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Mumbai
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Pune
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Gujarat
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Karnataka
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Mumbai
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Gujarat
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Delhi
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Delhi
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Seema Banerjee
Delhi
NISM Series XII: Securities Market Foundation Exam Pattern
- Exam Fees: ₹1770 + (may indicate taxes or additional fees)
- Test Duration: 2 hours
- Total Questions: 100 questions
- Maximum Marks: 100 marks
- Passing Marks: 60% (i.e., 60 marks)
- Negative Marking: NO Negative Marking
NISM Series XII: Securities Market Foundation Syllabus Outline
The exam covers the following 12 units:
- Introduction to Indian Securities Markets: Understanding the structure, functions, and importance of the Indian financial system and securities markets.
- Regulators in Financial Markets: Role and functions of key regulators like SEBI, RBI, IRDAI, and PFRDA in regulating financial markets.
- Financial Instruments: Overview of various instruments such as equity, debt, derivatives, mutual funds, and hybrid products.
- Primary Markets: Issuance of securities, IPO process, book building, and role of intermediaries in raising capital.
- Secondary Markets: Trading mechanisms, stock exchanges, clearing and settlement process, and market indices.
- Mutual Funds: Basics of mutual funds, types of schemes, NAV calculation, and benefits for investors.
- Derivatives Market: Introduction to futures and options, basic strategies, and their role in risk management.
- Depository System: Functions of NSDL and CDSL, dematerialisation, and settlement of securities in electronic form.
- Clearing, Settlement and Risk Management: Trade lifecycle, clearing corporations, margining system, and risk containment measures.
- Investor Protection and Education: Investor rights, grievance redressal mechanisms, and awareness initiatives.
- Financial Planning Basics: Importance of financial planning, goal setting, budgeting, and investment planning.
- Taxation Basics: Basic tax concepts related to different financial instruments and investment products.