NISM Series 2B: Registrars to an Issue and Share Transfer Agents –Mutual Funds Certification Examination

Who Should Prepare NISM R & T Agents 2b Certification Examination?

The full form of R & T Agents is Registrar and transferring agents. This 2b NISM Certification mostly covers mutual funds concepts. After preparing for R & T Agents 2b Certification Examination, you will learn about the basics of securities and securities markets and the role and functions of the R & T Agents in the corporate securities issuance and transaction process.

Study Material For NISM Series II B:

You can buy Nism 2B workbook from Amazon or you can download Ebook of NISM 2b from here free of cost.

We have also provided Free Mock test for Nism Series II B in this website. Our Nism Mock test discuss all the relevant concepts of this Certification in detail and provide accurate explanation for every question.


1Introduction to SecuritiesEasy
2Characteristics of Equity SharesMedium
3Other SecuritiesMedium
4Debt SecuritiesMedium
5Mutual FundsTough
6SEBI ‐ Role and RegulationsMedium
7Mutual Fund Structure and ConstituentsMedium
8Mutual Fund ProductsMedium
9Tax Aspects of Mutual Fund ProductsTough
10Operational ConceptsMedium
11Investors in Mutual FundsMedium
12Banking Operations in Mutual FundsMedium
13Financial TransactionsMedium
14Non-Financial TransactionsMedium

NISM Series 2B Summary of all Units:

1. Introduction to Securities

1.1. Introduction to Equity and Debt
1.2. Features of Equity Capital
1.3. Features of Debt Capital
1.4. Hybrid Structures

2. Characteristics of Equity Shares

2.1 Investors in Equity Shares
2.2 Features of Equity Share Capital
2.3 Risks in Equity Investing
2.4 Dividend from Equity Shares
2.5 Preference Shares
2.6 Rights Issue of Shares
2.7 Preferential Issue

3. Other Securities

3.1 Warrants
3.2 Convertible Debentures
3.2.1 Depository Receipts
3.3 Foreign Currency Convertible Bond (FCCB).

4. Debt Securities

4.1 Features of a Debt Security
4.2 Varying Coupon Structures
4.3 Other Types of Bonds
4.4 Classification of Debt Instruments
4.5 Yield from Debt Instruments.

5. Mutual Funds

5.1 Collective Investment Vehicle
5.2 Proportionate Share of Benefits
5.3 Units Vs Shares.
5.4 Assets under Management (AUM)
5.5 Total Expense Ratio
5.6 Net Assets
5.7 Assets and Liabilities in a Mutual Fund Portfolio
5.8 Advantages of Mutual Funds.

6. SEBI – Role and Regulations.

6.1 SEBI’s Role
6.2 Investor Education and Protection Fund (IEPF)
6.3 SEBI Regulations for Registrars and Transfer Agents.

7. Mutual Fund Structure and Constituents

7.1 Sponsor
7.2 Trustees
7.3 Asset Management Company (AMC)
7.4 Constituents
7.5 Custodians
7.6 Registrar and Transfer Agents
7.7 Other Constituents
7.8 Regulation of Mutual Funds.

8. Mutual Fund Products

8.1 Product Differentiation.
8.2 Open-ended Funds.
8.3 Close-ended Funds.
8.4 Direct and Regular Plans.
8.5 Product Creation Process.
8.6 Offer document, Addendum and KIM.
8.7 Categorisation of Products.
8.8 Strategy-based Classification.
8.9 Debt Funds.
8.10 Equity Funds.
8.11 Hybrid Funds.
8.12 Solution Oriented Schemes.
8.13 Other Types of Funds

9. Tax Aspects of Mutual Fund Products

9.1 Taxation of Capital Gains.
9.2 Dividends and Dividend Distribution Tax (DDT).
9.3 Investment Options.

10. Operational Concepts

10.1 New Fund Offer (NFO.
10.2 Transaction Cycle.
10.3 Time Stamping.
10.4 Applicable NAV.

11. Investors in Mutual Funds

11.1 Investor Information.
11.2 PAN and KYC Norms.
11.3 Other categories.
11.4 Institutional Investors.
11.5 FATCA.

12. Banking Operations in Mutual Funds

12.1 Bank Accounts.
12.2 Payment Instruments.
12.3 Electronic Payment Instruments and Demand Drafts.
12.4 NPCI and NACH.

13. Financial Transactions

13.1 Application Form.
13.2 Transaction Slip.
13.3 Payment Instruments.
13.4 Purchase Transactions.
13.5 Statement of Account (SoA) and Consolidated Account Statement (CAS).
13.6 Systematic Investment Plan (SIP).
13.7 Redemption.
13.8 Switch.
13.9 Systematic Withdrawal and Transfer Plans.

14. Non-Financial Transactions

14.1 Change of Address (CoA).
14.2 Change of Bank Details (CoB).
14.3 Change in Option.
14.4 Change in Name (Individual Investors).
14.5 Change in Corporate Name or Status.
14.6 Investor Complaints.

NISM R & T Agents 2B Mock Test (Play And Earn):

NISM R & T Agents 2B Mock Test


#1. T-bills issued by

T-bills are used for managing liquidity for the  government of India and are issued by RBI in behalf of the government.

#2. OD is used for comparison of schemes

Offer Document (OD) is used  to get information about scheme

#3. A debenture is/are issued by

A debenture are debt instrument issued by both  Government and Corporations.

#4. Certificate of Deposits are issued by

Certificate of Deposits are issued by Scheduled banks  

#5. Who prescribed Compliance officer ?

SEBI prescribed Compliance officer whose job is to get  information from key personnel of Mutual fund  schemes about the  shares they  buy and  sell. It is  mandatory  for them to provide information to Compliance officer on half yearly  basis.

#6. Distributor's job is to hold shares for safekeeping?

As per SEBI , Custodian must holds shares for for safekeeping 

#7. Who can be considered as Promoter of AMC?

Sponsors can be considered as Promoter of Asset Management Company 

#8. Which of the following expenses can be charged to Mutual fund scheme ?

Expenses can be charged only for the management of fund 

#9. Which fund is good for emergency redemption of money ?

Liquid fund  is important  for  any investor’s  portfolio  as there is no lock-in period one can withdraw  money  anytime. Liquid fund is good for emergency redemption of money. 

#10. Transaction in the platforms of BSE and NSE are governed by

NSE and BSE are transaction aggregator.

So the transactional disputes and Transactions in the platforms of BSE and NSE are governed by AMC.

#11. Certificate of Deposits are issued to

Certificate of Deposits are issued  to Individuals as well as Corporations.

But issued  by Scheduled banks.


Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges.

As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. Past performance of securities/instruments is not indicative of their future performance. This post is only for Educational purpose.

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