Nism X Taxmann S Portfolio Managers Blending Foundational Knowledge Advanced Theories Regulatory Insights Practical Examples Empowering Professionals Aspirants To Excel In Pms Operations
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Nism X Taxmann S Portfolio Managers Blending Foundational Knowledge Advanced Theories Regulatory Insights Practical Examples Empowering Professionals Aspirants To Excel In Pms Operations
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Author : NISM (An Educational Initiative of SEBI)
language : en
Publisher: Taxmann Publications Private Limited
Release Date : 2025-01-18
Nism X Taxmann S Portfolio Managers Blending Foundational Knowledge Advanced Theories Regulatory Insights Practical Examples Empowering Professionals Aspirants To Excel In Pms Operations written by NISM (An Educational Initiative of SEBI) and has been published by Taxmann Publications Private Limited this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-01-18 with Law categories.
The Portfolio Managers workbook provides an in-depth and systematic exploration of the concepts, regulations, and best practices in Portfolio Management Services (PMS). It equips professionals and learners with the knowledge essential to understand the PMS landscape effectively. The content seamlessly combines foundational investment knowledge, advanced theoretical frameworks, and a thorough exposition of India's regulatory environment. This book will be helpful for the following: • Portfolio Managers & PMS Employees – Principal officers, analysts, and frontline staff who require a solid grounding in PMS operations, compliance, and client interactions • Market Practitioners & Investors – Financial advisors, investment consultants, and discerning investors seeking clarity on portfolio construction, risk management, and performance evaluation. • Aspiring Professionals & Students – Those preparing for the NISM Certification Examination XXI-B or looking to broaden their understanding of securities markets, asset allocation, and modern portfolio theory The Present Publication is the December 2024 workbook version, developed by Dr Rachana Baid (Professor at NISM) and reviewed by Dr Kishore Rathi and Dr Kameshwar Rao (NISM Resource Persons). It is published exclusively by Taxmann for NISM Certification Examination XXI-B [Portfolio Managers], with the following noteworthy features: • [Comprehensive Content] o Covers everything from investment basics to advanced portfolio construction, highlighting the role and responsibilities of a portfolio manager o Provides a thorough explanation of fixed income, equities, derivatives, and mutual funds. • [Regulatory & Compliance Insight] o Offers an in-depth understanding of relevant SEBI regulations, governance, tax implications, and ethical considerations specific to portfolio managers o Equips readers to manage compliance challenges adeptly • [Practical & Applied Approach] o Incorporates examples, illustrative case studies, and best practices to make the concepts easily comprehensible o Emphasises operational facets of PMS, including client onboarding, performance measurement, fees, disclosures, and grievance redressal • [Advanced Theoretical Frameworks] o Delivers clear explanations of modern portfolio theory, capital market theory, behavioural finance, and concepts of market efficiency o Explains crucial models and methods to analyse and optimise portfolios in a dynamic investment environment • [Performance Evaluation & Reporting] o Guides readers on quantitative and qualitative techniques for evaluating portfolio performance, risk-adjusted returns, and benchmark comparisons o Details the adoption of global performance measurement standards such as GIPS® The detailed contents of the book are as follows: • Foundational Investment Knowledge – Distinguishes between investment and speculation, explains objectives and outlines various investment channels • Securities Markets Overview – Examines the structure of primary and secondary markets, detailing the roles of diverse market participants • Equity & Fixed Income – Outlines the risks and return prospects of equity and bonds, along with valuation and technical/fundamental analysis methods • Derivatives & Mutual Funds – Demonstrates the strategic use of derivatives in hedging and portfolio optimisation; elucidates mutual fund structure and benefits • Role & Operations of Portfolio Managers – Clarifies registration requirements, types of services, client onboarding, disclosure norms, and day-to-day operational procedures • Portfolio Management Process – Provides insights into asset allocation, correlation across different asset