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NISM Series 22 — Mutual Fund Foundation

A simpler entry point to mutual fund advisory — covers the basics for those new to the industry.

40 hours of content7 chaptersFree during Phase 1

Quick info

Layer
NISM Certifications
Track
NISM Certifications
Estimated hours
40 hrs
Chapters
7
Exam body
NISM
Cost on Trustner
Free
Full course material live

Every chapter below has Foundation, Deep Dive, and Advanced material — read in any order, expand each chapter to see the full content.

About this course

A simpler, foundational entry into mutual fund advisory — designed for those new to the industry or for staff in supporting roles. NISM 22 covers the same broad topics as NISM 5A at a less demanding depth.

Who this is for

  • Bank branch staff selling mutual funds as part of broader product mix.
  • New entrants who want a structured start before tackling NISM 5A.
  • Operations and back-office staff in AMC partner channels.

What you'll learn

  • The mutual fund industry structure and the role of intermediaries
  • Scheme types, NAV, fees, and the basic taxation framework
  • KYC, the investor on-boarding process, and SIP / STP / SWP mechanics
  • Ethics and the AMFI code of conduct

Course material — 7 chapters

Each chapter offers three tiers — Foundation for the core concept, Deep Dive for worked examples and practitioner depth, and Advanced for edge cases and exam tips. Click any chapter to expand.

  1. 1
    Chapter 1

    Investment basics

    • Why save, why invest, financial planning fundamentals
    • Risk-return trade-off in everyday language
    FoundationDeep DiveAdvanced
  2. 2
    Chapter 2

    Securities markets primer

    • Equity, debt, money market
    • Role of SEBI, exchanges, depositories
    FoundationDeep DiveAdvanced
  3. 3
    Chapter 3

    Mutual fund structure

    • Sponsor, Trustee, AMC, RTAs
    • Scheme categories and the SEBI categorisation circular
    FoundationDeep DiveAdvanced
  4. 4
    Chapter 4

    NAV, fees, and pricing

    • How NAV is computed daily
    • TER, exit loads, and stamp duty
    FoundationDeep DiveAdvanced
  5. 5
    Chapter 5

    Investor services

    • KYC, on-boarding, folio operations
    • SIP, STP, SWP, switches
    FoundationDeep DiveAdvanced
  6. 6
    Chapter 6

    Taxation basics

    • Equity vs debt taxation
    • STCG, LTCG, dividend taxation
    FoundationDeep DiveAdvanced
  7. 7
    Chapter 7

    Distribution and ethics

    • ARN, code of conduct, mis-selling
    • Grievance redressal channels
    FoundationDeep DiveAdvanced

About the exam

Provider
NISM
Duration
2 hrs
Questions
50
Pass mark
50%

Note: No negative marking.

The exam is administered by NISM. Trustner Academy is not affiliated with NISM; we provide independent preparatory educational material. See our disclaimer.

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