NISM 21B Portfolio Managers Exam Notes

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  • Securities Market: Facilitates capital raising, risk transfer, trade.
  • Primary Market: Issuers sell securities directly via prospectus.
  • Secondary Market: Trading of issued securities, enhances liquidity.
  • Market Functions: Capital formation, price discovery, liquidity provision.
  • Public Issue: Securities offered to public in primary market.

NISM 21B Portfolio Managers

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