classes, portfolio rebalancing, and tactical vs. strategic allocation • Taxation & Regulatory Norms – Summarises tax treatments across varied income streams and relevant SEBI guidelines, insider trading prohibitions, and anti-money laundering regulations • Market Efficiency & Indices – Investigates index methodologies, significance of market efficiency, random walk theory, market anomalies, and their portfolio implications • Behavioural Finance & Modern Portfolio Theory – Discusses biases, heuristics, and the development of efficient frontiers for optimising portfolio returns • Risk Management & Performance Evaluation – Explores different types of risk, measurement and mitigation strategies, performance attribution analysis, benchmarking, and global best practices
Nism X Taxmann S Mutual Fund Distributors Understanding Mutual Fund Fundamentals Regulations Best Distribution Practices Aligned With Sebi S Benchmarks Enhanced By Industry Backed Insights
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Author : NISM (An Educational Initiative of SEBI)
language : en
Publisher: Taxmann Publicaions Private Limited
Release Date : 2025-03-17
Nism X Taxmann S Mutual Fund Distributors Understanding Mutual Fund Fundamentals Regulations Best Distribution Practices Aligned With Sebi S Benchmarks Enhanced By Industry Backed Insights written by NISM (An Educational Initiative of SEBI) and has been published by Taxmann Publicaions Private Limited this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-03-17 with Law categories.
The Mutual Fund Distributor workbook offers a structured and comprehensive understanding of mutual fund concepts, regulatory frameworks, and best practices for distribution. It is tailored to empower the readers with the critical knowledge needed to navigate the mutual fund landscape effectively, blending foundational investment principles with current regulatory guidelines in India. This book is intended for the following audience: • Aspiring Mutual Fund Distributors – Individuals seeking to become mutual fund distributors or those who want to clear the NISM Mutual Fund Distributors Certification Examination • Employees of AMCs and Distribution Houses – Professionals working in asset management companies (AMCs) and entities involved in mutual fund sales and distribution • Financial Advisors and Planners – Advisors who wish to expand their knowledge base, improve client service, and stay updated on regulatory aspects of mutual fund distribution • Students and Researchers – Anyone aiming to build a career in financial services or seeking structured knowledge of the Indian mutual fund domain The Present Publication is the December 2024 Workbook Version, developed in collaboration with the Certification Team of NISM and Mr Sundar Sankaran, Ms Sunita Abraham, Mr Amit Trivedi, and Mr Joydeep Sen. It is published exclusively by Taxmann, with the following noteworthy features: • [Aligned to NISM Certification Requirements] Developed to meet the learning objectives and knowledge benchmarks mandated by the Securities and Exchange Board of India (SEBI) for mutual fund distributors • [Comprehensive Coverage] Covers all essential aspects: from the basics of mutual funds, distribution channels, risk and performance metrics to the legal and regulatory frameworks • [Lucid and Focused Content] Presents concepts in an easy-to-understand language, supplemented by relevant examples, case studies, and illustrations • [Industry-endorsed and Reviewed] Developed by NISM in consultation with industry experts and resource persons, ensuring up-to-date and reliable information • [Practical Insights] Includes explanations of investor services, distribution practices, taxation, and KYC requirements, making it a practical guide for everyday use The coverage of the book is as follows: • Investment Landscape o Explores the concept of savings vs. investments, major asset classes, investment risks, risk management strategies, behavioural biases in investment, and the importance of professional help vs. DIY investing • Concept and Role of a Mutual Fund o Provides foundational knowledge of mutual funds: how they are structured, types of schemes, and the role of mutual funds within the broader financial market • Legal Structure of Mutual Funds in India o Discusses the distinct entities that constitute a mutual fund (sponsor, trustee, AMC, etc.) and outlines their respective roles and responsibilities • Legal and Regulatory Framework o Details SEBI's role, regulations affecting mutual funds, and the due diligence process for distributors, as well as guidelines and grievance redress mechanisms • Scheme Related Information o