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NISM Series-V-A: Mutual Fund Distributors Exam

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NISM Series-V-A: Mutual Fund Distributors Exam


The NISM Series-V-A: Mutual Fund Distributors examination aims to establish a standardized minimum knowledge level for individuals involved in the sales and distribution of mutual funds, including:

  • Individual Mutual Fund Distributors
  • Employees of organizations engaged in the sales and distribution of Mutual Funds
  • Employees of Asset Management Companies, particularly those involved in the sales and distribution of Mutual Funds

This certification initiative seeks to elevate the quality of sales, distribution, and associated support services within the mutual fund industry.


Who should take the exam?

The NISM Series-V-A: Mutual Fund Distributors exam is mandatory for anyone in India who wants to sell or distribute mutual fund products. The primary audience includes:

  • Individual Mutual Fund Distributors (MFDs)
  • Employees of organizations engaged in sales and distribution of Mutual Funds
  • Employees of Asset Management Companies (AMCs) involved in sales and distribution
  • Anyone interested in a career in mutual fund sales or distribution

Exam Course Outline 

The NISM-Series-V-A: Mutual Fund Distributors Exam covers the given topics  - 

  • Topic 1: OVERVIEW OF INVESTMENT LANDSCAPE
  • Topic 2: UNDERSTAND THE CONCEPT AND ROLE OF A MUTUAL FUND
  • Topic 3: LEARN THE LEGAL STRUCTURE OF MUTUAL FUNDS IN INDIA
  • Topic 4: UNDERSTAND LEGAL AND REGULATORY FRAMEWORK
  • Topic 5: UNDERSTAND SCHEME RELATED INFORMATION
  • Topic 6: FUND DISTRIBUTION AND CHANNEL MANAGEMENT PRACTICES
  • Topic 7: OVERVIEW OF NET ASSET VALUE, TOTAL EXPENSE RATIO AND PRICING OF UNITS
  • Topic 8: UNDERSTAND TAXATION
  • Topic 9: EXPLORE INVESTOR SERVICES
  • Topic 10: LEARN ABOUT RISK, RETURN AND PERFORMANCE OF FUNDS
  • Topic 11: MUTUAL FUND SCHEME PERFORMANCE
  • Topic 12: UNDERSTAND MUTUAL FUND SCHEME SELECTION

NISM Series-V-A: Mutual Fund Distributors Exam FAQs

There will be 100 questions in the exam.

Yes, Testprep Training offers email support for any certification related query while you are preparing for the exam using our practice exams. Your query will be handled by experts in due course.

After the completion of your exam, the points you earned on each question are totaled and then compared with the cut score to determine whether the result is pass or fail.

Yes testprep training offers free practice tests for the NISM Series V A: Mutual Fund Distributors exam which can be used before the final purchase for complete test.

Yes our experts frequently blog about the tips and tricks for exam preparation.

Once purchased, the practice exams can be access for the lifetime.

Yes we offer nearly 50% discount for the order more than 10 products at a time. You can reach the testprep training Helpdesk for more details. The member of support staff will respond as soon as possible.

Yes, we offer a 100% unconditional money back guarantee. In case you are not able to clear the exam for then you can request for the full refund. Please note that we only refund the cost of product purchased from Testprep Training and not the NISM Series V A: Mutual Fund Distributors exam cost.

TestprepTraining provides unique sets of questions that will help you check your skills and knowledge in performing data analysis on Excel. These practice questions will help you increase your knowledge for better preparation of exam.

There will only be multiple-choice and multi-response questions covered in the exam.

The examination seeks to create a common minimum knowledge benchmark for all persons involved in selling and distributing mutual funds including: • Individual Mutual Fund Distributors • Employees of organizations engaged in sales and distribution of Mutual Funds • Employees of Asset Management Companies specially persons engaged in sales and distribution of Mutual Funds The certification aims to enhance the quality of sales, distribution and related support services in the mutual fund industry.

The certificate will be valid for 3 years from the date of the examination.

On successful completion of the examination the candidate should: • Know the basics of mutual funds, their role and structure, different kinds of mutual fund schemes and their features • Understand how mutual funds are distributed in the market-place, how schemes are to be evaluated, and how suitable products and services can be recommended to investors and prospective investors in the market. • Get oriented to the legalities, accounting, valuation and taxation aspects underlying mutual funds and their distribution. • Get acquainted with financial planning as an approach to investing in mutual funds, as an aid for mutual fund distributors to develop long term relationships with their clients.

The examination consists of 100 questions of 1 mark each and should be completed in 2 hours. The passing score for the examination is 50%. There shall be no negative marking.

To renew your current certificate, you need to appear for NISM CPE for Mutual Fund Distributors or successfully pass the NISM Mutual Fund Distributors Certification Examination before the expiry of such certificate.

The candidate has to secure 50% in order to pass the exam.

The fees NISM Series V A: Mutual Fund Distributors Exam is Rupees One Thousand Five Hundred only (Rs. 1500/-).

There are no prerequisites required for NISM Series V A: Mutual Fund Distributors Exam.

There will be 100 questions which have to be completed in 120 minutes.

The following persons can take NISM-Series-V-A: Mutual Fund Distributors Certification Examination: 1. Associated persons including distributors, agents, brokers, sub-brokers or called by any other name, employed or engaged or to be employed or engaged in the sale and/or distribution of mutual fund products. 2. Interested students/professionals 3. Any other individuals