♦ Role of Regulators in India

♦ Role of Securities and Exchange Board of India:

(a)Regulatory Reforms by SEBI,

(b)Mutual Funds Regulations,

(c)Investment Restrictions and Portfolio Diversification Norms for Mutual Fund Schemes,

(d)SEBI Advertisement Code for Mutual Funds,

(e)Investors’ Rights and Obligations

♦ Due Diligence Process by AMCs for Distributors of Mutual Funds

♦ Investor Grievance Redress Mechanism

♦ AMFI Code of Conduct for Intermediaries

♦ The Role and Importance of Mutual Fund Distributors

♦ Different Kinds of Mutual Fund Distributors – Individual Players and Non-Individual Entities

♦ Modes of Distribution

♦ Pre-Requisites to Become Distributor of a Mutual Fund

♦ Revenue for a Mutual Fund Distributor:

(a)Concept of Trail Commission,

(b)Additional Commission for Promoting Mutual Funds in Small Towns,

(c)Transaction Charges,

(d)Applicability of GST on Distributors Commission

♦ Commission Disclosure Mandated by SEBI

♦ Due Diligence Process by AMCs for Distributors of Mutual Funds

♦ Difference Between Distributors and Investment Advisors

♦ Nomination Facilities for Agents/Distributors and Payment of Commission to Nominee

♦ Change of Distributor

♦ Mandatory Documents:

(a)Scheme Information Document,

(b)Statement of Additional Information,

(c)Key Information Memorandum,

(d)Addendum,

(e)Updation of Scheme Documents – Regulatory provisions,

(c)Other Mandatory Information / Disclosure

♦ Non-Mandatory Disclosures

♦ General Risk Factors: (a) Liquidity Risk, (b) Interest Rate Risk,

(c) Re-investment Risk, (d) Political Risk, (e) Economic Risk, (f) Foreign Currency Risk

♦ Specific Risk Factors:

(a)Risk Related to Equity and Equity Related Securities,

(b)Risk Associated with Short Selling and Stock Lending,

(c)Risks Associated with Mid-Cap and Small-Cap Companies,

(d)Risk Associated with Dividend,

(e)Risk Associated with Derivatives,

(f)Risks Related to Debt Funds,

(g)Risk Associated with Floating Rate Securities,

(h)Risks Associated with Investments in Securitized Assets

♦ Factors that Affect Mutual Fund Performance

♦ Drivers of Returns and Risk in a Scheme

♦ Measures of Returns (Practical Sums): (a) Simple Return,

(b) Annualized Return, (c) Compounded Return, (d) Compounded Annual Growth Rate

♦ SEBI Norms Regarding Representation of Returns by Mutual Funds in India

♦ Risks in Fund Investing with a Focus on Investors

♦ Measures of Risk: (a) Variance (Practical Sums), (b) Standard Deviation (Practical Sums), (c) Beta (Practical Sums), (d) Modified Duration, (e) Weighted Average Maturity, (f) Credit Rating,

(g) Information Ratio

♦ Net Asset Value of Segregated Portfolio

♦ Risks Associated with Segregated Portfolio