The book provides a comprehensive guide to improving the mutual fund industry’s sales, distribution, and support services. It includes an introduction to mutual funds, an exploration of their role and structure, a variety of mutual fund schemes and their characteristics, and the fundamentals of accounting, valuation, and taxation in mutual funds. Furthermore, the book discusses the distribution of mutual funds, scheme evaluation techniques, and services offered to current and potential investors.

This book aims 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 the sales and distribution of Mutual Funds
• Employees of Asset Management Companies, especially persons engaged in sales and distribution of Mutual Funds

This book will be immensely useful to those who want to understand the Indian mutual fund industry better.

The Present Publication is the August 2023 workbook version, published exclusively by Taxmann for NISM Certification Examination V-A [Mutual Fund Distributors], with the following noteworthy features:

• [Know the Basics] of Mutual Funds, their role and structure, different kinds of mutual funds schemes and their features
• [Understand] how mutual funds are distributed in the marketplace, 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
• Coverage of this book includes:
  • Investment Landscape
  • Concept and Role of a Mutual Fund
  • Legal Structure of Mutual Funds in India
  • Legal and Regulatory Framework
  • Scheme Related Information
  • Fund Distribution and Channel Management Practices
  • Net Asset Value, Total Expense Ratio and Pricing of Units
  • Taxation
  • Investor Services
  • Risk, Return and Performance of Funds
  • Mutual Fund Scheme Performance
  • Mutual Fund Scheme Selection

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.