NISM-Series IX: Merchant Banking Certification Exam Notes

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  • Capital Market Role: Facilitates transfer of funds from savers to efficient users, aiding economic development.
  • Primary Market: Platform for issuers to raise capital through new securities (IPOs, FPOs).
  • Secondary Market: Provides liquidity for securities already issued, traded between investors.
  • Money Market: Deals with short-term funds like Treasury Bills, Commercial Papers, and Certificates of Deposits.
  • Equity Market Products: Include equity shares, preference shares, convertibles, warrants, mutual funds, and ETFs.

NISM Merchant Banking

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