NISM-5A

NISM Series V-A, also called NISM 5-A, is a certification exam offered by the National Institute of Securities Markets (NISM) in India. This exam is officially known as the NISM-Series-V-A: Mutual Fund Distributors Certification Examination. It is designed for people who want to become mutual fund distributors or for those who are already distributing mutual funds and need to meet regulatory requirements.

Who Should Take the NISM 5-A Exam?

• Aspiring Mutual Fund Distributors: People who want to start a career in distributing mutual funds.
• Current Mutual Fund Distributors: Professionals who are already distributing mutual funds and need to meet regulatory requirements.
• Financial Advisors: Professionals who provide investment advice and want to add mutual fund distribution to their services.
• Banking and Financial Services Employees: People working in banks or financial institutions who sell mutual fund products.
• Students and Fresh Graduates: Those who want to enter the financial services industry and gain knowledge in mutual funds.

• Curriculum

I. INVESTMENT LANDSCAPE

1. Investors and their Financial Goals
2. Savings or Investments?
3. Different Asset Classes
4. Do-it-yourself versus Taking Professional Help

II. CONCEPT AND ROLE OF A MUTUAL FUND

1. Concept of a Mutual Fund
2. Classification of Mutual Funds
3. Growth of the mutual fund industry in India

III. LEGAL STRUCTURE OF MUTUAL FUNDS IN INDIA

1. Structure of Mutual Funds in India
2. Key Constituents of a Mutual Fund
3. Organization Structure of Asset Management Company
4. Role and Support function of Service Providers
5. Role and Function of AMFI

IV. LEGAL AND REGULATORY FRAMEWORK

1. Role of Regulators in India
2. Role of Securities and Exchange Board of India
3. Due Diligence Process by AMCs for Distributors of Mutual Funds
4. Investor Grievance Redress Mechanism
5. AMFI Code of Conduct for Intermediaries

V. SCHEME RELATED INFORMATION

1. Mandatory Documents
2. Non-Mandatory Disclosures

VI. FUND DISTRIBUTION AND CHANNEL MANAGEMENT PRACTICES

1. The role and importance of mutual fund distributors
2. Different kinds of mutual fund distributors
3. Modes of distribution
4. Pre-requisites to become Distributor of a Mutual Fund

VII. NET ASSET VALUE, TOTAL EXPENSE RATIO AND PRICING OF UNITS

1. Computation of Net Assets of Mutual Fund Scheme and NAV
2. Concept of Entry and Exit Load and its impact on NAV
3. NAV, Total expense ratio and pricing of units for the Segregated Portfolio

VIII. TAXATION

1. Applicability of taxes in respect of mutual funds
2. Capital Gains
3. Dividend income
4. Stamp Duty on Mutual Fund Units

IX. INVESTOR SERVICES

1. The NFO process
2. New Fund Offer Price/On-going Offer Price for subscription
3. Investment Plans and Services
4. Allotment of Units to the Investor

X. RISK, RETURN AND PERFORMANCE OF FUNDS

1. General and Specific Risk Factors
2. Factors that affect mutual fund performance
3. Drivers of Returns and Risk in a Scheme

XI. MUTUAL FUND SCHEME PERFORMANCE

1. Benchmarks and Performance
2. Price Return Index or Total Return Index
3. Basis of Choosing an appropriate performance benchmark

XII. MUTUAL FUND SCHEME SELECTION

1. Scheme Selection based on Investor needs, preference and risk-profile
2. Risk levels in mutual fund schemes
3. Scheme Selection based on investment strategy of mutual funds

She has been working as a Part-Time faculty for Certified Financial Planner Course in Financial Planning Academy, since 2017.

She has also explored the training side of other finance & banking courses for students & corporates.

Areas of expertise: Investment Products, Tax Planning, Mutual fund, Financial Planning, etc.

Trainings conducted for: Students of various colleges like KC, Mithibai, NM, etc. She has conducted trainings for working professionals working at a managerial level in various segments like Insurance companies, mutual fund houses, wealth management firms, etc.