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NISM Test Material
NISM Mutual Fund Distribution Certification Examination
From June 1, 2010, AMFI discontinued its Mutual Fund Certification program, including the Basic and Advisor modules. The Mutual Fund Distributors Certification Examination, now conducted by NISM, replaced these tests. The AMFI Refresher Course was also discontinued and replaced by the Continuing Professional Education (CPE) Program for Mutual Fund Distributors, also conducted by NISM.
View the SEBI circular on Certification Programme for sale and/ or distribution of mutual fund products for reference:
NISM-Series-V-A: Mutual Fund Distributors Certification Examination
The examination seeks to create a common minimum knowledge benchmark for all persons involved in selling and distributing mutual funds including:
01
Individual Mutual Fund Distributors
02
Employees of organizations engaged in sales and distribution of Mutual Funds
03
Employees of Asset Management Companies specially persons engaged in sales and distribution of Mutual Funds
The certification aims to enhance the quality of sales, distribution and related support services in the mutual fund industry.
Examination Objectives:
On successful completion of the examination the candidate should:
01
Learn the basics of mutual funds, their structure, and different types of schemes and their features.
02
Understand how mutual funds are distributed in the market, how to evaluate schemes, and recommend suitable products to investors.
03
Get familiar with financial planning to help mutual fund distributors build long-term relationships with clients.
Assessment Structure:
The examination consists of 100 questions of 1 mark each and should be completed in 2 hours. The passing score for the examination is 50%. There shall be no negative marking.
Test Details:
Name of Module: NISM-Series-V-A: Mutual Fund Distributors Certification Examination
| fees (Rs.) | Test Duration (in minutes) | No. of Questions | Maximum Marks | Pass Marks* (%) | Certificate # Validity (in years) |
|---|---|---|---|---|---|
| 1500+ | 120 | 100 | 100 | 50 | 3 |
* No negative marks for incorrect answers.
+ Payment gateway charges extra.
# Passing Certificate will be issued only to those candidates who have furnished/ updated their Income Tax Permanent Account Number (PAN) in their registration details.
