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NISM Series-V-B: Mutual Fund Foundation

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NISM Series-V-B: Mutual Fund Foundation Exam


The NISM Series-V-B: Mutual Fund Foundation exam aims to establish a standardized level of fundamental knowledge for a new category of mutual fund distributors, in accordance with SEBI circular CIR/IMD/DF/21/2012 dated September 13, 2012. This category includes individuals engaged in the sale and distribution of straightforward and high-performing mutual fund schemes, such as:

  • Postal agents
  • Retired government and semi-government officials (grade III and above or equivalent) with a minimum service tenure of 10 years
  • Retired educators with a minimum service tenure of 10 years
  • Retired bank officers with a minimum service tenure of 10 years, and other similar individuals (such as Bank correspondents) as may be notified by AMFI/AMC periodically.

The certification aims to elevate the standards of sales, distribution, and associated support services within the mutual fund industry.


Who should take the exam?

The NISM Series-V-B: Mutual Fund Foundation exam targets a specific group of individuals who want to sell and distribute simple and performing mutual fund schemes. This includes:

  • Retired professionals
  • Postal agents
  • Others designated by AMFI/AMC


Course Outline 

The Exam covers the given topics  - 

  • Topic 1: Concept and Role of a Mutual Fund 
  • Topic 2: Fund Structure and Constituents
  • Topic 3: Mutual Fund Products
  • Topic 4: Performance of Mutual Funds
  • Topic 5: Mutual Funds Taxation
  • Topic 6: Offer Document
  • Topic 7: Fund Distribution and Sales Practices
  • Topic 8: Investor Transactions
  • Topic 9: Investment Services
  • Topic 10: Asset Classes
  • Topic 11: Financial Planning Concepts
  • Topic 12: Helping Investors with Financial Planning
  • Topic 13: Legal and Regulatory Environment

NISM Series-V-B: Mutual Fund Foundation FAQs

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 • Know how mutual funds are distributed in the market-place, how specified schemes are to be evaluated and how suitable schemes can be recommended by this cadre of distributors to prospective investors. • Know the rules and regulations related to distribution of specified products. • Know the basics of financial planning as an approach to investing in mutual funds.

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.

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

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-B: Mutual Fund Foundation Certification Exam cost.

Yes testprep training offers free practice tests for the NISM-Series-V-B: Mutual Fund Foundation Certification Exam which can be used before the final purchase for complete test.

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.

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

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

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.

To renew your current certificate, you need to appear for NISM CPE for Mutual Fund Foundation or successfully pass the NISM-Series-V-B: Mutual Fund Foundation Certification Examination before the expiry of such certificate.

The following persons can take NISM-Series-V-B: Mutual Fund Foundation Certification Examination: 6. Postal agents 7. Retired government and semi-government officials (class III and above or equivalent) with a service of at least 10 years 8. Retired teachers with a service of at least 10 years 9. Retired bank officers with a service of at least 10 years, and other similar persons (such as Bank correspondents) as may be notified by AMFI/AMC from time to time 10. Any other individuals

There will be 100 questions in the exam.

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.

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

The examination consists of 50 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.

There will be 50 questions which have to be completed in 120 minutes.

There are no prerequisites required for NISM-Series-V-B: Mutual Fund Foundation Certification Exam.

The fees for NISM-Series-V-B: Mutual Fund Foundation Certification Exam is Rupees One Thousand Five Hundred only (Rs. 1200/-).

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

The examination seeks to create common minimum knowledge benchmark for new cadre of mutual fund distributors, as per SEBI circular CIR/IMD/DF/21/2012 dated September 13, 2012, involved in selling and distributing simple and performing mutual fund schemes: • Postal agents • Retired government and semi-government officials (class III and above or equivalent) with a service of at least 10 years • Retired teachers with a service of at least 10 years • Retired bank officers with a service of at least 10 years, and other similar persons (such as Bank correspondents) as may be notified by AMFI/AMC from time to time The certification aims to enhance the quality of sales, distribution and related support services in the mutual fund industry.