NISM Series V-A case studies
NISM Series V-A · Put your knowledge to work in context.
The NISM-Series-V-A Mutual Fund Distributors Certification Examination is one of the certification examinations offered by the National Institute of Securities Markets (NISM) - a public trust established in 2006 by the Securities and Exchange Board of India (SEBI), the regulator of the securities markets in India. NISM lists it in the Mutual Fund group of certifications, alongside the NISM-Series-V-B Mutual Fund Foundation Certification Examination and the newer NISM-Series-V-D Mutual Fund – Specialized Investment Fund Distributors Certification Examination. The NISM Series V-A case studies are 5 cases and about 3,402 words.
1The 'Assured 12%' Retirement Pitch
Their investible corpus is ₹85 lakh: ₹34 lakh in a single infrastructure sector fund, ₹28 lakh in one mid-cap fund, ₹18 lakh in a large-cap fund and ₹5 lakh in a savings account. There is no will, no updated nomination, and no health cover beyond an employer policy that stops at retirement.
670 words, about 3 min2The Churn, the Lapsed ARN and the Word 'Advisor'
Rohit is an AMFI-registered mutual fund distributor. His ARN came up for renewal in March and he has not completed the renewal formalities.
666 words, about 3 min3Two Purchases, Two NAVs, and a Tax Question
Nair, a first-time investor, submits an application for ₹1,90,000 in an equity scheme on Monday at 4:30 p.m.; the money leaves her bank on Tuesday and units are allotted at Tuesday's NAV. Later she submits a second application for ₹2,50,000 on a Wednesday at 11:00 a.m.; the cheque clears and the funds are realised by the AMC on Friday.
638 words, about 3 min4Same Return, Different Risk - and a Benchmark That Flatters
Two equity funds show an identical 14% five-year CAGR. Fund A: standard deviation 18%, beta 1.05, maximum drawdown 42%, Sharpe ratio 0.62.
692 words, about 3 min5Four Items on the Registrar's Desk
On a single day the registrar for a fund house handles four items: (i) a redemption request from Mr. Shah received at 4:45 p.m.
736 words, about 4 min