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Vivek Lala  |301 Answers  |Ask -

Tax, MF Expert - Answered on May 24, 2023

Vivek Lala has been working as a tax planner since 2018. His expertise lies in making personalised tax budgets and tax forecasts for individuals. As a tax advisor, he takes pride in simplifying tax complications for his clients using simple, easy-to-understand language.
Lala cleared his chartered accountancy exam in 2018 and completed his articleship with Chaturvedi and Shah. ... more
Ranajeet Question by Ranajeet on May 14, 2023Hindi
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How come a Chartered Accountant becomes MF expert.what is his credentials about MF ??

Ans: Credentials of a Mutual fund distributor - Passing of the NISM exam, having an ARN.

As far as your doubt about a CA becoming a MF expert :
What is Mutual fund. Mutual fund is made up of stocks and stock selection is done on the basis of the financial of companies, to understand the financials you need to understand the books of the companies that is P&L and BS and since I am a CA its fairly easy for me to understand that. The basic ratios of funds is understandable for a CA as we learn that in SFM ( a subject in CA ). Plus I am CFA level 1 cleared appearing for CFA level 2.
Majority of the fund managers, private equity guys, portfolio managers are "CA" + Other major degrees. The main reason for that is CA has a basic knowledge of finance, and then they can select their specialization. I have selected fund management and retail taxation consultancy.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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