NISM Series II B: Registrars and Transfer Agents (Mutual Fund) Exam Overview
12th Aug 2024
Myonlineprep
Tags:
NISM Series II B: Registrars and Transfer Agents (Mutual Fund) Examination
The NISM Series II B: Registrars and Transfer Agents (Mutual Fund) examination is a crucial qualification for professionals working within the mutual fund segment of the Indian securities market. This exam, developed by the National Institute of Securities Markets (NISM), ensures that individuals involved in this field have the necessary knowledge and expertise to manage the responsibilities of Registrars and Transfer Agents (R&T Agents) effectively, focusing on investor service, operational efficiency, and risk management in mutual funds.
Importance of the NISM Series II B: Registrars and Transfer Agents (Mutual Fund) Examination
The NISM Series II B: Registrars and Transfer Agents (Mutual Fund) examination is essential for professionals aiming to advance their careers in the mutual fund R&T sector. By establishing a common minimum knowledge benchmark, this certification guarantees that market participants are well-equipped to handle the complexities of the mutual fund issuance and transaction processes. This expertise is vital for delivering superior investor services, optimizing operational processes, and implementing effective risk controls within the mutual fund industry.
Objectives of the NISM Series II B: Registrars and Transfer Agents (Mutual Fund) Examination
The NISM Series II B: Registrars and Transfer Agents (Mutual Fund) examination is designed to provide candidates with a comprehensive understanding of several key areas:
Understanding Securities and Markets: A thorough grounding in the basics of securities and the broader securities markets.
Role of R&T Agents in Mutual Funds: Insight into the roles and functions of Registrars and Transfer Agents (R&T Agents) within the mutual fund issuance and transaction processes.
Regulatory Environment: Knowledge of the regulatory framework governing the operations of R&T Agents in India, particularly in the mutual fund sector.
Exam Pattern and Marks for the NISM Series II A: R&T Agents (Corporate) Certification Exam
| Aspect | Details |
|---|---|
| Number of Questions | 100 |
| Question Type | 1 mark per question |
| Total Marks | 100 marks |
| Duration | 2 hours |
| Passing Score | 50% (50 marks out of 100) |
| Negative Marking | 25% deduction for each incorrect answer |
Unit-wise Weightage of the NISM Series II B: Registrars and Transfer Agents (Mutual Fund) Exam
| Unit No. | Unit Name | Weightage (%) | Attempt Free NiSM Mock Test |
|---|---|---|---|
| Unit 1 | Introduction to Securities | 20 | Click Here |
| Unit 2 | Characteristics of Equities | ||
| Unit 3 | Characteristics of Debt Securities | ||
| Unit 4 | Characteristics of Other Securities | ||
| Unit 5 | SEBI - Role and Regulations | ||
| Unit 6 | Basics of Registrars and Transfer Agents | 25 | Click Here |
| Unit 7 | Registrars and Transfer Agents Regulations | ||
| Unit 8 | Basics of Mutual Funds | ||
| Unit 9 | Structure and Constituents of Mutual Funds | 25 | Click Here |
| Unit 10 | Mutual Fund Products | ||
| Unit 11 | Operational Concepts of Mutual Funds | ||
| Unit 12 | Investors in Mutual Funds | 30 | Click Here |
| Unit 13 | Banking Operations in Mutual Funds | ||
| Unit 14 | Financial Transactions | ||
| Unit 15 | Non-Financial Transactions |
Syllabus of the NISM Series II B: Registrars and Transfer Agents (Mutual Fund) Exam
| Unit No. | Chapter Name | Topic Name |
|---|---|---|
| Chapter 1 | Introduction to Securities | Introduction to Equity and Debt |
| Features of Equity Capital and Benefits to Equity Investors | ||
| Features of Debt Capital and Benefits to Debt Investors | ||
| Hybrid Structures | ||
| Chapter 2 | Characteristics of Equity Shares | Investors in Equity Shares |
| Rights of a Shareholder | ||
| Risks in Equity Investing | ||
| Equity Terminology | ||
| Corporate Actions | ||
| Preference Shares | ||
| Rights Issue of Shares | ||
| Preferential Issue | ||
| Chapter 3 | Characteristics of Debt Securities | Features of a Debt Security |
| Market Value of a Debt Security | ||
| Yield from Debt Instruments | ||
| Types of Debt Securities | ||
| Classification of Debt Market | ||
| Credit Rating | ||
| Money Market Instruments | ||
| Chapter 4 | Characteristics of Other Securities | Warrants |
| Convertible Debentures | ||
| Depository Receipts | ||
| Foreign Currency Convertible Bonds | ||
| Exchange Traded Funds and Index Funds | ||
| Investment Trusts | ||
| Chapter 5 | SEBI - Role and Regulations | Securities and Exchange Board of India Act, 1992 and Role of SEBI |
| SEBI Regulations specifically aimed at Investor Protection | ||
| Investor Education and Protection Fund (IEPF) | ||
| SEBI Regulations for Registrars and Transfer Agents | ||
| Guidelines under SEBI (LODR) Regulations 2015 | ||
| Chapter 6 | Basics of Registrars and Transfer Agents | Introduction |
| Investor Service Centre (ISC) and Official Point of Acceptance (OPA) | ||
| Qualified Registrar and Transfer Agents (QRTAs) | ||
| RTA and Depository Interface | ||
| Financial Information Provider to Account Aggregator Network | ||
| Industry Overview | ||
| Chapter 7 | Registrar and Transfer Agents Regulations | Guidelines under SEBI (LODR) Regulations 2015 |
| SEBI (Registrars to an Issue and Share Transfer Agents) Regulations 1993 | ||
