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AMFI refers to Association of Mutual Funds in India (AMFI) which was incorporated on 22nd August, 1995. It is a non-profit organization which was formed in view of huge increase in mutual fund players in India.
AMFI is authorized as an apex body of all the Asset Management Companies popularly known as AMC. It is registered with SEBI. AMFI is responsible for promoting and protecting all the mutual funds parties.
AMFI Mock Tests are offered by most of financial intermediaries. These mock tests prepare candidates for AMFI Mutual Fund Certification. AMFI mock Tests have two modules. The first module which is the basic one is called the AMFI Mutual Fund (Basic) Module. It is open for all the employees of the mutual funds, general public and for the newcomers who are interested in knowing the basic concepts of mutual funds. The second module is AMFI Mutual Fund (Advisors) Module.
The subjects covered under these modules are;
The Concept and Role of Mutual Funds, The Prospectus/Offer Document, Fund Distribution and Sales Practices, Accounting, Taxation &Valuation Norms, Investor Services, Fund Structures and Constituents, Legal and Regulatory Environment, Helping Investors with Financial Planning, Recommending the Model Portfolios and Selecting the Right Funds, Selecting the Right Investment Products for investors, Recommending the Financial Planning Strategies for Investors, Investment Management, Measuring and Evaluating Mutual Fund Performance, Helping Investors Understand Risks in Fund Investing and Business Ethics in Mutual Funds.
These Mock Tests are designed in a multiple option pattern with each question having four different options and the candidate is required to tick the right answer. Each question carries different mark and every wrong answer results in negative marking. The passing mark is 50 out of a total of 100 marks. Various test centers are located at Delhi, Mumbai, Chennai, Kolkata, Ahmedabad and Hyderabad. To the benefits of the candidates they can take these mock tests online also. These online Mock Test help participants in assessing how well they are geared up for the actual Test conducted by National Stock Exchange (NSE).
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