NISM Series 12 Securities Markets Foundation Certification Exam Notes

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  • Taxation: Capital gains and dividends are taxed based on holding period.
  • Long-Term Capital Gains: Taxed at lower rates for longer holdings.
  • Short-Term Capital Gains: Higher tax rates apply to shorter holdings.
  • Portfolio Disclosure: Funds disclose holdings monthly for transparency.
  • Benchmark Comparison: Fund performance is compared to relevant indices.

NISM 12 Securities Markets Foundation

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