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Series II-B · Beginner

RTA, Mutual Fund

Knowledge benchmark for people in the mutual fund registrar and transfer agent function.

Educational content only. VIA Capital does not provide buy/sell calls, tips, or personalized advice. Always do your own research.

Questions

100

Duration

120 min

Pass mark

50%

Negative marking

None

Exam fee

₹1,500 + payment gateway charges

Validity

3 years

Why this certification matters

Knowledge benchmark for people in the mutual fund registrar and transfer agent function.

Who should take it: Staff of RTAs servicing mutual funds.

How VIA Capital preparation works

One clear path. Built for students, and built for discipline.

  1. Step 1

    Read

    Slide through the study book chapter by chapter.

  2. Step 2

    Practise

    Chapter questions with answer and explanation.

  3. Step 3

    Chapter tests

    Beginner and advanced tests for each chapter.

  4. Step 4

    Full mock sets

    100-question papers in a real exam screen.

  5. Step 5

    Review

    See every mistake and why, then improve.

Why prepare with VIA Capital

Student first

Simple screens, small steps, no clutter.

Every answer explained

If you get one wrong, you learn why.

Help on every question

Report anything confusing, our team fixes it.

Honest

Independent practice. We never claim to be NISM or promise a pass.

Practice pass · NISM Series II-B

Everything you need to prepare, in one pass

  • Digital study book, read chapter by chapter
  • Chapter-wise questions to understand every chapter
  • Chapter tests, beginner and advanced
  • Full mock sets as questions are added
  • Answer and explanation for every question
  • Real exam screen with timer and question palette

Why we charge a small amount

This is not the NISM exam fee. It helps us run the platform: our research team writing and checking questions, keeping explanations accurate, and the technology behind the study book and exam screen.

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One simple package

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11 days access · one series · incl. taxes

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The official NISM exam fee is paid separately to NISM.

Where it takes you

Covers the registrar and transfer agent role for mutual funds.

RTA staff (mutual funds)

Roles are common examples. Whether a certification is required for a role depends on SEBI rules and the employer; confirm on nism.ac.in.

Full syllabus · 15 chapters

Matches official NISM curriculum · checked 30 September 2026
  1. 1Chapter 1Introduction to Securities
    1. 1.1Introduction to Equity and Debt
    2. 1.2Features of Equity Capital and Benefits to Equity Investors
    3. 1.3Features of Debt Capital and Benefits to Debt Investors
    4. 1.4Hybrid Structures
  2. 2Chapter 2Characteristics of Equity Shares
    1. 2.1Investors in Equity Shares
    2. 2.2Rights of a Shareholder
    3. 2.3Risks in Equity Investing
    4. 2.4Equity Terminology
    5. 2.5Corporate Actions
    6. 2.6Preference Shares
    7. 2.7Rights Issue of Shares
    8. 2.8Preferential Issue
  3. 3Chapter 3Characteristics of Debt Securities
    1. 3.1Features of a Debt Security
    2. 3.2Market Value of a Debt security
    3. 3.3Yield from Debt Instruments
    4. 3.4Types of Debt Securities
    5. 3.5Classification of Debt Market
    6. 3.6Credit Rating
    7. 3.7Money Market Instruments
  4. 4Chapter 4Characteristics of Other Securities
    1. 4.1Warrants
    2. 4.2Convertible Debentures
    3. 4.3Depository Receipts
    4. 4.4Foreign Currency Convertible Bond (FCCB)
    5. 4.5Exchange Traded Funds (ETFs) and Index Funds
    6. 4.6Investment Trusts
  5. 5Chapter 5SEBI, Role and Regulations
    1. 5.1Securities and Exchange Board of India Act, 1992 and Role of SEBI
    2. 5.2SEBI Regulations specifically aimed at Investor Protection
    3. 5.3Investor Education and Protection Fund (IEPF)
    4. 5.4SEBI Regulations for Registrars and Transfer Agents
  6. 6Chapter 6Basics of Registrars and Transfer Agents
    1. 6.1Introduction
    2. 6.2Investor Service Centre (ISC) and Official Point of Acceptance (OPA)
    3. 6.3Qualified Registrar and Transfer Agents (QRTAs)
    4. 6.4RTA and Depository Interface
    5. 6.5Industry Overview
    6. 6.6Financial Information Provider to Account Aggregator Network
  7. 7Chapter 7Registrar and Transfer Agents Regulations
    1. 7.1Guidelines under SEBI (LODR) Regulations 2015
    2. 7.2SEBI (Registrars to an Issue and Share Transfer Agents) Regulations 1993
    3. 7.3Enhanced Monitoring Guidelines for QRTAs
    4. 7.4Cyber Security and Cyber Resilience Framework for QRTAs
    5. 7.5Systems Audit Framework
    6. 7.6Ultimate Beneficial Owner
    7. 7.7RTA inter-operable Platform
  8. 8Chapter 8Basics of Mutual Funds
    1. 8.1Introduction to Mutual Funds
    2. 8.2Advantages of Mutual Funds
    3. 8.3Open Ended and Close Ended Mutual Funds
    4. 8.4Assets under Management (AUM)
    5. 8.5Total Expense Ratio
    6. 8.6Net Assets
  9. 9Chapter 9Mutual Fund Structure and Constituents
    1. 9.1Sponsor
    2. 9.2Trustees
    3. 9.3Asset Management Company (AMC)
    4. 9.4Custodians
    5. 9.5Regulation of Mutual Funds
    6. 9.6Constituents and Service Providers
  10. 10Chapter 10Mutual Fund Products
    1. 10.1Product Differentiation
    2. 10.2Types of Mutual Fund Plans
    3. 10.3Features of Mutual Fund Products
    4. 10.4Product Labelling
    5. 10.5Strategy-based Classification
    6. 10.6Product Creation Process
    7. 10.7Scheme related Documents
    8. 10.8Types of Mutual Funds
  11. 11Chapter 11Operational Concepts of Mutual Funds
    1. 11.1New Fund Offer (NFO)
    2. 11.2On-going/ Continuous Offer
    3. 11.3Computation of Net Asset Value (NAV)
    4. 11.4Applicable NAV
    5. 11.5Time Stamping and Risk Control
    6. 11.6Cut Off Time
    7. 11.7Investing in Mutual Funds through Stock Exchanges
    8. 11.8Holding Units in Dematerialized Form
    9. 11.9Role of RTA in Tax Computation
    10. 11.10Reporting Requirements to Central Board of Direct Taxes (CBDT)
    11. 11.11Segregated Portfolios
  12. 12Chapter 12Investors in Mutual Funds
    1. 12.1Individual Investors
    2. 12.2Institutional Investors
    3. 12.3Investor Information and Documentations
    4. 12.4Know Your Customer (KYC) Norms
    5. 12.5Power of Attorney
    6. 12.6Nomination
    7. 12.7FATCA and CRS Compliance
    8. 12.8Investor Charter
    9. 12.9Centralised Mechanism for Reporting the Demise of an Investor
  13. 13Chapter 13Banking Operations in Mutual Funds
    1. 13.1Payment Mechanism
    2. 13.2Bank Accounts maintained by Mutual Funds
    3. 13.3Electronic Clearing Mechanisms
    4. 13.4Role of Registrars and Transfer Agents (RTAs) in Banking Operations
    5. 13.5Third Party Verification (TPV) and Payment to Valid Account
  14. 14Chapter 14Financial Transactions
    1. 14.1Application Form Vs Transaction Slip
    2. 14.2Purchase Transactions
    3. 14.3Redemptions
    4. 14.4Account Statements for Investments
    5. 14.5Switch
    6. 14.6Systematic Transactions
    7. 14.7Turn-around-times for various Financial Transactions with Mutual Funds
    8. 14.8Role of RTA in Commission Payment
  15. 15Chapter 15Non-Financial Transactions
    1. 15.1Change in Name (Individual Investors)
    2. 15.2Change of Address
    3. 15.3Change of Bank Details
    4. 15.4Change in/ Updation of Other Details
    5. 15.5Minor becoming Major
    6. 15.6Registration of Power of Attorney (PoA)
    7. 15.7Registration of Nominee
    8. 15.8Pledge and Lien Marking
    9. 15.9Transmission of Units
    10. 15.10Change in Option
    11. 15.11Change in Corporate Name or Status
    12. 15.12Value Added services by RTAs
    13. 15.13Timelines pertaining to various services provided by RTAs
    14. 15.14MITRA, Mutual Fund Investment Tracing and Retrieval Assistant
    15. 15.15RTA - Mutual Fund
    16. 15.16Important Links
    17. 15.17Register for Certification Exam
    18. 15.18Exam Center
    19. 15.19Study Material Download

Source: NISM curriculum page. Chapter names and order follow NISM; sub-topic numbering (1.1, 1.2) is added by VIA Capital for easy reading. NISM may revise its curriculum; always confirm on nism.ac.in.

Quick revision · flashcards

NISM Series II-B flashcards

Flip 10 cards free as a demo. The practice pass opens every card, chapter by chapter.

NISM Series II-B: questions people ask

What is NISM Series II-B?

NISM-Series-II-B: Registrars to an Issue and Share Transfer Agents, Mutual Fund Certification Examination. Knowledge benchmark for people in the mutual fund registrar and transfer agent function.

What is the exam pattern?

100 questions, 100 marks, 120 minutes. Pass mark 50%. No negative marking.

What is the fee and validity?

NISM lists the fee as ₹1,500 plus payment gateway charges. The certificate is valid for 3 years and is issued only if your PAN is updated. Always confirm on nism.ac.in.

Is VIA Capital official NISM material?

No. VIA Capital is an independent preparation platform. Use the official NISM workbook and register only on the NISM website.

How many questions are in the NISM Series II-B exam?

NISM lists 100 questions for 100 marks, to be answered in 120 minutes.

What is the passing score for NISM Series II-B?

You need 50% (50 of 100 marks) to pass.

Is there negative marking in NISM Series II-B?

No. NISM does not deduct marks for wrong answers in this exam.

Who should take NISM Series II-B?

Staff of RTAs servicing mutual funds.

How do I prepare for NISM Series II-B on VIA Capital?

Follow the five steps: read each chapter, practise questions, pass the chapter tests, take the full mock tests, then sit the final practice exam. Your progress is saved to your account.

Where do I register for the real exam?

Only on the official NISM website, nism.ac.in. VIA Capital is an independent preparation platform and cannot book or conduct the NISM exam.

Ready to test yourself?

100 questions · 120 minutes · no negative marking. First 10 questions free, then full papers with the practice pass.

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