Mutual Fund Foundation Certification Examination Overview

 

If you are an authorized signer on a Foundation account, you may access departmental funds by completing a Check Request Form and attaching documentation (receipt/invoice/etc.) for the expenses. You may choose to have your Foundation funds transferred into your college finance account (using an FOAP), request a check (direct mail or pickup), or transfer to a student account (include student L #).

 

What are the course objectives?
  • Postal agents
  • Retired government and semi-government officials (class III and above or equivalent) with a service of at least 10 years
  • Retired teachers with a service of at least 10 years
  • Retired bank officers with a service of at least 10 years, and other similar persons (such as Bank correspondents) as may be notified by AMFI/AMC from time to time
Course Fees ?

 Fees Details:

Name of Module: NISM-Series-V-B: Mutual Fund Foundation Certification Examination

Fees (Rs.) Test Duration (in minutes) No. of Questions Maximum Marks Pass Marks (%) Certificate # Validity (in years)
1200+ 120 50 50 50 3

+ Payment gateway charges extra.

# Passing Certificate will be issued only to those candidates who have furnished/ updated their Income Tax Permanent Account Number (PAN) in their registration details.

Benefits from this Course ?

Mutual funds are a ready made investment vehicle for individuals with no prior knowledge about investing. They can start investing with a very small amount, say, Rs 500. 

Two, investors can leave the job of investing the money and monitoring the investments regularly to professional Mutual funds are a ready made investment vehicle for individuals with no prior knowledge about investing for a small fee. Three, you will get a diversified portfolio even with a small investment. Most importantly, it is very convenient to buy and sell a mutual fund.

About Us

 

The examination seeks to create common minimum knowledge benchmark for a new cadre of mutual fund distributors, as per SEBI circular CIR/IMD/DF/21/2012 dated September 13, 2012, involved in selling and distributing simple and performing mutual fund schemes:

 

 

Frequently Asked Questions

Who can take NISM-Series-V-B: Mutual Fund Foundation Certification Examination?

The following persons can take NISM-Series-V-B: Mutual Fund Foundation Certification Examination:

  1. Postal agents
  2. Retired government and semi-government officials (class III and above or equivalent) with a service of at least 10 years
  3. Retired teachers with a service of at least 10 years
  4. Retired bank officers with a service of at least 10 years, and other similar persons (such as Bank correspondents) as may be notified by AMFI/AMC from time to time
  5. Any other individuals
For whom is this examination mandated?

Please refer to NISM Notification NISM/Certification/Series-V-B: MFF/2013/01 dated January 7, 2013 (in the ‘Circulars’ section). NISM has specified this examination to be the requisite standard for “a new cadre of distributors including, postal agents, retired government and semi-government officials (class III and above or equivalent) with a service of at least 10 years, retired teachers with a service of at least 10 years, retired bank officers with a service of at least 10 years, and other similar persons (such as Bank correspondents) as may be notified by AMFI/AMC from time to time, allowed to sell units of simple and performing mutual fund schemes”

How can I register for NISM-Series-V-B: Mutual Fund Foundation Certification Examination?

Candidates can register with any of the following Test Administrators.

1. National Institute of Securities Markets (NISM) https://certifications.nism.ac.in/nismaol/

For registrations candidates may visit any of the above websites.

After successful registration, candidates may select a test centre, date and time slot of their choice on the Test Administrator website. Candidates are required to follow further instructions available on the Test Administrator websites.

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Syllabus 

 

Chapter – I :  Concept and Role of a Mutual Fund

  • Concept of a mutual fund
  • Advantages and limitations of mutual fund
  • List different types of funds

Chapter – 2 : Fund Structure and Constituents  

  • Legal structure of mutual funds in India
  • Role of Trustee, Sponsor and AMC
  • Other Service Providers and their functions

Chapter – 3 :  Legal and Regulatory Environment 

  • Role of the regulators in Mutual Fund Industry
  • Know the salient features of the AMFI Code of Ethics and AMFI Guidelines & Norms for Intermediaries (AGNI)
  • Know the Investor rights and obligations

Chapter – 4 : Offer Document

  • Know the process of New Fund Offer (NFO)
  • Know the Investment Objective, Investment Policy and Investment Strategy
  • Know the regulatory aspects of an offer document
  • Know the salient features of Scheme Information Document (SID), Statement of Additional Information (SAI) and Key Information Memorandum (KIM)

Chapter – 5 : Fund Distribution and Sales Practices

  • Know the various distribution channels for mutual funds
  • Know the pre-requisites for becoming a mutual fund distributor
  • Know the elements covered in an agreement between a distributor and a mutual fund
  • Know the sales practices and commission structure

Chapter – 6 : Mutual Fund Products

  • Product features of diversified equity schemes, fixed maturity plans and index schemes
  • Features of SEBI regulations on Risk disclosures and Return presentations
  • Fact sheet and their uses

Chapter – 7 : Investor Services

  • Know the process of purchase transactions
  • Know the processes of redemptions by investors
  • Know the processes relating to systematic investment plans
  • Know the processing relating to systematic withdrawals and transfers
  • Know the other investor services and facilities offered by mutual funds.
  • Know the contents and periodicity of Statement of account to the investor
  • Explain the process for Nomination and Pledge
  • Know the service standards mandated for a mutual fund towards its investors

Chapter – 8 :  Selecting the Right Investment products for Investors  

  • Analyzing needs and profile of the client
  • Identifying the ideal Mutual Fund product for investors

Chapter – 9 : Helping Investors with Financial Planning

  • Need for Financial Planning
  • Role of different asset classes and allocation
  • Basics steps of financial planning