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 AccountingÂ
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