriented to the legalities, accounting, valuation and taxation aspects underlying mutual funds and their distribution.
Get acquainted with financial planning as an approach to investing in mutual funds, and an aid for advisors to develop long term relationships with their clients.
Course Duration: 30 hours
Course Assessment Structure
The examination consists of 100 questions of 1 mark each and should be completed in 2 hours. The passing score for the examination is 50 percent. There shall be no negative marking.
CHAPTER 1: CONCEPT AND ROLE OF A MUTUAL FUND
CHAPTER 2: FUND STRUCTURE AND CONSTITUENTS
CHAPTER 3: LEGAL AND REGULATORY ENVIRONMENT
CHAPTER 4: OFFER DOCUMENT
CHAPTER 5: FUND DISTRIBUTION AND CHANNEL MANAGEMENT PRACTICES
CHAPTER 6: ACCOUNTING, VALUATION AND TAXATION
CHAPTER 7: INVESTOR SERVICES
CHAPTER 8: RETURN, RISK AND PERFORMANCE OF FUNDS
CHAPTER 10: SELECTING THE RIGHT INVESTMENT PRODUCTS FOR INVESTORS
CHAPTER 11: HELPING INVESTORS WITH FINANCIAL PLANNING
CHAPTER 12: RECOMMENDING MODEL PORTFOLIOS AND FINANCIAL PLANS