Duration : 120 minutes
No. of questions : 100
Maximum marks : 100, Passing marks : 50 (50%); There is negative marking for incorrect answers.
Certificate Validity : For successful candidates, certificates are valid for 3 years from the test date.
Rs. 1,000/- (Rupees One Thousand only).
CONCEPT AND ROLE OF A MUTUAL FUND
Introduction, Types of Funds and Key Developments over the Years.
FUND STRUCTURE AND CONSTITUENTS
Legal Structure of Mutual Funds in India, Key Constituents of a Mutual Fund and Other Service Providers.
LEGAL AND REGULATORY ENVIRONMENT
Role of Regulators in India, Investment Restrictions for Schemes, Investors’ Rights & Obligations and Can a Mutual fund Scheme go Bust.
Offer Document – NFO, SID & SAI and Key Information Memorandum.
FUND DISTRIBUTION AND CHANNEL MANAGEMENT PRACTICES
Distribution Channels and Channel Management Practices.
ACCOUNTING, VALUATION AND TAXTION
Accounting & Expenses, Valuation and Taxation.
Mutual fund Investors, KYC Requirements for Mutual Fund Investors, PAN Requirements for Micro-SIPs, additional Documentation Requirements applicable for Institutional Investors, Demat Account, Transactions with Mutual Funds, Transactions through the Stock Exchange and Investment Plans & Services.
RETURN, RISK AND PERFORMANCE OF FUDS
Drivers of Returns in a Scheme, Measures of Returns, Drivers of Risk in a Scheme, Measures of Risk, Benchmarks & Performance and Quantitative Measures of Fund Manager Performance.
How to choose between Scheme Categories, How to select a Scheme within a Scheme Category, Which is the better option within a Scheme and Sources of Data to track Mutual Fund Performance.
SELECTING THE RIGHT INVESTMENT PRODUCTS FOR INVESTORS
Financial & Physical Assets, Gold – Physical or Financial, Fixed Deposit or Debt Scheme, New Pension Scheme and Other Financial Products.
HELPING INVESTORS WITH FINANCIAL PLANNING
Introduction to Financial Planning, Alternate Financial Planning Approaches and Life Cycle & Wealth Cycle Financial Planning.
RECOMMENDING MODEL PORTFOLIOS AND FINANCIAL PLANS
Risk Profiling, Asset Allocation and Model Portfolios.