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NISM Series-V-B: Mutual Fund Foundation FAQs

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NISM Series-V-B: Mutual Fund Foundation FAQs

Get all your doubts cleared with the best NISM Series-V-B: Mutual Fund Foundation FAQs

What is NISM Series-V-B: Mutual Fund Foundation exam?

The NISM Series-V-B: Mutual Fund Foundation Certification exam, main aim is to create common minimum knowledge benchmark for a new cadre of mutual fund distributors, as per SEBI circular CIR/IMD/DF/21/2012 dated September 13, 2012. This exam is specially intended for candidates that are involved in selling and distributing simple and performing mutual fund schemes. The certification aims to enhance the quality of sales, distribution and related support services in the mutual fund industry.

How many questions are asked in the exam?

The number of questions asked in the exam is 50.

What is the time duration?

The time duration for the exam is 2 hours.

What is the examination fee?

The total amount to register for the exam is Rs. 1200+.

What is the certification validation?

This certification is valid for next 3 years from the day of taking the examination.

What are the learning objectives of the exam?

  • 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.
  • How the rules and regulations related to the distribution of specified products.
  • Know the basics of financial planning as an approach to investing in mutual funds.

How can I schedule my exam?

Follow some tips to schedule your R&T exam:

  • Firstly, You should register yourself with NISM Certifications Registration Portal.
  • Secondly, if you are a new candidate, please click on “Register” for fresh one-time registration. If you are already registered with NISM Portal, please use your Email address and Password to login.
  • Follow there steps after logging in:
    • Check Seat Availability
    • Schedule a Test / Enroll Online
    • Make Payment using Credit Card / Debit Card/ Net Banking
    • Take Practice Exams
    • Download Admit Card / Study Material (after enrollment)
    • Access Exam Results and Verify Skills
    • Check Special Accommodation policy form
  • Thirdly, candidates can register themselves online by filling the Candidate Registration Form.
  • Lastly, NISM also provides its pdf for Registration Guidelines for filling the online registration form.

What is the Refund and Reschedule Policy?

Fees once paid shall not be refunded except under following circumstances:

  • Candidate’s account /card was debited but the enrollment was not successful
  • In case of multiple deduction of fees from candidate’s account
  • In case NISM or test administrator is not able to offer examination/ CPE program / e CPE program for any technical reason and rescheduling is not suitable to a candidate

A candidate may be offered rescheduling of an examination subject to availability of slots only in certain cases such as:

  • Significant / prolonged disruption of internet / power at the test center
  • Non-availability of NISM’s examination application due to scheduled or unscheduled maintenance
  • Inability of NISM or test administrator to conduct examination/s because of circumstances like natural disasters, law and order situation etc.

What is the course outline?

  • Investment Landscape
  • Concept and Role of a Mutual Fund
  • Legal Structure of Mutual Funds in India
  • Mutual Fund Products for the new Cadre of Distributors
  • Scheme related Information
  • Fund Distribution and Channel Management Practices
  • Performance of Mutual Funds
  • Taxation
  • Investors Services
  • Legal and Regulatory Framework

What are the available study resources?

  • Practice exams: The NISE provides its candidates with online free practice test on its official website. Candidates who aspire to qualify this exam must look at this useful resource.
  • Buy Workbooks: Candidate can buy NISM workbooks online through Taxmann Publications Private Ltd.
  • Online Training Program: NISM conducts Investor Education programs for different Government Institutions/ Law enforcement agencies / Private and Public organizations and colleges across the country.
  • NISM YouTube Videos: Candidates can find videos on NISM YouTube channel for their respective course.

Will I be allowed to use my mobile phone during the test?

No. The NISM remote proctored exam is to be taken as seriously as any other high‐stake test, where you are expected to only concentrate on the test and not use any mobile device/ headphone/earphone/ ear pod/smart watch/ blue tooth device, etc.

Will I be allowed to use a calculator during the test?

No, you will not be allowed to use any separate calculator or similar devices during the test. You will be provided with onscreen scientific calculator during the exam. In case of any violation, your exam may be terminated with or without any prior warning.

Where can I find practice tests?

While preparing for any examination the most important step is to take Practice tests. These tests does not only help you to check your preparation level, build your confidence and time management but also helps you to get familiar with different types of questions that are frequently asked in the examination. Moreover, you can take our Practice test right now, which consists of questions from basic to advance level in a systematic manner.

NISM Series-V-B: Mutual Fund Foundation practice test

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