NISM Series XII (SMF) study guide

NISM Series-XII, the Securities Markets Foundation Certification Examination, is one of the certification examinations listed by the National Institute of Securities Markets (NISM) under its "Basics of Securities Markets" category. NISM itself is a public trust established in 2006 by the Securities and Exchange Board of India (SEBI), the regulator of the securities markets in India, and it carries out capacity building activities aimed at enhancing quality standards in securities markets. Because this module sits in the foundation tier rather than the specialist streams (derivatives, mutual funds, operations, research analysis, investment advice), it suits newcomers who need a working vocabulary of Indian securities markets before choosing a specialist NISM module: students, back-office and operations staff, bank branch employees, distributors' support teams, and anyone moving into a compliance or sales role. Expect coverage of market structure and participants, primary and secondary markets, equity and debt instruments, mutual funds, derivatives basics, depositories and clearing, and the regulatory framework anchored by SEBI. Topics on this exam: Basics of Securities Markets. The NISM Series XII (SMF) study guide has 1 section and about 426 words.