Mutual Fund Distributors | Level 2

he Present Publication is the January 2020 workbook version, published exclusively by Taxmann for NISM Certification Examination V-C [Mutual Fund Distributors (Level 2)], with the following noteworthy features:

• Understand the salient features of the following:
• Fund of Funds
• Exchange Traded Funds
• Real Estate Mutual Funds
• Real Estate Investment Trusts (REITs)
• Infrastructure Investment Trusts (InvITs)
• Venture Capital Funds
• Private Equity Funds
• International Funds
• Know the legalities of real estate mutual funds, REITs and InvITs; investment restrictions applicable to mutual fund schemes; and the processes for making changes in the structure of a mutual fund or any of its schemes
• Appreciate the working of alternate channels of distribution viz. stock exchange and internet
• Get acquainted with the approaches fund managers take to manage investments and associated risks
• Understand how equities, debt, derivatives and real estate are valued in mutual fund schemes
• Get oriented to the accounting aspects of NAV determination, investor’s transactions with the fund and corporate actions by investee companies
• Know how taxation affects mutual fund schemes and investors
• Understand the processes underlying investment in NFO, open-end schemes, closed-end schemes and ETF as well as nomination and pledge processes relating to mutual funds
• Appreciate how schemes are evaluated
• Get a historical perspective on returns earned in different asset classes
• Get acquainted with the issues involved in selling alternate investment products
• Understand ethical requirements and measures to protect mutual fund investors

• Coverage of this book includes: