Mutual Fund Analyst (MFA)

Program Dates: April 18, 2022 - May 22, 2022

Venue: Virtual

Program Fee: Rs. 11800 (inclusive of GST)

The program fee includes
- Live online sessions
- Instructor Notes
- Virtual access pass for the inaugural Indian Mutual Funds Innovation Summit
- Self-paced assignments
- Equalifi Professional Membership fee (1 year)
- 15-days exclusive access to MFI 360- a cloud-based mutual fund analytical tool for simulation learning

Exam- 2-hour online exam with negative marking

Upon successful completion of the training, practicals and exam, all the participants will be awarded the Mutual Fund Analyst (MFA) designation.

For a Financial advisor/ Mutual Fund Distributor, winning the trust of the clients is the only recipe for success!!

The MFA program is a first-of-its-kind education program designed for wealth and asset management professionals to help them learn market analysis, quantitative and qualitative analysis of the mutual funds, expertise in picking the right fund, performance analysis, risk mitigation, reviewing the financial statements of different mutual funds in order to provide advice to their clients for making sound investment decisions.

Information Webinar on Mutual Fund Analyst (MFA) Program
Tuesday, March 29
4 pm- 5 pm


Session Date Day Time Topic Faculty
 1 April 18 Monday 7 pm -9 pm Introduction to the mutual fund industry

  • What are mutual funds?
  • Concept, role & types of mutual funds
  • Why invest in mutual funds?
  • Important terminologies
  • Modes of investing
  • Regulatory landscape
Gaurav Goyal
 2 April 21 Thursday 7 pm -9 pm Marketing, distribution, sales & investor services related to mutual funds

  • Design of mutual fund products
  • Who can invest in mutual funds in India?
  • Investor services – application, redemption, investment plans & services, query resolution, collaterals, outreach & client connect
  • Marketing of mutual funds products
  • Fund distribution channels
  • Sales practices
  • Scheme information document (SID)
  • Statement of additional information (SAI)
  • Key information memorandum (KIM)
Joydeep Sen
 3 April 22 Friday 7 pm -9 pm Valuation & Taxation

  • How are mutual funds valued?
  • Valuation of suspended security / unlisted securities / liquid securities / debt securities / gold ETFs
  • Mutual fund tax provisions – securities transaction tax (STT), capital gains tax, tax on income distributed, tax deducted at source (TDS), withholding tax
  • Double indexation
  • Setting off & carry forward of losses
  • Dividend stripping
Joydeep Sen
 4 April 25 Monday 7 pm -9 pm Fund selection and fund research

  • Equity markets and mutual funds
  • Debt funds and mutual funds
  • Alternative assets and mutual funds
  • Screening funds based on investor risk profile
Sapna Tiwari
 5 April 26 Tuesday 7 pm -9 pm Portfolio management using comparative analysis

  • Due diligence at Fund, Fund Manager and AMC levels.
  • Performance and portfolio assessment
  • Analysis of debt funds – credit and duration risk
  • Analysis of existing portfolio
  • Recommendation
  • Periodic reviews and rebalancing
Sapna Tiwari
 6 April 27 Wednesday 7 pm -9 pm

Quantitative evaluation of mutual fund schemes

  • Returns – XIRR dividend Re-investment (CGR), compounding of periodic returns
  • Risk – standard deviation, beta, weighted average maturity, modified duration
  • Understanding mutual fund accounting & N.A.V
Sapna Tiwari
 7 April 28 Thursday 7 pm -9 pm

Key factors to consider to be investment ready

  • Evaluating the fund manager(s) Performance – Jensen’s Alpha(risk) – track record – experience segments
  • Performance against index
  • Past returns vs
  • What is mutual fund portfolio overlap and how to avoid it?
  • Strategies & “how to make mutual funds work for you”
  • When to redeem the mutual fund investment?
  • Setting benchmarks & recommendation of a model portfolio
Sapna Tiwari
8 April 29 Friday 7 pm -9 pm

Analyzing and using MF scheme as tool for achieving your financial freedom

  • How to evaluate MF Schemes
  • Understanding the Fund Fact Sheet
  • How to allocate your SIP for your goals
  • Case Studies
Sapna Tiwari
9 May 2 Monday 7 pm -9 pm Practitioner’s Insights Abhishek Bisen
 10 May 3 Tuesday 7 pm -9 pm MFI360

  • Key features
  • User experience
  •  User advantage
Niraj Agarwal
 Practicals May 5– May 20 Candidates to get an exclusive access to MFI360 platform of ICRA Analytics for analyzing 10,000+ active mutual fund schemes, across 40+ mutual fund data sources and 100,000+ mutual fund data points (updated daily) and last but not the least 100% aligned with regulatory mandates and industry changes.
 Exam May 21 – May 22 Saturday-Sunday 2-hour multiple choice exam with negative marking conducted on a remote-proctored platform. Candidates can appear for the exam from anywhere and anytime during the exam dates.

Abhishek Bisen

Senior Vice President
Fund Management, Debt

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Gaurav Goyal

President & Chief Business Officer
ITI Mutual Fund

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Joydeep Sen

Corporate Trainer, Author, Columnist

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Niraj Agarwal

Manager- Product Development, Fixed Income & Mutual Funds, ICRA Analytics

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Sapna Tiwari

Finance Trainer & Certified Financial Planner

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Knowledge Partner