NISM Series-II B (Registrar & Share Transfer Agents – Mutual Fund Certification Examination): Latest Syllabus

NISM Series-II B: All you need to know about

In this article, we’ve covered all you need to know about the NISM Series-II B Registrar & Share Transfer Agents-Mutual Fund Certification Examination, including the Syllabus, Registration and Fees, Marking, Duration, Validity, and more. This certification serves as the minimum requirement for associated persons employed or engaged, or about to be employed or engaged, by Registrars to Issue and Share Transfer Agents to execute any of the following duties for Mutual Funds:

1.Dealing or interacting with the investors or issuers;

2.Dealing, collecting or processing applications from the applicants;

3.Dealing with matters relating to corporate actions, refunds or redemptions, repurchase of securities, etc;

4.Handling redressal of investors’ grievances;

5.Responsible for internal control and risk management;

6.Responsible for any compliance of securities laws;

7.Responsible for any other activity performed under the Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993.

Examination Pattern:

There will be 100 questions in the examination, with a maximum mark of 100. The duration of the test is two hours, and the qualifying mark (%) is 50. This certification examination has a fee of Rs.1500. There is also a negative marking in this certification examination. The validity of this certification course is three years.

Examination Syllabus:

The syllabus for the NISM Certification Exam differs depending on whatever NISM exam participants choose. The NISM Series-II B Registrar & Share Transfer Agents-Mutual Fund Certification Examination syllabus is available here.

UNIT NAME WEIGHTAGE 
Introduction to Securities 20%
Characteristic of Equities
Characteristics of Debt Securities
Characteristics of Other Securities
SEBI- Role and Regulations
Basics of Registrars and Transfer Agents  

25%

Registrars and Transfer Agents Regulations
Basics of Mutual Funds
Structure and Constituents of Mutual Funds  

25%

Mutual Fund Products
Operational Concepts of Mutual Funds
Investors in Mutual Funds  

30%

Banking Operations in Mutual Funds
Financial Transactions
Non-financial Transactions

 

NISM Series-II B Registrars and Share Transfer Agents – Mutual Fund Certification Examination Online Test Series

I.Introduction to Securities

  • Introduction to Equity and Debt
  • Features of Equity Capital and Benefits to Equity Investors
  • Features of Debt Capital and Benefits to Debt Investors
  • Hybrid Structures

II. Characteristics of Equity Shares

  • Investors in Equity Shares
  • Rights of a Shareholder
  • Risks in Equity Investing
  • Equity Terminology
  • Corporate Actions
  • Preference Shares
  • Rights Issue of Shares
  • Preferential Issue

III. Characteristics of Debt Securities

  • Features of a Debt Security
  • Market Value of a Debt security
  • Yield from Debt Instruments
  • Types of Debt Securities
  • Classification of Debt Market
  • Credit Rating
  • Money Market Instruments

IV. Characteristics of Other Securities

  • Warrants
  • Convertible Debentures
  • Depository Receipts
  • Foreign Currency Convertible Bond (FCCB)
  • Exchange Traded Funds (ETFs) and Index Funds
  • Investment Trusts

V. SEBI – Role and Regulations

  • Securities and Exchange Board of India Act, 1992 and Role of SEBI
  • SEBI Regulations specifically aimed at Investor Protection
  • Investor Education and Protection Fund (IEPF)
  • SEBI Regulations for Registrars and Transfer Agents

VI. Basics of Registrars and Transfer Agents

  • Introduction
  • Investor Service Centre (ISC) and Official Point of Acceptance (OPA)
  • Qualified Registrar and Transfer Agents (QRTAs)
  • RTA and Depository Interface
  • Industry Overview

VII. Registrar and Transfer Agents Regulations

  • Guidelines under SEBI (LODR) Regulations 2015
  • SEBI (Registrars to an Issue and Share Transfer Agents) Regulations 1993
  • Enhanced Monitoring Guidelines for QRTAs
  • Cyber Security and Cyber Resilience Framework for QRTAs
  • Systems Audit Framework
  • Segregated Portfolios
  • Ultimate Beneficial Owner

