Fundamental analysis

NISM-XV: Research Analyst

Course content

Lesson 1: Introduction

1. Introduction - I

9 mins

2. Introduction - II

4 mins

Lesson 2: Introduction to Research Analyst Profession

1. What is a research analyst

22 mins

2. Responsibilities of a research analyst

27 mins

3. Qualities of a research analyst

21 mins

4. Quiz - I

6 mins

Lesson 3: Introduction to Securities Market

1. Introduction

26 mins

2. Key concepts

35 mins

3. Mutual funds

48 mins

4. Hybrid products

28 mins

5. Structure of securities market

27 mins

6. Primary and secondary market

25 mins

7. Risk management

17 mins

8. Market participants - I

18 mins

9. Market participants - II

18 mins

10. Kinds of transactions - I

22 mins

11. Kinds of transactions - II

25 mins

12. Kinds of transactions - III

20 mins

13. Quiz - II

5 mins

Lesson 4: Terminology in Equity and Debt Markets

1. Introduction to equity and debt

19 mins

2. Key equity concepts - I

32 mins

3. Key equity concepts - II

34 mins

4. Key debt concepts - I

22 mins

5. Key debt concepts - II

21 mins

6. Types of bonds - I

23 mins

7. Types of bonds - II

16 mins

8. Types of bonds - III

16 mins

9. Types of bonds - IV

15 mins

10. Summary

13 mins

11. Quiz - III

11 mins

Lesson 5: Fundamentals of Research

1. What is investing

19 mins

2. Key learnings for investors

12 mins

3. Fundamental analysis

20 mins

4. Technical analysis

22 mins

5. Summary

8 mins

6. Quiz - IV

10 mins

Lesson 6: Economic Analysis

1. Economic analysis and principles of microeconomics

17 mins

2. Principles of macroeconomics

11 mins

3. National income

26 mins

4. Savings and consumption

20 mins

5. Unemployment and foreign flow

11 mins

6. Fiscal policy

20 mins

7. General Anti-Avoidance Rules (GAAR)

5 mins

8. Monetary policy

11 mins

9. International trade

6 mins

10. Globalization and sources of information

11 mins

11. Summary

14 mins

12. Quiz - V

8 mins

Lesson 7: Industry Analysis

1. Introduction and role of industry analysis

7 mins

2. What is industry

14 mins

3. Industry cyclicality

6 mins

4. Market size

7 mins

5. Secular trend and value migration

16 mins

6. Business life cycle

9 mins

7. Potter's 5 forces - I

18 mins

8. Potter's 5 forces - II

7 mins

9. Potter's 5 forces - III

8 mins

10. Potter's 5 forces - IV

12 mins

11. PESTLE analysis

18 mins

12. BCG analysis

8 mins

13. Structure Conduct Performance (SCP) Analysis

7 mins

14. KPI Driver

26 mins

15. Regulations

5 mins

16. Taxation

23 mins

17. Summary

8 mins

18. Quiz - VI

9 mins

Lesson 8: Company Analysis – Business and Governance

1. Introduction and role of company analysis

13 mins

2. Understand business and business model

10 mins

3. Pricing power

11 mins

4. Competitive advantages

11 mins

5. SWOT and quality of management

10 mins

6. Risk in business and history of credit rating

11 mins

7. ESG frameworks

9 mins

8. Summary

4 mins

9. Quiz - VII

6 mins

Lesson 9: Company Analysis – Financial Analysis

1. Introduction

21 mins

2. Balance sheet

23 mins

3. Profit and loss statement

24 mins

4. Cash flow statement

17 mins

5. Notes to accounts

12 mins

6. Quality of accounting

5 mins

7. Ratios - I

18 mins

8. Ratios - II

20 mins

9. Forecasting using ratios

6 mins

10. Peer comparison

2 mins

11. Other aspects to study from financial reports

10 mins

12. Dividends and earnings history

11 mins

13. Summary

6 mins

14. Quiz - VIII

5 mins

Lesson 10: Corporate Actions

1. Philosophy and dividends

17 mins

2. Right issues and bonus shares

23 mins

3. Stock split and stock consolidation

16 mins

4. Merger and acquisition

15 mins

5. Loan structuring

10 mins

6. Buyback of shares

19 mins

7. Delisting of shares

10 mins

8. Summary

9 mins

9. Quiz - IX

12 mins

Lesson 11: Valuation Principles

1. Introduction

10 mins

2. Why valuation is required

15 mins

3. DCF - I

19 mins

4. DCF - II

21 mins

5. Price value sense

7 mins

6. Dividend yield and DPS

14 mins

7. Earnings yield and EPS

13 mins

8. PEG

6 mins

9. EV/EBITDA and EV/Sales

10 mins

10. Asset-based valuations

5 mins

11. ROE and PBV

16 mins

12. ROCE and EV

10 mins

13. Trading and transaction multiples

7 mins

14. Sum of the parts

4 mins

15. New age valuations

5 mins

16. Objectivity of valuations

10 mins

17. Summary

19 mins

18. Quiz - X

8 mins

Lesson 12: Fundamentals of Risk and Return

1. Introduction to Return on Investment

7 mins

2. Simple, annualized and compounded return

24 mins

3. Risk in investments - I

20 mins

4. Risk in investments - II

21 mins

5. Measuring risk

20 mins

6. Margin of safety

10 mins

7. Risk-adjusted returns

7 mins

8. Behavioral biases

23 mins

9. Liquidity of stocks

18 mins

10. Summary

8 mins

11. Quiz - XI

5 mins

Lesson 13: Qualities of a Good Research Report

1. Qualities of a good research report

18 mins

2. Types of research

15 mins

3. Checklist based approach

26 mins

4. Summary

6 mins

5. Quiz - XII

9 mins

Lesson 14: Legal and Regulatory Environment

1. Introduction

12 mins

2. Regulators

21 mins

3. Important regulations - I

19 mins

4. Important regulations - II

16 mins

5. Important regulations - III

13 mins

6. Code of ethics and disclosures

11 mins

7. Surveillance mechanism

23 mins

8. Investor charter and complaint disclosure

3 mins

9. Summary

4 mins

10. Quiz - XIII

5 mins

Lesson 15: Project

1. Project

14 mins

Lesson 16: Practice Questions

1. MCQs

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