Explains mandatory and non-mandatory disclosures, fund factsheets, and helps readers understand how to interpret scheme-related documents • Fund Distribution and Channel Management Practices o Covers different types of distributors, modes of distribution, commission structures, and best practices in channel management • Net Asset Value, Total Expense Ratio and Pricing of Units o Guides on fair valuation, NAV computation, pricing of units, and the impact of entry/exit loads on NAV • Taxation o Simplifies the income-tax implications for investors, including capital gains, dividends (IDCW option), Securities Transaction Tax, and Section 80C benefits • Investor Services o Explains operational aspects: NFO processes, KYC requirements, systematic transactions (SIP, SWP, STP), cut-off timing, and handling non-financial transactions • Risk, Return, and Performance of Funds o Introduces different risk measures, factors affecting fund performance, and how to interpret fund returns • Mutual Fund Scheme Performance o Focuses on performance benchmarks, price vs. total return indices, tracking error, and how fund managers' performance is measured • Mutual Fund Scheme Selection o Guides on matching schemes to investor needs, analysing risk levels, and comparing schemes across fund houses based on strategy and performance The structure of the book is as follows: • Introductory Chapters – Provide the basics and the broader context, including how mutual fund distribution fits into the financial sector • Core Chapters – Delve deeper into advanced topics like regulatory frameworks, fund accounting, valuation, sales practices, and compliance requirements • Practical & Operational Chapters – Give step-by-step guidelines to execute everyday tasks such as KYC, filling out application forms, and systematic investment plans • Appendices & Resources – Include relevant codes of conduct (AMFI Code of Ethics, AMFI Code of Conduct for Intermediaries), additional reading resources, and reference materials for deeper study
Taxmann S Analysis Specialised Investment Funds Sifs The Missing Link Between Mutual Funds And Pms Now In Place
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Author : Taxmann
language : en
Publisher: Taxmann Publicaions Private Limited
Release Date : 2025-03-07
Taxmann S Analysis Specialised Investment Funds Sifs The Missing Link Between Mutual Funds And Pms Now In Place written by Taxmann and has been published by Taxmann Publicaions Private Limited this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-03-07 with Law categories.
India’s investment landscape has witnessed significant evolution, with SEBI introducing Specialised Investment Funds (SIFs) to offer greater flexibility and advanced investment strategies while maintaining regulatory oversight. Positioned between Mutual Funds and Portfolio Management Services, SIFs cater to high-net-worth and institutional investors seeking diverse portfolio management options. This article explores the key features, eligibility criteria, investment strategies, and regulatory framework governing SIFs, providing insights into how they enhance investment opportunities while ensuring investor protection. The key highlights include: ‣ Bridging the Gap – SIFs fill the space between Mutual Funds and PMS by offering structured yet flexible investment options ‣ Advanced Investment Strategies – Includes long-short equity, sectoral rotation, and hybrid asset allocation ‣ Eligibility Criteria – Requires a minimum investment of ₹10 lakh, with exemptions for accredited investors ‣ Investment Strategies – Covers equity, debt, and hybrid long-short funds tailored for sophisticated investors ‣ Regulatory Oversight – SEBI ensures transparency with clear branding, investment restrictions, and disclosure requirements ‣ Liquidity & Redemption – Subscription and redemption flexibility based on investment strategy and lock-in periods
Nism X Taxmann S Investment Adviser Level 2 Comprehensive Guide For Investment Advisory Services Covering Insurance Planning Risk Management Estate Planning Behavioural Finance Et Al
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Author : NISM (An Educational Initiative of SEBI)
language : en
Publisher: Taxmann Publications Private Limited
Release Date : 2024-01-17
Nism X Taxmann S Investment Adviser Level 2 Comprehensive Guide For Investment Advisory Services Covering Insurance Planning Risk Management Estate Planning Behavioural Finance Et Al written by NISM (An Educational Initiative of SEBI) and has been published by Taxmann Publications Private Limited this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-01-17 with Law categories.
