Mutual Fund Foundation

NISM-Series-V-B: Mutual Fund Foundation Certification Examination

Revised Launch of NISM Series V-B: Mutual Fund Foundation Certification Examination w.e.f November 30, 2024

The examination seeks to create common minimum knowledge benchmark for a new cadre of mutual fund distributors, as per SEBI circular CIR/IMD/DF/21/2012 dated September 13, 2012, involved in selling and distributing simple and performing mutual fund schemes:

• Postal agents
• Retired government and semi-government officials (class III and above or equivalent) with a service of at least 10 years
• Retired teachers with a service of at least 10 years
• Retired bank officers with a service of at least 10 years, and other similar persons (such as Bank correspondents) as may be notified by AMFI/AMC from time to time

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 Mutual Fund Foundation examination, the candidate should:

• Know the basics of mutual funds, their role and structure, different kinds of mutual fund schemes and their features
• Know how mutual funds are distributed in the market-place, how specified schemes are to be evaluated and how suitable schemes can be recommended by this cadre of distributors to prospective investors.
• Know the rules and regulations related to the distribution of specified products.
• Know the basics of financial planning as an approach to investing in mutual funds.

Assessment Structure:

The Mutual Fund Foundation examination consists of 50 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-B: Mutual Fund Foundation Certification Examination

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# Passing Certificate will be issued only to those candidates who have furnished/ updated their Income Tax Permanent Account Number (PAN) in their registration details.