Mutual Funds : overview
In NISM and NCFM, professionals are trained in various aspects of mutual funds, including regulations, risk management, and performance evaluation. These certifications provide individuals with the knowledge and skills needed to excel in the mutual fund industry and make informed investment decisions. Additionally, they also cover topics such as asset allocation, portfolio management strategies, and regulatory compliance to ensure that professionals are well-equipped to navigate the complexities of the financial markets.
Mutual Fund Foundation
Mutual Fund Foundation : overview
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
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
The certification aims to enhance the quality of sales, distribution and related support services in the mutual fund industry.
Examination Objectives
On successful completion of the Mutual Fund Foundation examination, the candidate should:
Know the basics of mutual funds, 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 the distribution of specified products.
Know the basics of financial planning as an approach to investing in mutual funds.
Assessment Structure:
The Mutual Fund Foundation examination consists of 50 questions of 1 mark each and should be completed in 2 hours. The passing score for the examination is 50%. There shall be no negative marking.
MUTUAL FUND
DISTRIBUTORS
Mutual Fund Distributors : overview
The examination seeks to create a common minimum knowledge benchmark for all persons involved in selling and distributing mutual funds including:
Individual Mutual Fund Distributors
Employees of organizations engaged in sales and distribution of Mutual Funds
Employees of Asset Management Companies specially persons engaged in sales and distribution of Mutual Funds
The certification aims to enhance the quality of sales, distribution and related support services in the mutual fund industry.
Examination Objectives
On successful completion of the Mutual Fund Distributors examination, the candidate should:
Know the basics of mutual funds, their role and structure, different kinds of mutual fund schemes and their features
Understand how mutual funds are distributed in the market-place, how schemes are to be evaluated, and how suitable products and services can be recommended to investors and prospective investors in the market.
Get oriented to the legalities, accounting, valuation and taxation aspects underlying mutual funds and their distribution.
Get acquainted with financial planning as an approach to investing in mutual funds, as an aid for mutual fund distributors to develop long term relationships with their clients.
Assessment Structure:
The Mutual Fund Distributors examination consists of 100 questions of 1 mark each and should be completed in 2 hours. The passing score for the examination is 50%. There shall be no negative marking.
