Mutual Funds

Concept and Role of a Mutual Fund-Concept of a mutual fund, Classification of Mutual Funds, Organisation of Mutual Funds, Advantages and limitations of mutual fund

Fund Structure and Constituents -Legal structure of mutual funds in India, Role of Trustee, Sponsor and AMC, Other Service Providers and their functions.

Legal and Regulatory Environment -Role of the regulators in Mutual Fund Industry, Know the salient features of the AMFI Code of Ethics and AMFI Guidelines & Norms for Intermediaries (AGNI) , Know the Investor rights and obligations.

Offer Document-Know the process of New Fund Offer (NFO), Know the Investment Objective Policy and Strategy, Know the regulatory aspects of an offer document ,Know the salient features of Scheme Information Document (SID), Statement of Additional Information (SAI) and Key Information Memorandum (KIM).
Fund Distribution and Sales Practices-Know the various distribution channels for mutual funds, the pre-requisites for becoming a mutual fund distributor, the elements covered in an agreement between a distributor and a mutual fund, the sales practices and commission structure.

Mutual Fund Products- Product features of diversified equity schemes, fixed maturity plans and index schemes, Gold ETFs, Concept of entry and exit load; Expense ratio. Computation of NAV.
Debt Funds, Liquid Funds, Different types of plans; Systematic Investment Plan (SIP); Systematic Transfer Plan (STP) and Systematic Withdrawal Plan (SWP); Dividend payout. Concept of entry and exit load; Expense ratio; Portfolio turnover; AUM; Analysis of cash level in portfolio.
Features of SEBI regulations on Risk disclosures and Return presentations,