B.Com. (Accounting and Finance) Mutual Fund Distributor II Syllabus - Mumbai University

This is the SY BAF syllabus under NEP 2020, in force from the academic year 2025-26. The University still sets the earlier Choice Based syllabus below alongside it for ATKT candidates, so check which scheme your exam form names before you revise.

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Syllabus for Mutual Fund Distributor - II

Skill enhancement course · Semester 4 · SY BAF · 2 credits · 50 marks

Module I: Legal and Regulatory Framework & Fund Distribution and Channel Management Practices

A. Legal and Regulatory Framework
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 & Obligations
Due Diligence Process by AMCs for Distributors of Mutual Funds
Investor Grievance Redress Mechanism
AMFI Code of Conduct for Intermediaries B. Fund Distribution and Channel Management Practices
The role and importance of mutual fund distributors
Different kinds of mutual fund distributors - Individual players & 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

Module II: Scheme Related Information & Risk, Return and Performance Of Funds

A. Scheme Related Information
Mandatory Documents: a. Scheme Information Document, b. Statement of Additional Information, c. Key Information Memorandum, d. Addendum, e.
Updation of Scheme Documents—Regulatory provisions, f. Other Mandatory information/disclosure
Non-Mandatory Disclosures B. Risk, Return and Performance of Funds
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,
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

Reference Books

Mutual Fund Foundation by National Institute of Securities Markets
Mutual Fund Distributor by National Institute of Securities Markets
How to Make a Fortune Through Mutual Funds: Hunt with the Hounds by Ashu Dutt
Bogle On Mutual Funds: New Perspectives for The Intelligent Investor by John C. Bogle 10 • Indian Mutual Funds Handbook 5th Edition: A Guide for Industry Professionals and Intelligent Investors by Sundar Sankaran
Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor by John C. Bogle
Mutual Funds-Ladder to Wealth Creation by Vivek K Negi
A Guide to Indian Mutual Fund Investment by Dr. Susanta Kumar Mishra
Mutual Funds Made Easy! by Gerard W. Perritt
Mutual Funds for Dummies by Eric Tyson External, Semester End Examination 11 Internal Continuous Assessment: 40% 60% Individual Passing in Internal and External Examination

Reproduced from the University of Mumbai syllabus for B.Com. (Accounting & Finance) under NEP 2020, in force from the academic year 2025-26. Wording is as printed in that syllabus. Module numbering is as printed there too.

The complete syllabus

This subject is cut from the University circular for its year. Open a document here if you want the whole thing rather than a single subject.

PDF BCOM (BAF) SEM I & II (2024 25) NEP NEP 2020 syllabus, in force from 2024-25 Read full PDF Read

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PDF BAF SEM - IV Community Engagement Project (CEP) 2025-26 NEP NEP 2020 syllabus, in force from 2025-26 Read full PDF Read

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PDF BAF V & VI 2018 2019 Earlier Choice Based syllabus, still set for ATKT candidates Read full PDF Read

PDF BAF III & IV 2017 18 Earlier Choice Based syllabus, still set for ATKT candidates Read full PDF Read

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