Mutual Fund Basic Certification

Introduction

The IFMP Mutual Fund Distributors Basic Certification Programme covers the concepts of financial system and securities markets, the mutual fund industry and its governing regulatory framework, operational aspects of mutual funds and ethical practices.

Objective of the Examination

This Certification Exam is specifically designed to meet the minimum qualification needs of the mutual fund distributors working either directly with a fund management company or through a distribution agent. It intends to ensure that they are competent to provide investment advice to the investors.

Target Audience

This exam has been mandated for Sales Staff of Mutual Fund Companies/ Collective Investment Schemes and their distributors.

Syllabus Structure

The curriculum is divided into elements and these are broken down into a series of learning objectives.Each learning objective begins with one of the following prefixes: know, understand, be able to calculate and be able to apply. These words indicate the different levels of skill to be tested. Learning objectives prefixed:

  • know require the candidate to recall information such as facts, rules and principles
  • Understand require the candidate to demonstrate comprehension of an issue, fact, rule or principle.
  • Be able to calculate require the candidate to be able to use formulae to perform calculations.
  • Be able to apply require the candidate to be able to apply their knowledge to a given set of circumstances in order to present a clear and detailed explanation of a situation, rule or principle.
Examination Specification

Each examination paper is constructed from a specification that determines the weightings that will be given to each element. The specification is given below. It is important to note that the numbers quoted may vary slightly from examination to examination as there is some flexibility to ensure that each examination has a consistent level of difficulty. However, the number of questions tested in each element should not change by more than plus or minus 2.

Element No. Elements Questions
1 Introduction to Financial Services and Products 20
2 Introduction to Mutual Funds 30
3 Regulatory Framework 10
4 Fund Features and Mechanics 20
5 Ethics, Disclosures and Best Practices 20
  Total 100
Assessment Structure
  • This will be a 150 minutes examination of 100 multiple choice questions.
  • All questions will carry equal marks.
  • There will be no negative marking on any wrong answer.
Summary Syllabus

To download the summary syllabus of IFMP Mutual Fund Distributors Basic Certification Programme,please click here.