Who Should Prepare NISM 5B Mutual Fund Foundation Certification Examination?
This NISM Certification mostly covers concepts related to Mutual funds . After preparing for NISM Series V B, you will learn about the basics of Mutual funds, NFO process, concepts of SID and SAI, Scheme Comparison to Benchmark, Demat account, Time-Stamping, Assessing Investment Requirement, Asset Allocation, Goal Oriented Planning and Expense Limits. Anyone who have interest in Mutual funds can prepare for this NISM Module.
Study Material For NISM Series V B:
You can buy Nism 5B workbook from Amazon or you can download Ebook of NISM 5B from here free of cost.
We have also provided Free Mock test for Nism Series V 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.
LIST OF CHAPTERS IN NISM Series 5B :
|Unit||NAME OF UNITS||DIFFICULTY LEVEL|
|1||CONCEPT AND ROLE OF A MUTUAL FUND||Easy|
|2||FUND STRUCTURE AND CONSTITUENTS||Medium|
|3||MUTUAL FUND PRODUCTS||Medium|
|4||MUTUAL FUND PRODUCTS||Medium|
|5||MUTUAL FUNDS TAXATION||Tough|
|7||FUND DISTRIBUTION & SALES PRACTICES||Medium|
|11||FINANCIAL PLANNING CONCEPTS||Easy|
|12||HELPING INVESTORS WITH FINANCIAL PLANNING||Easy|
|13||LEGAL & REGULATORY ENVIRONMENT||Easy|
NISM Mutual Fund Foundation Mock Test (Play And Earn):
#1. Stamp duty will be imposed on the transfer of mutual fund units.
From 1st July 2020,
Stamp duty will be imposed on the transfer of mutual fund units.
Stamp duty will be imposed on Transfer of units from one demat account to another at the rate of 0.015%.
#2. In case of HUF, long term capital gain tax on equity mutual fund is
Taxation for Individual and HUF is same.
#3. In case of Domestic company, long term capital gain tax on debt mutual fund is
Taxation for Individuals, HUF and Domestic companies is same.
So, long term capital gain tax on debt mutual fund is 20% with Indexation benefit for all of them.
#4. In an Conservative portfolio, the highest allocation is not in the support of
In Conservative portfolio,
there is relatively less equity exposure as Investors here have less risk taking capacity.
So in a Conservative portfolio, the highest allocation is in the favor of debt funds not equity.
While in Case of an Aggressive portfolio,
there is relatively more equity exposure as Investors here have more risk taking capacity.
#5. Only existing unit holders can use transaction slips
Only existing unit holders can used transaction slips as they got folio number already.
But first time and NFO investor can only use transaction slips after getting folio number.
#6. Reaping phase corresponds with
Reaping phase and distribution phase both are retirement phase of unit holder.
#7. The cut off time for Arbitrage fund repurchase is
It doesn’t matter whether mutual fund is Liquid or Arbitrage.
For all mutual funds the cut off time for repurchase is 3 pm.
#8. An investors invest Rs. 2 crores in Liquid fund. what would be the applicable NAV for allotments of units? If application is time stamped at 3:30 pm and funds available with mutual funds at 1:45 pm.
#9. An investors invest Rs. 1 crores in Liquid fund. what would be the applicable NAV for allotments of units? If application is time stamped at 1:30 pm and funds available with mutual funds at 1 pm.
#10. An investors invest Rs. 1 crores in Liquid fund. what would be the applicable NAV for allotments of units? If application is time stamped at 3 pm and funds available with mutual funds at 2 pm
#11. An investors invest Rs. 1 crore in Sector fund. what would be the applicable NAV for allotments of units? If application is time stamped at 1:30 pm and funds available with mutual funds at 2 pm.
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.