NISM-Series IX: Merchant Banking Certification Exam Notes

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  • Equity Shares: Represent fractional ownership in a company, bearing risks and rewards.
  • Preference Shares: Offer priority in dividends and capital repayment, redeemable within 20 years.
  • Convertibles: Debt or preference shares convertible into equity, e.g., FCDs, PCDs, CPS.
  • Warrants: Provide the right to buy equity shares at a specified price after a period.
  • Mutual Funds: Pool investor money for diversified investments based on objectives.

NISM Merchant Banking

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