#AIF #Fund Managers, Forget the Chai! Time to Crack the #NISM Exam with Jugaad!
So you thought your days of studying were behind you?
Well, my fellow fund manager friends, #SEBI said "Bhaiyya, hold my masala soda!" because the NISM Series-XIX-C AIF managers certification exam is here to give us all a reality check. I had mine a few days ago....
Consider this your one-stop guide to navigating this exam with all the zen of a sanyasi and the cunning of a street vendor bargaining for the best price.
Why the sudden exam stress, you ask?
SEBI, in all their wisdom, decided that us AIF managers need a refresher course. Let's face it, flipping through annual reports and dodging client calls doesn't exactly keep the #financial knowledge razor-sharp. So, they've made this exam mandatory all new fund manager applicants, and have a deadline of May 9th, 2025 for existing funds.
Don't worry, that's plenty of time to brush up on some financial jargon, unless of course, you're as prepared as a politician caught taking a vacation!
The Exam in a Nutshell:
There are 90 MCQs (think KBC on steroids) and 30 case study based Qs that'll test your brain more than a Mumbai auto ride in the monsoons. Remember, wrong answers get a penalty, so think twice before you pick option C just because it sounds good.
The official study material is thicker than a stack of wedding invitations in a season. Focus on these four chapters which #yield +50% of the marks – Fund #Performance, #Investment Process & Governance, Taxation, and #Regulation. Mastering these is like having the holy trinity of financial knowledge on your side.
Don't underestimate the case studies. They might involve calculations that could make your head spin faster than a dervish dancer. Brush up on your tax calculations, IRR (it's not about pirates!), and #GST – you know, the fun stuff.
Cat III Chaos: There seems to be a special emphasis on Category III funds. So, if you're more of a Cat I or Cat II kind of guy (don't worry, no feline judgments here), be extra prepared for questions on derivatives and their funky ways.
Mock tests are your best friend during this prep time. But there's a catch – good ones are rarer than a honest politician!
Exam Day Do's and Don'ts:
You'll have access to a calculator as well as Excel on the exam computer, so no need to channel your inner mathematician with mental calculations.
Unlike your usual board meetings, you can't bring your fancy phone and watch collection.
The best part? You get your results instantly after the exam!
So, my fellow fund managers, let's ditch the stress and approach this exam with the same spirit we bring to a good investment opportunity – with research, a dash of optimism, and maybe a sprinkle of chai for moral support.
Best of luck, and remember, passing this exam is a cakewalk compared to explaining it to your relatives at the next family gathering!
Finance Student at University of Central Florida President Eta Pi Sigma Chi
3 个月????