NISM PMS Distributors ( NISM 21A ) Certification Exam Notes
Page 17 Of 122
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Arbitrage: Exploiting price differences for riskless profits.
Futures Contracts: Standardized agreements to buy/sell at a future date.
Spot Market: Involves immediate delivery of securities.
Market Segments: Include equity, debt, and derivative markets.
Investor Protection: Ensured through SEBI’s regulatory framework.
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