NISM-Series-V-A: Mutual Fund Distributors Certification Examination
Enhance the quality of services as rendered by the Depository Participants
Course Highlights
Earn a certificate after passing an exam from NISM
Overview
Skills you will learn!
Derivatives
Finance
Commodity Trading
Futures
Derivatives Trading
Trading
Risk Management
Commodities
Forwards
Name of Module: NISM-Series-V-A: Mutual Fund Distributors Certification Examination?
 • Duration 120 mins
 • Format Multiple Choice
 • Number of Questions 100 Questions
 • Validity of Certificate: 3 Years
 • Exam Language English
 • Pass Score 50%
 * No negative marks for incorrect answers.
 + 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.
Course Curriculum
A. Investors and their Financial Goals
B. Savings or Investments?
C. Different Asset Classes
D. Investment Risks
E. Risk Measures and Management Strategies
F. Behavioral Biases in Investment Decision Making G. Risk Profiling
H. Understanding Asset Allocation
I. Do-it-yourself versus Taking Professional Help
A. Concept of a Mutual fund
B. Classification of Mutual Funds
C. Growth of the mutual fund industry in India
A. Structure of Mutual Funds in India
B. Key Constituents of a Mutual Fund
C. Organization Structure of Asset Management Company D. Role and Support
function of Service Providers
E. Role and Function of AMFI
A. Role of Regulators in India
B. Role of Securities and Exchange Board of India
C. Due Diligence Process by AMCs for Distributors of Mutual Funds D. Investor Grievance
   Redress Mechanism
E. AMFI Code of Conduct for Intermediaries
A. Mandatory Documents
B. Non-Mandatory Disclosures
A. The role and importance of mutual fund distributors
B. Different kinds of mutual fund distributors
C. Modes of distribution
D. Pre-requisites to become Distributor of a Mutual Fund
E. Revenue for a mutual fund distributor
F. Commission Disclosure mandated by SEBI
G. Due Diligence Process by AMCs for Distributors of Mutual Funds
H. Difference between distributors and Investment Advisors
I. Nomination facilities to Agents/Distributors and Payment of Commission to
Nominee
J. Change of distributor
A. Computation of Net Assets of Mutual Fund Scheme and NAV
B. Concept of Entry and Exit Load and its impact on NAV
C. NAV, Total expense ratio and pricing of units for the Segregated Portfolio
A. Applicability of taxes in respect of mutual funds
B. Capital Gains
C. Dividend income
D. Stamp Duty on Mutual Fund Units
E. Setting off of Capital Gains and Losses under Income Tax
Act F. Securities Transaction Tax
G. Tax benefit under Section 80C of the Income Tax Act
H. Tax Deducted at Source
I. Applicability of GST
A. The NFO process
B. New Fund Offer Price/On-going Offer Price for subscription C. Investment Plans and
Services
D. Allotment of Units to the Investor
E. Account statements for investments
F. Mutual Fund Investors
G. Filling the Application Form for Mutual Funds
H. Financial Transactions with Mutual Funds
I. Cut-off Time and Time Stamping
J. KYC Requirements for Mutual Fund Investors
K. Systematic Transactions
L. Operational aspects of Systematic Transactions
M. Non-Financial Transactions in Mutual Funds
N. Change in Status of Special Investor Categories
O. Investor transactions – turnaround times
A. General and Specific Risk Factors
B. Factors that affect mutual fund performance
C. Drivers of Returns and Risk in a Scheme
D. Measures of Returns
E. SEBI Norms regarding Representation of Returns by Mutual Funds in
India F. Risks in fund investing with a focus on investors
G. Measures of Risk
H. Certain Provisions with respect to Credit risk
A. Benchmarks and Performance
B. Price Return Index or Total Return Index
C. Basis of Choosing an appropriate performance
benchmark D. Benchmarks for equity schemes
E. Benchmarks for Debt Schemes
F. Benchmarks for Other Schemes
G. Quantitative Measures of Fund Manager Performance
H. Tracking Error
I. Scheme Performance Disclosure
A. Scheme Selection based on Investor needs, preference and risk-profile
B. Risk levels in mutual fund schemes
C. Scheme Selection based on investment strategy of mutual funds
D. Selection of Mutual Fund scheme offered by different AMCs or within the scheme
category E. Selecting options in mutual fund schemes
F. Do’s and Don’ts while selecting mutual fund schemes
Certificate Benefits:
- Better Job Opportunities and Career Advancement in the Financial Sector
- Improved knowledge and understanding of mutual fund products, which can help you provide better advice and service to your clients.
- Stay up-to-date
About Course Provider
About NISM:
National Institute of Securities Markets (NISM) is a public trust established in 2006 by the Securities and Exchange Board of India (SEBI), the regulator of the securities markets in India. The institute carries out a wide range of capacity building activities at various levels aimed at enhancing the quality standards in securities markets.
The institute’s six schools of excellence work in synergy towards creating professionalized 25 SEBI-mandated and voluntary examinations on various product and functional domains of securities markets conducted across 250+ accredited test centres across the country.
About Empirical F&M Academy:
A Centre of Excellence for Professional Trading Development and Enchase Empirical Academy, the education and training programmes have been spe- cially designed to meet the different needs of individuals and professionals. The education delivery formats such as seminars, courses and e-Training allow participants to choose their preferred mode of learning and achieve the desired learning outcomes.
Empirical Training Institute with long-term and Short term Job Oriented skill development courses with offline and online classes. Our specialization is in Job Oriented TrainingÂ
