Category III funds move fast. They trade often, use borrowed money and bet both ways. Managing one means knowing the strategies, the risk numbers, the tax and the rules really well. The workbook has all of this. It just does not make any of it fun.

This course does. Every lesson covers a single idea and opens with a chat between three friends caught in a real money moment. You guess first, then find out. Calculators with real rupee numbers let you test the idea yourself. A final quiz at the end of each lesson makes it stick.

You will start with investing basics and why mixing investments can lower risk. You will see how these funds grew in India, who they suit, who helps run them, and how they are set up. You will cover fees, the hurdle rate (the minimum return to beat before a bonus), and the high water mark (a bonus only on new highs). You will learn the types of risk and how to measure risk and return. Then come indices and benchmarks, legal papers, the main trading strategies, governance and fund checks, and how NAV is worked out. You will finish with reporting and exits, tax, and the rules from SEBI, FEMA, anti money laundering laws, insider trading rules and fair trading rules.

Fast moving topic, slow and simple explanations.

Independent explainer. Not affiliated with or endorsed by NISM or SEBI. For learning only, not financial advice.