NISM Series V-A Exam FAQs: Common Questions Answered

Posted on 24 May 2024

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The NISM Series V-A: Mutual Fund Distributors Certification Examination is a critical credential for professionals seeking to distribute mutual funds in India. Given its importance, candidates often have numerous questions about the exam. Here, we address some of the most frequently asked questions to help you prepare effectively and confidently.

What is the NISM Series V-A Exam?

The NISM Series V-A exam is designed to assess a candidate’s knowledge of mutual funds, their structure, and the regulatory framework governing them in India. It is a mandatory certification for individuals involved in the distribution of mutual funds.

Who Should Take NISM Series V A - Mutual Fund Distributors Certification Exam?

The exam is intended for:

  • Mutual fund distributors.
  • Employees of asset management companies involved in sales and distribution.
  • Anyone interested in a career in mutual fund distribution.

What are the Eligibility Criteria?

There are no specific educational prerequisites to appear for the NISM Series V-A exam. However, a basic understanding of financial markets and mutual funds can be beneficial.

How is the Exam Structured?

  • Duration: 2 hours (120 minutes)
  • Number of Questions: 100
  • Question Type: Multiple-choice questions (MCQs)
  • Maximum Marks: 100
  • Passing Marks: 50 (50%)

How Can I Register for the Exam?

Registration for the NISM Series V-A exam can be done online through the NISM certification portal. Follow these steps:

  1. Create an account on the NISM certification portal.
  2. Fill in your personal and educational details.
  3. Select the NISM Series V-A exam and choose a convenient date and test center.
  4. Pay the exam fee online.

What is the Exam Fee?

The exam fee is typically around INR 1500. It’s advisable to check the official NISM website for the most up-to-date fee structure.

What Topics are Covered in the Exam?

The NISM Series V-A exam syllabus includes:

  • Basics of mutual funds and their role in financial markets.
  • Legal structure of mutual funds in India.
  • Types of mutual fund schemes.
  • Distribution channels.
  • Evaluation of different mutual fund products.
  • Risk, return, and performance of mutual funds.
  • Regulations and guidelines governing mutual funds.

How Should I Prepare for the Exam?

Effective preparation involves:

  1. Study Material: Obtain the official NISM Series V-A study material. It covers all the topics outlined in the syllabus.
  2. Mock Tests: Practice with mock tests and sample questions to get a feel of the exam pattern and time management.
  3. Revision: Regularly revise key concepts and definitions. Focus on understanding practical applications of mutual fund distribution.
  4. Workshops and Training: Attend workshops or training sessions if available. These can provide valuable insights and clarify doubts.

Where Can I Find Study Resources?

Study resources include:

  • Official NISM Study Material: Available for purchase on the NISM website.
  • Online Courses: Various educational platforms offer courses specifically for the NISM Series V-A exam.
  • Mock Tests: Websites and coaching institutes provide practice tests and question banks.
  • Books and Articles: Additional reading materials can supplement your understanding of mutual funds and market practices.

What Should I Bring to the Exam Center?

On the day of the exam, ensure you have:

  • A printed copy of your admit card.
  • A valid photo ID (Aadhar card, passport, driving license, etc.).
  • Pen and rough sheet (if allowed by the exam center).

How Will I Receive My Results?

Results are typically declared within a few days of taking the exam. You can check your result on the NISM certification portal by logging into your account. A scorecard will be available for download, which will detail your performance.

What Happens if I Fail the Exam?

If you do not pass the exam, you can reattempt it after 30 days. There is no limit to the number of attempts, but you must pay the exam fee for each attempt.

How Long is the Certification Valid?

The NISM Series V-A certification is valid for three years. To renew your certification, you must pass the NISM CPE (Continuing Professional Education) program or retake the exam before the certificate expires.


The NISM Series V-A exam is a gateway to a promising career in mutual fund distribution. By understanding the exam structure, preparing diligently with the right resources, and familiarizing yourself with common FAQs, you can approach the exam with confidence and clarity. Good luck with your preparation and exam!