Research Analyst (XV) (Updated till March 2018) This workbook has been developed to assist candidates in preparing for the National Institute of Securities Markets (NISM) Certification Examination for Research Analyst. NISM-Series-XV: Research Analyst Certification Examination seeks to create a common minimum knowledge benchmark for all associated persons registered as Research Analyst under SEBI (Research Analyst) Regulations, 2014, individuals employed as research analyst and partners of a Research Analyst. The book covers all important topics required to perform research on companies. These include the basics of Indian Securities Markets, various terminologies used in the equity and debt markets; top down and bottom up approach to fundamental research; basic principles for micro and macro-economic analysis and key industry drivers; qualitative and quantitative dimensions with respect to Company Analysis; Fundamentals of Risk and Return; Valuation Principles and the philosophy of various Corporate Actions. The book also covers the essential aspects of writing a good research report