NISM-Series-V-A: M.F. Distributors Exam Preparation

Investment Landscape

Financial Goals
Impact of Inflation on Financial Goals
Understanding of Savings and Investment
Factors to evaluate investments
Different Asset classes Part 1
Different Asset classes Part 2
Investment Risks Inflation Risk
Investment Risks Liquidity Risk
Investment Risks Credit Risk
Investment Risks Market/Price Risk
Investment Risks Interest Rate Risk
Risk Measures and Management Strategies
Availability Heuristic
Herd Mentality
Loss Aversion
Risk Profiling
Do it yourself versus Taking Professional Help

Concept and Role of a Mutual Fund

Concept of Mutual Fund
Units and Asset Under Management (AUM)
Role
nvestment objective,Policy and Strategy
Classification of Mutual Funds
Types of Equity Funds Part 1
Types of Equity Funds Part 2
Types of Debt Funds Part 1
Types of Debt Funds Part 2
Types of Debt Funds Part 3
Types of Hybrid Funds
Solution Oriented Funds
Other Types of Funds Part 1
Other Types of Funds Part 2
Growth of the mutual fund industry in India

Legal Structure of Mutual Funds in India

Mutual Fund Structure with Example
3 Tier Structure
Custodian,R
Organisation Structure of Asset Management Company
Other service providers

Legal and Regulatory Framework

Legal and Regulatory Environment
Regulatory reforms by SEBI
Investment Restrictions
SEBI Advertising Code
SEBI Guidelines for Circulation of Unauthenticated News
Investor Rights
Unclaimed Amount
Investor Grievance Redress Mechanism

Scheme Related Information

ntroduction Offer Document
Scheme Information Document ( SID)
Statement of additional Information (SAI)
Key Information Memorandum (KIM)
Other Mandatory information/disclosure
Non- Mandatory information/disclosure

Fund Distribution and Channel Management Practices

The role and importance of mutual fund distributors
Different kinds of mutual fund distributors
Modes of distribution
Pre-requisites to become Distributor of a Mutual Fund
Procedure for getting empanelled as a mutual fund distributor with AMC
Revenue for a mutual fund distributor
TRAIL Commission
Transaction Charges
Commission Disclosure mandated by SEBI and Due deligence by SEBI
Nomination facilities to Agents/Distributors
Change of distributor

Net asset Value, Total expense Ratio and Pricing of Units

Fair Valuation Principles
Valuations 1
Valuations 2
Net Asset Value ( NAV ) and Mark to Market
Types of Expenses
Types of Expenses - example
Other Expenses
Dividends and Distributable Reserves
Concept of entry and Exit Load

Taxation

Introduction to Taxation
Capital Gains Tax
Taxability - (STT, Dividend Income, TDS, GST)
Setting off capital Gains and Losses, Limitations on set-off

Investor Services

The NFO process
Direct and Regular Plans
Dividend Pay-out, Dividend Re-Investment and Growth Options
Allotment of Units to the Investor
Account statements for investments
Who can Invest in Mutual Fund ?
Filling the Application Form for Mutual Funds Part 1
Filling the Application Form for Mutual Funds Part 2
Financial Transactions
Payment Mechanism for Repurchase of Units
Cut-Off Time
KYC
Additional Requirements applicable for Institutional Investors
Systematic Investment Approach
Switch and Dividend Transfer Plan
Operational aspects of Systematic Transactions
Demat Account
Change in Folio Details
Transmission of Units
Minor turned Major
NRI to Resident Indian
Investor transactions turnaround times

Risk, Return and Performance of Fund

Specific Risk Equity Schemes
Specific Risk Debt Schemes
Risks associated with investments in Securitized Assets
Credit Rating and Adequacy of Credit Enhancement
Risk Factors Associated with Investments in REITs and InvITs
Difference between market/systematic risk and company specific risk
Factors affecting Equity Portfolio
Funadamental and Technical Analysis
Valuation Ratios
Investment Styles Growth and Value
Factors affecting performance of Debt Schemes
Factors Affecting Performance of Gold Funds
Factors affecting performance of Real Estate funds
Measures of Returns
Measures of Risk
Gating or restriction on redemption in mutual funds
Segregated portfolio or side pocketing

Mutual Fund Scheme Performance

Benchmark
Price Return Index or Total Return Index
Quantitative Measures of Fund Manager Performance
Scheme Performance Disclosure
Metrics of Analysis in Factsheet

Mutual Fund Scheme Selection

Scheme Selection based on Investor needs, preferences and risk-profile
Core and Satellite portfolio
Risk levels in mutual fund schemes
Product Labelling
Scheme Selection based on investment strategy of mutual funds 1
Scheme Selection based on investment strategy of mutual funds 2
Selection of Mutual Fund scheme offered by different AMCs or within the scheme
Dos and Donts while selecting mutual fund schemes

NISM VA MOCK TEST

NISM VA MOCK TEST

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NISM-Series-V-A: M.F. Distributors Exam Preparation

Janak Patel

Instructor

Investment Landscape

Concept and Role of a Mutual Fund

Legal Structure of Mutual Funds in India

Legal and Regulatory Framework

Scheme Related Information

Fund Distribution and Channel Management Practices

Net asset Value, Total expense Ratio and Pricing of Units

Taxation

Investor Services

Risk, Return and Performance of Fund

Mutual Fund Scheme Performance

Mutual Fund Scheme Selection

NISM VA MOCK TEST

Course Ratings

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