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NISM Series V-A Mutual Fund Distributors Certifications exam
Rating: 3.9 out of 5(61 ratings)
185 students

NISM Series V-A Mutual Fund Distributors Certifications exam

NISM V-A Mutual Fund Distributors certification exam. Mutual Fund Investment, different schemes, taxation, distribution.
Created bySuresh Chandra Sharma, CFA
Last updated 10/2021
English

What you'll learn

  • Mutual Funds in India, legal structure, different type of schemes, how to select right scheme, taxation, distribution and other aspects.
  • This course will help you clear NISM V-A Mutual Fund Distributors Certification Examination in India.
  • It will give you the detailed understanding about Indian Mutual Fund Industry.
  • This course will be helpful for people who want understand about various schemes, select the right scheme category and taxation in case of short and long term.

Course content

1 section • 13 lectures • 4h 32m total length

  • About the course1:30
  • Investment landscape26:59

    This lecture will cover -

    Ø Investors and their financial goals

    Ø Saving or investment

    Ø Different asset classes

    Ø Investment risks

    Ø Risk measures and management strategies

    Ø Behavioral biases in investment decision making

    Ø Risk profiling

    Ø Understanding asset allocation

    Ø Do-it-yourself v/s taking professional help

  • Concept and role of a mutual fund35:14

    This lecture will cover-

    - Concept and role of mutual funds

    - Classification of mutual funds

    - Growth of mutual fund industry in India

  • Legal structure of mutual funds in India12:17

    This lecture will cover -

    - Legal Structure of mutual funds

    - Key Constituents of a Mutual Fund

    - Organization Structure of Asset Management Company

    - Role and support functions of service providers of mutual funds

  • Legal and regulatory framework18:14

    This lecture will cover-

    • Role of regulators in India

    • Role of SEBI in regulating mutual funds

    • Due Diligence Process by AMCs for Distributors of Mutual Funds

    • SEBI Advertisement Code for mutual funds

    • Investor Grievance and Redress Standards

    • AMFI Code of Ethics and AMFI Code of conduct for Intermediaries

  • Scheme related information17:20

    This lecture will cover -

    • Mandatory Documents

        o Scheme Information Document

        o Statement of Additional Information

        o Key Information Memorandum

    • Non-Mandatory Documents

  • Fund distribution and channel management practices11:40

    This lecture will cover -

    Ø Role and importance of mutual fund distributors

    Ø Different kinds of mutual fund distributors

    Ø Modes of distribution

    Ø Pre-requisites to become a mutual fund distributor

    Ø Revenue of a mutual fund distributor

    Ø Commission disclosure mandated by SEBI

    Ø Due Diligence Process by AMCs for Distributors of Mutual Funds

    Ø Nomination facilities for mutual fund distributors

    Ø Change of distributors

  • Net asset value, total expense ratio and pricing of units24:25

    This lecture will cover -

    • Fair Valuation Principles and relevance for investors

    • Computation of Net Assets of mutual fund scheme

    • Dividends & Distributable Reserves

    • Concept of Entry and Exit Load and its impact on NAV

    • Key accounting and reporting requirements applicable to mutual funds

    • NAV, Total expense ratio and pricing of units for the Segregated Portfolio

  • Taxation19:35

    This lecture will cover -

    Ø Applicability of taxes in respect of mutual funds

    Ø Capital Gains

    Ø Dividend Income

    Ø Difference between dividend distribution tax and capital gains tax

    Ø Setting off Gains and Losses under Income Tax Act

    Ø Securities Transaction Tax

    Ø Tax benefits under Section 80 C of Income Tax Act, 1961

    Ø Tax Deducted at Source

  • Investor services31:16

    This lecture will cover -

    • New Fund Offer Process

    • NFO price and on-going price for subscription of mutual fund schemes

    • Investment Plans and Options

    • Allotment of mutual fund units to investors

    • Content and periodicity of Statement of Account

    • Mutual Fund Investor

    • Application form of mutual funds

    • Financial Transactions in mutual funds through online and physical

    mechanism

    • Cut-off timing and Time stamping

    • KYC requirements for mutual fund investors

    • Different types of systematic transactions

    • Operational aspects of Systematic Transactions

    • Process of Non-Financial Transactions in Mutual Funds

    • Change in Status of Special Investor Categories

    • Investor transactions – turnaround times

  • Risk, return and performance of funds30:08

    This lecture will cover -

    Ø General and Specific risk factors

    Ø Factors affecting mutual fund performance of different schemes

    Ø Drivers of returns and risk in a scheme

    Ø Measures of returns

    Ø SEBI norms regarding return representation of returns by mutual funds in India

    Ø Risks in fund investing with a focus on investors

    Ø Various risk measure

    Ø Certain Provisions with respect to Credit risk

  • Mutual fund scheme performance22:40

    This lecture will cover -

    Ø Concept of Benchmarks and Performance in case of mutual funds

    Ø Difference between Price Returns Index versus Total Returns Index

    Ø Basis of Choosing an appropriate performance benchmark

    Ø Benchmarks for Equity Schemes

    Ø Benchmark for Debt Schemes

    Ø Benchmark for Other Schemes

    Ø Quantitative measures of fund manager performance

    Ø Sources to track mutual fund performance

    Ø Sources of Scheme Performance Disclosures

  • Mutual fund scheme selection20:50

    This lecture will cover -

    • Scheme Selection based on Investor’s need, preferences and risk-profile

    • Risk level in mutual fund schemes

    • Scheme Selection based on Investment Strategy of Mutual Fund

    • Fund performance, fund portfolio, fund age, fund size, portfolio turnover and scheme expenses.

    • Selection of Mutual Fund scheme offered by different AMCs or within the scheme category

    • Selecting options in mutual fund schemes

    • Do’s and Don’ts while selecting mutual fund schemes

Requirements

  • No

Description

This course is based on the workbook of NISM V-A Mutual Fund Distributors module and my practical life experience of working with AMCs for more than 8 years.

The course covers all important topics to enhance the quality of sales, distribution and related support services in the mutual fund industry. It covers topics related to the basics of mutual funds, their role and structure, different kinds of mutual fund schemes and their features, accounting, valuation and taxation aspects underlying mutual funds and their distribution. The course also discusses the concept of scheme evaluation, services to investors and prospective investors. It will be immensely useful to all those who want to have a better understanding of Indian mutual fund industry.

Post attending this course, candidate will -

• Know the basics of mutual funds, their role and structure, different kinds of mutual fund schemes and their features.

• Understand how mutual funds are distributed in the market-place, how schemes are to be evaluated, and how suitable products and services can be recommended to investors and prospective investors in the market.

• Get oriented to the legalities, accounting, valuation and taxation aspects underlying mutual funds and their distribution.


The examination seeks to create a common minimum knowledge benchmark for all persons involved in selling and distributing mutual funds including:

• Individual Mutual Fund Distributors

• Employees of organizations engaged in sales and distribution of Mutual Funds

• Employees of Asset Management Companies especially persons engaged in sales and distribution of Mutual Funds


Who this course is for:

  • Mutual Fund Investors, Finance Students who want to build career in financial industry, people involved in sales & distribution of mutual funds or looking for job in investment industry, Employees of Bank, Mutual Funds, Stock-Broking companies, Wealth management Companies, Insurance Agents and employees, Finance Students.

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