NISM Series 12 Securities Markets Foundation Certification Exam Notes

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  • Risk and Return: Securities involve risk (potential loss of expected returns) and return (benefits like interest or dividends).
  • Primary Market: The primary market is where issuers raise capital by issuing new securities to investors.
  • Secondary Market: The secondary market facilitates trading of already-issued securities, providing liquidity and risk transfer.
  • Investors: Investors, with surplus funds, convert savings into financial assets, categorized as retail (individuals) or institutional (organizations).
  • Retail Investors: Retail investors invest personal funds, typically in smaller amounts, for personal financial goals.

NISM 12 Securities Markets Foundation

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