The NISM Series V A – Mutual Fund Distributors Certification (English) Exam is a mandatory certification exam.
The certification is compulsory for those who wish to register with AMFI (ARN) for starting their own Mutual Fund Distribution business.
The certification is also beneficial and sometimes a pre-requisite for Banks, Stock Broking Companies, MF distribution companies employees for getting business credit from their respective companies.
Anyone who is 18 years and above can become a mutual fund distributor /advisor.
There is no educational qualification listed as per the Association of Mutual fund (AMFI) website.
Those who are 18 years and above are eligible to give Mutual Fund Distributors Exam – NISM VA.
The candidate can give the exam either in English or HINDI.
Those looking to give exam in HINDI, do click the link below for preparation in HINDI.
The Mutual Fund distributors exam – NISM VA exam curriculum is designed to educate and inform aspirants of various subjects related to mutual funds, multiple asset classes, and financial planning.
The specific topics covered are as follows.
1. Concept & Role of a Mutual Fund
2. Fund Structure & Constituents
3. Legal & Regulatory Environment
4. Offer Document
5. Fund Distribution & Channel Management Practices
6. Accounting, Valuation & Taxation
7. Investor Services
8. Return, Risk & Performance of Funds
9. Scheme Selection
10. Selecting the Right Investment Products for Investors
11. Helping Investors with Financial Planning
12. Recommending Model Portfolios & Financial Plans
Study Material – NISM VA
Those you register for the Mutual fund distributor Exam – NISM VA at the National Institute of Securities Market (NISM), a free workbook, is mailed to the candidate email for reference and preparation.
This book is a reference material for preparing for the exam.
NISM Mutual fund certification fee
The fee for giving certification exam is Rs 1500/- + GST.
Once you have passed the exam, the certificate is valid for three years.
One needs to renew the certificate after three years either by giving the exam once again or sitting for CONTINUING PROFESSIONAL EDUCATION (CPE) at the NISM organized locations.
The certification is for all those who would like to advise various mutual fund products to their customers or investors.
Those who want to start their mutual fund advisory business and become Independent Financial Advisor (IFA) have to register themselves with Association of Mutual Funds of INDIA(AMFI).
The cost to get register and obtain an AMFI registered number (ARN) is Rs 1750/-. Details are available on the AMFI website.
Those who are working with various financial institutions like Banks, Stockbroking, National Distributors, etc. have to obtain Employee Unique Identification Number (EUIN) to advise their clients. The expanse is the same.
Question Paper pattern
The examination consists of 100 questions of 1 mark each and should be completed in 2 hours. The passing score for the test is 50 percent. There shall be no negative marking.
The Chapter-wise weightages are as follows –
Free Mock test – NISM Mutual Fund distributors exam
Once you have gone through the study material and cleared your concepts, there are multiple paid and free platforms from where you can evaluate your preparations.
Some free avenues links shared for your reference
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