NISM VA Mock Test - Rs.599 | NISM 5A Mutual Fund Exam Prep | Free Sample

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NISM Series V A: Mutual Fund Distributors Mock Test


  • Master the NISM Series V A: Mutual Fund Distributors Certification Exam effortlessly with our comprehensive package!
    1. 900 Exam-Focused Questions: Gain confidence with a vast question bank covering all key topics.
    2. Video lectures by NISM-certified experts with over 10 years of experience: Learn complex concepts effortlessly with expert-led sessions.
    3. Concise Short Notes: Quick revision materials designed for clarity and retention.
    4. 15-Days Access: Ample time to prepare and refine your understanding.
    5. 15 Test Attempts per Set: Practice extensively and track your progress.
    6. Affordable Pricing: Just Rs.599 (including GST) for comprehensive study resources.

Examination Overview – NISM Series V-A: Mutual Fund Distributors Certification


The NISM Series V-A Certification is essential for mutual fund distributors involved in advising, selling, or distributing mutual funds in India. It ensures that distributors are SEBI-compliant and equipped to offer responsible investment advice to clients.

Examination Objectives


    Understand mutual fund structure, types, and roles of AMCs, custodians, and trustees.

    Know features of mutual fund products, NAV calculation, and performance indicators.

    Learn SEBI regulations and AMFI Code of Conduct to ensure ethical distribution.

    Apply compliance rules like KYC, AML, and FATCA for investor onboarding.

    Promote ethical sales, transparency, and prevention of mis-selling practices.

    Recommend schemes based on asset allocation, financial goals, and risk profiles.

    Understand mutual fund taxation including capital gains and ELSS benefits.

    Educate investors on rights, risks, and the grievance redressal process.

For more details, please visit the official website of NISM.

Assessment Structure


Component Details
Mode of ExamOnline (Computer-Based Test)
Language OptionsEnglish and Hindi
Number of Questions100
Type of QuestionsMultiple Choice Questions (MCQs) with 4 options
Total Marks100
Marks per Question1 mark
Passing Criteria50% (at least 50 correct answers)
Negative MarkingNo negative marking
Exam Duration2 Hours (120 Minutes)
Exam Fee₹1,500 (incl. GST) + payment gateway charges
Result DeclarationImmediately after exam completion
Certificate Validity3 Years from date of passing
PAN RequirementPAN must be updated in profile
Exam DeliveryAt 150+ NISM test centers across India

Syllabus Outline with Weightages


Unit No. Unit Name Weightage (%)
1Investment Landscape8
2Concept & Role of a Mutual Fund6
3Legal Structure of Mutual Funds in India4
4Legal and Regulatory Framework10
5Scheme Related Information10
6Fund Distribution and Channel Management Practices6
7NAV, TER and Pricing of Units8
8Taxation4
9Investor Services15
10Risk, Return and Performance of Funds7
11Mutual Fund Scheme Performance7
12Mutual Fund Scheme Selection15

What We Offer


  • 900+ Exam-Focused Questions: Practice with a vast, expertly curated question bank covering all important topics from the NISM Mutual Fund syllabus 2025. Ideal for real-exam simulation.
  • Video lectures by NISM-certified experts with over 10 years of experience: Simplify complex mutual fund concepts through topic-wise video tutorials led by seasoned professionals.
  • Concise Short Notes for Quick Revision: High-yield summaries that help you revise efficiently and retain core concepts.
  • 15 Days Unlimited Access: Full access to mock tests, notes, and videos for 15 days — ideal for focused revision.
  • 15 Test Attempts per Mock Set: Practice and track progress with multiple attempts, helping you strengthen weak areas.
  • All-Inclusive Price – Just ₹599: No hidden charges. Complete exam prep package at ₹599 (inclusive of GST).

Enroll Now and Start Your Journey!

Start Preparing Now – Be Exam Ready!

Frequently Asked Questions – NISM Series V-A: Mutual Fund Distributors

While some websites may offer a small sample of free questions, these often don't provide the comprehensive practice needed to pass the exam. Free tests typically lack detailed explanations, chapter-wise structure, and the real exam feel.
For a thorough and exam-oriented preparation, it's highly recommended to use a dedicated platform. At nismexams.in, you can access a complete package that includes 900 exam-focused questions, video lectures, and revision notes. This structured approach is designed to help you master the material and pass on your first attempt, making it a valuable investment in your career.

Searching for a "free NISM 5a mock test PDF" might yield outdated or incomplete materials that don't reflect the current exam pattern and syllabus. Relying on such resources can be risky and may lead to inadequate preparation.
Instead of searching for scattered PDFs, consider a more reliable and updated solution. The course at nismexams.in provides concise short notes (a better alternative to static PDFs) and an extensive question bank that is always aligned with the latest syllabus. This ensures your study time is effective and focused on what truly matters for the exam.