| Enhanced Monitoring Guidelines for QRTAs | ||
| Cyber Security and Cyber Resilience Framework for QRTAs | ||
| Systems Audit Framework | ||
| Chapter 8 | Basics of Mutual Funds | Introduction to Mutual Funds |
| Advantages of Mutual Funds | ||
| Open Ended and Close Ended Mutual Funds | ||
| Assets under Management (AUM) | ||
| Total Expense Ratio | ||
| Chapter 9 | Mutual Fund Structure and Constituents | Sponsor |
| Trustees | ||
| Asset Management Company (AMC) | ||
| Custodians | ||
| Regulation of Mutual Funds | ||
| Constituents and Service Providers | ||
| Chapter 10 | Mutual Fund Products | Product Differentiation |
| Types of Mutual Fund Plans | ||
| Features of Mutual Fund Products | ||
| Product Labelling | ||
| Strategy-based Classification | ||
| Product Creation Process | ||
| Types of Mutual Funds | ||
| Chapter 11 | Operational Concepts of Mutual Funds | New Fund Offer (NFO) |
| On-going/ Continuous Offer | ||
| Computation of Net Asset Value (NAV) | ||
| Applicable NAV | ||
| Time Stamping and Risk Control | ||
| Cut Off Time | ||
| Segregated Portfolios | ||
| Investing in Mutual Funds through Stock Exchanges | ||
| Holding Units in Dematerialized Form | ||
| Role of RTA in Tax Computation | ||
| Reporting Requirements to Central Board of Direct Taxes (CBDT) | ||
| Chapter 12 | Investors in Mutual Funds | Individual Investors |
| Institutional Investors | ||
| Investor Information and Documentations | ||
| Know Your Customer (KYC) Norms | ||
| Power of Attorney | ||
| Nomination | ||
| FATCA and CRS Compliance | ||
| Investor Charter | ||
| Chapter 13 | Banking Operations in Mutual Funds | Payment Mechanism |
| Third Party Verification (TPV) and Payment to Valid Account | ||
| Bank Accounts maintained by Mutual Funds | ||
| Electronic Clearing Mechanisms | ||
| Role of Registrars and Transfer Agents (RTAs) in Banking Operations | ||
| Chapter 14 | Financial Transactions | Application Form Vs Transaction Slip |
| Purchase Transactions | ||
| Redemptions and IDCW (dividend) payouts | ||
| Account Statements for Investments | ||
| Switch | ||
| Systematic Transactions | ||
| Turn-around-times for various Financial Transactions with Mutual Funds | ||
| Role of RTA in Commission Payment | ||
| Chapter 15 | Non-Financial Transactions | Change in Name (Individual Investors) |
| Change of Address | ||
| Change of Bank Details | ||
| Change in/ Updation of Other Details | ||
| Minor becoming Major | ||
| Registration of Power of Attorney (PoA) | ||
| Registration of Nominee | ||
| Pledge and Lien Marking | ||
| Transmission of Units | ||
| Change in Option | ||
| Change in Corporate Name or Status | ||
| Investor Grievance Redressal | ||
| Value Added services by RTAs | ||
| Timelines pertaining to various services provided by RTAs |
Preparing for the NISM Series II B: Registrars and Transfer Agents (Mutual Fund) Examination
Success in the NISM Series II B: Registrars and Transfer Agents (Mutual Fund) examination requires diligent preparation and a strong grasp of the core concepts covered in the syllabus. Candidates should ensure they are proficient in using tools like Microsoft Excel or OpenOffice Calc, as these may be needed during the exam for computational tasks. Additionally, reviewing sample questions and familiarizing oneself with the regulatory and operational aspects of the mutual fund R&T function will be critical for passing the examination.
The NISM Series II B: Registrars and Transfer Agents (Mutual Fund) examination not only enhances professional knowledge but also opens up structured career paths within the securities markets. Achieving this certification demonstrates a commitment to maintaining high standards of knowledge and ethical conduct, thereby contributing to the overall efficiency and integrity of the financial markets.
FAQs: NISM Series II B: Registrars and Transfer Agents (Mutual Fund)
Q1: What is the passing score for the NISM Series II B: Registrars and Transfer Agents (Mutual Fund) examination?
A1: The passing score is 50%, meaning candidates need to secure at least 50 marks out of 100 to pass the examination.
Q2: Is there negative marking in the NISM Series II B: Registrars and Transfer Agents (Mutual Fund) exam?
A2: Yes, there is a negative marking of 25% for each incorrect answer, so accuracy is important.
Q3: How long is the NISM Series II B: Registrars and Transfer Agents (Mutual Fund) examination?
A3: The exam duration is 2 hours, within which candidates must answer 100 multiple-choice questions.
Q4: What are the key areas covered in the NISM Series II B: Registrars and Transfer Agents (Mutual Fund) syllabus?
A4: The syllabus covers topics such as the introduction to securities, characteristics of various financial instruments, SEBI regulations, mutual fund products, and the operational concepts of mutual funds, with weightages assigned to each unit.
Q5: How can I prepare for the NISM Series II B: Registrars and Transfer Agents (Mutual Fund) examination?
A5: Preparation should include a thorough review of the syllabus, proficiency in tools like Microsoft Excel or OpenOffice Calc, and practice with sample questions to understand the regulatory and operational aspects of mutual funds.
12th Aug 2024
Myonlineprep
Tags:
Like this article?
Subscribe to Myonlineprep - English to receive daily updates of the latest articles delivered straight to your inbox.
Comments (0)