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Research Analyst SEBI IDFL Series XV Certification Module

Coaching classes for preparation of SEBI certified Research Analyst Certification Examination covers an in-depth understanding of research and analysis of data and news analysis. This course will help to prepare for the IDFL module Research Analyst Series XV examination. This certification is nowadays mandatory for giving advice in mass through SMS, email, website, blog, radio, newspaper, or through media. IDFL has a record of 95% success ratio of getting passed on the first attempt of the examination after coaching classes.

•Researh Researh-oriented course specialization in research of the stock market, commodity market, and forex market training.
• A Research analysis course is mandatory to become an analyst to give tips or calls in the share market in India
•Be a research advisor/research analyst in 1 month
•Best faculty in India are giving training for this course having 10 yrs of experience.
•Live examples from the Indian and global stock market
•Online classes for other branches where the best faculties are not available.
•Knowledge sessions on undervalued & overvalued stocks
•Online mock test for practice for sebi IDFL series xv research analyst exam
•Placement assistance

•Certification from IDFL.
•Prepare yourself for IDFL research analyst module certification from SEBI.
•Will understand how to analyze the Indian and Global stock market.
•Will understand how to find the right stock or share to choose from 5,000 companies listed on the stock exchange.
•Will become a certified research analyst to get a job in broking houses, research houses, or financial institutions after passing the exam of SEBI.

Ch-1 Introduction to Research Analyst Profession

1.1 Primary Role of a Research Analyst

1.2 Primary Responsibilities of a Research Analyst

1.3 Basic principles of interaction with Companies / Clients

1.4 Important Qualities of a Research Analyst

Ch -2 Introduction to Securities Market

2.1 Introduction to Securities and Securities Market

2.2 Product Definitions / Terminology

2.2.1 Equity Shares

2.2.2 Debentures/Bonds/Notes

2.2.3 Warrants and Convertible Warrants

2.2.4 Indices

2.2.5 Mutual Fund Units

2.2.6 Exchange Traded Funds

2.2.7 Hybrids/Structured Products Preference Shares Convertible Debenture & Bonds Indian Depository Receipts (IDRs), Global Depository Receipts (GDRs) and American Depository Receipts (ADRs) Foreign Currency Convertible Bonds (FCCB) Equity Linked Debentures Commodity Linked Debentures Mortgaged Backed Securities (MBS) and Asset-Backed Securities (ABS)

2.3 Structure of Securities Market

2.3.1 Primary market Explain various ways to issue Securities Initial Public Offer (IPO),

Follow on Public Offer (FPO), Private Placement, Qualified Institutional Placements

(QIPs), Preferential issue, Rights and Bonus issue, Onshore and offshore offerings, Offer for Sale (OFS)

