Morningstar Equity Trader Interview Questions and Answers

Simple coding test for checking general logical thinking and approach for solution.

Q1. Questions from technologies you have worked on and mentioned in Resume.
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Q1. Discussion on the nature of work expected to be done and some more technical discussion.
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Q1. Discussion regarding compensation and position offered along with other details.
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Q1. Adjustment Journal entries, Subscription and Redemption Journal Entries and do they affect the NAV,
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Q2. Management fees, Performance Fees, Hurdle Rate
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Q3. About your process
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Q4. Corporate action like split and reverse split and how they affect the NAV
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Q5. Corporate action you know and their impact on Nav.
Ans. 
Corporate actions like dividends and stock splits can impact Net Asset Value (NAV) of a mutual fund.
• Dividends: When a company pays out dividends, the NAV of the mutual fund decreases by the amount of the dividend.

• Stock Splits: If a company undergoes a stock split, the NAV of the mutual fund will adjust accordingly to reflect the new number of shares.

• Rights Issue: If a company issues new shares through a rights offering...read more
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Q6. Financial statements
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Q1. Financial instruments
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Q2. Educational qualification
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Multiple choice questions

Q1. Life insurance case studies, clients success rates and requirements to achieve goals
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Q1. Director round - you will be judged on similar questions as shared earlier
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Q1. Questions related to finance basics; accounting; asset management products etc
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Q1. Share details of your previous job.
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Q2. Why are you looking for a change?
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Q3. What are your salary expectations?
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Simple interview just check communication skills

Q1. Simple question like salary, relocation
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Self

Q1. What is current Salary
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Q2. What is my salary expectation
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Q1. Tell us about yourself
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Q2. What are the 3 type of steps in KYC
Ans. 
The 3 types of steps in KYC are Customer Identification Program (CIP), Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD).
• Customer Identification Program (CIP) involves verifying the identity of the customer through documents like ID cards, passports, etc.

• Customer Due Diligence (CDD) involves assessing the risk associated with a customer by gathering information about their identity, address, and financial ...read more
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Q1. What is mean by reconciliation
Ans. 
Reconciliation is the process of ensuring two sets of records are in agreement and accurate.
• Reconciliation involves comparing financial transactions or statements to ensure they match

• It helps identify discrepancies or errors that need to be resolved

• Examples include reconciling bank statements with accounting records or inventory counts with sales records
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