What Is Ncfm Exam? What Is Nism Exam? Ncfm,nism Mock Test At Www.modelexam.in. 2r6e1

www.modelexam.in offers NISM / NCFM / AMFI / MUTUAL FUND PRACTICE TEST NCFM / BCFM / NISM Certifications – an Overview NCFM - NSE Certification in Financial Markets BCFM – BSE Certification in Financial Markets NISM – National Institute of Securities Markets Certifications in Financial Market are introduced by various regulatory bodies like SEBI, NSE and BSE with the view of testing the practical knowledge & skills required to operate in the financial markets in a secure and unbiased manner thus ensuring that the caliber of persons entering this field is kept high in the best interests of a mature and vibrant market. Who should attend? ⇒ ⇒ ⇒ ⇒ ⇒ ⇒ ⇒

All graduates Financial Consultants Mutual Fund Advisors Insurance Advisors Bank employees, Traders Fund & Asset management Professionals Business School Graduates

How the certificate benefits you? ⇒ ⇒ ⇒ ⇒

Candidate acquire a certificate issued by NSE/BSE/NISM Practical understanding of the procedures & process involved in Capital Market Segment Edge in Career opportunities with Leading Banks and Financial Services Firm. Manage portfolios effectively, dealing with securities, derivatives, Portfolio Analysis.

Why NCFM / NISM / BCFM Certifications?

Bright Future Awaits

⇒ Banks prefer NCFM / NISM / BCFM certified professionals ⇒ Only persons with NCFM – Capital Market Dealers Module are authorized to use trading platform of NSE. ⇒ NCFM – Derivatives Module Certification made mandatory for all brokers/dealers & sales persons in derivatives market. ⇒ SEBI has prescribed that all the branches of the depository participants must have at least one person qualified in NISM Depository Operations Certification. ⇒ SEBI has made NISM - Mutual fund Module mandatory for all mutual fund Distributors/ Employees of Mutual Funds / who are involved in sales or interacting with customers.

www.modelexam.in offers NISM / NCFM / AMFI / MUTUAL FUND PRACTICE TEST Career Opportunities An ocean of opportunities are awaiting for NCFM/BCFM/NISM Certified Professionals. To list a few ⇒ As dealer in stock broking firm ⇒ As Equity Analyst in Stock Broking Firms ⇒ As Mutual Fund advisor in leading fund houses like Franklin Templeton, Sundaram BNP Paribas, HSBC etc. ⇒ As Investment advisors in Leading banks like UTI, ICICI, HDFC etc ⇒ Opportunities in Risk Management Functions ⇒ Surveillance officers in Stock Exchanges ⇒ Business Analyst/Domain Expert in Leading IT Organizations NCFM CAPITAL MARKET DEALERS MODULE Why should one take this course? • • • • •

To understand the capital market trading operations of NSE. To understand the clearing, settlement and risk management processes. To know about the eligibility criteria for seeking hip at NSE. To learn the other important regulatory aspects. NCFM CMDM Certification is mandatory for s / Dealers of Capital Market Segment of Stock Brokers.

Who will benefit from this course? • • • • • •

Employees of Stock Brokers and Sub-Brokers Students Teachers Employees of BPO/IT Companies Investors Anybody having interest in the Stock market operations

Test details DURATION NO. OF QUESTIONS MAXIMUM MARKS MARK NEGATIVE MARK CERTIFICATE VALIDITY EXAM FEES

105 MINUTES 60 100 50 25% FOR WRONG ANSWERS 5 YEARS Rs 1500/-

Syllabus Outline An Overview of the Indian Securities Market o Primary Market, Secondary Market, Derivatives Market o Market segments, Key indicators of securities market, Products and participants, Reforms in Indian securities markets 2. Trading hip - Stock brokers, NSE hip, Surrender of trading hip, Suspension & expulsion of hip, Declaration of defaulter, 1.

www.modelexam.in offers NISM / NCFM / AMFI / MUTUAL FUND PRACTICE TEST

3.

4.

5.

