Mutual Fund

A. Mutual fund and its functions
B. Investment objectives of different kinds of mutual fund products 
C. Concept of Marking To Market 
D. Concept of unit Capital, Assets under Management, Fund Running Expenses and Net Asset Value
E. Advantages and limitations of mutual fund
F. Concept of closed end funds, open ended funds and interval funds
G. Concept of actively managed funds and passive funds
H. Categorization of mutual fund schemes
I. Developments in the Mutual Fund Industry over the years

A. Structure of mutual funds in India
B. Role of the Sponsor, Trustee and Asset Management Company (AMC)
C. Regulatory provisions with respect to Sponsor, Trustee and AMC
D. Role and Functions of Service Providers of mutual funds
E. Payment Aggregators

A. Role of SEBI in regulating mutual funds
B. Concept of a Self Regulator
C. Functions of AMFI
D. AMFI Code of Ethics (ACE) and AMFI Guidelines and Norms for Intermediaries (AGNI)
E. Due Diligence process for its distributors
F. Rights and obligations of investors in a mutual fund

A. New Fund Offer
B. Statement of Additional Information (SAI) and Scheme Information Document (SID)
C. Key Information Memorandum (KIM)

A. Traditional distribution channels 
B. Alternate Distribution channels of mutual funds
C. Pre-requisites to be fulfilled to become a distributor of a mutual fund 
D. Commissions and Transaction Charges for mutual fund distributor 
E. Regulatory requirements governing payment of commissions to distributors
F. Initial or Upfront and Trail Commissions 
G. SEBI Advertising Code for Mutual Funds

A. Net assets of a mutual fund scheme and NAV 
B. Mark to Market as a valuation metric 
C. Total Expenses of Mutual Funds
D. Accounting and reporting requirements applicable to mutual funds
E. Valuation process 
F. Tax provisions applicable to a mutual fund

A. Types of Investors in mutual funds
B. KYC Compliance Process
C. KYC Registration Agencies
D. Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standards (CRS)
E. Payment mechanisms for purchasing and redemption of mutual funds units
F. Allotment of mutual fund units 
G. Time Stamping and Cut-off time 
H. Mutual Fund transactions through stock exchanges 
I. Growth, Dividend, and dividend re-investment options in a mutual fund.
J. Types of systematic transactions 
K. Statement of Accounts 
L. Nomination, pledge/ lien of units, change in folio details, transmission of units
M. Other investor services and facilities offered by mutual funds.

A. Performance of equity funds 
B. Performance of debt funds, gold funds and real estate 
C. Kinds of returns, such as simple, annualized and compounded returns. 
D. SEBI norms regarding return representation of mutual funds in India
E. Risk in an equity fund, debt fund and other funds (hybrid, gold and real estate)
F. Risk measures of mutual funds
G. Benchmarking performance
H. Fund manager performance 
IX. Mutual Fund Scheme Selection
A. Steps in selecting the funds 
B. Concept and selection of mutual fund scheme
C. Sources of data to track mutual fund performance
X. Selecting the Right Investment Products for Investors
A. Savings and Investment
B. Inflation Risk
C. Concept and features of physical and financial assets

A. Steps in selecting the funds 
B. Concept and selection of mutual fund scheme
C. Sources of data to track mutual fund performance

A. Savings and Investment
B. Inflation Risk
C. Concept and features of physical and financial assets

A. Concept of financial planning
B. Financial planning needs to the life cycle stage of the investor
C. Stages in the wealth cycle model of investor

A. Risk profiling tools
B. Asset allocation 
C. Model portfolios for investors
D. Behavioral biases in investment decision making

NISM-Series-V-A: Mutual Fund Distributors Certification Examination

Revision of NISM-Series- V-A: Mutual Fund Distributors (MFD) Certification Examination w.e.f August 14, 2018

This certification as it will give you required basic knowledge on Mutual Funds.

It gives minimum knowledge for an Individual Mutual Fund Distributor, Employees of organization engaged in sales and distribution of Mutual funds, Employees of Asset Management Companies especially persons engaged in sales and distribution of Mutual Funds persons involve in selling and distributing mutual fund.

Also it gives you information to start independently as a Mutual Funds Distributor in India as per AMFI, SEBI.

 

Assessment Structure:

The NISM-Series-V-A Mutual Fund Distributors (MFD) Certification  Examination will be a 100 marks examination to be completed in 2 hours. It will have 100 questions of 1 mark each. There will be no negative marking. The passing score for the examination is 50%

Test Details:

Fees (Rs.) Test Duration (In Minutes) No. of Questions Max. Marks Pass Marks* (%) Certificate Validity (In Years)
1500+
120
100
100
50
3

NISM-Series-V-A: Mutual Fund Distributors Certification Examination

* No Negative marking
+ Payment gateway charges extra.
# Passing Certificate will be issued only to those candidates who have furnished/updated their Income Tax Permanent Account Number (PAN) in their registration details.

Weightage: 

NISM Currency Exam (CD) Syllabus Weightages (Syllabus wise question %)
Unit 1 Concept and Role of a Mutual Fund
6%
Unit 2: Fund Structure and Constituents
4%
Unit 3 Legal and Regulatory Environment
10%
Unit 4: Offer Documents
6%
Unit 5: Fund Distribution and Sale Practices
8%
Unit 6 Accounting, Valuation and Taxation
10%
Unit 7: : Investor Services
12%
Unit 8: Risk, return and performance of funds
10%
Unit 9 : Scheme Selection
10%
Unit 10: Selecting the Right Investment products for Investor
9%
Unit 11: Helping Investors with Financial Planning
7%
Unit 12: Recommending Model Portfolios and Financial Plans
8%

Programme Fees: Rs.10000+GST

Note : Examination fee of SEBI certification exam is extra.

Course Duration: 1 Month