Description

SYLLABUS

 

(1)     Introduction to Mutual Fund:          

• History and Origin, Definition, Meaning, Characteristics, Advantages, Disadvantages, Limitations of Mutual Funds, Ethics in Mutual Fund. Entities involved – Sponsor, Trust, Trustee, Asset Management Company, Registrar and Transfer Agent (RTA) and Fund Houses in India.
• Legal Framework: Role of regulatory agencies for Mutual funds – SEBI, RBI, AMFI, Ministry of Finance, SRO, Company Law Board, Department of Company’s affairs, Registrar of Companies, MF guidelines on advertisement, Accounting, Taxation and Valuation norms, Guidelines to purchase Mutual Funds, Investor protection and MF regulations, Grievance mechanism in MF in India.

 

(2)     Classification of Mutual Fund: 

• Types of Mutual Fund- (introduction and Characteristics)
• Functional/Operational – Open ended, close ended, Interval
• Portfolio – Income, Growth, Balanced, MMMF
• Geographical/Location – Domestic, Offshore
• Miscellaneous – Tax Saving Funds, Exchange Traded Funds, Balance Funds, Fixed Term Plan, Debt Funds, Systematic Investment Planning & Systematic Transfer Plan
• Portfolio Maturity, Calculations of NAV, Entry Load, Exit Load.

 

(3)     Fund Selection Criteria:       

• Fund Rating and Ranking – Its need and importance. Basis of Ratings, Interpretation of Funding Rating by CRISIL, CARE and ICRA, Selection Criteria – (Size, Stability, Credit Portfolio, Performance) Performance Measurement – Rolling Returns and Benchmarking.
• Yield To Maturity and Bond Valuation.

 

(4)     Financial Planning in Mutual Fund:             

• Basics of Financial Planning – Financial Planning Steps, Life Cycle, Wealth Cycle, Risk Profiling, Asset Allocation, Contingency Funds.
• Investors Guide Towards Financial Planning – Eligibility for investment in MF, KYC (Individuals, Micro SIPs, Institutional Investors, Fund Category Guidance (Long Bond Funds, Short Bond Funds, Ultra Short Bond Funds), Need for Financial Advisor, Difference between Advisor and Distributor, Colour Coding MF products, Bank FD’s V/s Mutual Funds, Dividend V/s Growth Option
• Developing Model Portfolio for Investors – Model Portfolios meaning, Step by Step Approach of Building Model Portfolio.