RTA Mutual Fund Certification Examination Overview

 

Change in address recorded with DP will get registered electronically with all companies / Asset Management Company (AMC) / Registrar and Transfer Agent (RTA) in which you hold securities / Mutual Fund Units. Thus, eliminating the need to correspond with each of them separately.

 

What are the course objectives?
  • Know the basics of securities and securities markets
  • Understand broadly the role and functions of the RTAs in the mutual fund issuance and transaction process.
  • Know the regulatory environment in which the RTAs operate in India.
Course Fees ?

 Fees Details

Name of Module: NISM-Series-II-B: Registrars to an Issue and Share Transfer Agents – Mutual Fund Certification Examination

Fees (Rs.) Test Duration (in minutes) No. of Questions Maximum Marks Pass Marks* (%) Certificate # Validity (in years)
1500+ 120 100 100 50 3
Benefits from this Course ?
  • A  Single View of Your Portfolio
  • It can help from single intermediary across asset classes
  • Help from member in case the service is not up to the mark
  • Eliminates needs for posting and visiting the Ms – office 

 

About us

 

The examination seeks to create a common minimum knowledge benchmark for persons working in Registrars to an Issue and Share Transfer Agents (R&T agent) organizations in the mutual fund R&T function, in order to enable better quality investor service, operational process efficiency, and risk controls.

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Syllabus 

 

CHAPTER-1: Introduction to Securities

  • Categorization of securities into equity, debt and hybrid
  • Characteristics of securities

CHAPTER-2: Characteristics of Equities

  • Rights of common shareholders
  • Par value, Face value and share premium
  • Dividend calculation and distribution
  • Authorized capital
  • Issued capital
  • Outstanding shares
  • Paid-up shares
  • Placement of preferred shares and features
  • Share buy-back
  • Rights issue

CHAPTER-3: Characteristics of Other Securities

  • Warrants
  • Types of convertible bonds
  • Types of depository receipts
  • Fully convertible currency bonds (FCCBs)

CHAPTER-4: Characteristics of Debt Instruments

  • Payment terms
  • Face value
  • Coupon
  • Term to maturity
  • Market value
  • Current yield
  • Yield to maturity
  • Corporate debt securities
  • Government securities
  • Methods of corporate debt retirement
  • Types of fixed and floating rate instruments and relevant benchmarks
  • Standards and significance of credit rating of debt instruments
  • Types and features of money market instruments
  • Types and features Government debt securities
  • Types and features Company fixed deposits

CHAPTER-5: Basics of Mutual Funds

  • Structure and objective of a mutual fund
  • Units of a fund, face value and ongoing value.
  • Benefits of mutual funds to investors
  • Characteristics of open and closed end funds
  • Assets Under Management (AUM)
  • Net Asset Value (NAV)
  • Unit Capital
  • Types of mutual fund products and classification by investment category
  • Returns as dividends and capital gains

CHAPTER-6: SEBI’s Role and Relevant Regulations

  • Securities market regulatory environment
  • Powers and Roles of SEBI
  • Investor Protection
  • SEBI (Registrars to an Issue and Share Transfer Agents) Regulations, 1993
  • SEBI (Intermediaries) Regulations, 2008
  • SEBI (Depositories and Participants) Regulations, 1996

CHAPTER-7: Structure and constituents of Mutual Funds

  • Structure of a mutual fund
  • SEBI guidelines for setting up of mutual funds
  • Appointment and regulations related to sponsor, trustees and asset management company
  • Appointment and regulations related to custodian, Registrar and Transfer (R&T) agent, banks, auditors and distributor
  • Role and functions of the R&T agent

CHAPTER-8: Mutual fund products

  • Types and features of mutual fund products
  • Taxability of income and capital gains
  • Dividend Distribution Tax (DDT)
  • Securities Transaction Tax (STT)
  • Payment mechanisms
  • Role of a collecting bank and the concept of cleared funds

CHAPTER-9: Applicable NAV and cut-off time

  • Computation of NAV
  • Applicable cut off time for various schemes
  • Applicable NAV
  • Process of time stamping and related regulations

CHAPTER-10: Purchase, redemption and systematic transactions

  • Process for fresh purchase and additional purchase
  • Process for allocation of units
  • Process for updating of unit capital
  • Process for notifying the AMC
  • Statement of Account (SoA)
  • Dispatch of SoA to investors and reversals
  • Concept and impact of entry load and exit load
  • Process for redemption transaction and impact of taxes
  • Process for NFO
  • Offer Document
  • Key Information Memorandum (KIM)
  • New Fund Offer (NFO) Price
  • Types and process of switches and systematic transactions
  • Features of Systematic Investment Plan (SIP)
  • Features of Systematic Withdrawal Plans (SWPs)
  • Features of Systematic Transfer Plans (STPs)

CHAPTER-11: Investor and distributor processes and payouts

  • Types of mutual fund investors
  • Process for new folio creation
  • Process for dividend declaration and payout and related regulations
  • Functions of an Investor Service Centre (ISC)
  • Process for PAN and Know Your Customer (KYC) verification
  • Registration process for Nomination and (PoA)
  • Process and documentation for changes in investor details
  • Process of transmission of units
  • Additional requirements for institutional investors
  • Process of changes in names, authorised signatories of institutional investors