Readings and resources
Foundation about 5 min
Read in this order:
- NISM, Series VIII: Equity Derivatives Certification workbook (https://www.nism.ac.in), units 6–7 for trading mechanism, clearing and settlement; NISM's other workbooks cover securities operations and mutual funds. Structured, official and examinable.
- SEBI investor website (https://investor.sebi.gov.in) and SEBI's intermediary search (registered advisers, research analysts, brokers).
- NSE investor section (https://www.nseindia.com), including the circulars archive (https://nsearchives.nseindia.com), and NSE's settlement page for T+1 and direct payout.
- NSDL (https://nsdl.co.in) and CDSL (https://www.cdslindia.com): CAS, e-DIS, nomination notices.
- SEBI studies on F&O and intraday traders: press releases of 24 Jul 2024, 23 Sep 2024, 7 Jul 2025 and 20 Aug 2026 on https://www.sebi.gov.in (Media → Press releases).
- AMFI (https://www.amfiindia.com) for NAVs, scheme data and investor education; each scheme's scheme information document and key information memorandum for expense ratios and exit loads.
- RBI Retail Direct (https://rbiretaildirect.org.in).
- Income Tax Department (https://www.incometaxindia.gov.in) and the e-filing portal (https://www.incometax.gov.in) for AIS/TIS and return forms; the text of the Income-tax Act, 2025 and the Finance Act 2026.
- ICAI, Guidance Note on Tax Audit (current edition), the turnover chapter.
- Barber, B. M. and T. Odean (2000), "Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors", Journal of Finance 55(2), 773–806: the evidence that frequent trading lowers individual investors' returns.
- For depth: M01 (market structure, costs, tax algebra), M06A · 6A.8 (IPO evidence, Rock 1986, Ritter 1991), M03 and M14 (sizing and risk limits).