NISM-Series-II-B: Registrars to an Issue and Share Transfer Agents – Mutual Fund
The NISM-Series-II-B: Registrars to an Issue and Share Transfer Agents – Mutual Fund Certification Examination seeks to create a common minimum knowledge benchmark for persons working in Registrars to an Issue and Share Transfer Agents (R&T agent) organizations in the mutual fund R&T function, in order to enable better quality investor service, operational process efficiency, and risk controls.
Learning Objectives
On successful completion of the NISM Registrars and Transfer Agent examination, the candidate should:
- Firstly, know the basics of securities and securities markets
- Secondly, understand broadly the role and functions of the RTAs in the mutual fund issuance and transaction process.
- And lastly, know the regulatory environment in which the RTAs operate in India.
Target Audience
The following persons can take NISM-Series-II-B: RTA – Mutual Funds Certification Examination:
- Firstly, associated persons employed or engaged or to be employed or engaged by Registrar to an Issue and Share Transfer Agents involved in dealing or interacting with the investors or issuers, dealing, collecting or processing applications from the applicants, dealing with matters relating to corporate actions, refunds or redemptions, repurchase of securities, handling redressal of investors’ grievances, responsible for internal control and risk management, responsible for any compliance of securities laws and responsible for any other activity performed under the Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993.
- Secondly, interested students/professionals
- And lastly, any other individuals
Exam Details – NISM-Series-II-B: Registrars to an Issue and Share Transfer Agents – Mutual Fund Certification Examination
| Exam Name | NISM-Series-II-B: Registrars to an Issue and Share Transfer Agents – Mutual Fund |
| Certification Validity | 3 Years |
| Exam Duration | 120 Minutes (2 Hours) |
| Total Number of Questions | 100 |
| Maximum Marks | 100 |
| Passing Marks | 50 |
| Negative Marking | There will be negative marking of 25% of the marks assigned to a question |
| Exam Fees | ₹1500/- |
The NISM Registrars and Transfer Agent exam questions will be of type multiple-choice.
How to Register & Enroll for the exam?
For registrations, candidates may visit https://certifications.nism.ac.in/nismaol/.
After successful registration, candidates may select a test center, date, and time slot of their choice on the Test Administrator website.
Visit HERE to refer to the registration guidelines.
NISM Series-II B: Registrars and Transfer Agents (Mutual Fund) Interview Questions
Re-Certification Policy
To renew your current certificate, you need to appear for NISM CPE for Registrar to an Issue and Share Transfer Agents – Mutual Funds or successfully pass the NISM RTA – Mutual Funds Certification Examination before the expiry of such certificate.
Frequently Asked Questions
Click HERE to find answers to the frequently asked questions.
Course Outline for NISM-Series-II-B: Registrars to an Issue and Share Transfer Agents – Mutual Fund Certification Examination
I: Introduction to Securities
- Introduction to Equity and Debt
- Features of Equity Capital and Benefits to Equity Investors
- Features of Debt Capital and Benefits to Debt Investors
- Hybrid Structures
II: Characteristics of Equity Shares
- Investors in Equity Shares
- Rights of a Shareholder
- Risks in Equity Investing
- Equity Terminology
- Corporate Actions
- Preference Shares
- Rights Issue of Shares
- Preferential Issue
III: Characteristics of Debt Securities
- Features of a Debt Security
- Market Value of a Debt security
- Yield from Debt Instruments
- Types of Debt Securities
- Classification of Debt Market
- Credit Rating
- Money Market Instruments
IV: Characteristics of Other Securities
- Warrants
- Convertible Debentures
- Depository Receipts
- Foreign Currency Convertible Bond (FCCB)
- Exchange Traded Funds (ETFs) and Index Funds
- Investment Trusts
V: SEBI – Role and Regulations
- Securities and Exchange Board of India Act, 1992 and Role of SEBI
- SEBI Regulations specifically aimed at Investor Protection
- Investor Education and Protection Fund (IEPF)
- SEBI Regulations for Registrars and Transfer Agents
VI: Basics of Registrars and Transfer Agents
- Introduction
- Investor Service Centre (ISC) and Official Point of Acceptance (OPA)
- Qualified Registrar and Transfer Agents (QRTAs)
- RTA and Depository Interface
- Industry Overview
VII: Registrar and Transfer Agents Regulations
- Guidelines under SEBI (LODR) Regulations 2015
- SEBI (Registrars to an Issue and Share Transfer Agents) Regulations 1993
- Enhanced Monitoring Guidelines for QRTAs
- Cyber Security and Cyber Resilience Framework for QRTAs
