NISM Series 12 Securities Markets Foundation Certification Exam Notes

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  • NAV Definition: Net Asset Value is the per-unit value of a fund’s assets minus liabilities.
  • Types of Funds: Include equity, debt, hybrid, and solution-oriented funds.
  • Equity Funds: Invest primarily in stocks for capital appreciation.
  • Debt Funds: Focus on fixed-income securities for stable returns.
  • Hybrid Funds: Combine equity and debt for balanced risk-return.

NISM 12 Securities Markets Foundation

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