NISM MUTUAL FUND DISTRIBUTORS LEVEL TWO COURSE

I. Mutual Fund Structures

  • Fund of Funds
  • Exchange Traded Funds
  • Real Estate Mutual Funds
  • Venture Capital Funds
  • Private Equity Funds
  • International funds

II. Legal and Regulatory Environment of Mutual Funds

  • Regulatory Framework for Real Estate Mutual Funds
  • Investment Norms for Mutual Funds
  • SEBI Norms for Mutual Funds’ investment in Derivatives
  • SEBI norms with respect to change in controlling interest of an AMC
  • Changes in Mutual Fund Schemes

III. Fund Distribution and Sales Practices

  • Internet and Mobile Technologies
  • Stock Exchanges

IV. Investment and Risk Management

  • Fundamental Analysis
  • Technical Analysis
  • Quantitative Analysis
  • Debt Investment Management
  • Issues for a Debt Fund Manager
  • Derivatives
  • Application of Derivatives

V. Valuation of Schemes

  • Equities
  • Debt
  • Non-Performing Assets and Provisioning for NPAs
  • Gold
  • Real Estate

VI. Accounting

  • Net Asset Value
  • Investor Transactions
  • Distributable Reserves
  • Unique Aspects of Real Estate Schemes Accounting 

VII. Taxation

  • Taxes for AMCs: Securities Transaction Tax and Income Distribution Tax
  • Taxes for Investors: Securities Transaction Tax, Taxes on Dividend, Capital Gains, Set-off and Carry Forward of Losses, Dividend Stripping and Bonus Stripping.

VIII. Investor Services

  • New Fund Offer
  • Open-end Fund
  • Closed-end Fund
  • Exchange Traded Fund
  • Nomination and Pledge

IX. Scheme Evaluation

  • Measures of Return
  • Measures of Risk
  • Benchmarks and Relative Returns
  • Risk-adjusted Returns
  • Limitations of Quantitative Evaluation

X. Asset Classes and Alternate Investment Products

  • Historical Returns
  • Perspectives on Asset Class Returns
  • Alternative Investment Products

XI. Cases in Financial Planning

  • Practical Aspects of Financial Planning (cases/examples)

XII. Ethics and Investor Protection

  • Code of Conduct
  • Mis-selling
  • Safeguards in Mutual Fund Structure
  • Regulatory Steps for Protecting Investors Against Fraud