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.

Frequently Asked Questions

. What if there are very few persons interested in NISM Series II (b): RTA-Mutual Fund CPE Program from my preferred location?

In such cases, you may choose the nearest city, suiting your convenience, where the venue is finalized.  If you are based in non-metro cities, while putting in your request, you may mention the cities that are close by, in the order of your preference

When should I register for a CPE Program?

Since there are limited seats for every CPE Program, you are advised to avail the opportunity of registering early so as to secure a seat. We suggest that you register at least six months prior to the expiry of your Certificate in order to ensure that you get a seat in your preferred location. Requests for registration received closer to the expiry of the Certificate may not be successful.

I have misplaced my Certificate. How do I apply for a Duplicate Certificate?

NISM emailed the certificate to candidate’s registered email ID. The candidate is also provided an option to download certificate by login to NISM portal. The download option is made available under ‘My Examination’ menu

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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