NISM V-A · Mutual Fund Distributor
The exam every MFD takes first. 12 chapters, full test series.
12 chapters~127 minCertification36 check questions
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01
Investment landscape11 min · Why people invest, the asset classes and risks they face, the biases that trip them up, and how risk profiling leads…
Start · +20 XP
Start · +20 XP
02
Concept and role of a mutual fund11 min · How pooling, units and NAV work, the scheme types and SEBI categories, growth versus IDCW, and the honest pros…
Start · +20 XP
Start · +20 XP
03
Legal structure of mutual funds in India10 min · Sponsor, trust, trustees and AMC, the net worth and independence rules, and what custodians, RTAs and the other…
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Start · +20 XP
04
Legal and regulatory framework10 min · SEBI's rules and investment limits, AMFI's codes, unitholder rights and timelines, the grievance ladder and related…
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Start · +20 XP
05
Scheme related information10 min · What sits in the SID, SAI and KIM, the NFO timelines, how to read a factsheet and product label, and the ongoing…
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Start · +20 XP
06
Fund distribution and channel management11 min · Who can distribute, the ARN, EUIN and KYD process, the channels, how trail commission and transaction charges work…
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Start · +20 XP
07
NAV, total expense ratio and pricing of units11 min · How NAV is computed, the total expense ratio and its SEBI slabs, exit loads and repurchase price, and cut-off and NAV…
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Start · +20 XP
08
Taxation10 min · Equity versus other schemes, capital gains rates and holding periods, IDCW and TDS, ELSS under the Income-tax Act…
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Start · +20 XP
09
Investor services11 min · KYC and who can invest, folios, joint holding, minors and nomination, SIP, STP and SWP, and the service timelines.
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Start · +20 XP
10
Risk, return and performance of funds10 min · Return measures from absolute to XIRR, risks inside equity and debt funds, standard deviation, beta, duration…
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Start · +20 XP
11
Mutual fund scheme performance11 min · Benchmarks and TRI, tier 1 and tier 2 indices, comparing with benchmark and peers, alpha, tracking error and SEBI's…
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Start · +20 XP
12
Mutual fund scheme selection11 min · From investor profile to category to scheme: selection criteria for equity, debt and hybrid funds, and the mistakes…
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Start · +20 XP
The real exam
NISM Series V-A: Mutual Fund Distributors
100Questions
120Minutes
50%Pass mark
NoNegative
Pattern as published by NISM; always confirm on the NISM portal before you book.