2.3.2 Secondary market Overthecounter Market and Exchange Traded Markets,

Trading, Clearing, Settlement, and Risk Management

2.4 Various market participants and their activities

2.4.1 Market Intermediaries – Stock Exchanges, Depositories, Depository Participants,

Trading Member/Stock Brokers & SubBrokers, Authorised Person, Custodians,

Clearing Corporations, Clearing Banks, Merchant Bankers, and Underwriters

2.4.2 Institutional participants – Foreign Institutional Investors (FIIs), PNote Participants,

Mutual Funds, Insurance Companies, Pension Funds, Venture Capital Funds, Private

Equity Firms, Hedge Funds, Alternative Investment Funds, Investment Advisers

2.4.3 Retail participants

2.5 Kinds of transactions

2.5.1 Cash, Tom, and Spot trades/transactions

2.5.2 Forward transactions

2.5.3 Futures

2.5.4 Options

2.5.5 Swaps

2.5.6 Trading, Hedging, Arbitrage, Pledging of Shares

2.6 Dematerialization and Rematerialization of securities

 Ch-3 Terminology in Equity and Debt Markets

3.1 Terminology in Equity Market

3.1.1 Face Value

3.1.2 Book Value

3.1.3 Market Value

3.1.4 Replacement Value

3.1.5 Intrinsic Value

3.1.6 Market Capitalization

3.1.7 Enterprising Value

3.1.8 Earnings Historical, Trailing, and Forward

3.1.9 Earnings Per Share

3.1.10 Dividend Per Share

3.1.11 Price-to-Earnings Ratio

3.1.12 Price to Sales Ratio

3.1.13 Price-to-Book Value Ratio

3.1.14 Differential Voting Rights (DVRs)

3.2 Terminology in the Debt Market

3.2.1 Face Value

3.2.2 Coupon Rate

3.2.3 Maturity

3.2.4 Principal

3.2.5 Redemption of a Bond

3.2.6 Holding Period Returns

3.2.7 Current Yield, Yield to Maturity (YTM)

3.2.8 Duration and Modified Duration

3.2.9 Convexity

3.3 Types of Bonds

3.3.1 Zero Coupon Bonds

3.3.2 Floating Rate Bonds

3.3.3 Convertible Bonds

3.3.4 Amortization Bonds

3.3.5 Callable Bonds

3.3.6 Puttable Bonds

3.3.7 Payment in Kind Bonds

3.3.8 Principal Protected Note

3.3.9 Inflation Protection Securities

 Ch-4 Fundamentals of Research

4.1 What is investing

4.2 Research on businesses or stocks

4.3 Fundamental Analysis Top-down approach and Bottom-up approach

4.4 Technical Analysis

4.5 Behavioral Finance

 Ch-5 Economic Analysis

5.1 Basic principles of microeconomics

5.2 Basic principles of macroeconomics

5.3 Introduction to Various Macroeconomic Variables

5.3.1 National income

5.3.2 Savings and Investments

5.3.3 Inflation (Consumer/Wholesale Price Indices) and Interest Rate

5.3.4 Unemployment rate

5.3.5 Flows from Foreign Direct Investment (FDI) and Foreign Institutional Investors (FIIs)

5.3.6 Fiscal policies and their impact on the Economy

5.3.7 General Anti-Avoidance Rules (GAAR)

5.3.8 Monetary policies and their impact on the Economy

5.3.9 International trade, Exchange rate, and Trade Deficit

5.3.10 Globalization Positives and Negatives

5.4 Sources of information for economic analysis

 Ch 6 Industry Analysis

6.1 Dr. Michael Porter’s five force model for industry analysis

6.1.1 Industry rivalry

6.1.2 Threat of Substitutes

6.1.3 Bargaining power of buyers

6.1.4 Bargaining power of suppliers

6.1.5 Barriers to Entry

6.2 Political, Economic, Socio-cultural, Technological, Legal and Environmental (PESTLE) Analysis

6.3 Boston Consulting Group (BCG) Analysis

6.4 Structure Conduct Performance (SCP) Analysis

6.5 Key Industry Drivers

6.6 Regulatory environment/framework

6.7 Sources of information for industry analysis

 Ch 7 Company Analysis Qualitative Dimensions

7.1 Understand Business and Business Models

7.2 Competitive Advantages/Points of differentiation from the competitors

7.3 Strengths, Weaknesses, Opportunities, and Threats (SWOT) Analysis

7.4 Quality of management (including independent directors) and governance

7.5 Pricing power and sustainability of this power

7.6 Organization structure

7.7 Critical business drivers/success factors

7.8 Risks in the Business

7.9 Compliance orientation of the company

7.10 Documentation on Guidance v/s Actuals

7.11 Sources of information for analysis

 Ch 8 Company Analysis Quantitative Dimensions

8.1 History of Business Vs Future of Business