6.

Authorised persons, Sub-brokers, Broker-clients relations, Sub-broker-clients relations, Investor service cell and arbitration, Code of ment Trading Software o Introduction to Neat System o Market Types – Normal Market, Odd Lot Market, Retail Debt Market, Auction Market o Corporate Hierarchy o Local Database o Market Phases - Opening, Open Phase, Market Close, Surcon o Logging on, Log Off/Exit from the Application o Neat Screen o Invoking An Inquiry Screen - Market Watch, Security Descriptor, Market by Price, Previous Trades, Outstanding Orders, Activity Log, Order Status, Snap Quote, Market Movement, Market Inquiry, Auction Inquiry, Security/Portfolio List, Multiple Index Broadcast and Graph, Online Backup, Basket trading, Buy Back Trades, Supplementary Functions o Order Management - Entering Orders, Order Modification, Order Cancellation, Order Matching o Trade Management – Trade Modification, Trade Cancellation o Auction - Entering Auction Orders, Auction Order Modification, Auction Order Cancellation, Auction Order Matching o Limited Physical Market, Retail Debt Market (RDM) o Trading Information ed to o Internet Broking o Wireless Application Protocol o CTCL – Computer to Computer Link Facility Clearing and Settlement o Transaction Cycle, Settlement Process, Settlement Agencies, Risks in Settlement o Settlement Cycle o Securities Settlement, Funds Settlement, Shortages Handling o Risk Containment Measures - Capital Adequacy Requirements, Margins, Settlement Guarantee, No-Delivery Period o International Securities Identification Number o Dematerialisation And Electronic Transfer of Securities o Investor Protection Fund o Clearing Software – Reports Legal Framework o Securities Contracts (Regulation) Act, 1956 o Securities and Exchange Board of India Act, 1992 o SEBI (intermediaries) regulations, 2008 o SEBI (Insider Trading) Regulations, 1992 o SEBI (Prohibition of Fraudulent And Unfair Trade Practices Relating to Securities Markets) Regulations, 2003 o The Depositories Act, 1996 o Indian Contract Act, 1872 o The Companies Act, 1956 o Income Tax Act, 1961 Fundamental Valuation Concepts - Time value of money - Time Value of Money – Future Value of a Single Cash Flow, Future Value of an Annuity, Present Value of a Single Cash Flow, Present Value of an Annuity. Understanding financial statements -

www.modelexam.in offers NISM / NCFM / AMFI / MUTUAL FUND PRACTICE TEST Understanding Financial Statements -Comparative Financial Statements, Common Size Statements and Ratio Analysis. NCFM – DERIVATIVES MARKET DEALERS MODULE Why should one take this course? • To learn the basics of the derivatives market • To understand the use of derivative products in speculating, hedging and arbitraging • To learn the trading, clearing, settlement and risk management in equity derivatives • To learn the regulatory, ing and taxation issues relating to equity derivatives. • DMDM Certifications is mandatory for s / Dealers working in the Derivatives segment of a stock broker. Who will benefit from this course? • Students • Stock Brokers and Sub-Brokers dealing in derivatives • Custodians and Employees of Mutual funds • Individual investors as well as High Networth Individuals (HNIs) • Portfolio Managers • Financial Institutions • Anybody having interest in the Stock market operations Test details DURATION NO. OF QUESTIONS MAXIMUM MARKS MARK NEGATIVE MARK CERTIFICATE VALIDITY EXAM FEES

120 MINUTES 60 100 60 25% FOR WRONG ANSWERS 3 YEARS Rs 1500/-

Course outline 1.

2.

3.

4. 5. 6.