Websites offering "unlimited free mock tests" often recycle the same set of basic questions, which gives a false sense of preparedness. True mastery comes from practicing a wide variety of questions that cover every objective of the exam.
A more effective strategy is to use a premium, structured mock test series. The package at nismexams.in offers 15 test attempts per set, which provides extensive practice across a vast bank of 900+ questions. This method allows you to genuinely track your progress and identify weak areas, ensuring you are fully prepared for the actual exam.

While there are many YouTube channels offering free NISM preparation videos, the quality and accuracy can vary significantly. You might spend a lot of time searching for reliable content that covers the entire syllabus in a structured manner.
To save time and ensure you are learning from experts, nismexams.in offers a complete package that includes engaging video lectures for every topic. These sessions are designed to simplify complex concepts and are perfectly integrated with the mock tests and study notes, providing a seamless and comprehensive learning experience.

The NISM Series V-A exam is a computer-based test designed to assess your understanding of mutual funds. The exam consists of 100 multiple-choice questions (MCQs), and you will have 2 hours (120 minutes) to complete it.
To familiarize yourself with this pattern and manage your time effectively, practicing with timed mock tests is crucial. The mock tests at nismexams.in are designed to simulate the real exam environment, helping you build both knowledge and confidence.

The NISM Series V-A exam has 100 questions, with each question carrying one mark. The passing score is 50%, meaning you need to answer at least 50 questions correctly to pass the certification.
To ensure you comfortably clear this benchmark, consistent practice is key. The comprehensive package at nismexams.in provides a bank of over 900 questions, allowing you to aim for a much higher score and pass with confidence.

No, one of the positive aspects of the NISM Series V-A: Mutual Fund Distributors Certification Exam is that there is no negative marking for incorrect answers. This allows you to attempt all 100 questions without the fear of losing marks.

The NISM VA syllabus is comprehensive and covers all aspects of the mutual fund industry. The key objectives, as outlined on nismexams.in, include:
Understanding mutual fund basics, structure, and types of schemes.
Knowing how products are designed and how NAV is calculated.
Learning SEBI regulations and AMFI guidelines.
Mastering compliance rules like KYC, AML, and FATCA.
Developing ethical sales practices and applying financial planning principles.
Understanding mutual fund taxation and investor grievance redressal.
Our package is fully updated for the 2025 syllabus, ensuring your preparation is relevant and complete.

The questions are designed to be practical and application-based. They test not just your theoretical knowledge but also your ability to apply concepts in real-world scenarios. You can expect questions related to identifying the right scheme for an investor, calculating returns, understanding regulatory compliance, and knowing the operational aspects of mutual funds. The 900 exam-focused questions available at nismexams.in are designed to mirror the style and difficulty of the actual exam, covering all these types of questions.

The best website is one that offers a comprehensive, updated, and reliable preparation package. While many options exist, nismexams.in stands out by providing an all-in-one solution designed for success. With 900+ questions, expert video lectures, concise notes, and multiple test attempts, it offers a structured path to mastering the material. For an affordable price of just ₹599, it's the most effective way to ensure you pass the exam.

NISM does not officially release its past question papers. Therefore, any "previous year papers" you find online are likely memory-based collections from other candidates and may not be accurate or complete. A more reliable approach is to practice with a professionally curated question bank that covers the entire syllabus. The mock tests on nismexams.in are based on the official examination objectives and are frequently updated to reflect the current question patterns, providing a much more dependable preparation resource.

While the entire syllabus is important, certain areas carry more weightage and are crucial for scoring well. Based on the exam objectives, you should focus on:
Concept & Role of a Mutual Fund: The fundamentals are key.
Regulatory Environment: Understanding SEBI and AMFI rules is non-negotiable.
Scheme Related Information & Selection: Practical knowledge of choosing the right funds.
Financial Planning Principles: Applying concepts to investor goals and risk.
Taxation of Mutual Funds: A critical and often tricky section.
The study materials at nismexams.in are structured to help you focus on these high-impact topics to maximize your score.

To effectively prepare for the NISM Series V-A exam in 15 days, we recommend a focused 3-phase plan using our resources:
Days 1–7: Master Concepts: Watch all our expert video lectures to build a strong foundational understanding.
Days 8–12: Practice & Apply: Attempt chapter-wise mock tests to apply your knowledge and identify weak areas.
Days 13–15: Revise & Simulate: Use our concise short notes for quick revision and take full-length mock tests to simulate the actual exam environment and refine your strategy.

The most reliable source for high-quality exam questions and answers is a dedicated preparation platform. The mock tests at nismexams.in provide not just a vast bank of 900+ questions, but also detailed explanations for the answers. This helps you understand the 'why' behind each correct option, which is crucial for building a strong conceptual foundation and ensuring you can tackle any question on the exam.

Our mock tests are precisely timed to simulate the actual NISM Series V-A exam environment. By practicing under realistic time constraints, you will develop better time management skills, learn to pace yourself efficiently, and become comfortable completing all questions within the allocated 2 hours. This critical practice helps reduce exam day anxiety and boosts your confidence.

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