Amfi Revison Kit

Only available on StudyMode
  • Download(s) : 357
  • Published : April 5, 2011
Open Document
Text Preview
Welcome Delegates

AMFI Mutual Fund (Advisor) Module
Preparatory Training Program

Agenda


By the end of the workshop, you shall be able to:
understand the key mutual fund concepts required to take the AMFI exam  get useful exam practice through quiz and practice tests. 

Logistics
Timing  Breaks  Participation  Mobiles


“Learning is not a spectator sport”.

How this session would help
Increased importance of mutual funds  Provide the right advice to clients  Make your Own/family’s investments wisely  You require AMFI Certification to sell anyway!. 

Exam logistics
AMFI Mutual Fund (Advisor) Module  2-hour examination – manual as well as online  72-74 MCQs 


48Q 1 mark each and 26Q 2 marks each indicated with the question

       

Max marks 100 Passing marks 50% Negative Marking 25% of the question score Each candidate has a different question paper Each chapter has a weightage which is not disclosed One needs to be thorough with the entire syllabus The language is the tricky part The exam emphasis is on conceptual clarity.

Sample


A capital gain is treated as short-term when the period of holding an asset before its sale is: a. less than 12 months from the date of purchase b. more than 12 months from the date of purchase c. not exceeding 12 months from the date of purchase d. exceeding 12 months from the date of purchase

AMFI Syllabus
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15.

Concept & Role of Mutual Funds Fund Structure and Constituents Legal & Regulatory Framework The Offer Document Fund Distribution and Sales Practices Accounting, Valuation and Taxation Investor Services Investment Management Measuring & Evaluating Mutual Fund Performance Helping Investors with Financial Planning Recommending Financial Planning Strategies to Investors Selecting the right Investment Products for Investors Helping Investors understand risks in Fund Investing Recommending Model Portfolios and Selecting the right fund Business Ethics and Mutual Funds.

Agenda
Section 1: Nuts & Bolts
Concept & Role of Mutual Funds Fund Structure and Constituents Legal & Regulatory Framework

Section 5: Return Concepts
Measuring & Evaluating Mutual Fund Performance

Section 6: Financial Planning & Mutual Funds
Helping Investors with Financial Planning Recommending Financial Planning Strategies Selecting the right Investment Products Helping Investors understand risks Recommending Model Portfolios and Selecting the right fund

Section 2: Process of Investing
Offer Document Fund Distribution & Sales Practices Investor Services

Section 3: Mutual Funds & Securities Markets
Investment Management

Section 7: Business Ethics
Business Ethics & Mutual Funds

Section 4: Accounting Aspects
Accounting, Valuation and Taxation

Section 1 Nuts and Bolts
1. 2. 3.

Concept & Role of Mutual Funds Fund Structure and Constituents Legal & Regulatory Framework

Concept of Mutual Fund


 

  

A pool of money contributed by many investors and collectively managed by an asset management company Investments made in accordance with stated objectives A financial intermediary that allows small investors to participate in the securities market Ownership of the fund is mutual and beneficial An investor becomes part owner of the fund’s assets when he buys into the fund The investor is allotted units for the amount subscribed.

What it means
Investors
Contribute money Receive dividend/capital appreciation

Trust (pool of money)
Invest in markets Receive interest, dividend or capital growth

Markets (volatile, has fluctuation)

The MF Cycle

Characteristics
Investors own the mutual fund  Everyone else associated with the fund earns a fee  Things which are mutual 

Pool of money  Investment objective  Risk and return


Funds are invested in a portfolio of marketable securities reflecting the investment objective  Value of the portfolio...
tracking img