curriculum - nse - national stock exchange of india ltd. · curriculum nism-series-v-c: mutual fund...
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NATIONAL INSTITUTE OF SECURITIES MARKETS Established by the Securities and Exchange Board of India
NISM-Series-V-C: Mutual Fund Distributor (Level 2) Certification Examination Page 1 of 2
Curriculum
NISM-Series-V-C: Mutual Fund Distributors (Level 2) Certification Examination
I. Mutual Fund StructuresA. Fund of FundsB. Exchange Traded FundsC. Real Estate Mutual FundsD. Venture Capital FundsE. Private Equity FundsF. International funds
II. Legal and Regulatory Environment of Mutual FundsA. Regulatory Framework for Real Estate Mutual FundsB. Investment Norms for Mutual FundsC. SEBI Norms for Mutual Funds’ investment in Derivatives D. SEBI norms with respect to change in controlling interest of an AMCE. Changes in Mutual Fund Schemes
III. Fund Distribution and Sales Practices A. Internet and Mobile TechnologiesB. Stock Exchanges
IV. Investment and Risk ManagementA. Fundamental AnalysisB. Technical AnalysisC. Quantitative AnalysisD. Debt Investment ManagementE. Issues for a Debt Fund ManagerF. DerivativesG. Application of Derivatives
V. Valuation of SchemesA. EquitiesB. DebtC. Non-Performing Assets and Provisioning for NPAsD. GoldE. Real Estate
NATIONAL INSTITUTE OF SECURITIES MARKETS Established by the Securities and Exchange Board of India
NISM-Series-V-C: Mutual Fund Distributor (Level 2) Certification Examination Page 2 of 2
VI. AccountingA. Net Asset ValueB. Investor TransactionsC. Distributable ReservesD. Unique Aspects of Real Estate Schemes Accounting
VII. TaxationA. Taxes for AMCs: Securities Transaction Tax and Income Distribution TaxB. Taxes for Investors: Securities Transaction Tax, Taxes on Dividend, Capital Gains, Set-off
and Carry Forward of Losses, Dividend Stripping and Bonus Stripping.
VIII. Investor ServicesA. New Fund OfferB. Open-end FundC. Closed-end FundD. Exchange Traded FundE. Nomination and Pledge
IX. Scheme EvaluationA. Measures of ReturnB. Measures of RiskC. Benchmarks and Relative ReturnsD. Risk-adjusted ReturnsE. Limitations of Quantitative Evaluation
X. Asset Classes and Alternate Investment ProductsA. Historical ReturnsB. Perspectives on Asset Class ReturnsC. Alternative Investment Products
XI. Cases in Financial PlanningA. Practical Aspects of Financial Planning (cases/examples)
XII. Ethics and Investor ProtectionA. Code of ConductB. Mis-sellingC. Safeguards in Mutual Fund StructureD. Regulatory Steps for Protecting Investors Against Fraud