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/Series-XIX-E: Category III Alternative Investment Fund Managers/2025/02 dated April 29, 2025
NISM/Certification/Series-XIX-D: Category I and II Alternative Investment Fund Managers/2025/01 dated April 29, 2025
NISM/Certification/Series-XIX-B: AIFD-Cat III/2025/01 dated March 20, 2025
NISM/Certification/Series-XIX-A: AIFD-Cat I&II/2025/01 dated March 20, 2025
NISM/Certification/Series-II-B: RTA-MF/2025/01 dated March 20, 2025
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