Certified Mutual Funds Analyst Course Outline


Course Outline


1. Introduction

  • Provides an understanding of the concept of Mutual Funds
  • Explains the various reasons for investing in Mutual Funds
  • Explains the disadvantages of Mutual Funds
  • Provides a brief history about Mutual Funds
  • Provides the history of Mutual Funds in India
  • Illustrates the structure of Mutual Funds           


2. Process of a Mutual Fund

  • Describes the process of setting investment goals
  • Defines the role and responsibility of each party involved in regulating Mutual Funds
  • Defines the role of AMC IN Mutual funds
  • Explains the various sources of Information


3. Characteristics and Classes of Funds

  • Identified the various characteristics and classes of funds
  • Classifies mutual funds on the basis of  structure or maturity period
  • Defines the various types of fund classes
  • Explains the various types asset classes and there functionality
  • Identified the open ended and close ended funds schemes
  • Explains the concept of New Fund Offer (NFO)
  • Explains the meaning and process of Systematic Investment Plan (SIP)
  • Explains the functions of Systematic Transfer and Withdrawal Plan


4. Types of Mutual Funds

  • Explains the money market funds and there functions
  • Explains the fixed income funds and there functions
  • Explains the functionalities of equity funds and there various types such as index funds, diversified large cap funds, madcap funds, sectoral funds, other schemes
  • Explains the scheme for fund of funds
  • Explains the objectives and characteristics of Gold ETFS
  • Explains the objectives of debt funds and pricing of debt instruments
  • Explains the features of fixed maturity plans
  • Describes the purpose, structure and opportunities underlying capital protection funds
  • Explains the meaning and types of gilt funds
  • Explains the purpose and importance monthly income plans (MIPs)
  • Explains the purpose child benefit plans with example
  • Explains the functionalities of liquid funds
  • Explains the purpose and types of balanced funds
  • Explains the meaning of global funds
  • Explains the meaning of Specialty Funds


5. Buying and Selling MFs

  • Explains the process of and types of buying a mutual fund
  • Explains the process of and types of selling a mutual fund


6. Costs associated with MFs

  • Explains the types of management and operating expenses
  • Explains the meaning of sales charges (loads) and their types
  • Describes the different types of recurring expenses
  • Explains the meaning of Securities Transaction Tax
  • Explains the method of fees paid to fund managers


7. Tax Consequences

  • Explains the types and computation of capital gains
  • Explains the meaning and computation of indexation benefit
  • Explains the calculation of Tax on Income Distributed
  • Explains the rules and sections entailing Tax Deducted at Source (TDS) / Withholding Tax
  • Explains the meaning, features of bank fixed deposit and associated terms such as term deposits and floating interest rate deposit
  • Explains the meaning  and features of Dividend Payout and Growth Options within Schemes
  • Illustrates the process of setting off & carry forward of losses
  • Illustrates the meaning and process of dividend stripping


8. Returns and Risks of MFs

  • Describes the various types of mutual fund payouts such as dividend payments, capital gains distribution, increased NAV, growth option, etc
  • Illustrates the meaning and computation of NAV
  • Illustrates the computation of Expense Ratio
  • Describes the types of risks such as interest rate risk, credit risk
  • Explains the terms such as standard deviation, beta, weighted average maturity, modified duration, sharpe ratio etc
  • Explains the effects of AUM on portfolio turnover, analyzing cash level in portfolios, and past performance


9. Regulations

  • Explains the ways in which mutual funds are regulated such as through registration requirement, prospectus requirement, funds operation and sales conduct
  • Explains the principle objectives of AMFI
  • Explains the investor’s rights and obligations
  • Explains the terms such as offer document, key information memorandum, scheme information document, statement of additional information etc


10. Taking investment decision

  • Explains the meaning of growth option, dividend payout option, dividend reinvestment option
  • Explains the difference between bank products and mutual funds
  • Illustrates the drawbacks of investing in mutual funds, common myths and possible measure for avoiding pitfalls


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