NISM-Series IX: Merchant Banking Certification Exam Notes

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  • SME Issue Underwriting: 100% underwritten, lead manager takes 15%.
  • Market Making for SMEs: Compulsory for 3 years post-listing.
  • Alternative Investment Funds (AIFs): Privately pooled investment vehicles.
  • Merchant Banker in AIFs: Provides due diligence certificate for placement memorandum.

NISM Merchant Banking

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