VIII. Basics of Mutual Funds

  • Introduction to Mutual Funds
  • Advantages of Mutual Funds
  • Open Ended and Close Ended Mutual Funds
  • Assets under Management (AUM)
  • Total Expense Ratio
  • Net Assets

IX. Mutual Fund Structure and Constituents

  • Sponsor
  • Trustees
  • Asset Management Company (AMC)
  • Custodians
  • Regulation of Mutual Funds
  • Constituents and Service Providers

X. Mutual Fund Products

  • Product Differentiation
  • Types of Mutual Fund Plans
  • Features of Mutual Fund Products
  • Product Labelling
  • Strategy-based Classification
  • Product Creation Process
  • Scheme related Documents
  • Types of Mutual Funds

XI. Operational Concepts of Mutual Funds

  • New Fund Offer (NFO)
  • On-going/ Continuous Offer
  • Computation of Net Asset Value (NAV)
  • Applicable NAV
  • Time Stamping and Risk Control
  • Cut Off Time
  • Investing in Mutual Funds through Stock Exchanges
  • Holding Units in Dematerialized Form
  • Role of RTA in Tax Computation
  • Reporting Requirements to Central Board of Direct Taxes (CBDT)

XII. Investors in Mutual Funds

  • Individual Investors
  • Institutional Investors
  • Investor Information and Documentations
  • Know Your Customer (KYC) Norms
  • Power of Attorney
  • Nomination
  • FATCA and CRS Compliance

XIII. Banking Operations in Mutual Funds

  • Payment Mechanism
  • Bank Accounts maintained by Mutual Funds
  • Electronic Clearing Mechanisms
  • Role of Registrars and Transfer Agents (RTAs) in Banking Operations

XIV. Financial Transactions

  • Application Form Vs Transaction Slip
  • Purchase Transactions
  • Redemptions
  • Account Statements for Investments
  • Switch
  • Systematic Transactions
  • Turn-around-times for various Financial Transactions with Mutual Funds
  • Role of RTA in Commission Payment

XV. Non-Financial Transactions

  • Change in Name (Individual Investors)
  • Change of Address
  • Change of Bank Details
  • Change/Updation of Other Details
  • Minor becoming Major
  • Registration of Power of Attorney (PoA)
  • Registration of Nominee
  • Pledge and Lien Marking
  • Transmission of Units
  • Change in Option
  • Change in Corporate Name or Status
  • Investor Grievance Redressal
  • Value Added services by RTAs

How to Pass Examination:

As you already know that the Mock Tests or Online Test Series are quite important tools for passing any competitive examination. Here in this article we have come up with the online test series for NISM Series-II B Registrar & Share Transfer Agents-Mutual Fund Certification Examination. Candidates who want to get NISM Series-II B Registrar & Share Transfer Agents-Mutual Fund Certification can take our NISM Series-II B Registrar & Share Transfer Agents-Mutual Fund Certification Examination Online Test Series. This NISM Series-II B Registrar & Share Transfer Agents-Mutual Fund Certification Examination Online Test Series includes the most essential and frequently asked questions in the Examination. Candidates will also be furnished with a detailed explanation of each question in this Online Test Series. This NISM Series-II B Registrar & Share Transfer Agents-Mutual Fund Certification Examination Online Test Series is a great opportunity for all aspirants.

NISM Series-II B Registrar & Share Transfer Agents-Mutual Fund Certification Examination Online Test Series includes:

  • 850 Total Questions
  • Detailed Explanation of each question
  • 100 Question & 120 Minutes for each mock
  • Based on Latest Pattern and Previous Year Paper

NISM Series-II B Registrar & Share Transfer Agents-Mutual Fund Certification Examination Online Test Series Salient Feature:

  • Actual Exam Pattern Based Test Series
  • Language: English Medium
  • 100% Success Rate
  • Validity: 3 Months
  • Access on Web and APP 24/7

NISM Certification Courses : Eligibility , Scope , Validity & Complete Guide

NISM Series-II B Registrars and Share Transfer Agents – Mutual Fund Certification Examination Online Test Series

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