Introduction

Introduction - I

Introduction - II

Introduction to Research Analyst Profession

What is a research analyst

Responsibilities of a research analyst

Qualities of a research analyst

Quiz - I

Introduction to Securities Market

Key concepts

Mutual funds

Hybrid products

Structure of securities market

Primary and secondary market

Risk management

Market participants - I

Market participants - II

Kinds of transactions - I

Kinds of transactions - II

Kinds of transactions - III

Quiz - II

Terminology in Equity and Debt Markets

Introduction to equity and debt

Key equity concepts - I

Key equity concepts - II

Key debt concepts - I

Key debt concepts - II

Types of bonds - I

Types of bonds - II

Types of bonds - III

Types of bonds - IV

Summary

Quiz - III

Fundamentals of Research

What is investing

Key learnings for investors

Fundamental analysis

Technical analysis

Quiz - IV

Economic Analysis

Economic analysis and principles of microeconomics

Principles of macroeconomics

National income

Savings and consumption

Unemployment and foreign flow

Fiscal policy

General Anti-Avoidance Rules (GAAR)

Monetary policy

International trade

Globalization and sources of information

Quiz - V

Industry Analysis

Introduction and role of industry analysis

What is industry

Industry cyclicality

Market size

Secular trend and value migration

Business life cycle

Potter's 5 forces - I

Potter's 5 forces - II

Potter's 5 forces - III

Potter's 5 forces - IV

PESTLE analysis

BCG analysis

Structure Conduct Performance (SCP) Analysis

KPI Driver

Regulations

Taxation

Quiz - VI

Company Analysis – Business and Governance

Introduction and role of company analysis

Understand business and business model

Pricing power

Competitive advantages

SWOT and quality of management

Risk in business and history of credit rating

ESG frameworks

Quiz - VII

Company Analysis – Financial Analysis

Balance sheet

Profit and loss statement

Cash flow statement

Notes to accounts

Quality of accounting

Ratios - I

Ratios - II

Forecasting using ratios

Peer comparison

Other aspects to study from financial reports

Dividends and earnings history

Quiz - VIII

Corporate Actions

Philosophy and dividends

Right issues and bonus shares

Stock split and stock consolidation

Merger and acquisition

Loan structuring

Buyback of shares

Delisting of shares

Quiz - IX

Valuation Principles

Why valuation is required

DCF - I

DCF - II

Price value sense

Dividend yield and DPS

Earnings yield and EPS

EV/EBITDA and EV/Sales

Asset-based valuations

ROE and PBV

ROCE and EV

Trading and transaction multiples

Sum of the parts

New age valuations

Objectivity of valuations

Quiz - X

Fundamentals of Risk and Return

Introduction to Return on Investment

Simple, annualized and compounded return

Risk in investments - I

Risk in investments - II

Measuring risk

Margin of safety

Risk-adjusted returns

Behavioral biases

Liquidity of stocks

Quiz - XI

Qualities of a Good Research Report

Qualities of a good research report

Types of research

Checklist based approach

Quiz - XII

Legal and Regulatory Environment

Regulators

Important regulations - I

Important regulations - II

Important regulations - III

Code of ethics and disclosures

Surveillance mechanism

Investor charter and complaint disclosure

Quiz - XIII

Project

Practice Questions

MCQs

Ashish D. Godse is an MBA graduate and CFA Charterholder with 15+ years of experience in finance. He has over a decade of teaching experience, including 4 years as a finance professor at a premier B-school. Currently, he works as a Research Analyst for an American firm. With expertise in Financial Modeling, Valuation, Equity, Derivatives, and Corporate Finance, he simplifies complex financial concepts, making learning engaging and practical.

This course is structured to help you ace the NISM-XII: Securities Markets Foundation exam by covering all essential topics. You'll gain a deep understanding of the securities market, covering equity, debt, mutual funds, and derivatives. You will also learn about the roles of primary and secondary markets, key financial instruments, and valuation methods. The course also explores market participants, regulations, and risk management, equipping you with essential knowledge for clearing the exam. In Lesson 1, Introduction to the Course, you will be introduced to various career options available in finance. In Lesson 2, Understanding Securities Markets and Performance, you will explore the key features of the securities market, its participants, and the role of regulators. In Lesson 3, Understanding Equity and Debt Market, you will learn about the key features of equity and debt markets and how to perform valuations using Excel. In Lesson 4, Primary Markets, you will learn about the primary market, its benefits, key issuers, and the IPO process. In Lesson 5, Secondary Markets, you will learn about the role and structure of the secondary market. You will also understand the impact of corporate actions. In Lesson 6, Mutual Funds, you will explore different types of mutual funds and how they work. In Lesson 7, Derivative Markets, you will learn the key concepts of forwards, futures, and options, along with market structure and risk management. Course Highlights: - Basics of the securities market, its functioning, and key participants - Features and valuation methods of equity and debt markets - Importance and role of primary and secondary markets - Different types of mutual funds and how they work - Introduction to forwards, futures, and options Who is this course for: - Students and beginners looking to build a career in finance - Students preparing for the NISM-XII examination - Investors who want to understand the securities market and investment options - Individuals seeking to enhance their knowledge of equity, debt, and derivatives

NISM-XV: Research Analyst

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