Introduction to Derivatives - Types of Derivative Contracts, History of Financial Derivatives Markets, Participants in a Derivative Market, Economic Function of the Derivative Market. Understanding Interest Rates and Stock Indices - Understanding Interest rates, Understanding the Stock Index, Economic Significance of Index Movements, Index Construction Issues, Desirable Attributes of an Index, Applications of Index. Futures Contracts, Mechanism and Pricing Forward Contracts - Limitations of forward markets, Introduction to Futures, Distinction between Futures and Forwards Contracts, Futures Terminology, Trading Underlying vs. Trading Single Stock Futures, Futures Payoffs, Pricing Futures, Pricing Stock Futures. Application of Futures Contracts - Understanding Beta, Numerical illustration of Applications of Stock Futures Options Contracts, Mechanism and Applications - Option Terminology, Comparison between Futures and Options, Options Payoffs, Application of Options Pricing of Options Contracts and Greek Letters - Variables affecting Option Pricing, The Black Scholes Merton Model for Option Pricing (BSO), The Greeks

www.modelexam.in offers NISM / NCFM / AMFI / MUTUAL FUND PRACTICE TEST Trading of Derivatives Contracts - Futures and Options Trading System, The Trader Workstation, Futures and Options Market Instruments, Criteria for Stocks and Index Eligibility for Trading, Charges 8. Clearing and Settlement - Clearing Entities, Clearing Mechanism, Settlement Procedure, Risk Management, Margining System 9. Regulatory Framework - Securities Contracts (Regulation) Act, 1956, Securities and Exchange Board of India Act, 1992, Regulation for Derivatives Trading, Adjustments for Corporate Actions 10. ing for Derivatives - ing for futures, ing for options, Taxation of Derivative Transaction in Securities 7.

NISM – National Institute of Securities Markets National Institute of Securities Markets (NISM) is a public trust, established by the Securities and Exchange Board of India (SEBI), the regulator for securities markets in India. NISM consists of six different schools as follows: • • • • • •

School for Investor Education and Financial Literacy (SIEFL) School for Certification of Intermediaries (SCI) School for Securities Information and Research (SSIR) School for Regulatory Studies and Supervision (SRSS) School for Corporate Governance (SCG) School for Securities Education (SSE)

School for Certification of Intermediaries (SCI) The School for Certification of Intermediaries (SCI) at NISM is engaged in developing certification examinations for professionals employed in various segments of the Indian securities markets. These examinations are being developed by NISM as mandated under SEBI (Certification of Associated Persons in the Securities Markets) Regulation, 2007. NISM-Series-I: Currency Derivatives Certification Examination Who should take this exam? • • • •

Persons working in the Currency Derivatives market segment Employees of Stock Brokers and Sub-Brokers Students, Teachers, Investors Anybody having interest in the Currency Derivatives Market

Examination objectives • • • •

Mandatory for Persons working in the Currency Derivatives market segment To know the basics of currency markets especially Exchange Traded Currency Futures markets. To understand the trading, clearing and settlement mechanisms related to Currency Futures markets and basic investment strategies that use currency futures products. To know the regulatory environment of Currency Futures markets in India.

www.modelexam.in offers NISM / NCFM / AMFI / MUTUAL FUND PRACTICE TEST Assessment Structure: DURATION NO. OF QUESTIONS MAXIMUM MARKS MARK NEGATIVE MARK CERTIFICATE VALIDITY EXAM FEES

120 Minutes 60 100 60 25% FOR WRONG ANSWERS 3 YEARS Rs 1000/-

Syllabus Outline Unit 1 Introduction to Currency Markets 1.1 Basic Foreign Exchange Definitions 1.2 Exchange Rate Mechanism 1.3 Major Currencies of the World 1.4 Overview of International Currency Markets 1.5 Economic Variables Impacting Exchange Rate Movements Unit 2 Foreign Exchange Derivatives 2.1 Derivatives - Definition 2.2 Derivative Products 2.3 Growth Drivers of Derivatives 2.4 Market Players 2.5 Key Economic Function of Derivatives 2.6 Exchange-Traded Vs. Over –the- Counter Derivatives Unit 3 Exchange Traded Currency Futures 3.1 Currency Futures -Definition 3.2 Futures Terminology 3.3 Rationale behind Currency Futures 3.4 Distinction between Futures and Forward Contracts 3.5 Interest Rate Parity and Pricing of Currency Futures Unit 4 Strategies Using Currency Futures 4.1 Speculation in Futures Markets 4.2 Long Position in Futures 4.3 Short Position in Futures 4.4 Hedging Using Currency Futures 4.5 Trading Spreads Using Currency Futures 4.6 Arbitrage Unit 5 Trading 5.1 Currency Futures Contract Specification 5.2 Trading Parameters

