NISM-Series-V-A: Mutual Fund Distributors: FAQ’s
Get solutions to all the unanswered questions and queries about the NISM-Series-V-A: Mutual Fund Distributors exam.
1. What is the exam about?
The NISM-Series-V-A: Mutual Fund Distributors Certification Examination aims to provide a standard minimal knowledge baseline for anybody selling or distributing mutual funds, including:
- Firstly, Individual Mutual Fund Distributors
- Secondly, Employees of organizations engaged in sales and distribution of Mutual Funds
- Thirdly, Employees of Asset Management Companies especially persons engaged in sales and distribution of Mutual Funds
The accreditation intends to improve the mutual fund industry’s sales, distribution, and associated support services.
2. What is the significance of the exam?
On successful completion of the Mutual Fund Distributors examination, the candidate should:
- Firstly, know the basics of mutual funds, their role and structure, different kinds of mutual fund schemes, and their features
- Secondly, 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.
- Thirdly, get oriented to the legalities, accounting, valuation, and taxation aspects underlying mutual funds and their distribution.
- Lastly, 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.
3. What is the targeted audience for the exam?
The following persons can take NISM-Series-V-A: Mutual Fund Distributors Certification Examination:
- Firstly, 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.
- Secondly, interested students/professionals
- Lastly, any other individuals
4. How do register myself to take the exam?
- For registrations, candidates may visit https://certifications.nism.ac.in/nismaol/.
- After successful registration, candidates may select a test center, date, and time slot of their choice on the Test Administrator website.
- Visit HERE to refer to the registration guidelines.
5. How can I renew my certification?
To renew your current certificate, you must either take the NISM CPE for Mutual Fund Distributors or pass the NISM Mutual Fund Distributors Certification Examination before it expires.
6. What are the objectives of the exam as per the curriculum?
- Firstly, Investment Landscape
- Secondly, Concept & Role of a Mutual Fund
- Thirdly, Legal Structure of Mutual Funds in India
- Fourthly, Legal and Regulatory Framework
- Scheme Related Information
- Also, Fund Distribution and Channel Management Practices
- Net Asset Value, Total Expense Ratio and Pricing of Units
- Furthermore, Taxation
- Investor Services
- Moreover, Risk, Return, and Performance of funds
- Mutual Fund Scheme Performance
- Lastly, Mutual Fund Scheme Selection
7. What are the total number of questions in the exam?
The test will have a total of 100 multiple-choice questions.
8. What is the passing score for the exam?
The candidate need to score a minimum of 50% to pass the certification examination.
9. Is there any negative marking in the exam?
No, there will be no negative marking.
10. How long is the duration of the exam?
The exam duration is 120 minutes, i.e., 2 hours.
11. What is the cost to take the exam?
₹1500/- is the exam fees.
