NISM-Series-XXI-A: Portfolio Management Services (PMS) 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!
Accounting
Finance
Financial Planning
Taxation
Sales Accounting
Amfi
Asset Allocation
Mutual Funds
Due Diligence
Channel Distribution
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. Define Investment
B. Investment versus Speculation
C. Know the objectives of Investments
D. Estimating the required rate of return
E. Types of Investments
F. Channels for making investments
A. Define Securities Markets
B. Primary and secondary securities markets
C. Market participants and their activities
A. Equity as an investment
B. Diversification of risk through equity instruments
C. Risks of equity investments
D. Overview of Equity Market
E. Equity research and stock selection
F. Technical Analysis
G. Understanding corporate governance
A. Overview of Fixed Income Securities
B. Bond Characteristics
C. Determinants of bond safety
D. Analysis and Valuation of Bonds
E. Measuring price volatility for bonds
F. Determining Duration
A. Definition of Derivatives
B. Types of derivative products
C. Structure of derivative markets
D. Purpose of Derivatives
E. Introduction to Commodity and Currency Futures and Options
F. Underlying concepts in derivatives
A. Concept and Role of Mutual Fund
B. Benefits of investing through mutual funds
C. Legal Structure of Mutual Funds in India
D. Working of mutual funds
E. Types of Mutual fund products
F. Processes of investing in mutual funds
G. Legal and Regulatory Framework – Key SEBI Regulation
H. Fact Sheet – Scheme-Related Information
I. Net Asset Value, Total Expense Ratio, Pricing of Units
J. Mutual Fund Scheme Performance
K. Key performance measures
A. Overview of portfolio managers in India
B. Types of portfolio management services
C. Organizational Structure of PMS in India
D. Registration requirements of a Portfolio Manager
E. General Responsibilities of a Portfolio Manager
F. Administration of investor’s portfolio
A. Entities which can invest in PMS
B. Disclosures to the prospective clients
C. Process of onboarding of clients
D. Direct On-boarding in PMS
E. Liability in case of Default
F. Redressal of Investors grievances
G. Disclosures to the regulator
H. Costs, expenses, and fees of investing in PMS
A. Importance of Asset allocation decision
B. Understanding correlation across asset classes and securities
C. Steps in the Portfolio Management Process
D. Asset allocation decision
E. Strategic versus Tactical Asset Allocation
F. Re-balancing of Portfolio
A. Parameters to define performance – risk and return
B. Rate of return measures
C. Risk measures
D. Risk-adjusted return
E. Performance Evaluation: Benchmarking and peer group analysis
F. Performance attribution analysis
G. Performance reporting to the Investor
H. Due Diligence and Portfolio Manager selection
I. Global Investment Performance Standard (GIPS)
J. GIPS Advertisement Guidelines
A. Taxation of investors
B. Taxation of various streams of income
C. Section 9A of Income Tax
. Prevention of Money Laundering Act, 2002
B. SEBI (Prohibition of Insider Trading) Regulation 2015
C. SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to
Securities Market) Regulations, 2003
D. Securities and Exchange Board of India (Portfolio Managers)
Regulations, 2020
E. Best practices for portfolio Managers
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
