NISM 19E Alternative Investment Fund Managers Certification Exam Notes
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Securities Markets: Comprise primary markets for new issues and secondary markets for trading existing securities.
Primary Market: Where securities are issued directly by companies or entities to raise capital.
Secondary Market: Facilitates trading of already-issued securities, providing liquidity to investors.
Investment Vehicles: Include mutual funds, ETFs, and AIFs, offering diversified exposure to various asset classes.
Risk Premium: The additional return expected for taking on higher risk compared to risk-free investments.
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