Equity Sales Certification Examination Overview
It seeks to ensure a basic understanding of the various aspects of the equity products, the process flow involved in trading, clearing and settlement of these products and the regulatory environment under which the market operates.
What are the course objectives?
- Know the basics of the Indian equity market
- Understand the characteristics of equity, associated risks and returns and taxation aspects
- Understand the clearing, settlement and risk management as well as the operational mechanism related to equity market.
Course Fees ?
Fees Details :
Name of Examination: NISM-Series-XI: Equity Sales Certification Examination
|Fees (Rs.)||Test Duration (in minutes)||No. of Questions||Maximum Marks||Pass Marks* (%)||Certificate # Validity (in years)|
+ Inclusive of Service Tax. Payment Gateway charges extra.
* Negative marking – 25% of the marks assigned to the question.
# Passing Certificate will be issued only to those candidates who have furnished/ updated their Income Tax Permanent Account Number (PAN) in their registration details.
Benefits from this Course ?
- The funding is committed to your business and your intended projects. Investors only
realisetheir investment if the business is doing well, eg through stock market flotation or a sale to new investors.
- You will not have to keep up with costs of servicing bank loans or debt finance, allowing you to use the capital for business activities.
- Outside investors expect the business to deliver value, helping you explore and execute growth ideas.
- Some business angels and venture capitalists can bring valuable skills,
contactsand experience to your business. They can also assist with strategy and key decision making.
- Like you, investors have a vested interest in the business’ success, ie its growth,
profitabilityand increase in value.
- Investors are often prepared to provide follow-up funding as the business grows.
Equity Sales Syllabus :
CHAPTER-1: Overview of Indian Securities Market
- Market Regulators
- Market Segments
- Market Participants
- Types of Investors
CHAPTER-2: Regulatory Framework
- Securities Contracts (Regulation) Act, 1956
- Securities Contracts (Regulation) Rules, 1957
- Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012
- Securities and Exchange Board of India Act, 1992
- The Depositories Act, 1996
- The Companies Act, 1956
- Prevention of Money Laundering Act, 2002
- SEBI (Stock Brokers & Sub-brokers) Regulations, 1992
- SEBI (Prohibition of Insider Trading) Regulations, 1992
- SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Markets) Regulation, 2003
CHAPTER-3: Primary Market
- Introduction to Primary Market
- Issue of Shares
- Public Issue
CHAPTER-4: Secondary Market
- Introduction to Secondary Market
- Functioning of the Secondary Market
- Market Phases
CHAPTER-5: Understanding Market Indicators
- Index and its Significance
- Types of Indices based on Calculation Methodology
- Major Indices in India
- Impact cost – A Measure of Market Liquidity
- Risk and Beta
- Market Capitalization Ratio
- Turnover Ratio
- Fundamental Analysis
- Technical Analysis
CHAPTER-6: Trading and Risk Management
- Trading Systems in India
- Trade Life Cycle
- Mechanism of Circuit Breakers
- Transaction Charges
- Capital Adequacy Requirements of Trading Members
- Risk Management System
CHAPTER-7: Clearing and Settlement
- Types of Accounts
- Clearing Process
CHAPTER-8: Market Surveillance
- Introduction to Market Surveillance
- Market Surveillance Mechanism (by Exchanges and by SEBI)
CHAPTER-9: Client Management
- Introduction to Client Management
- Types of Risks
- Risk Profiling of Investors
- Financial Planning
- Product Suitability
- Review of Client’s Portfolio
- Client Account
- Investor Grievance Mechanism