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NISM Series V-A: Mutual Fund Distributors
NISM certification exam for mutual fund distributors mandated by SEBI for selling mutual fund products.
Next Exam Date
Jan 01, 2026
Table of Contents
About NISM Series V-A
NISM Series V-A Mutual Fund Distributors Certification Examination is mandated by SEBI for individuals engaged in selling and distributing mutual funds.
Why Prepare with Exam Win?
Our mock tests mirror the actual NISM exam pattern with detailed explanations covering every concept tested.
Key Exam Details
Conducting Body
National Institute of Securities Markets (NISM)
Exam Type
Computer-based Test at NISM test centres
Stages
Single exam → Certificate (valid 3 years)
Total Questions
100 MCQ
Duration
2 hours
Negative Marking
No negative marking
Passing Criteria
50% marks (50 out of 100)
Exam Fee
₹1500 + GST
Frequency
Daily (book slot anytime)
Syllabus
Mutual Fund concepts, Legal & Regulatory Framework, Scheme types, NAV, Risk-Return, Taxation, KYC, Investor Services
Registration
Online at certifications.nism.ac.in
Eligibility Criteria
No specific eligibility, typically 10+2 pass
Exam Pattern
Stage 1100 MCQ (2 hours)
Passing50%
Stage 3Computer-based at NISM test centres
Syllabus
NISM Series V-A: Mutual Fund Distributors
Chapter 1: Investment Landscape
Chapter 2: Concept And Role Of A Mutual Fund
Chapter 3: Legal Structure Of Mutual Funds In India
Chapter 4: Legal And Regulatory Framework
Chapter 5: Scheme Related Information
Chapter 6: Fund Distribution And Channel Management Practices
Chapter 7: Net Asset Value, Total Expense Ratio And Pricing Of Units
Chapter 8: Taxation
Chapter 9: Investor Services
Chapter 10: Risk, Return And Performance Of Funds
Chapter 11: Mutual Fund Scheme Performance
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