The book aims to clarify and focus on the critical areas of investment advisory, enhancing the overall quality of services in the financial industry. It discusses various critical topics such as insurance planning, understanding different insurance products, and essential aspects of risk management. Additionally, the discussion includes retirement products, detailing their features and the pivotal role of Investment Advisers in effective retirement planning. Much of the book is dedicated to the intricacies of estate planning, including exploring various estate planning tools and the important tax considerations of different financial securities. Moreover, it emphasises behavioural finance's influence and risk profiling's significance in delivering comprehensive financial advice. In other words, the discussion is focused on topics such as: • [Know the Aspects] of the following: o Insurance Planning o Insurance Products o Risk Management o Taxation Aspects of Different Financial Securities o Role of Behavioural Finance o Risk Profiling in Providing Financial Advice • [Understand] the following: o Various Retirement Products and their Features o Role of Investment Advisers in Retirement Planning o Important of Estate Planning o Role of Estate Planning Tools The Present Publication is the August 2023 workbook version, published exclusively by Taxmann for NISM Certification Examination X-B | Investment Adviser (Level 2), with the following contents: • Risk Management and Insurance Planning o Basics of Insurance o Life Insurance Products o Non-Life Insurance Products • Retirement Planning o Retirement Planning Basics o Retirement Products o Miscellaneous Aspects of Retirement Planning • Taxation o Concepts in Taxation o Capital Gains o Income from Other Sources o Taxation of Debt Products o Taxation of Equity Products o Taxation of Other Products o Tax Provisions for Special Cases • Estate Planning o Basics of Estate Planning o Tools for Estate Planning • Behavioural Finance o Basics of Behavioural Finance o Behavioural Finance in Practice • Comprehensive Investment Advice o Risk Profiling for Investors o Comparison of Products Across Categories • Case Studies o Practical Case Studies with Solutions
Nism X Taxmann S Securities Intermediaries Compliance Non Fund Compendium Of Important Regulations For The Compliance Officers Working With Various Intermediaries In The Securities Markets
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Author : NISM (An Educational Initiative of SEBI)
language : en
Publisher: Taxmann Publications Private Limited
Release Date : 2024-01-31
Nism X Taxmann S Securities Intermediaries Compliance Non Fund Compendium Of Important Regulations For The Compliance Officers Working With Various Intermediaries In The Securities Markets written by NISM (An Educational Initiative of SEBI) and has been published by Taxmann Publications Private Limited this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-01-31 with Law categories.
This book is a comprehensive guide covering all significant regulations pertinent to the securities markets, encompassing the SEBI Act, SCRA, SCRR, PMLA, Insider Trading, FUTP, and more. It seeks to create a common minimum knowledge benchmark for persons engaged in the compliance function with any intermediary registered with SEBI, such as: • Stock Broker • Depository Participant • Merchant Bankers • Underwriters • Bankers to the Issue • Debenture Trustee • Credit Rating Agencies This book is an invaluable resource for anyone involved in the compliance sector of the securities markets, offering in-depth knowledge and a comprehensive overview of the regulatory landscape. The Present Publication is the January 2023 workbook version, published exclusively by Taxmann for NISM Certification Examination III-A [Securities Intermediaries Compliance (Non-Fund)]. This book is divided into two parts: • [Financial and Regulatory Structure in India] is dealt with in Part A • [Specific Rules & Regulations] governing the intermediaries registered with SEBI are dealt with in Part B The noteworthy features of this book are as follows: • [Understand the Financial Structure in India] including: o Knowledge of the Financial Intermediaries o Types of Products available in the Indian markets • [Understand the Regulatory Framework] and the role of various Regulators in the Financial System • [Importance of Compliance Activity] and the scope and role of Compliance Officers • [Understand the various Rules & Regulations] of the Indian Securities Market • [Understand the Penal Actions] that are initiated in case of default or failure The detailed contents of the book are as follows: • Part A – Understanding Financial Structure in India o Introduction to the Financial System – Explores