Taxmann’s Research Analyst by National Institute of Securities Markets (NISM) – Edition August 2021

Research Analyst covers all essential topics required to undertake research on companies, such as:

• [Knowledge]
  • Basics of Indian Securities Markets
  • Various Terminologies used in the Equity and Debt Markets
  • Top-Down and Bottom-Up Approach to Fundamental Research
  • Basic Principles for Micro and Macro-Economic Analysis
  • Key Industry Drivers
  • Fundamentals of Risk and Return
  • Valuation Principles
  • Corporate Actions
  • Regulatory Environment
• [Understanding]
  • Qualitative and Quantitative Dimensions concerning Company Analysis
  • Qualities of a Good Research Report

This book will be helpful for the following:

• Persons registered as Research Analyst under SEBI (Research Analyst) Regulations, 2014
• Individuals employed as Research Analyst
• Partners of Research Analyst
• Persons engaged in preparation and/or publication of research report or research analysis

The Present Publication is the March 2021 workbook version, published exclusively by Taxmann for NISM Certification Examination XV [Research Analyst], with the following coverage:

• Introduction to Research Analyst Profession
• Introduction to Securities Market
• Technology in Equity and Debt Markets
• Fundamentals of Research
• Economic Analysis
• Industry Analysis
• Company Analysis – Business and Governance
• Company Analysis – Financial Analysis
• Corporate Actions
• Valuation Principles
• Fundamentals of Risk and Return
• Qualities of a Good Research Report
• Legal and Regulatory Environment
• Case Studies | Some Cases from the History on Market Events

NISM is a leading provider of high-end professional education, certifications, training and research in financial markets. NISM Certification programs aim to enhance the quality and standards of professionals employees in various segments of the financial services sector. NISM’s School of Certification of Intermediaries (SCI) develops and conducts certification examinations and Continuous Professional Education (CPE) programs that aim to ensure that professionals meet the defined minimum common knowledge benchmark for various critical market functions like:

• Mutual Funds
• Equities
• Derivatives
• Securities Operations
• Compliance
• Research Analysis
• Investment Advice

These Certifications and CPE Programs are being developed and administered by NISM as mandated under ‘Securities and Exchange Board of India (Certification of Associated Persons in the Securities Market) Regulations, 2007’. The Certifications creates quality market professionals and catalyzes greater investor participating in the markets. Certifications also provides structured career paths to students and job aspirants in the securities market.