What is the NISM Mutual Fund Exam?

Posted on 05 Feb 2020

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NISM Mutual Fund Examination started in 2010, and it is regarded as one of the oldest examinations. Before the NISM Mutual Fund Examination, NSE conducted a certification examination known as AMFI Certification. NISM Mutual Fund Test is held in a place of AMFI Certification Test now, and this examination is the entry-level test for all those aspirants who wish to build their career in Mutual Funds. 

If you are willing to deal in Mutual Funds but don’t know how to appear in this test, you may contact different institutions that offer comprehensive solutions to the NISM Mutual Fund Examination Style Questions. They also provide ample opportunities to prepare yourself for the Mutual Fund Mock Test

If you are an aspirant, here’s everything that you should know about the test:

Who should take this test? 

The following list will you give an idea regarding the candidates who are eligible to take this test.

  • This test is conducted to create a minimum knowledge and awareness for all those persons who would like to be involved in distributing and selling of mutual funds. 
  • Staffs of different organizations who are engaged in the distribution and sale of Mutual Fund.
  • Staffs who represent Asset Management Companies.

Objectives of this Examination:

Once you complete this examination successfully, you will be able to:

  • Understand the foundation of Mutual Fund, the structure and role of it and the different types of Mutual Funds along with their features.
  • Enumerate the distribution and the evaluation process of Mutual Funds in the marketplace.
  • Recognize the requirements of the investors in the market and learn how to recommend a suitable scheme based on their specific needs.
  • Interpret the accounting, legalities and valuation aspects of Mutual Funds.
  • Familiarise with the approach and financial planning concerning Mutual Funds. 
  • Learn how to develop a cordial and long-term relationship with the clients. 

3. Structure and details of the Examination: The structure of the assessment will include 100 questions of one mark each, and the duration of the examination is two hours. In the NISM Mutual Fund Examination, the maximum score is 100 while the passing percentage is 50%. The examination is devoid of any negative marking. To appear in this test, you must pay a fee of Rs 1500. Once you clear the test, you will be provided with a certificate; the validity of which will be for three years. The candidate who has provided their PAN details will only be issued a passing certificate.

Although there is no negative marking, the candidate needs to grasp the question pattern and answer them accordingly. Hence, it is suggested to take professional help from different online institutes that will help them to clear the NISM Series VA on the first attempt. 

Are you wondering and still feeling unsure about the NISM Mutual Fund Examination? You can get in touch with institutes that not only offers NISM Mutual Fund Study Materials but also provides Practice Bank Questions that will give you a fair idea about the pattern of the questions and help you clear the test on your first try!