NISM Test Material

NISM MUTUAL FUND DISTRIBUTORS CERTIFICATION EXAMINATION

The Association of Mutual Fund Distributors Certification Examination (AMFI) has w.e.f June 1, 2010 discontinued the AMFI Mutual Fund Certification program. Consequently, the tests for AMFI Mutual Fund (Basic) Module and AMFI Mutual Fund (Advisors) Module are not applicable from June 1, 2010. The Mutual Fund Distributors Certification Examination is effective from June 1, 2010 and is conducted by National Institute of Securities Markets (NISM). The AMFI Refresher Course is discontinued with effect from June 1, 2010. As a result, the mandate given to Indian Institute of Capital Markets (IICM) and Centre for Education and Learning (CIEL) by AMFI for conducting Refresher Course is also not applicable. This has been replaced by the 'Continuing Professional Education' (CPE) Program for Mutual Fund Distributors from June 1,2010 being conducted by NISM.

View the SEBI circular on Certification Programme for sale and/ or distribution of mutual fund products for reference:

NISM-Series-V-A: Mutual Fund Distributors Certification Examination

The examination seeks to create a common minimum knowledge benchmark for all persons involved in selling and distributing mutual funds including:

  • Individual Mutual Fund Distributors
  • Employees of organizations engaged in sales and distribution of Mutual Funds
  • Employees of Asset Management Companies specially persons engaged in sales and distribution of Mutual Funds

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:

  • Know the basics of mutual funds, their role and structure, different kinds of mutual fund schemes and their features
  • 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 market
  • 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 market
  • Get acquainted with financial planning as an approach to investing in mutual funds, as an aid for mutual fund distributors to develop long term relationships with their clients

Assessment Structure:

The examination consists of 100 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-A: Mutual Fund Distributors Certification Examination

Fees (Rs.) Test Duration (in minutes) No. of Questions Maximum Marks Pass Marks* (%) Certificate # Validity (in years)
1500+ 120 100 100 50 3

* No negative marks for incorrect answers.

+ 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.

Registration:

Please use this link to register for the Certification: https://certifications.nism.ac.in/nismaol/

Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Mutual Fund investments are subject to market risks, read all scheme related documents carefully.Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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