Welcome to Pass4Sure
GET THE MOST IMPORTANT Q & A WITH EXPLANATIONS TO CLEAR THE EXAMS EASILY.

NISM Series V A: Mutual Fund Distributors Exam

nism mutual fund mock test

  • Get the 600+ most important question and answers to clear the NISM Series V A Mutual Fund Distributors Certification easily
  • Easy explanations with answers so that you understand the concept and answer even the most difficult questions
  • Validity : 45 Days - 10 attempts for each test
  • Instant access : Login to see the online Mock exams immediately after payment
  • Cost of subscription : Rs. 499/= (+GST)


FREE DEMO BUY NOW


Exam and Question Bank details

NISM Mutual Fund Mock Test / NISM Series 5 A Question Bank

 
The NISM Mutual Fund exams are conducted online at various NISM centers and all question asked are of 'multiple choice' Q&A. The time duration is 120 minutes and a candidate has to answer 100 questions totaling to 100 marks. 50% marks are the passing marks for NISM Mutual Fund Exam.
 
We at PASS4SURE have designed our Question Bank for NISM V A module by having :
  • Various PRACTISE TESTS
  • Two Very Important LAST DAY REVISION tests and
  • REAL FEEL timed exam
In all a total of more than 600 VERY IMPORTANT Q&As to make your preparations complete. PASS4SURE has provided explainations for almost every answer so that you understand them and remember the answers easily. Also detailed step by step solutions are provided to the mathematical problems. The Question Bank of NISM Mutual Fund has been updated in August 2021. The subscription cost is Rs 499.
 

Once you go through NISM mutual fund mock test you will find it easy to clear this NISM 5A module and get the NISM Series V A Mutual Fund Distributors Certification.

The objective behind the NISM V - A: Mutual Fund Distributors Exam

The purpose of the NISM Series V-A: Mutual Fund Distributors Examination is to establish a minimum knowledge level for all people involved in selling and distributing mutual funds, such as:

  • Distributors of individual mutual funds.
  • Employees who work for companies that sell and distribute mutual funds.
  • Employees of asset management firms, particularly those involved in mutual fund sales and distribution.

The NISM Series V-A Certification program aims to strengthen the mutual fund industry's sales, distribution, and related support services. 

Here is a little brief on NISM Series V-A: Mutual Fund Distributors (AMFI) syllabus:

Investing Environment:

·       Gain an understanding of the Indian economy's parameters. Describe investors and their financial objectives.

·       Comprehend the terms "savings" and "investment."

·       Discuss the various asset classes

·       Recognize the many types of investment risks.

·       Describe how to measure risk and how to manage it.

·       Recognize Behavioral biases in investment decisions 7. Recognize risk profiling

·       Describe the Asset Allocation Process

·       A comparison of the two ways – do-it-yourself and professional assistance

Mutual Funds: What They Are and What They Do?

·       Describe the mutual fund concept.

·       Know the different types of mutual funds.

·       Describe the Indian mutual fund industry's growth.

India's Mutual Fund Legal Structure:

·       Describe the mutual fund framework in India.

·       Recognize the fundamental components of a mutual fund

·       Recognize the Asset Management Company's organisational structure.

·       Recognize the role and support activities of mutual fund service providers.

·       Describe AMFI's role and function.

Regulatory and Legal Framework:

·       Describe the role of India's regulators.

·       Discuss the role of India's Securities and Exchange Board.

·       Understand how AMCs conduct due diligence on mutual fund distributors.

·       Describe the standards for investor grievance and redress (Explain about SCORES)

·       Be familiar with the AMFI Code of Conduct for Intermediaries.

Information on the Scheme:

·       Recognize the purpose, objective, and relevance of the Mandatory Documents

·       Describe the Mandatory and Non-Mandatory Disclosures

Practices in Fund Distribution and Channel Management

·       Describe the function and significance of mutual fund distributors.

·       Recognize the various types of mutual fund distributors.

·       Describe the various distribution modes.

·       Recognize the requirements for becoming a Mutual Fund Distributor.

·       Describe how a mutual fund distributor earns money.

·       Understand the SEBI-mandated Commission Disclosure.

·       Describe the AMCs' Due Diligence Process for Mutual Fund Distributors.

·       Explain the nomination process to agents and distributors, as well as the payment of commissions to nominees.

·       Describe the distributor change.

Net Asset Value (NAV), Total Expense Ratio (TER), and Unit Pricing:

·       Discuss the Principles of Fair Valuation.

·       Calculate the net assets and NAV of a mutual fund scheme.

·       Describe Dividends and Distributable Reserves.

·       Understand the concept of entry and exit load and how it affects NAV.

·       Understand the most important accounting and reporting requirements for mutual funds.

·       Understand the Net Asset Value (NAV), Total Expense Ratio (TER), and Unit Pricing for Segregated Portfolio

Taxation

·       Recognize the various taxes that may apply to mutual funds.

·       Gain a thorough understanding of capital gains, capital gains tax (long and short term), and indexation.

