NISM Topic Guides

Understand Net Asset Value, how it is calculated, and why it matters in mutual fund exams.

Compare SIP, STP, and SWP from an investor planning and mutual fund distribution perspective.

Learn Delta, Gamma, Theta, Vega, and Rho for equity derivatives mock-test preparation.

Understand valuation methods used in research analyst preparation: DCF, relative valuation, and ratios.

Review risk controls across derivatives, operations, advisory, and securities market exams.

Review capital gains, holding period, dividend taxation, and tax-aware mutual fund suitability.

Understand how the riskometer helps investors compare risk levels across mutual fund schemes.

Learn expense ratio, direct plan, regular plan, exit load, and how costs affect investor returns.

Review cost of carry, spot price, futures price, and basis for derivatives exams.

Understand in-the-money, at-the-money, and out-of-the-money calls and puts.

Learn why margins are collected and how daily mark-to-market settlement works.

Understand how futures and options are used to reduce portfolio and price risk.

Review liquidity, profitability, leverage, efficiency, and valuation ratios for research exams.

Learn discounted cash flow basics, discount rate, terminal value, and assumption sensitivity.

Understand why conflicts, assumptions, risk factors, and disclosures matter in research reports.

Learn risk tolerance, risk capacity, time horizon, liquidity needs, and suitability.

Understand strategic and tactical asset allocation in financial planning.

Review retirement goal planning, pension income, NPS, annuity, and asset allocation.

Understand customer due diligence, AML red flags, suspicious transactions, and record keeping.

Review order placement, execution, clearing, settlement, contract notes, and post-trade controls.

Learn demat accounts, beneficial ownership, pledging, settlement, and depository participant roles.

Understand Category I, II, and III Alternative Investment Funds at a high level.

Review portfolio management services, client mandates, disclosure, suitability, and performance reporting.

Review market, income, and cost approaches for valuing securities and financial assets.

Understand social impact goals, measurement, reporting, theory of change, and assurance.