IFMP Mutual Fund Distributors Certification (MFDC), Pakistan study plan

Define mutual fund, unit, NAV, and the roles of trustee, AMC, and distributor in your own words

Map the four exam domains to the SECP regulatory instruments that govern each one

List the licensing and eligibility requirements for a mutual fund distributor under SECP rules

Build a one-page glossary of 25 core terms with a plain-language definition for each

Explain how NAV is calculated and how front-end and back-end loads change the investor's effective return

Trace the distribution chain from AMC to distributor to investor and identify where commission is earned

Summarize distributor obligations on KYC, record-keeping, and client communication

Solve five numerical NAV and load problems by hand without a calculator error

Classify fund types by asset class, structure (open vs closed end), and payout policy

Compare money market, income, balanced, equity, index, and Shariah-compliant funds on risk and return drivers

Identify the disclosure documents an investor must receive before investing and what each contains

Match each fund category to the SECP category definitions and investment limits

Explain risk and return for each fund category using volatility, credit, and liquidity risk

Describe cost structures: management fee, trustee fee, sales load, and expense ratio, and how each hits returns

Apply the suitability principle by matching three investor profiles to appropriate fund categories

Distinguish Shariah-compliant structures from conventional ones on screening and purification

Draft the questions a distributor must ask to build a client risk profile and know the purpose of each

Explain the complaint and dispute resolution route available to an aggrieved investor

Summarize anti-money-laundering and customer due diligence duties at the point of sale

Identify prohibited sales practices such as mis-selling, guaranteed-return claims, and churning

Produce a compliant sales presentation outline that states risks and costs without promising returns

Explain how to handle a client who asks for a guaranteed return or wants to switch funds frequently

Describe the investor's rights on redemption, statement of account, and fee transparency

Role-play two client conversations and self-score against a compliance checklist

Review all four domains using timed practice sets and log every wrong answer by domain

Re-derive the five most commonly tested calculations from memory

Reconcile any conflicting rules between fund documents and SECP requirements

Close the three weakest sub-topics identified in your error log

Complete two full-length timed mock exams under exam conditions

Review every missed question and convert each into a one-line rule you can recall

Recite the core definitions, distributor duties, and fund categories without notes

Confirm exam-day logistics and build a final one-page revision sheet