Notifications 7
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)
SEBI Circular for NISM Series XXV-A: Persons Associated with Research Services (Sales and Other Non-Core Services) Certification Examination dated March 11, 2026
NISM/Certification/ NISM Series XXIII – Social Impact Assessors Certification eCPE Program /2026/01 dated March 02, 2026.
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
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