This book aims to create a common minimum knowledge benchmark for associated persons i.e., distributors, agents or any persons employed or engaged or to be employed or engaged in the sale and/or distribution of mutual fund products and advisory functions in order to enable a better understanding of features of advanced mutual fund products, fund valuations, fund performance measurements, investor service and related regulations.The Present Publication is the January 2020 workbook version, published exclusively by Taxmann for NISM Certification Examination V-C [Mutual Fund Distributors (Level 2)], with the following noteworthy features:Understand the salient features of the following:o Fund of Fundso Exchange Traded Fundso Real Estate Mutual Fundso Real Estate Investment Trusts (REITs) o Infrastructure Investment Trusts (InvITs) o Venture Capital Fundso Private Equity Fundso International FundsKnow the legalities of real estate mutual funds, REITs and InvITs; investment restrictions applicable to mutual fund schemes; and the processes for making changes in the structure of a mutual fund or any of its schemesAppreciate the working of alternate channels of distribution viz. stock exchange and internet Get acquainted with the approaches fund managers take to manage investments and associated risks Understand how equities, debt, derivatives and real estate are valued in mutual fund schemes Get oriented to the accounting aspects of NAV determination, investors transactions with the fund and corporate actions by investee companies Know how taxation affects mutual fund schemes and investors Understand the processes underlying investment in NFO, open-end schemes, closed-end schemes and ETF as well as nomination and pledge processes relating to mutual funds Appreciate how schemes are evaluated Get a historical perspective on returns earned in different asset classes Get acquainted with the issues involved in selling alternate investment products Understand ethical requirements and measures to protect mutual fund investors Coverage of this book includes: o Mutual Fund Structureso Legal and Regulatory Environment of Mutual Fundso Fund Distribution and Sales Practiceso Investment and Risk Managemento Valuation of Schemeso Accountingo Taxationo Investor Serviceso Scheme Evaluationo Asset Classes and Alternate Investment Productso Cases in Financial Planning o Ethics and Investor ProtectionAbout the AuthorNational Institute of Securities Markets (NISM) is an educational institution established by the Securities and Exchange Board of India (SEBI), the securities market regulator, in 2006. The Institute was established in pursuant to the Union Finance Ministers proposal, in his 2005-06 Budget Speech, to set up an institution for teaching and training intermediaries in the securities markets and promoting research.NISM is committed to its vision to lead, catalyze and deliver educational initiatives to enhance the quality of securities markets. The Institute conducts a wide range of capacity building programmes in securities markets from basic financial literacy to full-time post-graduation programmes. The Institutes six Schools of Excellence, viz., School for Certification of Intermediaries, School for Securities Education, School for Investor Education and Financial Literacy, School for Regulatory Studies and Supervision, School for Corporate Governance and School for Securities Information and Research upholds NISMs vision and works in synergy towards professionalizing the markets. .NISM is mandated by SEBI (Certification of Associated Persons in the Securities Markets) Regulations, 2007 to conduct certification examinations and continuing professional education programs for associated persons engaged by an intermediary. NISM also conducts certification examinations for other regulators like IBBI and PFRDA. NISMs certifications establish a single market-wide knowledge benchmark for differ