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. Engaging Video Lectures: 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: Mutual Fund Distributors Certification Examination is developed to ensure that mutual fund distributors are fully qualified, compliant with SEBI regulations, and capable of offering sound financial advice to investors. This certification is mandatory for anyone involved in the selling, advising, or distributing of mutual funds in India. The following examination objectives clearly define what candidates are expected to learn and demonstrate:


Understand mutual fund basics: Candidates must grasp the fundamental concepts of mutual funds, including their structure, types of schemes (equity, debt, hybrid, liquid), and the roles played by AMCs, custodians, and trustees.


Know mutual fund products and features: The exam tests knowledge of how mutual fund products are designed, how Net Asset Value (NAV) is calculated, and how to evaluate fund performance using expense ratios, AUM, and returns.


Learn SEBI regulations and AMFI guidelines: Candidates must understand the complete regulatory framework set by SEBI and follow AMFI's Code of Conduct. Topics include investor protection laws, distributor obligations, and ethical standards.


Master KYC, AML, and FATCA rules: The examination focuses on compliance-related requirements such as Know Your Customer (KYC), Anti-Money Laundering (AML) norms, and FATCA disclosures, which are mandatory for all mutual fund transactions.


Develop ethical sales practices: Distributors must be trained in responsible selling, ensuring transparency, suitability, and full disclosure. The exam emphasizes preventing mis-selling and building long-term investor trust.


Apply financial planning principles: Candidates should be able to recommend mutual fund schemes based on investors’ financial goals, risk appetite, and time horizon. The exam assesses knowledge of asset allocation and goal-based investing.


Understand mutual fund taxation: A key part of the exam is understanding how capital gains, dividends, and other income from mutual funds are taxed in India. It includes short-term vs. long-term capital gains, indexation, and tax-saving schemes.


Promote investor awareness and grievance redressal: Distributors must guide investors on disclosures, risk factors, and complaint resolution processes. The exam ensures candidates can help clients make informed and secure investment decisions.


Link to NISM

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

📝 Assessment Structure



ComponentDetails
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% (You need at least 50 correct answers)
Negative MarkingNo negative marking
Exam Duration2 Hours (120 Minutes)
Exam Fee₹1,500 (inclusive of GST) + payment gateway charges extra
Result DeclarationImmediately after exam completion
Certificate Validity3 Years from the date of passing
PAN RequirementPAN must be updated in your profile to apply
Exam Delivery ModesAt 150+ NISM test centers across India

📚 Syllabus Outline with Weightages


Unit No.Unit NameWeightage (%)
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

Best of luck for your NISM Series V-A: Mutual Fund Distributors Exam! Stay confident, practice with mock tests, and take your first step toward SEBI-certified success.

Master the NISM Series V-A Exam with Confidence – All-in-One Prep Package

Crack the NISM Series V-A: Mutual Fund Distributors Certification Exam with ease using our expert-designed, affordable, and exam-focused preparation bundle. Whether you're a first-time test-taker or renewing your certification, this package is built to help you pass in one attempt.


🎯 What We Offer


  • 900+ Exam-Focused Questions: Practice with a vast, expertly curated question bank that covers all important topics from the NISM mutual fund syllabus 2025. Ideal for real-exam simulation.

  • Engaging Video Lectures by Experts: Simplify complex mutual fund concepts through easy-to-understand, topic-wise video tutorials led by industry professionals.

  • Concise Short Notes for Quick Revision: High-yield summaries help you revise faster and retain key concepts, especially useful in the final days before the exam.

  • 15 Days Unlimited Access: Get full access to all mock tests, notes, and videos for 15 days — perfect for focused, short-term preparation.

  • 15 Test Attempts per Mock Set: Practice, review, and repeat. Our system allows multiple attempts so you can track your progress and target weak areas.

  • All-Inclusive Price – Just ₹599: No hidden charges. For only ₹599 (including GST), you get a complete NISM mutual fund exam preparation package.

Limited-Time Offer – Start Your NISM V-A Preparation Today!

Join 5000+ successful candidates who cleared the NISM Series V-A exam with the help of our platform. Trusted by mutual fund distributors, students, bank professionals, and financial advisors across India.

Be exam-ready. Be SEBI-compliant. Be certified.

Enroll Now for ₹599 – Start Your Preparation

Frequently Asked Questions - NISM 5A Mock Test


1. Where can I find free mock tests for the NISM mutual fund distributor exam?

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.


2. How can I get a free NISM 5a mock test PDF?

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.


3. Are there any websites that offer unlimited free mock tests for NISM VA?

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.


4. Which YouTube channels have the best free NISM mutual fund exam preparation videos?

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.


5. What is the exam pattern for the NISM Series VA mutual fund exam?

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.


6. How many questions are there in the NISM 5a exam and what is the passing score?

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.


7. Is there negative marking in the NISM mutual fund distributor exam?

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.


8. What is the syllabus for the NISM VA certification for 2025?

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.


9. What types of questions are asked in the mutual fund distributor exam?

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.


10. Which is the best website for NISM VA mock tests?

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.


11. Can I get previous year's question papers for the NISM mutual fund 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.


12. What are the most important topics for the NISM Series VA exam?

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.


13. How to prepare for the NISM 5a exam in 15 days?

Preparing in 15 days is challenging but definitely achievable with a focused strategy. The package offered by nismexams.in is perfectly designed for this, providing 15-day access to all its resources.

Here's a plan:
Days 1-7: Watch the expert video lectures to quickly understand all concepts.
Days 8-12: Start attempting the mock tests chapter by chapter to solidify your knowledge.
Days 13-15: Use the concise short notes for rapid revision and take full-length mock tests to simulate exam conditions and manage your time.

This structured plan ensures you cover everything efficiently and are well-prepared by exam day.


14. Where can I find NISM mutual fund distributor exam questions and answers?

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.

Proven Success Rate: 98%

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