NISM V-A Mutual Fund Distributor Certification Exam: Latest Syllabus

24/01/2022

NISM V-A MUTUAL FUND DISTRIBUTOR CERTIFICATION EXAM | Latest Syllabus | How to Pass Exam | Mock Test Series

In this article, we have come up with the complete details about NISM V-A Mutual Fund Distributors Certification Exam Syllabus, Registration and Fees, Marking, Duration and Validity, and more. The examination aims to provide a common minimum knowledge benchmark for all individuals involved in the sale and distribution of mutual funds, including:

Individual Mutual Fund Distributors
Employees of organizations engaged in sales and distribution of Mutual Funds
Employees of Asset Management Companies especially persons engaged in sales and distribution of Mutual Funds

The certification aims to enhance the quality of sales, distribution and, related support services in the mutual fund industry.

Nism V-A Mutual Fund Distributor Certification Exam Pattern:

There will be a total of 100 questions with a maximum mark of 100 in the examination. The duration of the test is two hours, and the qualifying mark (%) is 50. The fee for this certification exam is Rs.1500. There will be no negative marking in this examination. This certification course has a three-year validity period.

Nism V-A Mutual Fund Distributor Certification Exam Syllabus:

The NISM Certification Exam syllabus varies according to the NISM exam that candidates select. Here is the complete syllabus of the NISM V-A Mutual Fund Distributors Certification Exam

UNIT NAME	WEIGHTAGE
INVESTMENT LANDSCAPE	8%
CONCEPT AND ROLE OF A MUTUAL FUND	6%
LEGAL STRUCTURE OF MUTUAL FUNDS IN INDIA	4%
LEGAL AND REGULATORY FRAMEWORK	10%
SCHEME RELATED INFORMATION	10%
FUND DISTRIBUTION AND CHANNEL MANAGEMENT PRACTICES	6%
NET ASSET VALUE, TOTAL EXPENSE RATIO AND PRICING OF UNITS	8%
TAXATION	4%
INVESTOR SERVICES	15%
RISK, RETURN AND PERFORMANCE OF FUNDS	7%
MUTUAL FUND SCHEME PERFORMANCE	7%
MUTUAL FUND SCHEME SELECTION	15%

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NISM Series V A : Mutual Fund Distributors Certification Examination Online

I: INVESTMENT LANDSCAPE

Investors and their Financial Goals
Savings or Investments
Different Asset Classes
Investment Risks
Risk Measures and Management Strategies
Behavioral Biases in Investment Decision Making
Risk Profiling
Understanding Asset Allocation
Do-it-yourself versus Taking Professional Help

II: CONCEPT AND ROLE OF A MUTUAL FUND

Concept of a Mutual fund
Classification of Mutual Fund
Growth of the mutual fund industry in India

III. LEGAL STRUCTURE OF MUTUAL FUNDS IN INDIA

Structure of Mutual Funds in India
Key Constituents of a Mutual Fund
Organization Structure of Asset Management Company
Role and Support function of Service Providers
Role and Function of AMFI

IV.LEGAL AND REGULATORY FRAMEWORK

Role of Regulators in India
Role of Securities and Exchange Board of India
Due Diligence Process by AMCs for Distributors of Mutual Funds
Investor Grievance Redress Mechanism
AMFI Code of Conduct for Intermediaries

V.SCHEME RELATED INFORMATION

Mandatory Documents
Non-Mandatory Disclosures

VI. FUND DISTRIBUTION AND CHANNEL MANAGEMENT PRACTICES

The role and importance of mutual fund distributors
Different kinds of mutual fund distributors
Modes of distribution
Pre-requisites to become Distributor of a Mutual Fund
Revenue for a mutual fund distributor
Commission Disclosure mandated by SEBI
Due Diligence Process by AMCs for Distributors of Mutual Funds
Difference between distributors and Investment Advisors
Nomination facilities to Agents/Distributors and Payment of Commission to Nominee
Change of distributor

VII. NET ASSET VALUE, TOTAL EXPENSE RATIO AND PRICING OF UNITS

Computation of Net Assets of Mutual Fund Scheme and NAV
Concept of Entry and Exit Load and its impact on NAV
NAV, Total expense ratio and pricing of units for the Segregated Portfolio

VIII. TAXATION

Applicability of taxes in respect of mutual funds
Capital Gains
Dividend income
Stamp Duty on Mutual Fund Units
Setting off of Capital Gains and Losses under Income Tax Act
Securities Transaction Tax
Tax benefit under Section 80C of the Income Tax Act
Tax Deducted at Source
Applicability of GST

IX. INVESTOR SERVICES

The NFO process
New Fund Offer Price/On-going Offer Price for subscription
Investment Plans and Services
Allotment of Units to the Investor
Account statements for investments
Mutual Fund Investors
Filling the Application Form for Mutual Funds
Financial Transactions with Mutual Funds
Cut-off Time and Time Stamping
KYC Requirements for Mutual Fund Investors
Systematic Transactions
Operational aspects of Systematic Transactions
Non-Financial Transactions in Mutual Funds
Change in Status of Special Investor Categories
Investor transactions – turnaround times

X. RISK, RETURN AND PERFORMANCE OF FUNDS

General and Specific Risk Factors
Factors that affect mutual fund performance
Drivers of Returns and Risk in a Scheme
Measures of Returns
SEBI Norms regarding Representation of Returns by Mutual Funds in India
Risks in fund investing with a focus on investors
Measures of Risk
Certain Provisions with respect to Credit risk

XI. MUTUAL FUND SCHEME PERFORMANCE

Benchmarks and Performance
Price Return Index or Total Return Index
Basis of Choosing an appropriate performance benchmark
Benchmarks for equity schemes
Benchmarks for Debt Schemes
Benchmarks for Other Schemes
Quantitative Measures of Fund Manager Performance
Tracking Error
Scheme Performance Disclosure

XII. MUTUAL FUND SCHEME SELECTION

Scheme Selection based on Investor needs, preference and risk-profile
Risk levels in mutual fund schemes
Scheme Selection based on investment strategy of mutual funds
Selection of Mutual Fund scheme offered by different AMCs or within the scheme category
Selecting options in mutual fund schemes
Do’s and Don’ts while selecting mutual fund schemes

How to Pass Nism V-A Mutual Fund Distributor Certification Exam :

As you already know, Mock Tests are very essential for passing any examination. So, here we are providing you with the online mock test series for NISM V-A Mutual Fund Distributor Certification Exam that is based on the actual NISM Exam Pattern. Candidates who want to get NISM V-A Mutual Fund Distributors Certification can take our Online Mock Test Series for NISM V-A Mutual Fund Distributor Certification Exam where you will get the most important Questions asked in the Exam. NISM V-A Mutual Fund Distributors Online Mock Test Series is prepared by working professionals. NISM V-A Mutual Fund Distributors Online Mock Test Series is a great option for all aspirants.

NISM V-A Mutual Fund Distributors Online Mock Test Series Includes: