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Mutual Fund Distributors — 141 questions
Chapter 1 — Investment Landscape12
Chapter 2 — Concept & Role of a Mutual Fund7
Chapter 3 — Legal Structure of Mutual Funds in India6
Chapter 4 — Legal and Regulatory Framework13
AMFI's Disciplinary Sequence for a Code of Conduct BreachCan a 4-Month-Old Scheme Advertise Past Performance?How Unclaimed Redemption and Dividend Amounts Are HandledSEBI's Branding Rules to Keep SIFs Distinct From Regular Mutual FundsThe 14-Word, 5-Second Standard Warning Rule for MF AdsThe 21-Day Deadline for Resolving Investor Grievances via SCORESThe 75% Unitholder Vote Needed to Terminate an AMC or Wind Up a SchemeThe Five Cyber Resiliency Goals Under SEBI's CSCRFThe Investor's Exit Right When Fundamental Attributes ChangeThe Schedule VI Rule Barring Fund of Funds From Investing in Other FoFsWhat are the Regulatory Rules for Inter-Scheme Transfers (ISTs)?When Must an AMC Conduct Due Diligence on a Distributor?Why SEBI Mandates Total Return Index Benchmarking Over Price ReturnView all 13 in this chapter →
Chapter 5 — Scheme Related Information12
Chapter 6 — Fund Distribution and Channel Management Practices9
Chapter 7 — Net Asset Value, Total Expense Ratio & Pricing of Units13
A Worked Example: Calculating NAV Per Unit From Scheme FinancialsHow Distributable Reserves Are Calculated Before an IDCW PayoutHow Gold and Silver ETFs Get Valued Using LBMA PricesSEBI's Ban on Entry Loads and Rules Governing Exit LoadsSEBI's Cap on Brokerage and Transaction Costs Charged to a SchemeSEBI's Fair Valuation Principles and Who Is Accountable for ThemThe 2.10% TER Ceiling on the First Rs. 500 Crore of an Equity SchemeWhat are the Base TER Slabs for Debt Mutual Fund Schemes?What are the Statutory Base TER Slabs for Equity Mutual Funds?What is the 7-Day Graded Exit Load Structure in Liquid Funds?Why AT-1 Perpetual Bonds Are Valued With a 100-Year Deemed MaturityWhy Daily Mark-to-Market Valuation Protects Every UnitholderWhy No Management Fee Applies on a Segregated PortfolioView all 13 in this chapter →
Chapter 8 — Taxation10
Chapter 9 — Investor Services21
A Worked Example: How Many Units an IDCW Reinvestment AllotsA Worked Example: Which NAV Applies When Funds Clear a Day LateA Worked SIP Example: Units Accumulated Under Rupee Cost AveragingCut-Off Rules for Same-Day Purchases in Liquid FundsDirect Plan vs Regular Plan: Why the NAVs Diverge Over TimeHow Many Nominees Can a Folio Have, and Who Can Operate It If You're Incapacitated?How a Systematic Transfer Plan Moves Money Between SchemesHow the Consolidated Account Statement Is Generated Across FundsHow the Instant Access Facility Caps Same-Day RedemptionsMicro-SIP Limits That Qualify an Investor for PAN ExemptionNFO Subscription Limits and the Penalty for Delayed RefundsThe Extended 7 PM Cut-Off for Overnight Fund RedemptionsThe Minor-Investor Exception to the Third-Party Payment BanThe Rs. 50,000 Umbrella Limit on Cash Investments in Mutual FundsUBO Thresholds That Differ for a Company Versus a Partnership FirmWhat a Power of Attorney Holder Cannot Do in a Mutual Fund FolioWhat is the Cut-Off Time and NAV Allotment Rule for Liquid Funds?What is the Cut-Off Time for Equity and Debt Mutual Fund Purchases?What the MITRA Platform Does for Unclaimed Mutual Fund FoliosWhose Bank Account Can Fund a Minor's Mutual Fund Investment?Why is an SWP More Tax-Efficient than IDCW Dividend Payouts?View all 21 in this chapter →
Chapter 10 — Risk, Return & Performance of Funds12
Chapter 11 — Mutual Fund Scheme Performance8
Chapter 12 — Mutual Fund Scheme Selection18
A Worked Example: Calculating Portfolio Turnover Ratio and What It SignalsChoosing the Right Scheme for a Cash Need in 45 DaysGold ETF vs Gold Sector Fund: Different Return Drivers EntirelyHow Growth and Value Styles Perform Across Market CyclesHow Risk and Volatility Rise From Large Cap to Small Cap FundsRanking Debt Scheme Categories by Credit (Default) RiskRanking Debt Scheme Categories by Interest Rate (Duration) RiskRanking Equity Funds by Portfolio Concentration RiskRanking Hybrid Fund Categories by Equity Risk ExposureRanking Liquid, Debt, Hybrid and Equity Funds by Risk-ReturnSWP vs IDCW Payout: Which Gives Retirees Reliable Monthly Income?Structuring a Mutual Fund Portfolio Around Core and Satellite HoldingsThe Core 'Do' Every Distributor Must Follow in Scheme SelectionThe Two Risks Hidden Inside an International Equity FundWhen Should an Investor Choose an Index Fund Over an Active Fund?Why Star Ratings Can't Predict a Fund's Future PerformanceWhy Target Maturity Funds Are Replacing Traditional FMPsWhy a Large AUM Helps Large Cap Funds but Hurts Small Cap FundsView all 18 in this chapter →
Investment Adviser (Level 1) — 135 questions
Chapter 1 — Introduction to Personal Financial Planning6
Chapter 2 — Time Value of Money5
Chapter 3 — Evaluating the Financial Position of Clients8
Chapter 4 — Debt Management and Loans10
Chapter 5 — Introduction to the Indian Financial Markets8
Chapter 6 — Securities Market Segments5
Chapter 7 — Introduction to Investment5
Chapter 8 — Investing in Stocks18
Breaking Down ROE with the 3-Stage DuPont ModelComputing Enterprise Value from Market Cap, Debt, and CashDoes Higher Financial Leverage Always Mean a Better ROE?Economic Value Added (EVA) Calculation ExampleFCFE vs FCFF: What Fundamentally Separates the Two Cash Flow Measures?Flags and Pennants: Reading Short-Term Consolidation on a ChartHow Is the MACD Line Built, and What Signals a Bullish Crossover?What Confirms a Primary Uptrend Under Classic Dow Theory?What Does a Cup and Handle Pattern Signal in Technical Analysis?What Does a Double Bottom (W-Pattern) Tell a Technical Trader?What Does an RSI Reading Above 70 Signal About a Stock?What Legal Right Do Pre-emptive Rights Actually Give Shareholders?What Trend Reversal Does a Head and Shoulders Breakdown Confirm?What are the Maximum Permissible Advisory Fee Caps under SEBI IA Regulations?What are the Net Worth Requirements for SEBI Registered Investment Advisers?What are the PMLA Enhanced Due Diligence Rules for Politically Exposed Persons?When Do Buyers Gain High Bargaining Power in Porter's Five Forces?When Does Price-to-Sales Beat P/E as a Valuation Tool?View all 18 in this chapter →
Chapter 9 — Investing in Fixed Income Securities7
Chapter 10 — Understanding Derivatives11
Chapter 11 — Mutual Funds5
Chapter 12 — Portfolio Manager5
Chapter 13 — Overview of Alternative Investment Funds (AIFs)5
Chapter 14 — Introduction to Modern Portfolio Theory6
Chapter 15 — Portfolio Construction Process8
Chapter 16 — Portfolio Performance Measurement and Evaluation5
Chapter 17 — Operational Aspects of Investment Management7
Chapter 18 — Key Regulations6
Chapter 20 — Grievance Redress Mechanism5
Investment Adviser (Level 2) — 164 questions
Chapter 1 — Basics of Insurance7
Chapter 2 — Life Insurance Products23
Calculating Adil's Additional Life Insurance RequirementCharu's Additional Life Cover Under the Income Replacement MethodConstant Mix vs Buy-and-Hold vs CPPI Rebalancing StrategiesEndowment Insurance's 5.3% Return vs PPF's 7.1% Tax-Free YieldFinding the Hidden Investment Return in an Endowment Insurance PolicyFinding the Real Discount Rate for Adil's Insurance Needs CalculationHow Does a Joint Life Annuity with 50% Pension to Spouse Work After the Annuitant's Death?How Five Extra Working Years Change Charu's Human Life ValueHow Is Special Surrender Value (SSV) Determined Against Guaranteed Surrender Value (GSV)?How a Higher Existing Life Cover Changes the Additional Insurance NeededHow to Convert Macaulay Duration to Modified DurationHuman Life Value (HLV) Real Discount Rate CalculationIs a Death Claim Payable if an Indian Policyholder Dies While Traveling AbroadIs a Term Plan with Return of Premium (TROP) Worth the Extra Cost?Paying Premiums on a US Life Insurance Policy After Returning to IndiaThe Annual Cost of a Pure Term Policy Behind Bose's Endowment ComparisonThe Full Formula Behind Needs-Based Life Insurance PlanningThe Salary and Growth Rate Inputs Behind Charu's HLV CalculationWhat Happens Under a Joint Life Survivor Annuity with 100% Pension to Spouse?What Happens to Human Life Value When Income Growth Equals Investment ReturnWhy Human Life Value Cover Is Always At Least as Large as Needs-Based CoverWhy Human Life Value Falls as a Person Gets OlderWhy Real Rate Calculations Use (1+r)/(1+i)-1 Instead of Simple SubtractionView all 23 in this chapter →
Chapter 3 — Non-Life Insurance Products21
Calculating Insurer Reimbursement After a Deductible and Co-PayCategorizing Risk Profile for a Single Earner Juggling Loans and Near-Term GoalsChoosing the Right Asset Mix for a Moderate-Risk Client With Multiple GoalsCo-Pay Is Calculated on the Claim After the Deductible, Not BeforeHow a Super Top-Up's Aggregate Deductible Wipes Out Out-of-Pocket CostsHow a Top-Up Health Policy Deductible Applies to a Single ClaimHow to Calculate Maximum Loss on a Protective Put Option StrategyHow to Calculate Maximum Profit and Breakeven on a Covered CallRecomputing Property Claim Reimbursement at a Steeper 15% Co-PaySuper Top-Up vs Regular Top-Up When Multiple Hospitalizations OccurTop-Up vs Super Top-Up Health Insurance Claim SettlementWhat Do the Black-Scholes Option Greeks Measure?What Does the Public Liability Insurance Act, 1991 Require of Hazardous Chemical Handlers?What Is the Section 126 (Formerly 80D) Limit for Preventive Health Check-up Expenses?When Is Domiciliary Hospitalization Covered Under Health Insurance?Where to Park Fixed Deposit Proceeds Due Out Within a MonthWhy Esther's Third Medical Claim Got Rejected by Both PoliciesWhy Is 'Inherent Vice' Always Excluded Under Marine Cargo Insurance?Why Returning NRIs Should Buy Indian Health Cover ImmediatelyWhy a Foreign Group Health Policy Can't Be Ported to an Indian InsurerWhy a Regular Top-Up Policy Fails Across Multiple Small ClaimsView all 21 in this chapter →
Chapter 4 — Retirement Planning Basics6
Chapter 5 — Retirement Products11
Chapter 6 — Miscellaneous Aspects of Retirement Planning48
Accumulating a Retirement Corpus with 10% Annual Step-Up ContributionsAdding Up Debt, Equity, and Retirement Corpus Into Total Wealth at 60Calculating Overall Portfolio Debt Allocation at RetirementClosing Corpus Balance at the End of Year 3 With No WithdrawalsCompounding a Leisure Expense Budget Across a 27-Year RetirementCompounding a Rs. 2 Crore Corpus With Zero Withdrawals for Four YearsCompounding an Equity Sleeve From Age 52 to Retirement at 15% ReturnsComputing the Five-Year Compounding Factor for a 15% Education Inflation GoalCorpus Balance After the Second Year's Education Fee Is PaidCorpus Balance Just Before the Marriage Goal Payout in Year 7Deriving the Exact Real Discount Rate for an 11% Return and 10% InflationDeriving the Exact Seven-Year Compounding Factor for a 10% Inflation GoalDiscounting a Future Education Cost Back to a One-Year-Earlier ValueEscalating a Two-Year Postgraduate Education Cost at 15% InflationEstimating a 25-Year Retirement Corpus at 8% InflationEstimating the Retirement Corpus Needed for a 15-Year Annuity DueFunding a Partially Indexed Pension's Inflation Shortfall via NPVFuture Value of Mr. Z's Rs. 12 Lakh Initial Corpus at 8%Future Value of a Single First-Year Retirement ContributionGrowing a Debt Portfolio Through an Interim Cash OutflowHarish's Contribution Amounts in Years 2 and 3 of a 10% Step-Up ScheduleHow Partial Pension Indexation Erodes Purchasing Power Over TimeHow a Living Expense Shortfall Emerges Even When Year 0 Costs Match PensionHow a Lower Inflation Assumption Shrinks the Required Retirement CorpusInflating Today's Monthly Living Expenses to Retirement-Age ValuesIs an 8% Corpus Yield Enough Against 10-15% Goal InflationMr. Z's Total Retirement Corpus at Age 60 (Contributions + Initial Fund)Net Disposable Savings After a Rs. 5 Lakh Planned Outflow at Age 55Present Value of a 28-Year Pension Shortfall StreamProjecting Annual Net Savings in the Final Year Before RetirementProjecting a Daughter's Marriage Cost at 10% Inflation Over 7 YearsSenior Citizens' Savings Scheme Maximum Investment LimitSizing a Sinking Fund to Cover Two Consecutive Years of Education CostsSizing the Year 10 Cash Gap Between Escalating Expenses and a Slow-Growing PensionThe 25-Year Retirement Horizon and 9% Return Behind Jaspreet's Corpus EstimateThe Compounding Payoff of Stepping Up Retirement Contributions YearlyThe Exact Escalated Education Cost Payable at the End of Year 6The Final Pre-Retirement Year's Contribution Amount and Its Future ValueThe Two-Step Method for Estimating Retirement Corpus — Future Value Then Present ValueTracking Corpus After Interest Credit and the First Education PayoutWhat Is the Purpose of a Fixed Deposit Ladder for Retirees?What Is the Required Minimum Distribution (RMD) Approach to Retirement Spending?What Return Must a Rs. 40 Lakh Corpus Earn to Cover a Rs. 80 Lakh ShortfallWhat's Left of a Rs. 2 Crore Corpus After Education and Marriage PayoutsWhy Does an SWP Create Less Tax Drag Than Fixed Deposits in Retirement?Why Mr. Z's Debt-Equity Mix Barely Shifts Across Eight Pre-Retirement YearsWhy Must Advisers Review Beneficiary Nominations After Major Life Events?Why Retirement Corpus Formulas Use Type 1 in Excel's PV FunctionView all 48 in this chapter →
Chapter 7 — Concepts in Taxation17
Documents Needed to Claim DTAA Benefits — TRC and Form 10FGeneral vs Special Power of Attorney in Financial ServicingHow Are Arrears of Rent Taxed Under Section 25A of the Income Tax Act?How Foreign Rental Income Is Taxed for a Resident and Ordinarily ResidentHow Is Rental Income and Home Loan Interest Split for Joint Owners Under Section 26?How are Private Family Trusts Taxed in India?Non-Resident vs Resident and Ordinarily Resident — What Income Gets TaxedSection 6(1A)'s Deemed Residency Rule for Zero-Day Stays in IndiaSection 89A Relief on US 401(k) and IRA Accounts for Returning NRIsThe 182-Day Rule for Determining Resident Status Under Section 6The Liberalised Remittance Scheme's Annual USD 250,000 CapThe Two-Year RNOR Window That Shields Foreign Income From Indian TaxWhat Are the Income Tax Slabs Under the New Tax Regime (Section 115BAC)?What Is the Section 24(a) Standard Deduction on Net Annual Value of House Property?What are Daughters' Coparcenary Rights in an HUF under Hindu Succession Law?When is Probate of a Will Statutorily Mandatory in India?Which Countries Are Notified Under Section 89A for Retirement Account ReliefView all 17 in this chapter →
Chapter 8 — Capital Gains5
Chapter 9 — Income from Other Sources5
Chapter 11 — Taxation of Equity Products5
Chapter 12 — Taxation of Other Products5
Chapter 14 — Basics of Estate Planning6
Chapter 15 — Tools for Estate Planning5
Research Analyst — 145 questions
Chapter 1 — Introduction to Research Analyst Profession5
Chapter 2 — Introduction to Securities Market5
Chapter 3 — Terminology in Equity and Debt Markets5
Chapter 4 — Fundamentals of Research7
Chapter 5 — Economic Analysis7
Chapter 6 — Industry Analysis10
Chapter 7 — Company Analysis - Business and Governance12
Chapter 8 — Company Analysis - Financial Analysis24
How Are EBITDA and EBIT Derived From an Income Statement?How Do ESOPs Dilute Basic EPS Into Diluted EPS?How Do You Calculate Core Working Capital From a Balance Sheet?How Do You Calculate Cost of Raw Materials Consumed?How Do You Calculate ROE and ROCE From the Same Balance Sheet?How Do You Compute Interest Coverage, Current, and Quick Ratios?How Do You Compute Operating Cash Flow via the Indirect Method?How Do You Compute Total Adjusted Debt From Balance Sheet Notes?How Is Goodwill Accounted for and Tested Under IndAS?How to Calculate Cost of Equity using CAPMHow to Calculate Economic Value Added (EVA)How to Calculate Enterprise Value (EV) and EV/EBITDA MultipleHow to Calculate Free Cash Flow to Equity (FCFE)How to Calculate Free Cash Flow to Firm (FCFF)How to Calculate Intrinsic Stock Value using Gordon Growth ModelHow to Calculate Price/Earnings-to-Growth (PEG) RatioHow to Calculate Weighted Average Cost of Capital (WACC)The Fundamental Relationship Between P/B Ratio and ROEWhat Does DuPont Analysis Reveal When ROE Rises From Leverage?What Does a Qualified Audit Opinion Actually Signal to Investors?When is the EV/Sales Multiple Used in Equity Research?Where Do Contingent Liabilities Appear, and Why Do They Matter?Which Items Belong in Other Comprehensive Income Under IndAS 1?Why Analysts Prefer Consolidated Over Standalone FinancialsView all 24 in this chapter →
Chapter 9 — Corporate Actions6
Chapter 10 — Valuation Principles14
How Do Analysts Value a Conglomerate Using Sum-Of-The-Parts?How Do Value Investors Like Buffett Distinguish Price From Value?How Do You Calculate Cost of Equity Using CAPM?How Do You Calculate a Firm's WACC From Its Capital Structure?How Do You Compute Free Cash Flow to Equity (FCFE)?How Do You Compute Free Cash Flow to Firm (FCFF) Indirectly?How Do You Use the PEG Ratio to Compare Two Growth Stocks?How Do You Value a Stock Using the Gordon Growth Model?How Is Terminal Value Computed in a Two-Stage DCF Model?Trading Multiples vs Transaction Multiples: Why the Premium Gap?Trailing PE vs Forward PE: How Do You Calculate Each?When Is EV/Sales the Right Multiple to Value a Company?Why Do Analysts Prefer EV/EBITDA Over PE for Cross-Border M&A?Why Does Price-to-Book Work for Banks but Not IT Firms?View all 14 in this chapter →
Chapter 11 — Fundamental Analysis of Commodities6
Chapter 12 — Fundamentals of Risk and Return8
Chapter 13 — Qualities of a Good Research Report6
Chapter 14 — Legal and Regulatory Environment12
Chapter 15 — Technical Analysis18
Ascending vs Descending Triangle: Which Way Does Each Break?Bullish Engulfing vs Bearish Engulfing: Two-Candle Reversal SignalsDark Cloud Cover vs Piercing Pattern: What Sets Them Apart?How Do ADX and OBV Together Validate a Trending Market?How Do RSI Levels and Bullish Divergence Signal a Reversal?How Do Traders Play a Breakout From a Symmetrical Triangle?How Do You Draw and Trade Valid Trendlines and Price Channels?How Do You Set a Profit Target for a Flag or Pennant Breakout?How Does a Hammer Candlestick Signal Buyers Taking Control?How Is MACD Built, and What Does Bearish Divergence Reveal?Morning Star vs Evening Star: Reading the Three-Candle ReversalPoint & Figure and Renko vs Candlestick: How Do Chart Types Differ?Primary, Secondary, and Tertiary Trends: How Long Does Each Last?What Are the Six Foundational Tenets of Dow Theory?What Does a Hanging Man Candlestick Warn You About an Uptrend?What Does a Rising 13-21-34 EMA Ribbon Signal for a Bull Market?What Is 'Role Reversal' Between Support and Resistance Levels?Which Four Premises Underpin Technical Analysis, Including Volume?View all 18 in this chapter →