www.modelexam.in offers NISM / NCFM / AMFI / MUTUAL FUND PRACTICE TEST 5.3 Tenors of Futures Contract 5.4 Trader Workstation Screen (TWS) 5.5 Entities in the Trading System 5.6 Types of Orders 5.7 Mark-to-Market 5.8 Position Limits Unit 6 Clearing, Settlement and Risk Management 6.1 Clearing Entities 6.2 Clearing Mechanism 6.3 Settlement Mechanism 6.4 Risk Management Measures 6.5 Margin Requirements Unit 7 Regulatory Framework for Currency Derivatives 7.1 Securities Contracts (Regulation) Act, 1956 [SC(R)A] 7.2 Securities and Exchange Board of India Act, 1992 7.3 RBI-SEBI Standing Technical Committee on Exchange Traded Currency and Interest Rate Derivatives 7.4 Foreign Exchange Management Act, 1999 - Provisions 7.5 Regulatory Framework for Exchanges 7.6 Regulatory Framework for Clearing Corporations 7.7 Governing Council of the Exchange and Clearing Corporation 7.8 Eligibility Criteria for Unit 8 ing And Taxation 8.1 ing 8.2 Taxation of Derivative Transaction in Securities Unit 9 Codes of Conduct and Investor Protection Measures 9.1 Adherence to SEBI Codes of Conduct for Brokers / Sub Brokers 9.2 Adherence to Codes of Conduct Specific to ETCF Segment 9.3 Grievance Redressal Mechanism for Investors NISM-Series-V-A: Mutual Fund Distributors Certification Examination The certification aims to enhance the quality of sales, distribution and related services in the mutual fund industry. Who should take this exam? • •

Individual / Corporate Mutual Fund Distributors, Any one who is into selling of mutual funds including IFA Anyone who interacts with mutual fund investors, including investor relations teams and employees of call centres

www.modelexam.in offers NISM / NCFM / AMFI / MUTUAL FUND PRACTICE TEST • • • • •

Employees of organizations engaged in sales and distribution of Mutual Funds including Banks, National Mutual Fund Distributors etc. Employees of Asset Management Companies especially persons engaged in sales and distribution of Mutual Funds. Employees of Stock Brokers and Sub-Brokers who are into selling of Mutual Funds Students, Teachers, Investors Anybody having interest in the Mutual Fund Industry

Examination objectives • To know the basics of mutual funds, their role and structure, different kinds of mutual fund schemes and their features • To understand how schemes are to be evaluated, and how suitable products and services can be recommended to investors and prospective investors in the market. • To get oriented to the legalities, ing, valuation & taxation aspects of mutual funds. • To get acquainted with financial planning as an approach to investing in mutual funds Assessment Structure: DURATION NO. OF QUESTIONS MAXIMUM MARKS MARK NEGATIVE MARK CERTIFICATE VALIDITY EXAM FEES

120 Minutes 100 100 50 25% FOR WRONG ANSWERS 3 YEARS Rs 1000/-

Syllabus Outline Unit 1: Concept and Role of a Mutual Fund Describe concept and advantages of a mutual fund Define a mutual fund and list the functions of a mutual fund Investment objectives and the concept of marking to market Unit capital, Assets Under Management, fund running expenses List the advantages and limitations of a mutual fund Describe, in brief, the history of mutual funds in India Understand and differentiate between various types of funds Explain the features and types of debt funds Explain the features and types of equity funds Explain the features and types of hybrid funds Explain the features and types of International funds Unit 2: Fund Structure and Constituents Understand the legal structure of mutual funds in India Describe the structure of mutual funds in India The role of the Sponsor, Trustee and Asset Management Company (AMC) Regulatory provisions with respect to Sponsor, Trustee and AMC Fund Constituents and regulatory provisions