the essential elements of the financial system, including financial intermediaries, securities, and their roles o Regulatory Framework | General View – Discusses the overall regulatory system governing the financial markets in India, including the role of financial market regulators, other financial agencies, appellate authorities, the legislative framework, and the International Financial Services Centre (IFSC) o Introduction to Compliance – Covers the basics of compliance, specifically focusing on compliance requirements under the SEBI (CAPSM) Regulations, 2007 o Securities and Exchange Board of India Act, 1992 – Details the salient features of the SEBI Act, 1992 o Securities Contracts Regulation – Examines the Securities Contracts (Regulation) Act, 1956, and the Securities Contracts (Regulation) Rules, 1957 o SEBI (Intermediaries) Regulations, 2008 – Provides insights into the general obligations of intermediaries, inspection and disciplinary proceedings, actions in case of default, and the code of conduct o SEBI (Prohibition of Insider Trading) Regulations, 2015 – Focuses on insider trading regulations, including the role of the compliance officer and the code of conduct o Prevention of Fraudulent and Unfair Trade Practices – Discusses regulations related to preventing fraudulent and unfair practices in the securities market and includes topics on investigation methods o Prevention of Money Laundering Act, 2002 – Highlights the main points of the PMLA, 2002, and SEBI's circular on Anti-Money Laundering/Counter Financing of Terrorism (AML/CFT) o SEBI (KYC Registration Agency) Regulations, 2011 – Discusses the registration and obligations of KYC Registration Agencies (KRAs), including guidelines for intermediaries and in-person verification • Part B – Understanding Intermediary-Specific Regulations o SEBI (Foreign Portfolio Investors) Regulations, 2019 – Details regulations pertaining to foreign portfolio investors, including eligibility criteria, investment conditions, and code of conduct o SEBI (Stock Brokers) Regulations, 1992 – Covers various aspects of stock brokerage regulations, including direct market access, algorithmic trading, margin trading, and underwriting activities o SEBI (Merchant Bankers) Regulations, 1992 – Focuses on merchant banking regulations, substantial acquisition of shares, and takeovers o SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 – Discusses the applicability of ICDR regulations, IPOs, rights issues, and the roles and responsibilities of merchant bankers o Depositories Act, 1996 – Covers the introduction, rights and obligations of depositories, enquiry and inspection procedures, and miscellaneous issues o SEBI (Depositories and Participants) Regulations, 2018 – Details registration, rights, obligations, and the code of conduct for depository participants o SEBI (Registrar to an Issue and Share Transfer Agents) Regulations, 1993 – Focuses on the roles, general obligations, and code of conduct for registrars to an issue and share transfer agents o SEBI (Research Analyst) Regulations, 2014 – Highlights the responsibilities, record maintenance, and role of the compliance officer for research analysts o SEBI (Investment Advisers) Regulations, 2013 – Discusses the general responsibilities, risk profiling, client-level segregation, and code of conduct for investment advisers o SEBI (Debenture Trustees) Regulations, 1993 – Details registration, responsibilities, code of conduct, and monitoring requirements for debenture trustees o SEBI (Credit Rating Agencies) Regulations, 1999 – Covers the registration, general obligations, appointment of compliance officers, and code of conduct for credit rating agencies o SEBI (Custodian) Regulations, 1996 – Discusses custodian services, registration, obligations, and the code of conduct for custodians. o Proxy Advisors – Provides an overview of the impact of proxy advisors on corporate governance, internal controls, procedural guidelines, and grievance redressal mechanisms
Nism X Taxmann S Aml And Cft Provisions In Securities Markets Comprehensively Covers Aml Cft Concepts In Securities Market Offering In Depth Analysis Of Pmla Sebi Guidelines Case Studies
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Author : NISM (An Educational Initiative of SEBI)
language : en
Publisher: Taxmann Publicaions Private Limited
Release Date : 2025-05-06
Nism X Taxmann S Aml And Cft Provisions In Securities Markets Comprehensively Covers Aml Cft Concepts In Securities Market Offering In Depth Analysis Of Pmla Sebi Guidelines Case Studies written by NISM (An Educational Initiative of SEBI) and has been published by Taxmann Publicaions Private Limited this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-05-06 with Law categories.
