NISM Series II-B (RTA Mutual Fund) study plan

Map the end-to-end mutual fund transaction lifecycle from unit allotment to NAV publication, and label where the RTA sits at each step

Define the roles of AMC, sponsor, trustee, custodian, AMFI and RTA, and explain in writing how their accountabilities differ at the point of unit creation and cancellation

Trace a single purchase and a single redemption through the RTA system, naming each control point, register update and reconciliation touch

Build a personal glossary of at least 40 operational terms including NAV, cut-off, forward pricing, unit capital, unclaimed amounts and suspense accounts

Explain NAV computation, rounding conventions and the treatment of expenses, loads and levies, and identify which errors are NAV-impacting versus register-impacting

Sequence the daily RTA processing cycle from cut-off capture through bank reconciliation to NAV release and exception reporting

Distinguish the folio master, transaction register and unit-holder database, and describe what a reconciliation break looks like in each

Interpret a specimen account statement and a scheme portfolio disclosure to locate units, cost, NAV and holding value

Classify investor transaction types including fresh purchase, additional purchase, SIP, STP, SWP, switch, redemption and transmission, and state the documentation each requires

Apply cut-off timing and forward pricing rules to at least ten worked scenario timestamps, including cases where the cheque, funds and form arrive on different days

Explain the KYC process for individuals and non-individuals, the role of KRA, CKYC and the central record, and when re-KYC or periodic updation is triggered

Describe FATCA and CRS self-certification requirements and the consequences of a missing or deficient form

Identify the documents and validations needed for a non-individual folio, a minor folio and a jointly held folio

List the service requests an RTA must handle, including bank mandate change, nominee registration, lien marking, pledge, address change and folio consolidation, and specify the evidence for each

Explain nomination, transmission and the claim settlement path for a deceased unitholder, including the threshold-based simplified versus full documentation route

Summarise the obligations of an RTA under SEBI's intermediary registration and code of conduct provisions, and state the reporting and record-keeping duties that follow

Describe the AMFI code of conduct and best-practice guidelines that shape day-to-day unitholder servicing

Distinguish SEBI, AMFI and AMC circulars from internal standard operating procedures, and explain which prevails when they conflict

Explain the SEBI (Mutual Funds) Regulations framework at a working level, covering scheme categorisation, the role of the trustee, and the limits on investments and borrowing

Describe the RTA's registration conditions, net-worth and fit-and-proper requirements, and the grounds on which registration can be suspended or cancelled

Apply the insider trading and fraudulent trade practice prohibitions to operational situations such as front-running, late cut-off manipulation and preferential NAV allotment

Explain the anti-money laundering and combating financing of terrorism obligations that apply to an RTA, including suspicious transaction reporting and the thresholds involved

Outline the grievance redressal architecture from the AMC-level investor service desk through SEBI's online complaint system and the arbitration route

Build a risk register for an RTA covering at least twelve operational, technology, people, fraud and regulatory risks, each with likelihood, impact and a named control

Explain segregation of duties, maker-checker, dual authorisation and four-eyes principles, and design a control that prevents unauthorised bank mandate changes

Describe business continuity and disaster recovery expectations for an RTA, including recovery objectives and the testing evidence required

Trace how a complaint becomes a root-cause analysis and a corrective action, and explain how complaint ageing and closure metrics are reported

Identify the internal audit and inspection cycle, and list the records, registers and reports that must be preserved and for how long

Reconcile a simulated set of RTA records against bank statements and AMC records, identify three seeded breaks and write the correction entries

Diagnose common processing failures such as incorrect folio mapping, wrong scheme code, duplicated SIP debit and rejected ECS mandate, and state the remediation path for each

Explain the treatment of unclaimed redemptions, unclaimed dividends and the investor education and awareness fund, including the movement of funds and the reporting that accompanies it

Describe the cybersecurity and data privacy controls expected of an RTA, including access management, encryption and incident notification

Consolidate the four domains into a single revision map and close every gap flagged during weeks one to seven

Answer timed mixed-domain practice sets and review each error by naming the underlying rule rather than the answer

Rehearse the numerical areas including NAV application dates, exit load and expense calculations, and turnaround thresholds

Draft your own one-line summaries of the ten rules you most often got wrong, and restate each rule from memory