www.modelexam.in offers NISM / NCFM / AMFI / MUTUAL FUND PRACTICE TEST Functions of each mutual fund constituent Unit 3: Legal and Regulatory Environment Define the role of SEBI in regulating mutual funds SRO and its role List the functions of AMFI Understand the AMFI Code of Ethics Investment restrictions and related regulation The relationship between investment policy and investment objective SEBI norms on portfolio diversification pertaining to investment management Understand Investors rights and obligations Service standards mandated for a mutual fund towards its investors Unit 4: Offer Document Understand regulatory aspects of an offer document Define an NFO and list the marketing steps involved in an NFO Define the role of an offer document and the objectives of information disclosure in an offer document, KIM (Key Information memorandum) Statement of Additional Information (SAI) & Scheme Information Document (SID) Format of the SID and SAI Unit 5: Fund Distribution and Sales Practices List investors who can invest and those that cannot invest in mutual funds in India Eligibility of investors to invest in a scheme of a mutual fund Differentiate between institutional and individual investors Describe various distribution channels for mutual funds Describe the pre-requisites to be fulfilled to become a distributor of a mutual fund Agreement between a distributor and a mutual fund Payment of Commissions between the distributor and the mutual fund Regulatory aspects governing payment of commissions to distributors Classify commissions into initial or upfront and trail commissions Define the basis of charging trail commissions AMFI Code of Conduct and SEBI guidelines governing sales practices Unit 6: ing, Valuation and Taxation Compute net assets and NAV Explain the factors affecting the NAV of a mutual fund scheme Explain the time-stamping requirement for mutual fund transactions Requirements relating to charging of expenses to a mutual fund scheme Expenses that can be charged to a scheme and those that cannot be charged Expense limits, Key ing & reporting requirements Explain the tax provisions applicable to a mutual fund Define the tax provisions applicable to distribution of dividend by a mutual fund Taxability of dividends and capital gains in the hands of a mutual fund investor Securities Transactions Tax based on type of transaction and scheme

www.modelexam.in offers NISM / NCFM / AMFI / MUTUAL FUND PRACTICE TEST Basics of setting off gains and losses under Income Tax Act Unit 7: Investor Services Purchase and redemption transactions in a mutual fund Explain KYC requirements & Demat concept Explain the process for fresh and additional purchase in a mutual fund Documentation requirements applicable to institutional investors. Payment instruments accompanying an application form Explain the processes relating to redemptions by investors Contents and periodicity of Statement of (SoA) to the investor Explain the process for nomination and pledge Investment plans and services – Dividend, Growth and Reinvestment Plans. SIP, SWP, STP Describe other investor services and facilities offered by mutual funds. Unit 8: Risk, return and performance of funds Understand the concept of return on investment Simple, annualized and compounded returns. (Including MS Excel Functions) Outline the SEBI norms regarding return representation of mutual funds in India Identify and define the factors that may affect mutual fund performance Explain risks in fund investing with a focus on investors Evaluate the risks in different type of mutual funds Identify the sources of risk in an equity fund Identify the sources of risk in a debt fund Classify mutual funds based on their risk Explain the concept of benchmarking performance Identify the basis of choosing an appropriate performance benchmark Describe the use of market benchmarks to evaluate equity fund performance Describe the use of market benchmarks to evaluate debt fund performance Describe benchmarking relative to other investment products Explain the concepts related to fund manager performance Unit 9: Scheme Selection Steps in selecting equity funds Steps in selecting debt funds Steps in evaluating a money market fund Evaluating balanced mutual funds and factors impacting their performance Identify the sources of data to track mutual fund performance Unit 10: Selecting the Right Investment Products for Investors Classify assets into physical and financial assets Features of physical assets such as gold and real estate. Financial assets available for investment by an investor and their key features Unit 11: Helping Investors with Financial Planning

