NISM-Series-V-A Certification Training

NISM VA Textbook

NISM VA Regsitration Steps

Intro to NISM

1. Investment Landscape

1.1 Saving or Investment, Goals and Inflation

1.2 Factors to Evaluate Investments

1.3 Different Asset classes- Real Estate

1.4 Commodities, Fixed Income, Equity

1.5 Investment Risks

1.6 Risk measures and management strategies

1.7 Behaviourial biases

1.8 Risk Profiling and Asset Allocation and Do it Yourself

2.1 Concept of MF

2.2 Role of MF

2.3 Classification of MF

2.4 Equity Funds

2.5 Debt Funds

2.6 Hybrid Funds

2.7 Solution Oriented Schemes

2.8 REITS InvITS, Growth of MF in India

3.1 Structure of MF

3.2 Sponsor and Trustee

3.3 AMC and Custodian and RTA

3.4 Organisation structure of AMC

3.5 Other Service Providers

4.1 Role of Regulators in India

4.2 Regulatory Reforms by SEBI

4.3 Investment Restrictions

4.4 Sebi Advertisement Code

4.5 Investors Rights

4.6 Due Diligience by AMC for Distributors, ACE,etc

5.1 Scheme Related Information

5.2 Scheme Information Document

6.1 Role and Importance of MFDs

6.2 Kinds of MFDs

6.3 Modes of Distribution

6.4 Pre- requisities to become of MFD

6.5 Revenue for a MFD

6.6 Commission disclosure to change of distibutor

7.1 Fair Valuation Principles

7.2 Valuation Norms

7.3 Computation of Net Assets and NAV

7.4 Total Expense Ratio

7.5 Valuation of Perpetual Bonds and Distributable Dividend Reserve

7.6 Entry and Exit Load, NAV, TER, Segregated Portfolio

8.1 Income from MFs

8.2 Capital gains

8.3 Dividend and Stamp Duty

8.4 Set off and STT

8.5 80C, TDS and GST

9.1 NFO Process, Pricing, Plans and Options

9.2 Allotment of Units

9.3 Account Statements

9.4 MF Investors

9.5 Application Form

9.6 Payment Mechanism for Repurchase of units

9.7 Cut off Timings

9.8 Example of cut off timings and time stamping

9.9 KYC Requirements

9.10 Additional Requirements, FATCA

9.11 SIP

9.12 SWP, STP and Switch

9.13 Operational aspects of Systematic Transactions

9.14 Non Financial Transactions

9.15 Transmission of Units

9.16 Change in status of Special Investors

9.17 Turnaround Time and SOA

10.1 Types of Risk

10.2 Types of General Risk

10.3 Equity Risk

10.4 Risk assocaited with Debt funds

10.5 Segreagation and Securitisation

10.6 Credit Enhancements

10.7 REits. Invits, Risk management

10.8 Factors Affecting Equity Fund Performance. Ratios

10.9 Top Down and Bottom UP Approach

10.10 Factors affecting Debt, Gold and Real estate Funds

10.11 Measures of Returns

10.12 Measures of Risk

10.13 Credit Risk, Restrictions on Redemptions and Segregated Portfolio

11.1 Benchmarks

11.2 TRI PRI Risk Adjusted Returns

11.3 Performance Related Disclosures

12.1 Scheme Selection fators and Risk Return Heircachy

12.2 Product Labelling , Representation of Risk

12.3 Scheme Selection based on Investment Strategy

12.4 Scheme Selction within or other AMCs

13.1 UFBM Doubt Solving