CBSE Class 11 Syllabus for Mutual Fund

MUTUAL FUNDS

THEORY

Time: 3 Hours, 60 marks

Part – A

Chapter-1: Mutual Funds (5 marks)

  • 1.1 Introduction.
  • 1.2 Mutual Funds: Structure in India.
  • 1.3 Who manages Investor’s Money.
  • 1.4 Who is a custodian.
  • 1.5 What is the role of the AMC.
  • 1.6 What is an NFO.
  • 1.7 What is the role of a Registrar and Transfer Agents.
  • 1.8 What is the procedure for investing in an NFO.
  • 1.9 What are the investor’s rights and obligations.

Chapter-2: Mutual Funds Products and Features – Equity Funds (5 marks)

  • 2.1 What are open ended and close ended Funds.
  • 2.2 What are Equity Funds.
  • 2.3 What is an Index Funds.
  • 2.4 What are diversified Large Cap Funds.
  • 2.5 What are Midcap Funds.
  • 2.6 What are Sectoral Funds.
  • 2.7 Other Equity Schemes.
  • 2.8 What is an Entry Load.
  • 2.9 What is Expense Ratio.
  • 2.10 What is Portfolio Turnover
  • 2.11 How does AUM affect Portfolio Turnover.
  • 2.12 How to analyse cash level in Portfolios.
  • 2.13 What are Exit Loads.

Chapter-3: Gold ETFs ( 4 marks)

  • 3.1 Introduction to Exchange Traded Funds.
  • 3.2 Salient Features.
  • 3.3 Working.
  • 3.4 Market Making by APs.
  • 3.5 Creation Units, Portfolio Deposit and cash component (An example).

Chapter-4: Debt Funds (3 marks)

  • 4.1 Salient Features.
  • 4.2 What is interest rate risk.
  • 4.3 What is credit risk.
  • 4.4 How is a Debt instrument priced.

Chapter-5: Liquid Funds (3 marks)

  • 5.1 Salient Features.
  • 5.2 Floating Rate Scheme.
  • 5.3 What is portfolio churning in liquid funds.

Chapter-6: Taxation (2 marks)

  • 6.1 Capital Gains Taxation.
  • 6.2 Indexation Benefit.
  • 6.3 Why FMPs are popular.

Chapter-7: Regulations (4 marks)

  • 7.1 Overview.
  • 7.2 What is the name of industry association for the mutual fund industry.
  • 7.3 What are the objectives of AMFI.
  • 7.4 Advantages of Mutual Funds.
  • 7.5 What is a Systematic Investment Plan (SIP).
  • 7.6 What is a Systematic Transfer Plan (STP).
  • 7.7 What is Systematic Withdrawal Plan (SWP).
  • 7.8 Choosing between dividend payout, dividend re-investment and growth options – which one is better for the investor.

Part – B

Chapter-1: Mutual Funds in Perspective (3 marks)

  • 1.1 Mutual Funds.
  • 1.2 Portfolio Management Schemes (PMS).
  • 1.3 Hedge Funds.
  • 1.4 Venture Capital Funds & Private Equity Funds.

Chapter-2: Investments by Mutual Fund Schemes Equity 4 marks

  • 2.1 Equity.
  • 2.2 Debt.
  • 2.3 Derivatives.
  • 2.4 Gold.
  • 2.5 Real Estate.
  • 2.6 International Investments.

Chapter-3: Valuation of Investments by Mutual Fund Schemes Equity (3 marks)

  • 3.1 Equity.
  • 3.2 Debt.
  • 3.3 Gold.
  • 3.4 Real Estate.

Chapter-4: Mutual Fund Accounting (3 marks)

  • 4.1 Accounting for Income, Gains & Losses from Investments.
  • 4.2 Accounting for Expenses.
  • 4.3 Determining the NAV.
  • 4.4 Accounting for Load.
  • 4.5 Distributable Reserves.

Chapter-5: Novel Portfolio Structures in Mutual Fund Schemes (4 marks)

  • 5.1 Index Funds.
  • 5.2 Exchange Traded Funds (ETFs).
  • 5.3 Arbitrage Funds.
  • 5.4 Monthly Income Plans (MIP).
  • 5.5 Fix Maturity Plans (FMP).
  • 5.6 Capital Protection Oriented Schemes.

Chapter-6: Quantitative Evaluation of Mutual Fund Schemes (3 marks)

  • 6.1 Returns.
  • 6.2 Risk.
  • 6.3 Risk Adjusted Returns.

Chapter-7: Cut-off Time Regularations & Time Stamping (3 marks)

  • 7.1 Cut off Timing.
  • 7.2 Official Points of Acceptance (POA).
  • 7.3 Time Stamping Requirements.

Chapter-8: Investment in Mutual Funds through NSE( 2 marks)

  • 8.1 Listed Schemes.
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  • 8.2 Exchange trade Funds (ETFs).
  • 8.3 Mutual Find Service System (MFSS).

Chapter-9: Non-Residential Investment in Indian MF Schemes (2 marks)

  • 9.1 Investment by NRIs/PIOs.
  • 9.2 Investment by Foreign Institutional Investors.
  • 9.3 Investment by Qualified Foreign Investors.

Chapter-10: Investment by Indians in International MF Schemes (3 marks)

  • 10.1 Foreign Direct Investment and Portfolio Investment.
  • 10.2 Investing in International Mutual Fund Schemes.
  • 10.3 Why invest abroad.
  • 10.4 International Fund of Funds.

Chapter-11: Mutual Fund Taxation (2 marks)

  • 11.1 Mutual Fund Tax Provisions.
  • 11.2 Compounding Wealth, Gross of Tax.
  • 11.3 Dividend Payout and Growth Options within Schemes.
  • 11.4 Double Indexation.
  • 11.5 Setting of & Carry Forward of Losses.
  • 11.6 Dividend Stripping.

Chapter-12: SID, SAI, KIM & Fact Sheets (2 marks)

  • 12.1 Scheme Information Document (SID).
  • 12.2 Statement of Additional Information (SAI).
  • 12.3 Key Information Memorandum (KIM).
  • 12.4 Fund Account Statements / Consolidated Statement of Accounts.
  • 12.5 Fact Sheets.

LIST OF PRACTICAL SUBJECTS

  • Numeric Speed Accelerator (NSA)
  • Function Key Accelerator (FKA)
  • Trading Skill Accelerator (TSA)
  • Now Simulation Mutual Fund Service System (NSM)

LIST OF EQUIPMENTS AND SOFTWARE

  • Computers.
  • Printer.
  • Software.
  • Manual for Various Software / Assorted Reference Books.
  • Demonstration Stand.
  • Computer Consumable Stationery.
  • LCD Projector.
  • NSE – NLT Module.