NATIO

ONAL STOCK
S
EXCHA
ANGE OF INDIA
A LIMITE
ED
Depart
rtment : SB
BU-Educatio
on
NCFM
M COURS
SE OUTLINE

Mutual Funds (Adv

vanced) Mod
dule

Mutual Funds in perspecttive

1. Mutu
ual Funds
2. Portffolio Managem
ment Schemess (PMS)
3. Hedg
ge Funds
4. Ventture Capital Fu
unds & Private
e Equity Funds
Investments by Mutual Fu
und Schemes
s
1. Equiity
2. Debtt
3. Derivvatives
4. Gold
d
5. Reall Estate
6. Interrnational Inves
stments
Valuation of Investments by Mutual Fu
und Schemes
s
1. Equiity: (i) Traded Securities (ii) Non-Traded / Thinly Traded
d / Unlisted Eqquities (iii) Wa
arrants (iv) Rig
ghts
2. Debtt: (i) Money market and deb
bt securities with
w residual maturity of uptoo 91 days (ii) Money
M
market and
debtt securities witth residual ma
aturity of over 91
9 days (iii) Provisioning forr Non-Perform
ming Assets (N
NPA)
(iv) Re-classificatio
R
on of Non-Perrforming Asse
ets (NPA) and (v) Provisioninng & Re-class
sification in casse of
re-sccheduling
3. Gold
d
4. Reall Estate
Mutual Fund Accounting
1. Acco
ounting for Inc
come, Gains & Losses from investments
2. Acco
ounting for exp
penses
3. Dete
ermining the NAV
N
4. Acco
ounting for Loa
ad
5. Distrributable Rese
erves
Novel Portfolio Structures
s in Mutual F
Fund Scheme
es
1. Index Funds
2. Exch
hange Traded Funds (ETFss)
3. Arbittrage Funds
4. Monthly Income Plans
P
(MIP)
ans (FMP)
5. Fixed Maturity Pla
emes
6. Capiital Protecting Oriented sche
Quantitative Evaluation of
o Mutual Fun
nd Schemes
1. Retu
urns XIRR, Dividend
D
Re-in
nvestment (CA
AGR), Compounding of periiodic returns
2. Riskk (i) Standard
d Deviation (ii)) Beta (iii) Weighted Averag
ge Maturity (iv)) Modified Duration
3. Riskk Adjusted Retturns (i) Sha
arpe ratio (ii) Sortino
S
ratio (iiii) Treynor ratioo (iv) Jensens
s Alpha
Cut-off Time Regulations & Time Stam
mping
1. Cut off
es & plans Subscriptions
o Timing: (i) Liquid scheme
S
(ii) Liquid scheemes & plans
s Re-Purchases
(iii) Other
O
than Liquid schemes & plans Sub
bscriptions (iv)) Other than LLiquid schemes
s & plans Re
epurcchases
2. Officcial Points of Acceptance
A
(P
PoA)
3. Time
e Stamping requirements
Investment in
n Mutual Fun
nds through E
Exchange
1. Liste
ed Schemes
2. Exch
hange Traded Funds (ETFss)
3. Mutu
ual Fund Service System (M
MFSS) (i) Su
ubscription (Ph
hysical mode) (ii) Subscription (Demat mo
ode)
(iii) Redemption
R
(P
Physical Mode
e) (iv) Redemp
ption (Demat Mode)
M
Non-Residen
nt Investmentt in Indian MF
F Schemes
1. Investment by NR
RIs / PIOs rep
patriable basis
s and non-rep
patriable basis
onal Investors
2. Investment by Forreign Institutio
3. Investment by Qua
alified Foreign
n Investors (i)
( Direct Route
e (Demat) (ii) Indirect Route
e (Unit
eipts UCR)
Conffirmation Rece

Regd.Offfice:Exchan
ngePlaza,Ba
andraKurlaCComplex,Bandra(E),Mu
umbai400 051Page 1 of 2

Investment by Indians in International MF Schemes

1. Foreign Direct Investment and Portfolio Investment
2. Investing in International Mutual Fund Schemes (i) Need to understand the international financial
market (ii) Need to understand regulations regarding permissible investment (iii) Need to understand
regulations regarding taxation (iv) Need to understand regulations regarding repatriation (v) Foreign
currency risk (vi) Transaction costs
3. Why invest abroad?
4. International Fund of Funds
Mutual Fund Taxation
1. Mutual Fund Tax Provisions (i) Securities Transaction Tax (STT) (ii) Capital Gains Tax (iii) Tax on
Income Distributed (iv) Tax deducted at source (TDS) / withholding tax
2. Compounding Wealth, Gross of Tax (i) Bank Fixed Deposit (ii) Mutual Fund
3. Dividend Payout and Growth Options within schemes
4. Double Indexation
5. Setting Off & Carry Forward of losses
6. Dividend stripping
SID, SAI, KIM and Fact Sheets
1. Scheme Information Document (SID)
2. Statement of Additional Information (SAI)
3. Key Information Memorandum (KIM)
4. Fund Account Statements / Consolidated Statement of Accounts
5. Fact Sheets

Regd.Office:ExchangePlaza,BandraKurlaComplex,Bandra(E),Mumbai400051Page 2 of 2