The NISM Series V-A: Mutual Fund Distributors Certification is a mandatory certification for individuals engaged in the distribution and sales of mutual funds in India. This course is designed to provide a comprehensive understanding of mutual funds, their structure, functioning, regulatory framework, and the role of distributors in guiding investors.

Intended audience

Mutual Fund Advisor, Investment Advisor, Wealth Manager, Portfolio Manager, Mutual Fund Distributor, Financial Analyst, Asset Management Associate, Client Relationship Manager, Risk Analyst, Tax Consultant (Mutual Funds), Compliance Officer, Investor Services Manager, Fund Analyst, Fund Performance Analyst, Investment Operations Specialist, Regulatory Compliance Specialist, Fund Sales Manager, Mutual Fund Research Analyst, and Taxation Specialist (Mutual Funds).

Prerequisites

12th Pass

Assessment & certification

Assessment fee: Included — no extra fee
Assessment mode: Online proctored
Assessment type: MCQ
Assessment provider: FPA Edutech
Certificate provider: SWAYAM Plus and FPA Edutech

Syllabus

Week 1: I. INVESTMENT LANDSCAPE
Week 2: 1. Investors and their Financial Goals
Week 3: 2. Savings or Investments?
Week 4: 3. Different Asset Classes
Week 5: 4. Do-it-yourself versus Taking Professional Help
Week 6: II. CONCEPT AND ROLE OF A MUTUAL FUND
Week 7: 1. Concept of a Mutual fund
Week 8: 2. Classification of Mutual Funds
Week 9: 3. Growth of the mutual fund industry in India
Week 10: III. LEGAL STRUCTURE OF MUTUAL FUNDS IN INDIA
Week 11: 1. Structure of Mutual Funds in India
Week 12: 2. Key Constituents of a Mutual Fund
Week 13: 3. Organization Structure of Asset Management Company
Week 14: 4. Role and Support function of Service Providers
Week 15: 5. Role and Function of AMFI
Week 16: IV. LEGAL AND REGULATORY FRAMEWORK
Week 17: 1. Role of Regulators in India
Week 18: 2. Role of Securities and Exchange Board of India
Week 19: 3. Due Diligence Process by AMCs for Distributors of Mutual Funds
Week 20: 4. Investor Grievance Redress Mechanism
Week 21: 5. AMFI Code of Conduct for Intermediaries
Week 22: V. SCHEME RELATED INFORMATION
Week 23: 1. Mandatory Documents
Week 24: 2. Non-Mandatory Disclosures
Week 25: VI. FUND DISTRIBUTION AND CHANNEL MANAGEMENT PRACTICES
Week 26: 1. The role and importance of mutual fund distributors
Week 27: 2. Different kinds of mutual fund distributors
Week 28: 3. Modes of distribution
Week 29: 4. Pre-requisites to become Distributor of a Mutual Fund
Week 30: VII. NET ASSET VALUE, TOTAL EXPENSE RATIO AND PRICING OF UNITS
Week 31: 1. Computation of Net Assets of Mutual Fund Scheme and NAV
Week 32: 2. Concept of Entry and Exit Load and its impact on NAV
Week 33: 3. NAV, Total expense ratio and pricing of units for the Segregated Portfolio
Week 34: VIII. TAXATION
Week 35: 1. Applicability of taxes in respect of mutual funds
Week 36: 2. Capital Gains
Week 37: 3. Dividend income
Week 38: 4. Stamp Duty on Mutual Fund Units
Week 39: IX. INVESTOR SERVICES
Week 40: 1. The NFO process
Week 41: 2. New Fund Offer Price/On-going Offer Price for subscription
Week 42: 3. Investment Plans and Services
Week 43: 4. Allotment of Units to the Investor
Week 44: X. RISK, RETURN AND PERFORMANCE OF FUNDS
Week 45: 1. General and Specific Risk Factors
Week 46: 2. Factors that affect mutual fund performance
Week 47: 3. Drivers of Returns and Risk in a Scheme
Week 48: XI. MUTUAL FUND SCHEME PERFORMANCE
Week 49: 1. Benchmarks and Performance
Week 50: 2. Price Return Index or Total Return Index
Week 51: 3. Basis of Choosing an appropriate performance benchmark
Week 52: XII. MUTUAL FUND SCHEME SELECTION
Week 53: 1. Scheme Selection based on Investor needs, preference and risk-profile
Week 54: 2. Risk levels in mutual fund schemes
Week 55: 3. Scheme Selection based on investment strategy of mutual funds