- Systems Audit Framework
- Segregated Portfolios
- Ultimate Beneficial Owner
VIII: Basics of Mutual Funds
- Introduction to Mutual Funds
- Advantages of Mutual Funds
- Open Ended and Close Ended Mutual Funds
- Assets under Management (AUM)
- Total Expense Ratio
- Net Assets
IX: Mutual Fund Structure and Constituents
- Sponsor
- Trustees
- Asset Management Company (AMC)
- Custodians
- Regulation of Mutual Funds
- Constituents and Service Providers
X: Mutual Fund Products
- Product Differentiation
- Types of Mutual Fund Plans
- Features of Mutual Fund Products
- Product Labelling
- Strategy-based Classification
- Product Creation Process
- Scheme related Documents
- Types of Mutual Funds
XI: Operational Concepts of Mutual Funds
- New Fund Offer (NFO)
- On-going/ Continuous Offer
- Computation of Net Asset Value (NAV)
- Applicable NAV
- Time Stamping and Risk Control
- Cut Off Time
- Investing in Mutual Funds through Stock Exchanges
- Holding Units in Dematerialized Form
- Role of RTA in Tax Computation
- Reporting Requirements to Central Board of Direct Taxes (CBDT)
XII: Investors in Mutual Funds
- Individual Investors
- Institutional Investors
- Investor Information and Documentations
- Know Your Customer (KYC) Norms
- Power of Attorney
- Nomination
- FATCA and CRS Compliance
XIII: Banking Operations in Mutual Funds
- Payment Mechanism
- Bank Accounts maintained by Mutual Funds
- Electronic Clearing Mechanisms
- Role of Registrars and Transfer Agents (RTAs) in Banking Operations
XIV: Financial Transactions
- Application Form Vs Transaction Slip
- Purchase Transactions
- Redemptions
- Account Statements for Investments
- Switch
- Systematic Transactions
- Turn-around-times for various Financial Transactions with Mutual Funds
- Role of RTA in Commission Payment
XV: Non-Financial Transactions
- Firstly, Change in Name (Individual Investors)
- Secondly, Change of Address
- Thirdly, Change of Bank Details
- Fourthly, Change/ Updation of Other Details
- Minor becoming Major
- Registration of Power of Attorney (PoA)
- Registration of Nominee
- Pledge and Lien Marking
- Transmission of Units
- Change in Option
- Change in Corporate Name or Status
- Investor Grievance Redressal
- Value-Added Services by RTAs
Preparatory Guide – NISM-Series-II-B: Registrars to an Issue and Share Transfer Agents – Mutual Fund Certification Examination
Before you get started, you must refer to the following preparatory guide that mentions all the relevant NISM Registrars and Transfer Agent training and possible learning resources that are ideally required for the exam preparation.
Review the Exam Objectives and Self-Study
Analyzing the curriculum will let you align yourself more deeply with the chief objectives of the exam. Moreover, this will enable you to gain the required command to earn your desired certification.
- Firstly, Introduction to Securities
- Secondly, Characteristics of Equity Shares
- Thirdly, Characteristics of Debt Securities
- Fourthly, Characteristics of Other Securities
- Then, SEBI – Role, and Regulations
- Even, Basics of Registrars and Transfer Agents
- Likewise, Registrar and Transfer Agents Regulations
- Also, Basics of Mutual Funds
- Mutual Fund Structure and Constituents
- Then, Mutual Fund Products
- Furthermore, Operational Concepts of Mutual Funds
- Next, Investors in Mutual Funds
- Moreover, Banking Operations in Mutual Funds
- Lastly, Financial TransactionsXV: Non-Financial Transactions
NISM Registrars and Transfer Agent: Study Material
Candidates can buy NISM workbooks online through Taxmann Publications Private Ltd. Visit https://www.taxmann.com/bookstore/nism-iibf-books.aspx to place your orders for NISM workbooks. The NISM Registrars and Transfer Agent book include:
If you prefer to order by phone, please call your nearest store directly to place your order.
Involve & Engage with the Community
Get involved and engaged with a community! This might include joining or volunteering with your local, regional, or national professional associations and groups focused in your area(s) of interest. You will likely learn a lot and have an opportunity to contribute.
Having professional support is helpful at every stage of your career, so create opportunities to identify trusted colleague(s), mentors, and/or groups now.
Practice Exam
Self-evaluation provides you with greater insight into your preparation. Before the actual certification test, indeed, it is highly recommended to give NISM Registrars and Transfer Agent practice test. It will help you determine your skills and preparation, making you familiar with the exam pattern.
Assess your knowledge and evaluate yourself with the latest and updated NISM Registrars and Transfer Agent sample questions and practice tests that TestPrepTraining offers you for FREE!
