This book seeks to enhance the knowledge of associated persons engaged in selling or distributing mutual fund products. It enables persons to have a better understanding of the features of the following:

• Advanced Mutual Fund Products
• Fund Valuation
• Fund Performance Measurements
• Investor Service & related Regulations

This book will be handy for those who want to understand the Indian mutual fund industry.

The Present Publication is the January 2022 workbook version, published exclusively by Taxmann for NISM Certification Examination V-C [Mutual Fund Distributors | Level 2], with the following noteworthy features:

• [Understand] the following:
  • [Features] of funds of the fund, exchange-traded funds, real estate mutual funds, real estate investment trusts (REITs), infrastructure investment trusts (InvITs), etc.
  • [Valuation] How equities, debt, derivatives and real estate are valued in mutual funds
  • [Processes] underlying investment in NFO, open-end/close-end schemes, ETF, and pledge process relating to mutual funds
  • [Ethical Requirements & Measures] to protect mutual fund investors
• [Know] the following:
  • [Legalities] of the real estate mutual funds, REITs & InvITs, investment restrictions applicable to mutual fund schemes, etc.
  • [Taxation] effect of mutual fund schemes and investors
• [Get Acquainted & Appreciate] the following points:
  • [Approaches to Managing Investment & Associated Risks] by fund managers
  • [Working of Alternate Investment Channels] such as stock exchanges & internet
  • [Selling Alternate Investment Products] and the issues involved
  • [Accounting Aspects] of NAV determination, investor’s transactions with the fund and corporate actions by investee companies
  • [Evaluation] of schemes
  • [Historical Perspective] of returns earned in different asset classes

The detailed coverage of this book is as follows:

• Investment Theory and Building Blocks
• Investment Strategies and Fund Categories
• Competitive Landscape
• Valuation of Securities for Mutual Fund Schemes and Accounting
• Taxation
• Investor Services
• Scheme Evaluation
• Legal and Regulatory Environment of Mutual Funds
• Ethics and Investor Protection
• Case Studies

About NISM Certifications:

NISM is a leading provider of high-end professional education, certifications, training and research in financial markets. NISM Certification programs aim to enhance the quality and standards of professionals employees in various segments of financial services sector. NISM’s School of Certification of Intermediaries (SCI) develops and conducts certification examinations and Continuous Professional Education (CPE) programs that aim to ensure that professional meet the defined minimum common knowledge benchmark for various critical market functions like:

• Mutual Funds
• Equities
• Derivatives
• Securities Operations
• Compliance
• Research Analysis
• Investment Advice

These Certifications and CPE Programs are being developed and administered by NISM as mandated under ‘Securities and Exchange Board of India (Certification of Associated Persons in the Securities Market) Regulations, 2007’. The Certifications creates quality market professionals and catalyzes greater investor participating in the markets. Certifications also provides structured career paths to students and job aspirants in the securities market.