AML and CFT Provisions in Securities Markets is an authoritative guide that lays down the foundational and advanced concepts around Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) provisions in the Indian securities market. This workbook facilitates a deep understanding of the prevention of money laundering, regulatory compliance, and the broader legal framework governing securities intermediaries. It is a core study resource for individuals preparing for the NISM Certification Examination on AML and CFT Provisions while acting as a practical reference guide for industry professionals. This book is intended for the following audience: • Aspiring Professionals and Students – Those seeking to enter the securities market industry and looking to clear the NISM AML–CFT Certification Examination • Industry Practitioners – Employees of stock exchanges, brokerages, mutual fund houses, compliance teams, and other financial intermediaries who require an in-depth understanding of AML and CFT guidelines • Compliance and Legal Teams – Legal and compliance personnel responsible for creating, implementing, or auditing AML–CFT policies within their organisations • Academicians and Researchers – Educators and researchers examining the evolving landscape of financial crime prevention and risk management in securities markets The Present Publication is the January 2025 Workbook Version, developed in collaboration with the Certification Team of NISM and Ms Monica Sachdeva & reviewed by Dr Shreyas Vyas. It is published exclusively by Taxmann, with the following noteworthy features: • [Official NISM Resource] Authored and reviewed by domain experts, ensuring alignment with the standards and requirements of the NISM certification examination • [Comprehensive Coverage] Explains key legislation, rules, and guidelines, including the Prevention of Money Laundering Act (PMLA), SEBI regulations, and related case studies • [Lucid Explanation of Concepts] Simplifies complex statutory provisions, enabling easy comprehension by readers with varying levels of familiarity with financial regulations • [Practical Guidance] Examples and case discussions illustrate how AML, CFT, and Proliferation Financing (PF) regulations apply in the daily operations of intermediaries • [Exam-focused Learning] Includes a structured syllabus outline to help readers focus on examination-specific content and prepare strategically The coverage of the book is as follows: • Foundational Concepts o Introduces AML, CFT, and Proliferation Financing (PF), their global and Indian initiatives, and the processes of money laundering • Prevention of Money Laundering Act (PMLA) o In-depth exploration of the Act's provisions, reporting obligations, and the roles of regulatory authorities such as FIU-IND and SEBI • Maintenance of Records Rules o Detailed discussion on the Prevention of Money-laundering (Maintenance of Records) Rules 2005, covering the record-keeping process and digital KYC norms • Scheduled Offences o Examination of relevant offences under various laws, including the SEBI Act and the Companies Act, highlighting how they relate to AML/CFT • Guidelines & Regulatory Framework o Anti-Money Laundering (AML) and CFT Standards o Combating the Financing of Terrorism (CFT) and Proliferation Financing (PF) o SEBI Guidelines – A comprehensive look at SEBI's frameworks for AML–CFT compliance, written AML procedures, and operational guidelines for intermediaries • Know Your Client (KYC) Norms o A step-by-step outline of KYC procedures, including online KYC apps, SARAL account opening forms, and KYC Registration Agencies • Case Studies o Practical precedents and regulatory actions (e.g., FIU-IND vs. Way2Wealth Brokers, SEBI vs. SKSE Securities, Paytm Payments Bank, etc.) providing insight into enforcement and compliance lapses The structure of the book is as follows: • Eight Thematic Chapters – Organised into Parts A and B, each delving into a specific facet of AML–CFT regulations. The chapters progress logically from foundational overviews (Chapter 1) to detailed rule-based coverage (Chapters 2 and 3), scheduled offences (Chapter 4), guidelines (Chapters 5 and 6), and KYC-specific mandates (Chapter 7). The final chapter (Chapter 8) focuses on practical case studies • Practice-oriented Approach – Flowcharts, practical examples, and recommended best practices are integrated throughout to guide practical implementation and examination readiness • Syllabus Outline & Assessment – Concludes with detailed chapter-wise weightage, ensuring learners can align their study strategy with exam requirements