8.2 Basics of Profit and Loss Account (P/L)

8.3 Basics of Balance Sheet (B/S)

8.4 Basics of Cash Flows

8.5 Contingent Liabilities, Off-balance sheet items, Accounting Policies, Notes to Accounts

8.6 Basics of Taxation Affecting Companies

8.7 Important points to keep in mind while looking at financials

8.8 Quality of business in the past through quantitative lenses

8.8.1 Profitability ratios

8.8.2 Return ratios

8.8.3 Leverage ratios

8.8.4 Liquidity ratios

8.8.5 Efficiency ratios

8.9 Peeping into to future with caution

8.10 Peer Comparison

8.11 History of Equity Expansion

8.12 Dividend and Earnings History

8.13 History of Corporate Actions

8.14 Ownership and Insiders Sales and Purchase of stocks in the past

 Ch 9 Corporate Actions

9.1 Philosophy of Corporate Actions

9.1.1 Dividend

9.1.2 Rights Issue

9.1.3 Bonus Issue

9.1.4 Stock Split

9.1.5 Share Consolidation

9.1.6 Merger and Acquisition

9.1.7 Loan Restructuring

9.1.8 Buyback of shares

9.1.9 Delisting of shares

9.1.10 Share Swap

 Ch -10 Valuation Principles

10.1 Difference between Price and Value

10.2 Why Valuations are required

10.3 Sources of Value in a Business Earnings and Assets

10.4 Discounted Cash Flows Model for Business Valuation

10.5 Absolute Valuations vs. Price Value Sense

10.6 Earnings-based Valuation Matrices

10.6.1 Dividend Yield Price to Dividend Ratio

10.6.2 Earning Yield Price to Earnings Ratio

10.6.3 Growth Adjusted Price to Earnings Ratio (PEG Ratio)

10.6.4 Enterprise Value to EBDITA Ratio

10.6.5 Enterprise Value (EV) to Sales Ratio

10.7 Assets-based Valuation Matrices

10.7.1 Return on Equity (ROE) based valuation Price to Equity Book Value Ratio

10.7.2 Return on Capital Employed (ROCE) based valuation Enterprise Value (EV) to Capital Employed Ratio

10.7.3 Net Asset Value Approach

10.8 Relative Valuations Trading Multiples and Transaction Multiples

10.9 Sum Of The Parts (SOTP) Valuation

10.10 Other Valuation Parameters in new age economy and businesses

10.11 Capital Asset Pricing Model

10.12 Objectivity of Valuations

10.13 Some important considerations in the context of Business Valuation

 Ch 11 Fundamentals of Risk and Return

11.1 Concept of return of investment and return on investment

11.2 Calculation of simple, annualized, and compounded returns

11.3 Risks in Investments

11.4 Concepts of market risk (Beta)

11.5 Sensitivity analysis to assumptions

11.6 Concept of Margin of Safety

11.7 Comparison of equity returns with bond returns

11.8 Basic Behavioral Biases Influencing Investments

11.9 Some pearls of wisdom from Investment Gurus across the world

 Ch 12 Qualities of a Good Research Report

12.1 Qualities of a Good Research Report

12.1.1 Rating Conventions Overweight, Underweight, Buy, Sell, and Hold


12.2 Checklist-based Approach to the Research Reports

12.3 A Sample Checklist for Investment Research Reports

 Ch 13 Legal and Regulatory Environment

13.1 Regulatory Infrastructure in Financial Markets

13.1.1 Ministry of Finance (MoF)

13.1.2 Ministry of Corporate Affairs (MCA)

13.1.3 Reserve Bank of India (RBI)

13.1.4 Securities and Exchange Board of India (SEBI)

13.1.5 Insurance Regulatory and Development Authority (IRDA)

13.1.6 Pension Fund Regulatory and Development Authority (PFRDA)

13.1.7 Forward Markets Commission (FMC) etc.

13.2 Important Regulations in Indian Securities Market

13.2.1 Securities Contract (Regulation) Act, 1956

13.2.2 Securities and Exchange Board of India (SEBI) Act, 1992

13.2.3 Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015

13.2.4 SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Markets) Regulation, 2003

13.2.5 Securities and Exchange Board of India (Research Analyst) Regulations, 2014

13.3 Code of Conduct and Ethics for Research Analysts

13.4 Disclosure Requirements for Research Analysts

Candidate can became research advisor, research analyst, fundamental analyst in broking houses, fund management companies, portfolio management companies and research houses.

Candidate should be in 2nd year of graduation or above.


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