·       Know the difference between dividend income and dividend income tax.

·       Recognize the distinction between dividend distribution and capital gains taxes.

·       Understand the fundamentals of the Income Tax Act's Gains and Losses Setting Off.

·       Be aware of the Securities Transaction Tax

·       Be aware of the tax benefits available to mutual fund investors under Section 80C of the Income Tax Act.

·       Learn about TDS (Tax Deducted at Source) in mutual funds.

·       Recognize the GST's impact on mutual funds.

Investor Services

·       Explain the NFO Process.

·       Describe the New Fund Offer Price/Ongoing Subscription Price

·       Describe the many types of investment programmes and possibilities

·       Explain how mutual fund units are assigned to investors. 5. Describe the substance and frequency of investment Statements of Accounts.

·       Explain the various sorts of mutual fund investors.

·       Describe how to fill out a mutual fund application form.

·       Describe financial transactions involving mutual funds (purchasing, redeeming, and switching) 9. Describe cut-off time and time stamping

·       Explain the Know Your Customer (KYC) requirement for mutual fund investors.

·       Describe the various types of systematic transactions.

·       Describe how systematic transactions work on a practical level.

·       Describe the non-financial transactions that take place in mutual funds.

·       Discuss whether the status of special investor categories should be changed.

·       Describe the timelines for investor transactions.

Funds' risk, return, and performance:

·       Recognize the broad and specific risk factors

·       Describe the variables that influence mutual fund performance.

·       Describe the Returns and Risk Drivers in Mutual Fund Schemes.

·       Recognize the Returns Measures

·       Understand the SEBI guidelines for mutual fund returns portrayal in India.

·       Describe the hazards of investing in mutual funds, with an emphasis on investors.

·       Recognize the Risk Indicators

·       Describe some provisions relating to credit risk.

Performance of Mutual Fund Schemes:

·       Describe how benchmarks work.

·       Compare and contrast the Price Return Index and the Total Return Index.

·       Determine the criteria for selecting an appropriate performance benchmark.

·       Explain how market benchmarks are used to assess the performance of equity funds.

·       Explain how market benchmarks are used to assess the performance of debt funds.

·       Explain how market benchmarks are used to evaluate other schemes.

·       Describe how quantitative measures of fund manager performance are calculated.

·       Define the term "tracking error"

·       Recognize the various sources of scheme performance disclosure (Scheme documents, AMFI and AMC website and Fund Fact Sheet)

Choosing a Mutual Fund Scheme:

·       Describe how to choose a scheme based on an investor's needs, preferences, and risk profile.

·       Describe the various risk levels in mutual fund schemes.

·       Describe how to choose a scheme based on a mutual fund's investing approach.

·       Describe how to choose a mutual fund scheme from a variety of AMCs or within a scheme category.

·       Understand how to choose options in mutual fund schemes.

·       Be aware of the Do's and Don'ts while choosing mutual fund plans.

Why Pass4sure?

Indeed, a supplier of e-learning solutions is ready to assist its consumers (students) in obtaining the ideal method for successfully passing an online exam. At Pass4sure, we provide various online learning resources for preparing for financial industry professional certifications such as the NISM Series V-A.

The organization is entirely committed to providing quality NISM study material, online exam preparation, a NISM VA question bank, test papers, NISM mutual fund mock tests / AMFI mock test, practice tests, and sample papers.

Pass4sure's NISM Mutual Fund Question Bank exposes users to certifications of NISM such as Series V-A of the NISM certification in real-time. The NISM Series VA Mock Tests have the following features:

  •  NISM, a leading institute of the securities market, set the specifications for the design.
  •  Each test allows you multiple attempts.
  •  It follows the same patterns and testing procedure as the NISM online assessments.
  •  It covers the questions from the units in the same ratio as the NISM test.
  •  Provides in-depth coverage of the various areas outlined for NISM mutual fund distributor certification.
  •  Use our evaluation tools to take online NISM mutual fund mock test and analyze your performance with a full report in detail.
  •  Through our guidelines and test methods, you will have thorough knowledge about the real-time exam situation. Thus, you’ll be well-prepared and will be full of confidence while appearing in the examination.

Conclusion:

You may prepare for the NISM-Series V-A: Mutual Fund Distributors Certification Examination) with confidence at Pass4sure. As a result, we would be delighted to provide you with whatever assistance you require in your efforts to obtain the certification and the necessary skill set. 

We offer over 600+ most vital questions, and their answers helpful in clearing the NISM Series V-A Examination. Not only this, but you’ll also get an easy explanation for all the answers so that your concept is very clear to answer even the most difficult questions. 


Please have a look at the free demo to have a feel of the question bank.

FREE DEMO BUY NOW

Passing Guarantee

  • Clear your exams in first attempt.
  • Save time & money.
  • Over 5300 satisfied students.

Testimonials

Feed Back / Query form

9299

PASS4SURE

Rated 4.7/ 5 based on 8371 Reviews.

© Pass4Sure.in. All rights reserved

We Accept For Payment