NISM-Series-V-D: Mutual Fund – Specialized Investment Fund Distributors Certification Examination

NISM-Series-V-D: Mutual Fund – Specialized Investment Fund Distributors Certification Examination.

Launch of NISM-Series-V-D: Mutual Fund – Specialized Investment Fund Distributors Certification Examination w.e.f. July 22, 2026.

The examination seeks to create a common minimum knowledge benchmark for all persons involved in selling and distributing Mutual Fund and Specialized Investment Fund products including:

1. Individual Mutual Fund and Specialized Investment Fund Distributors

2. Employees of organizations engaged in sales and distribution of Mutual Fund and Specialized Investment Fund

Employees of Asset Management Companies especially persons engaged in sales and distribution of Mutual fund and Specialized Investment Fund products.

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:

1. Know the basics of Mutual Fund, their role and structure, different kind of Mutual Fund schemes and their

2. Understand how Mutual Funds are distributed in the market-place, how schemes are to be evaluated, and how suitable products and services can be recommended to investors and prospective investors in the

3. Know the basics of the Indian equity derivatives market.

4. Understand the various trading strategies that can be built using futures and options on both stocks and stock indices.

5. Know the basics of fixed income securities and interest rate derivative products in India.

6. Understand the analytical framework of interest rate futures and options traded in Indian exchanges.

7. Understand various hedging, trading and arbitrage strategies that can be built using interest rate derivative

Assessment Structure:

1. This is a computer-based examination with multiple choice questions.

2. The examination consists of 150 multiple-choice questions of 1 mark each adding to 150 marks.

The assessment structure is as follows:

1. The examination should be completed in 3 hours.

2. The passing score for the examination is 60 percent; which is 90 marks out of total 150 marks.

3. There shall be negative marking of 10 percent of the marks assigned to a question.

Test Details

How to register and take the examination

To find out more and register for the examination please visit www.nism.ac.in

Please refer to the “Curriculum” for further details regarding the NISM-Series-V-D: Mutual Fund – Specialized Investment Fund Distributors Certification Examination

Please refer to the “Frequently Asked Questions” for further details regarding the NISM-Series-V-D: Mutual Fund – Specialized Investment Fund Distributors Certification Examination

Please refer to the “Study Material” for further details regarding NISM-Series-V-D: Mutual Fund – Specialized Investment Fund Distributors Certification Examination

Name of Module: NISM-Series-V-D: Mutual Fund – Specialized Investment Fund Distributors Certification Examination.

* Negative marking– 10% of the marks assigned to the question.

+ 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.

For any assistance/clarification, please contact NISM’s Certification Helpdesk at certification@nism.ac.in or at 8080806476.

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