NISM Series V-A Model Question Bank with Answer Key 2024

 

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NISM Mutual Fund Distributor exam study material PDF|NISM Series V-A Mutual Fund Distributors Examination Practice Questions Chapter wise

NISM mutual fund exam preparation 2024: We have prepared MCQs related to each topic of each chapter after reading NISM Series V-A book for Mutual Fund Exam. Any candidate who wants to give NISM mutual fund VA exam or doing nism mutual fund exam preparation must read this Nism – series v a – model question bank with answer key (nism mutual fund distributor exam mock test).

This will make it very easy to remember each chapter.  We have given more than 120 questions in each chapter. Some have more than 150 questions.

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Chapter 1: Investment Landscape MCQs

• Investors Goals
• Savings vs Investments
• Different Asset-Real Estate, Commodities, Fixed income, Equity
• Investment Risks- Inflation, Liquidity, Credit, Market etc
• Risk Measures and Management Strategies
• Behavioral Biases in Investment Decision Making
• Risk Profiling
• Asset Allocation

Chapter 2: Concept and Role of a Mutual Fund MCQs

• Mutual fund concept and role, Important terms in Mutual Funds
• Advantages and limitations of Mutual Funds
• Mutual Funds classification- Open-ended funds, Close-ended funds, ETFs, Actively managed funds, Passive funds,
• Equity Schemes, Debt Schemes etc.

Chapter 3: Legal Structure of Mutual Funds in India MCQs

• Structure of Mutual Funds
• Key Constituents of a Mutual Fund-Sponsors, Board of Trustees, Mutual Fund Trust, AMC, Custodian
• Organization Structure of Asset Management Company-Compliance Officer, Fund Management
• AMFI role and function
• Role and Support Function of Service Providers-Fund Accountant, Registrars and Transfer Agent, Mutual fund distributors, Depository Participants, KYC Registration Agencies etc

Chapter 4:  Legal and Regulatory Framework MCQs

• Regulators in India
• Role of SEBI-Mutual Funds Regulations, Investment Restrictions in equity, debts, REITS, Advertisement Guidelines for Mutual Funds
• Due Diligence Process by AMCs for Distributors of Mutual Funds.
• Investor Grievance Redress Mechanism
•  AMFI Code of Conduct for Intermediaries-AMFI Code of Ethics

Chapter 5: Scheme Related information MCQs

• Mandatory Documents-SID, SAI, Updation of SID, SAI and Riskometer etc
• Fund Factsheet etc

Chapter 6: Fund Distribution And Channel Management Practices MCQs

Topics covered

• The role and importance of mutual fund distributors
• Different kinds of mutual fund distributors
• Modes of distribution, MF Utilities
• Procedure for getting empaneled as a mutual fund distributor with AMC
• Revenue for a mutual fund distributor
• Concept of Trail Commission, Additional commission for promoting mutual funds in small towns
• Transaction Charges
• Commission Disclosure mandated by SEBI
• Difference between distributors and Investment Advisors
• Nomination facilities to Agents/Distributors
• Change of distributor

Chapter 7: Net Asset Value, Total Expense Ratio And pricing Of Units MCQs

Topics covered in MCQs

• Fair Valuation Principles
• Valuation
• Computation of Net Assets of Mutual Fund Scheme and NAV
• Dividends & Distributable Reserves
• Concept of Entry and Exit Load and its impact on NAV
• Key Accounting and Reporting Requirements
• NAV, Total expense ratio and pricing of units for the Segregated Portfolio

Chapter 8: Taxation

Topics covered in MCQs

• Applicability of taxes in respect of mutual funds
• Capital Gains
• Dividend income, Stamp Duty on Mutual Fund Units
• Setting off of Capital Gains and Losses under Income Tax Act
• STT
• Tax benefit under Section 80C of the Income Tax Act
• TDS, GST

Chapter 9: Investor Services

• The NFO process, New Fund Offer Price
• Investment Plans and Services, Income Distribution cum capital withdrawal (Dividend) Pay-out
• Allotment of Units to the Investor, Account statements for investments
• Mutual Fund Investors, Filling the Application Form for Mutual Funds (40 MCQs)
• Financial Transactions with Mutual Funds, One-Time Mandate (OTM)
• Cut-off Time and Time Stamping

Chapter 10: Risk, Return And Performance Of Funds

Chapter 11: Mutual Fund Scheme Performance

Chapter 12: Mutual Fund Scheme Selection

• Scheme Selection based on Investor needs
• preferences and risk profile
• Risk levels in mutual fund schemes
• Active Fund v/s Passive Funds, Open-ended funds v/s close-ended funds, Large-cap v/s Mid-cap v/s Small Cap Funds, Growth or Value funds, International Equity funds
• Fixed Maturity Plans, Liquid Funds, Short Duration Fund etc

 

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