NISM-Series-II-B: Registrars to an Issue and Share Transfer Agents – Mutual Fund: FAQ’s
Get solutions to all the unanswered questions and queries about the NISM-Series-II-B: Registrars to an Issue and Share Transfer Agents – Mutual Fund Certification Examination.
What is the exam about?
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.
What is the significance of the exam?
On successful completion of the registrars and transfer agents 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.
How do register myself to take 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.
What is the target audience of the exam?
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
How can I renew my certification?
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.
What are the objectives of the exam as per the curriculum?
- 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
What are the total number of questions in the exam?
There will be a total of 100 multiple-choice questions in the exam.
What is the passing score for the exam?
The candidate need to score a minimum of 50% to pass the certification examination.
Is there any negative marking in the exam?
Yes, there will be negative marking of 25% of the marks assigned to a question
How long is the duration of the exam?
The exam duration is 120 minutes, i.e., 2 hours.
What is the cost to take the exam?
₹1500/- is the exam fees.
