Description
Taxmann Publications Mutual Fund Foundation by NISM
This book aims to create a common minimum knowledge benchmark for 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:
Postal agents
Retired government and semi-government officials (class III and above or equivalent) with a services of at least 10 years
Retired teachers with a services of at least 10 years
Retired bank officers with a service of at least 10 years, and other person as may be notified by AMFI/AMC from time to time.
This book aims to enhance the quality of sales, distribution and related support services in the mutual fund industry. This book also teaches financial planning as an approach to investing in mutual funds, and an aid for advisors to develop long-term relationship with their clients. It discusses the concept of scheme evaluation, recommendation of suitable products and services to investors and prospective investors. It will be immensely useful for all those who want to have a better understand of Indian mutual fund industry.
The Present Publication is the July 2020 workbook version, published exclusively by Taxmann for NISM Certification Examination V-B [Mutual Fund Foundation], with the following noteworthy features:
Know the basics of mutual fund, their role and structure, different kinds of mutual fund schemes and their features
Know how mutual funds are distributed in the market-place, how specified schemes are to be evaluated and how suitable schemes can be recommended by this cadre of distributors to prospective investors
Know the rules and regulations related to distribution of specified products
Coverage of this book includes:
Investment Landscape
Concept and Role of a Mutual Fund
Legal Structure of Mutual Funds
Mutual Fund Products for the new Cadre of Distributors
Scheme Related Information
Fund Distribution and Channel Management Practices
Performance of Mutual Funds
Taxation
Investor Services
Legal and Regulatory Environment
About the author
National Institute of Securities Markets | An Educational Initiative of SEBI
NISM is a leading provider of high-end professional education, certifications, training and research in financial markets. NISM Certification programs aim to enhance the quality and standards of professionals employees in various segments of financial services sector. NISM’s School of Certification of Intermediaries (SCI) develops and conducts certification examinations and Continuous Professional Education (CPE) programs that aim to ensure that professional meet the defined minimum common knowledge benchmark for various critical market functions like:
Mutual Funds
Equities
Derivatives
Securities Operations
Compliance
Research Analysis
Investment Advice
These Certifications and CPE Programs are being developed and administered by NISM as mandated under ‘Securities and Exchange Board of India (Certification of Associated Persons in the Securities Market) Regulations, 2007’. The Certifications creates quality market professionals and catalyzes greater investor participating in the markets. Certifications also provides structured career paths to students and job aspirants in the securities market.