Notifications 5
April 9, 2013
Subject: Eligibility of participants for Mutual Fund Foundation Examination and Mutual Fund Foundation – CPE Programme
National Institute of Securities Markets hereby clarifies eligibility of participants for Mutual Fund Foundation Examination and Mutual Fund Foundation – CPE Programme, as follows:
| Category of person applying for Certification | Certification through Examination | Certification through CPE |
| Grandfathered* | ||
| Postal agents with a service / experience of at least 10 years or of age 50 years or more | Allowed | Allowed |
| Retired government and semi-government officials (class III and above or equivalent) with a service of at least 10 years or of age 50 years or more | Allowed | Allowed |
| Retired teachers with a service of at least 10 years or of age 50 years or more | Allowed | Allowed |
| Retired bank officers with a service of at least 10 years or of age 50 years or more | Allowed | Allowed |
| Intermediaries/ Agents engaged in distribution of financial products e.g. insurance agent, FD agent, National Savings Scheme products, PPF, etc. registered with any other Financial Services Regulatorwith a service of at least 10 years or of age 50 years or more | Allowed | Allowed |
| Business correspondents appointed by banks with a service of at least 10 years or of age 50 years or more | Allowed | Allowed |
| Any other person of age 50 years or more | Allowed | Allowed |
| Others | ||
| Postal agents with a service of less than 10 years and of age less than 50 years | Allowed | Not Allowed |
| Retired government and semi-government officials (class III and above or equivalent) with a service of less than 10 years and of age less than 50 years | Allowed | Not Allowed |
| Retired teachers with a service of less than 10 years and of age less than 50 years | Allowed | Not Allowed |
| Retired bank officers with a service of less than 10 years and of age less than 50 years | Allowed | Not Allowed |
| Intermediaries/ Agents engaged in distribution of financial products e.g. insurance agent, FD agent, National Savings Scheme products, PPF, etc. registered with any other Financial Services Regulatorwith a service of less than 10 years and of age less than 50 years | Allowed | Not Allowed |
*For persons who have attained the age of 50 years or who have at least 10 years of experience in the securities markets in the sale and/ or distribution of mutual fund products as on September 13, 2012
2. Experience certificate for grandfathered category participants may be issued by Compliance officer of Asset Management Company. G.P.Garg(Registrar)
NISM/Certification/ NISM-Series-XXV-A: Persons Associated with Research Services (Sales and Other Non-Core Services) Certification Examination/2026/01 dated January 30, 2026.
NISM/Certification/AIF Managers CPE/2026/01 dated January 30, 2026
NISM/Certification/ NISM Series XV: Research Analyst Certification Examination/2025/dated December 05, 2025
NISM/Certification/Series-III-C: Securities Intermediaries Compliance (Fund) Certification Examination /2025/01/November 20, 2025
NISM/Certification/ NISM-IFSCA-01: Certification Course on Anti Money Laundering and Counter Terrorist Financing in the IFSC /2025/dated November 13, 2025
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