What is NISM VA Certification Examination?
The National Institute of Standards and Mathematics (NISM) Series VA: Mutual Fund Distributor Examination aims to define the minimal knowledge required of mutual fund marketers and distributors.
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Distributors of mutual fund portfolios
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Employees of mutual fund distribution and sales companies
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Those who work for wealth management companies specializing in mutual fund sales and distribution
The structure of the NISM VA certification:
There are 100 multiple-choice questions worth one point, and the test lasts two hours. The passing rate for the test is fifty percent. There won't be any grading done at all.
How does one go about getting registered for the NISM Series-VA certification exam?
Filling out basic information like name, birth date, occupation, and education is required for registration. A scanned copy of the applicant's PAN card and a photo of the applicant are also required. The candidate will be given their registration number and a link to activate their account upon completing the exam.
The NISM website will allow applicants to select a test location, date, and time after activating their accounts.
Step-by-step instructions for registering for a VA certification exam are provided here:
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Sign up for an account on the NISM website
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Ensure that you have completed all the fields and uploaded the necessary documents. A profile's approval usually takes three days.
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To take the NISM Series VA exam, you must first be approved by the NISM Board of Directors. The exam's date, time, and location must be entered here. You also have the option to take the test digitally via the internet.
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You are required to make a payment of Rs. 1500.
The Exam's Purpose
After passing the exam, candidates are expected to do the following:
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Understanding the various types and characteristics of mutual fund schemes, including how they work and are structured, is essential.
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Know how mutual funds are distributed on the market, how to analyze MF schemes, and how to recommend appropriate products to customers and potential investors.
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Mutual fund distributors can strengthen their ties with their customers over the long run by providing financial planning services and educating them about the benefits of investing in mutual funds.
To prepare for the Nism VA certification exam, here are some pointers:
Registration for the NISM Mutual Fund Mock Test includes a workbook with the entire syllabus and related material. The textbook is thorough and covers every topic in the curriculum.
Here are a few pointers for exam preparation:
A candidate's first consideration should be to ensure they're pursuing the suitable NISM Mutual Fund Study Material, for the test preparation. NISM's softcopy workbook is more than adequate for passing the exam. It's also possible to buy the book.
Purchase Online NISM Textbooks
It's essential to plan out each lesson in detail and to put in a lot of practice time working through any inappropriate material.
If you spend all of your time on one question, you'll miss out on the other questions you may be able to answer correctly. The most challenging questions should be kept until the end of the presentation.
Individuals getting ready to take the NISM Series VA Certification Exam might gain a significant advantage by taking NISM Mutual Fund Mock Test. These practice exams help you gauge your level of preparation but also familiarize you with the exam format, lowering your anxiety levels when it comes time to take the real thing.
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