📘 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
Component | Details |
Mode of Exam | Online (Computer-Based Test) |
Language Options | English and Hindi |
Number of Questions | 100 |
Type of Questions | Multiple Choice Questions (MCQs) with 4 options |
Total Marks | 100 |
Marks per Question | 1 mark |
Passing Criteria | 50% (You need at least 50 correct answers) |
Negative Marking | No negative marking |
Exam Duration | 2 Hours (120 Minutes) |
Exam Fee | ₹1,500 (inclusive of GST) + payment gateway charges extra |
Result Declaration | Immediately after exam completion |
Certificate Validity | 3 Years from the date of passing |
PAN Requirement | PAN must be updated in your profile to apply |
Exam Delivery Modes | At 150+ NISM test centers across India |
📚 Syllabus Outline with Weightages
Unit No. | Unit Name | Weightage (%) |
1 | Investment Landscape | 8 |
2 | Concept & Role of a Mutual Fund | 6 |
3 | Legal Structure of Mutual Funds in India | 4 |
4 | Legal and Regulatory Framework | 10 |
5 | Scheme Related Information | 10 |
6 | Fund Distribution and Channel Management Practices | 6 |
7 | NAV, TER and Pricing of Units | 8 |
8 | Taxation | 4 |
9 | Investor Services | 15 |
10 | Risk, Return and Performance of Funds | 7 |
11 | Mutual Fund Scheme Performance | 7 |
12 | Mutual Fund Scheme Selection | 15 |
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