Taxmann Investing in Stock Markets By Vanita Tripathi Neeti Panwar Edition June 2025

Investing in Stock Markets is a comprehensive, authentic, and well-illustrated text designed to guide readers—from beginners to intermediate learners—through the nuances of stock market investments. Aligned with the National Education Policy (NEP), this Edition covers foundational concepts, advanced analytical tools, and practical applications. Its simple, lucid presentation simplifies the complexities of the financial markets, empowering readers with theoretical knowledge and practical skills.

This book is intended for the following audience:

• Undergraduate Students – Specifically designed for students pursuing B.Com. (Hons.), B.Com. (Prog.), and other commerce-related degrees, including those under the University of Delhi (Regular, NCWEB, and SOL) and various other Central Universities across India
• Educators and Instructors – Ideal for faculty members looking for a structured, outcome-based textbook aligned with the latest curriculum under NEP guidelines
• Aspiring Investors and Enthusiasts – The clear exposition, illustrations, and project-based approach also benefit self-learners and professionals keen on understanding stock markets for personal or career growth

The Present Publication is the 9^th Edition, authored by Prof. (Dr) Vanita Tripathi & Neeti Panwar. This Edition has been thoroughly revised, incorporating updated data, recent facts, and additional technical analysis tools. The noteworthy features of the book are as follows:

• [Lucid Presentation] Concepts, procedures, and techniques are explained in simple language, ensuring ease of understanding
• [Learning Outcomes] Each chapter opens with a list of clear objectives, guiding readers on the key takeaways
• [Structured Numbering] Chapters are segmented into numbered paragraphs for quick reference and ease of navigation
• [Illustrations & Figures] Multiple charts, diagrams, and examples help clarify complex financial concepts
• [Summaries & Recapitulation] Each chapter closes with concise summary points, aiding quick revision
• [Hands-on Project Work] Assignments and project work transform theoretical knowledge into practical investment decision-making skills
• [Updated Content] The 9^th Edition incorporates the latest trends and developments in Indian and global stock markets, including new technical indicators and the newest stock exchange (MSEI)
• [Alignment with NEP] This Edition is purposefully aligned with the National Education Policy, focusing on experiential and outcome-based learning
• [Examination Repository] Inclusion of recent university question papers equips students to tackle exams confidently and understand the latest question trends

The contents of this book are as follows:

• Basics of Investment
  • Modes of Investment – Understand direct and indirect investing
  • Approaches to Investing – Understand active and passive investment strategies
  • Investment Decision Process – Learn the steps involved in making sound investment choices
  • Responsible Investing – Understand the principles of ethical and sustainable investment practices
• Risk & Return
  • Risk-Return Trade-off – Analyze the relationship between risk and potential returns
  • Measurement of Return – Techniques to calculate and interpret investment returns
  • Types of Risk – Differentiate between systematic and unsystematic risks
  • Impact of Inflation and Taxes – Assess how these factors influence investment outcomes
• Fundamental Analysis
  • Approaches to Security Analysis – Introduction to Fundamental Analysis Techniques
  • EIC Framework – Examine the economy, industry, and company analysis
  • Stock Valuation Models – Learn various models for valuing equity shares
• Technical Analysis
  • Basic Tenets – Understand the propositions of technical analysis
  • Trading Rules and Indicators – Familiarize yourself with key technical indicators and chart patterns
  • Limitations and Pitfalls – Recognize the limitations and common mistakes in technical analysis
• Indian Securities Market
  • Structure and Participants – Overview of the primary and secondary markets
  • Regulation and Developments – Insight into SEBI’s role and recent advancements in the Indian stock market
• Stock Exchanges
  • Role and Function – Understand the significance of stock exchanges and trading mechanisms
  • Securities Indices – Learn about different stock indices and their importance
• Derivatives Market
  • Introduction and Classification – Basics of derivatives, including forwards, futures, and options
  • Market Participants – Understand the roles of various traders in the derivatives market
• Trading in Securities
  • Online Trading – A guide to online trading mechanisms, order types, and execution processes
  • Trading Strategies – Learn how to place, modify, and cancel orders effectively
• Introduction to Mutual Funds
  • Evolution and Types – History and classification of mutual funds in India.
  • Advantages and Limitations – Pros and cons of investing in mutual funds
  • Latest Developments – Stay updated with the recent trends in the mutual funds industry
• Investing in Mutual Funds
  • NAV and Loads – Understand Net Asset Value and various types of loads
  • Choosing Mutual Funds – Factors to consider when selecting mutual funds
  • Industry Overview – Comprehensive list of mutual funds in India and their websites

About the Author

Vanita Tripathi

Dr Vanita Tripathi was a Professor at the Department of Commerce, Delhi School of Economics, University of Delhi, and Deputy Dean at the University of Delhi. She was a double Gold Medalist in B.Com. (Hons.) and M.Com. and an alumnus of Shri Ram College of Commerce & Delhi School of Economics. She was also an M. Phil topper. She had more than 17 years of teaching and research experience in investment management.

She was also M. Phil. – Finance area coordinator. She was the recipient of the best business academic of the year (BBAY) award & gold medal in 2012 and the recipient of the prestigious Prof. Manubhai M. Shah Memorial Research Award. She had also got a gold medal in 2014 & ten best research paper awards at various international conferences. She was a MOOC Coordinator and Paper coordinator of Financial Management of M.Com. under the e-PG Pathshala project of UGC under the NMEICT initiative of Ministry of HRD, Govt. of India for developing e-content for postgraduate courses in India.

Neeti Panwar

Ms. Neeti Panwar, Assistant Professor, Department of Commerce, Maharaja Surajmal Institute, GGSIPU, Delhi, is an alumnus of Shri Ram College of Commerce and Delhi School of Economics, University of Delhi. She has been an All India topper in Economics in AISSCE and received scholarship from Ministry of H.R.D., Government of India for excellent academic performance. She has a teaching experience of two years including a stint at Indraprastha College for Women, University of Delhi. She has attended various seminars, conferences and Faculty Development Programmes and published research papers in national and international journals. Her areas of interest include corporate finance, security analysis and portfolio management, market efficiency, algorithm trading, etc.