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NISM MUTUAL FUND PDF

Thursday, June 13, 2019


Download NISM Study Material PDF and Workbooks like Mutual Fund, Equity Derivatives, Currency, Depository, Investment Adviser, Research Analyst & more. NISM-Series-V-A: Mutual Fund Distributors Certification Examination. 1 of Securities Markets (NISM) Certification Examination for Mutual Fund Distributors. NISM-Series-V-A: Mutual Fund Distributors Certification Examination. Curriculum. I. Concept and Role of a Mutual Fund. A. Concept of a mutual fund. B.


Nism Mutual Fund Pdf

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IN - Free download as PDF File .pdf), Text File .txt) or read online for free. MUTUAL FUND ADVISOR EXAM BY AMFI IS NOW NISM MUTUAL FUND EXAM. NISM V_A Sample Questions - Free download as Word Doc .doc), PDF An open-ended mutual fund is one that has: a. an option to invest in any kind of. NISM-Series-Il-B: Registrars to an Issue and. Share Transfer Agents - Mutual Fund. NISM-Series-III A: Securities Intermediaries. Compliance (Non-Fund).

Any cost is a drag on investors returns. Investors need to be particularly careful about the cost structure of debt schemes. Leveraging is taking large positions with a small outlay of funds.

AMFI – Association of Mutual Funds in India

Treasury Bills are short term debt instruments issued by the RBI. Certificates of Deposit are issued by Banks for 91 days to 1 year or Financial Institutions for 1 to 3 years. Commercial Papers are short term securities upto 1 year issued by companies. Governments and public sector companies tend to issue bonds, while private sector companies issue debentures. The difference between the yield on Gilt and the yield on a non-Government Debt security is called its yield spread.

A scheme should have a minimum of 20 investors at any point of time. However MF cannot invest Borrowed amount Amongst index schemes, tracking error is a basis to select the better scheme.

Lower the tracking error, the better it is. Similarly, Gold ETFs need to be selected based on how well they track gold prices.

Mutual fund research agencies assign a rank to the performance of each scheme within a scheme category ranking. Some of these analyses cluster the schemes within a category into groups, based on well-defined performance traits rating.

Indeed, the costs associated with switching between schemes are likely to severely impact the investors returns. The underlying returns in a scheme, arising out of its portfolio and cost economics, is what is available for investors in its various options viz. Dividend payout, dividend re-investment and growth options. Dividend payout option has the benefit of money flow to the investor; growth option has the benefit of letting the money grow in the fund on gross basis i.

Dividend reinvestment option neither gives the cash flows nor allows the money to grow in the fund on gross basis. Taxation and liquidity needs are a factor in deciding between the options. Financial assets have value, but cannot be touched, felt or used as part of their core value. Shares, debentures, fixed deposits, bank accounts and mutual fund schemes are all examples of financial assets that investors normally invest in.

The difference in comfort is perhaps a reason why nearly half the wealth of Indians is locked in physical assets.

Mutual Fund Distributors -Final_Version_June _2018.pdf -...

Wealth Tax is applicable on gold holding beyond the jewellery meant for personal use. Mutual fund schemes gold linked or otherwise and gold deposit schemes are exempted from Wealth Tax. Real estate in physical form has several disadvantages. Therefore, investors worldwide prefer financial assets as a form of real estate investment. Bank deposits and mutual fund debt schemes have their respective merits and demerits. Interest earned in a bank deposit is taxable each year.

However, if a unit holder allows the investment to grow in a mutual fund scheme, then no income tax is payable on year to year accretions. In the absence of the drag of annual taxation, the money can grow much faster in a mutual fund scheme.

The costs related to financial goals, in todays terms, need to be translated into the rupee requirement in future. An objective of financial planning is also to let the investor know in advance, if some financial goal is not likely to be fulfilled.

The process of financial planning helps in understanding the investor better, and cementing the relationship with the investors family.

This becomes the basis for a long term relationship between the investor and the financial planner. A goal-oriented financial plan is a financial plan for a specific goal.

An alternate approach is a comprehensive financial plan where all the financial goals of a person are taken together, and the investment strategies worked out on that basis. There are differences between investors with respect to the levels of risk they are comfortable with risk appetite.

Risk profiling is an approach to understand the risk appetite of investors - an essential pre-requisite to advice investors on their investments. Risk profilers have their limitations. Risk profile is influenced by personal information, family information and financial information. Spreading ones exposure across different asset classes equity, debt, gold, real estate etc. Some international researches suggest that asset allocation and investment policy can better explain portfolio performance, as compared to being exposed to the right asset classes asset allocation is a more critical driver of portfolio profitability than selection of securities within an asset class stock selection and investment timing.

