NISM Series-II B: Registrars and Transfer Agents (Mutual Fund) Practice Exam

NISM Series-II B: Registrars and Transfer Agents (Mutual Fund) Practice Exam

The NISM Series-II B: Registrars to an Issue and Share Transfer Agents (Mutual Fund) Certification Examination is designed to assess the knowledge and competency of individuals working for Registrar and Transfer Agents (RTAs) who handle mutual fund operations.

Who Should Take This Exam?

• Investor Service Representatives (Mutual Funds): Individuals who handle investor inquiries, process account applications, and address investor grievances related to their mutual fund holdings.
• Transaction Processing Officers (Mutual Funds): Those responsible for processing investor transactions, including subscriptions, redemptions, switches, and account maintenance tasks.
• Compliance Officers (RTA - Mutual Funds): Individuals ensuring adherence to SEBI regulations and internal compliance procedures within the RTA for mutual fund operations.

Prerequisites

There are no formal prerequisites for taking the NISM Series-II B exam. However, a basic understanding of financial services and the Indian capital market would be beneficial.

Roles and Responsibilities 

• Mutual Fund Investor Service Specialist: Providing dedicated support to investors, addressing their queries, and ensuring a smooth experience throughout the investment lifecycle.
• Mutual Fund Transaction Processing Specialist: Accurately processing investor transactions for various mutual fund schemes, adhering to deadlines and regulatory requirements.
• RTA Compliance Analyst (Mutual Funds): Monitoring RTA operations for compliance with SEBI regulations and internal guidelines for mutual fund activities.

Exam Details

• Test Duration (in minutes): 120
• No. of Questions: 100
• Maximum Marks: 100
• Pass Marks: 50%
• Certificate Validity (in years): 3 years
• Negative marking – 25% of the marks assigned to the question.

Course Outline

On successful completion of the examination the candidate should:

• Know the basics of securities and securities markets
• Understand broadly the role and functions of the RTAs in the mutual fund issuance and transaction process.
• Know the regulatory environment in which the RTAs operate in India.