NISM-Series-V-A: Mutual Fund Distributors Certification

Mode of Delivery: Online Live Interactive + Online Self-paced*

Duration: 24 Hours 

Study Materials: 

• Recording available of online live sessions (for 90 days)
• PPTs (700+ slides) & Excel sheets.
• 800+ MCQs with explanation
• Quick revision summary notes
• Career Guidance/Counseling

This certification establishes a standardized knowledge benchmark for individuals involved in mutual fund sales and distribution, including:

• Individual mutual fund distributors.
• Employees of organizations and Asset Management Companies engaged in mutual fund sales and distribution.

The certification enhances the quality of mutual fund sales, distribution, and support services. NISM has specified this examination to be the requisite standard for associated persons including distributors, agents, brokers, sub-brokers or called by any other name, employed or engaged or to be employed or engaged in the sale and/or distribution of mutual fund products.

Upon successful completion of the training, candidates will:

• Understand mutual funds, their types, features, and market role.
• Evaluate schemes, recommend suitable products, and provide advisory services.
• Grasp legal, accounting, valuation, and taxation aspects of mutual funds.
• Apply financial planning principles to foster long-term client relationships.

Assessment Details: 

• 100 multiple-choice questions (1 mark each).
• Duration: 2 hours.
• Passing Score: 50%.
• No negative marking.
• Certificate Validity: 3 years

* Online Self-paced contents access will be provided for 90 days to the user only.

ICAPITAL ACADEMY & CORPORATE ADVISORY LLP:

The Institute is Leading Excellence in Financial Education and Advisory Services

Since its establishment in October 2020, ICAPITAL Academy has become a premier institution in financial education and professional advisory services. We specialize in delivering NISM certification programs and Financial Market training through versatile formats, including online, self-paced, and classroom courses, tailored to diverse learning preferences and professional aspirations.

Our comprehensive educational offerings span finance, securities markets, and allied domains, providing participants with a robust understanding of the financial ecosystem. Through our coaching centers and innovative learning platforms, we deliver a holistic educational experience, empowering individuals with the skills and insights to succeed in competitive financial landscapes.

ICAPITAL Academy also excels in corporate training and human resource development, designing bespoke programs that enhance workforce competency and organizational growth. Our services aim to equip teams with the tools needed to navigate complex financial markets confidently.

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Expanding both domestically and globally, ICAPITAL Academy aims to become a leader in financial knowledge dissemination. Our specialized job-oriented courses, covering areas such as Financial Modeling, Stock Market, Derivatives, Forex, Technical and Fundamental Analysis, and Mutual Funds, are meticulously designed to prepare participants for industry demands.

At ICAPITAL Academy, we prioritize quality education delivered by industry experts, enabling informed investment decisions and professional excellence. Our commitment to innovation and expertise positions us as a catalyst for growth in the ever-evolving financial world.

About NISM:

The National Institute of Securities Markets (NISM), established by SEBI in 2006, enhances securities market standards through capacity-building initiatives. It offers 29 SEBI-mandated and voluntary certifications across 250+ test centers and manages six schools of excellence.

NISM Certification
Under SEBI regulations, NISM provides:

• Mandatory certification for securities market intermediaries.
• Continuing Professional Education (CPE) for certificate renewal.

Certificates are valid for three years and can be renewed by passing the relevant exam or completing a one-day CPE program within 12 months of expiry.

Test Objectives:

Candidates who pass the examination will 

• Understand mutual funds, their types, features, and market role.
• Evaluate schemes, recommend suitable products, and provide advisory services.
• Grasp legal, accounting, valuation, and taxation aspects of mutual funds.
• Apply financial planning principles to foster long-term client relationships.

Course Details:

• Duration: 24 Hours
• NISM exam registration fees not included in the above mention Course Fee.
• PPTs (700+ Slides) and 800+ MCQ for practice (mock exams & mock paper shared for self-practice).
• Sessions would cover doubt solving from the Mock Exams.
• Online Interactive Session for the practice on software’s required in particular module

Eligibility:

Associated persons including distributors, agents, brokers, sub-brokers or called by any other name, employed or engaged or to be employed or engaged in the sale and/or distribution of mutual fund products. Interested students/professionals Any other individuals

• Interested students/professionals.
• Students (10th, 10+2, Undergraduates, Graduates, Post- graduation)
• Investors and traders
• RM, SRM, & Dealers who would like to enhance their career opportunities.
• Any other individuals

Curriculum Overview: 

Mutual Fund Distributors Certification

I. Investment Landscape

• Identifying investor goals, savings vs. investments, asset classes, and risks.
• Risk management strategies, behavioral biases, risk profiling, and asset allocation.
• Professional financial help vs. DIY investing.

II. Concept and Role of a Mutual Fund

• Definition, types, and industry growth in India.

III. Legal Structure of Mutual Funds

• Fund structure, key entities, AMC organization, and service providers.
• AMFI’s role and functions.

IV. Legal and Regulatory Framework

• Roles of regulators, SEBI, due diligence, grievance redressal, and AMFI’s code of conduct.

V. Scheme-Related Information

• Mandatory and optional disclosures in mutual fund schemes.

VI. Fund Distribution and Management

• Types of distributors, distribution modes, eligibility criteria, and revenue sources.
• SEBI-mandated commission disclosure, due diligence, and differences between distributors and advisors.
• Nomination facilities, commission payments, and distributor changes.

VII. NAV, Expense Ratio, and Pricing

• NAV computation, entry/exit load, and unit pricing for segregated portfolios.

VIII. Taxation

• Tax implications, capital gains, dividend income, stamp duty, and tax benefits under Section 80C.
• GST, TDS, and securities transaction tax.

IX. Investor Services

• NFO processes, subscription pricing, investment plans, and account statements.
• Financial and non-financial transactions, KYC requirements, and systematic transactions.
• Operational aspects, turnaround times, and special investor categories.

X. Risk, Return, and Performance

• Risk factors, performance drivers, return measures, and SEBI norms for representation.
• Risk measures and credit risk provisions.

XI. Mutual Fund Scheme Performance

• Benchmarks, performance metrics, tracking error, and performance disclosure norms.

XII. Scheme Selection

• Aligning schemes with investor needs, risk levels, and strategies.
• Comparing AMC offerings and selecting within categories.
• Best practices for mutual fund selection.