Learning outcomes
Foundation about 5 min
After this module you should be able to:
- Draw the account stack (bank, broker, trading account, demat account, depository, exchange, clearing corporation) and trace the movement of money and shares in a delivery purchase and a sale under T+1 settlement.
- Read a quote, a five-level market depth and an order window; choose the product type (CNC, MIS, NRML, MTF), order type (market, limit, SL, SL-M) and validity for a stated intention, and compute the average fill of a market order from a depth snapshot.
- Read a contract note line by line and reproduce its charges from the published rate card.
- Read a candlestick chart on linear and logarithmic scales, explain adjusted prices, and describe a year of the Nifty daily chart in numbers.
- Place every common Indian instrument (shares, ETFs, index and active mutual funds, SIPs, G-secs and bonds, SGBs, REITs and InvITs, F&O, commodity and currency derivatives) by what it is, whom it suits, what it costs, how it can hurt you and where the course covers it.
- Derive the future value of a SIP, define XIRR as the root of a dated NPV equation, prove that it is unique when all outflows precede all inflows, and compute both.
- Derive the probability of a retail IPO allotment when applications exceed lots, for one application and for several applications in a family.
- Classify a year's market income for Indian tax (STCG, LTCG, speculative and non-speculative business income), apply the set-off rules, compute F&O turnover for audit purposes, and name the return form and advance-tax dates.