www.modelexam.in offers NISM / NCFM / AMFI / MUTUAL FUND PRACTICE TEST

Understand basics of financial planning Define financial planning Explain the objective of financial planning List the benefits and identify the need for financial planning to the investor Define and describe life cycle and wealth cycle in financial planning Explain the need for tools to categorize investors’ needs Link the financial planning needs to the life cycle stage of the investor Describe the stages in the wealth cycle model of investor Identify the features of each stage and link them to investment needs Unit 12: Recommending Model Portfolios and Financial Plans Define and describe risk profiling Understand asset allocation Why asset allocation is done Fixed & Flexible Asset Allocation Strategic & Tactical Asset Allocation Describe the steps in developing a model portfolio NISM-Series-VII: Examination

Securities

Operations

&

Risk

Management

Certification

Who should take this exam? Associated persons of a ed stock-broker / trading member / clearing member in recognized stock exchanges, involved in or deal with (a) Assets or funds of investor or clients (b) Redressal of investor grievances (c) Internal control or risk management (d) Activities having a bearing on operational risk. Examination objectives • To know the basics of the Indian securities market, the different products traded and the various market participants and the respective roles they play in the Indian securities market. • To understand the regulatory framework and the role of the SEBI. • To know the functions of the Front Office, Middle Office & Back Office in a Securities Broking Firm. • To understand the clearing & settlement cycle, the steps & participants involved • To understand how the risks are managed in a securities broking firm • To understand the process of investor grievances redressal. Assessment Structure DURATION NO. OF QUESTIONS MAXIMUM MARKS MARK NEGATIVE MARK CERTIFICATE VALIDITY EXAM FEES

120 Minutes 100 100 50 25% FOR WRONG ANSWERS 3 YEARS Rs 1000/-

www.modelexam.in offers NISM / NCFM / AMFI / MUTUAL FUND PRACTICE TEST Syllabus Outline Unit 1: Introduction to the Securities Market 1.1 Introduction - Indian Securities Markets, highlighting its role in Indian economy 1.2 Securities Market - Primary & Secondary market, OTC & Exchange traded market. 1.3 Money Market and the key features of the money market products. 1.4 Products Traded in the Market Chapter 2: Market Participants in the Securities Market 2.1 Introduction -Different market participants in the Indian Securities Market 2.2 Investors – Retail investors, high networth individuals and Institutional Investors 2.3 Issuers - GDRs, ADRs, FCCBs and ECBs. 2.4 Intermediaries - Stock exchanges, Clearing Corporation, Trading , Depositories, Depository participants and the Custodians. 2.5 Regulators -Regulatory framework and the role of SEBI . Chapter 3: Introduction to the Securities Broking Operations 3.1 Introduction to the Trade Life Cycle – Clearing and Settlement of Trades 3.2 Front Office Operations – KYC, Unique Client Code, A/c Opening, Order and types 3.3 Middle Office Operations –Risk Management practices & Surveillance mechanism 3.4 Back Office Operations - Trade Confirmation/Modification. ing and Regulatory Compliances which a broker needs to comply. Chapter 4: Risk Management 4.1 Risk Management - Capital Adequacy Requirements, Client Control, Margin, Types of Margin and its importance 4.2 Compliances and Regulatory Reporting Chapter 5: Clearing Process 5.1 Introduction - Clearing Process 5.2 Role of Clearing Agency. 5.3 Clearing Banks and their functions 5.4 Clearing / Custodians 5.5 Depositories and Depository Participants 5.6 Clearing Process – Equity and Derivatives Market. Determination of Obligation of Clients, Balancing/Netting of Client s. Chapter 6: Settlement Process 6.1 Settlement Cycle 6.2 Settlement of Internet based trading and order placed on phone 6.3 Settlement of Funds 6.4 Settlement of Securities