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Strategic Asset Allocation is the ideal that comes out of the risk profile of the individual. Tactical Asset Allocation is the decision that comes out of calls on the likely behaviour of the market. The financial planner would have a model portfolio for every distinct client profile. Young married single income family with two school going kids 1. Third-party cheques are not accepted. Third-party cheques are accepted in special cases.

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SWIFT is used for abroad transfer and takes 2 or 3 days. Derivative Investments - Mutual Funds are barred from writing options they can buy options or purchasing instruments with embedded written options. Risk appetite increases as the number of earning members increases 2.

Risk appetite decreases as the number of dependent members increases 3. Risk appetite is higher when life expectancy is longer. Lower the age, higher the risk that can be taken. The book covers all important topics to enhance the quality of investment advisory and related services in the financial services industry.

It covers topics related to the structure and performance of securities markets, importance of asset allocation and impact of the market movement on the assets performance.

This course teaches practical aspect of product selection, portfolio construction, review and rebalancing based on clients need. The book also discusses the concept of compliance, operations and service elements in investment advice. Uma Shashikant, Ms. Sunita Abraham and Mr.

Ashwani Gupta. Issuers Compliance Certification Examination seeks to create a common minimum knowledge benchmark for Compliance Officers of listed companies and also companies which are proposed to be listed on the stock exchanges.

The book covers various aspects of capital market functions, the importance of the different rules and regulations governing the Indian securities market and the processes involved in various functions of registered Merchant Bankers and the regulatory environment in which it operates. Mutual Fund Distributors Certification Examination seeks 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 sales and distribution of Mutual Funds, employees of Asset Management Companies specially persons engaged in sales and distribution of Mutual Funds.

The book covers all important topics to enhance the quality of sales, distribution and related support services in the mutual fund industry. It covers topics related to the basics of mutual funds, their role and structure, different kinds of mutual fund schemes and their features, accounting, valuation and taxation aspects underlying mutual funds and their distribution.

This course teaches financial planning as an approach to investing in mutual funds, and an aid for advisors to develop long term relationships with their clients.

The book also discusses the concept of scheme evaluation, recommendation of suitable products and services to investors and prospective investors. Mutual Fund Distributors Level 2 Certification Examination seeks to create common minimum knowledge benchmark for associated persons, i.

Depository Operations Certification Examination seeks to create a common minimum knowledge benchmark for associated persons engaged or employed by a registered depository participant in a dealing or interacting with clients; b dealing with securities of clients; c handling redressal of investor grievances; d internal control or risk management; e activities having a bearing on operational risk; f maintenance of books and records pertaining to the above activities.

The book covers the various functions of depositories and their depository participants, the regulatory framework under which the depository system functions in India.

The book covers basics of the Indian securities market, the different products traded and the various market participants and the respective roles they play in the Indian securities market.

Investment Adviser Level 2 Certification Examination seeks to create a common minimum knowledge benchmark for all associated persons registered as an investment adviser and partners and representatives of investment advisers under SEBI Investment Advisers Regulations, and offering investment advisory services. It covers topics related to the basics of investment advisory, steps in the advisory process, making and implementation of a financial plan and evaluation of different products.

This course teaches financial planning as an approach to investing, insurance, retirement planning and an aid for advisers to develop long term relationships with their clients. The book also discusses the concept of Income tax, and legalities of Estate planning in personal finance, and regulatory aspects underlying advisory. Equity Sales Certification Examination seeks to create common minimum knowledge benchmark for all persons involved in the sale of equity products in order to enable a better understanding of equity markets, better quality investor service, operational process efficiency and risk controls.

The book covers basics of the Indian equity markets, risk, return and taxation aspects of equity, clearing, settlement and risk management as well as the regulatory environment in which the equity markets operate in India.

Securities Markets Foundation Certification Examination is for entry level professionals, who wish to make a career in the securities markets.

The book covers all important topics to impart basic knowledge of the Indian securities markets to the participants and the related rules and regulations. The book also covers the essential steps in financial planning process. The book covers the various operations of stock brokers, regulatory framework under which the stock brokers perform their various activities and various compliance and reporting requirements from audit perspective.

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Yes, a test conducted by AMFI d. The AMC ff. In such cases. Hubbak Khan.