Introduction

National Institute of Securities Market, formed by SEBI, is a public trust. The main objective of this trust, is to promote education and research of the Indian Securities Market. It provides educational needs to the various market participants such as investors, issuers, policy makers, regulatory staff, intermediaries, etc. It has been assigned with  the responsibility of carrying out certification examinations for different professionals working in various parts of the Indian Securities Market.

NISM Series VA: Mutual Fund Distributor Certification Examination aims  to create a common basic  knowledge standard  for all individuals engaged in selling and distributing mutual funds including:

• Individual Mutual Fund Distributors
• Employees of organizations involved  in sales and distribution of Mutual Funds
• Employees of Asset Management Companies particularly individuals  engaged in sales and distribution of Mutual Funds

This  certification seeks to increase the quality of sales, distribution and  other related support services in the mutual fund industry.

 

Objective

After successfully completing the examination: the candidates should

• Understand the basics of  mutual funds such as their role. Structure, different mutual fund schemes features etc.
• Learn about the distribution of mutual funds, evaluation of mutual fund schemes , recommendation of suitable products and services to both investors and prospective investors in the market
• Know about the legal ,accounting and taxation aspects of underlying mutual funds and their distribution
• Get familiar with the concept of financial planning as an  approach to investing in mutual funds as well as a tool for the mutual fund distributors to develop long term  relationships with their clients.

Benefits

This course aims to help the students to undertake a thorough preparation for their NISM Series VA exam by providing them with a series of chapter-wise tests , comprehensive test as well as study material in the form of NISM Series V(A) Workbook as well as chapterwise pdfs.. After clearning this exam, students are eligible to apply for the license  - ARN (AMFI Registration No.) to AMFI for selling mutual funds, i.e.,they can become a distributor of mutual funds.

Topics Covered

• Concept and Role of a Mutual Fund
• Fund Structure and Constituents
• Legal and Regulatory Environment
• Offer Document
• Fund Distribution and Sale Practices
• Accounting,Valuation and Taxation
• Investor Services
• Risk Return and Performance of Funds
• Scheme Selection
• Selecting the Right Investment products for Investors
• Helping Investors with Financial Planning
• Recommending Model Portfolios and Financial Plans

Intended Participants

The following   individuals can take NISM-Series-V-A: Mutual Fund Distributors Certification Examination:

• Affiliated  persons  such as distributors, agents, brokers, sub-brokers or any other individual , employed or engaged  to be employed or involved  in the sale and/or distribution of mutual fund products.
• Interested students/professionals
• Any other individuals

Summary

•  Chapterwise Tests
•  Full-Length Tests
•  30+ Supplementary Study Materials