www.modelexam.in offers NISM / NCFM / AMFI / MUTUAL FUND PRACTICE TEST 6.5 Corporate Actions Adjustment 6.6 Auction of Securities Chapter 7: Investor Grievances and Arbitration 7.1 Introduction 7.2 Investor Grievance - Procedure followed to redress investor grievances 7.3 Arbitration - Role of appellate arbitration. Chapter 8: Other Services Provided by Brokers 8.1 Introduction - Services which a broker offers to its investors. 8.2 IPO applications – ASBA Facility. 8.3 Trading of Mutual Fund units 8.4 Portfolio Management Service 8.5 Research Reports 8.6 Depository Services 8.7 Margin Trading & Its importance. NISM Series VI: Depository Operations Certification Examination Certification aims to enhance the quality of services rendered by the Depository Participants. Who should take this exam? Associated persons engaged or employed by a ed depository participant in (a) dealing or interacting with clients (b) dealing with securities of clients (c) handling redressal of investor grievances (d) internal control or risk management (e) activities having a bearing on operational risk (f) maintenance of books and records pertaining to the above activities. Examination objectives 1. To know the basics of the Indian securities market and the depository system, 2. To know the key features of the depository system in India. 3. To understand the institutional structure, the regulatory framework in which the depositories and its DPs function. 4. To understand, eligibility criteria, registration procedure, rights and obligations etc. 5. To know about dematerialisation, trading and settlement, pledging and hypothecation. 6. To know about opening a demat , documents required to open an and significance of Power of Attorney (POA). Assessment Structure DURATION NO. OF QUESTIONS MAXIMUM MARKS MARK NEGATIVE MARK CERTIFICATE VALIDITY EXAM FEES

120 Minutes 100 100 60 25% FOR WRONG ANSWERS 3 YEARS Rs 1000/-

www.modelexam.in offers NISM / NCFM / AMFI / MUTUAL FUND PRACTICE TEST Syllabus Outline Unit 1: Introduction to Securities Market Unit 2: introduction to Depository Unit 3: Depository and its business partners Unit 4: Functions of DP - Opening Unit 5: Functions of DP - Transmission & Nomination Unit 6: Functions of DP – Dematerialisation Unit 7: Functions of DP - Trading and Settlement Unit 8: Functions of DP - Pledge and Hypothecation Unit 9: Functions of DP - Corporate Action Unit 10: Functions of DP - Public Issues Unit 11: Functions of DP - Debt and Government Securities Unit 12: Functions of DP - Warehouse Receipts NISM-Series-II-B: Registrars to an Issue and Share Transfer Agents - Mutual Fund Certification Examination Who should take this exam? Associated persons employed / engaged or to be employed or engaged by Registrars to an Issue & Share Transfer Agents for performing any of the following functions for Mutual Funds: 1. dealing or interacting with the investors or issuers; 2. dealing, collecting or processing applications from the applicants; 3. dealing with matters relating to corporate actions, refunds or redemptions, repurchase of securities, etc; 4. handling redressal of investors’ grievances; 5. responsible for internal control and risk management; 6. responsible for any compliance of securities laws; 7. Responsible for any other activity performed under the Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993. Examination objectives • To know the basics of securities and securities markets • To know the role & functions of the RTAs in mutual fund issuance and transaction process. • To know the regulatory environment in which the RTAs operate in India. Assessment Structure DURATION NO. OF QUESTIONS MAXIMUM MARKS MARK NEGATIVE MARK CERTIFICATE VALIDITY EXAM FEES

120 Minutes 100 100 50 25% FOR WRONG ANSWERS 3 YEARS Rs 1000/-

www.modelexam.in offers NISM / NCFM / AMFI / MUTUAL FUND PRACTICE TEST Syllabus Outline with Weightages Unit 1: Introduction to Securities Unit 2: Characteristic of Equities Unit 3: Characteristics of Other Securities Unit 4: Characteristics of Debt Securities Unit 5: Basics of Mutual funds Unit 6: SEBI- Role and Regulations Unit 7: Structure and organization of mutual funds Unit 8: Mutual fund products Unit 9: Applicable NAV and cut-off time regulations Unit 10: Purchase, redemption and systematic transactions Unit 11: Investor and distributor processes and payouts