The NISM-Series-V-A: Mutual Fund Distributors Certification Examination is conducted by the National Institute of Securities Markets (NISM) under SEBI. This exam is mandatory for individuals who want to work as mutual fund distributors or advisors. It ensures that candidates have basic knowledge of mutual funds, investment concepts, risk, return, taxation, and regulatory rules.
The exam is conducted online and consists of 100 multiple-choice questions to be solved in 2 hours. Each question carries 1 mark, and there is no negative marking. To pass the exam, a candidate must score at least 50 marks. The exam fee is ₹1500 plus taxes. The certificate obtained after passing the exam is valid for 3 years, after which renewal is required.
The syllabus of the exam includes topics such as investment basics, types of mutual fund schemes, NAV (Net Asset Value), mutual fund structure, distribution channels, investor services, and legal and regulatory framework. There is no specific eligibility criteria, so anyone interested in mutual funds can appear for the exam.
Overall, the NISM-VA exam helps in developing professional knowledge and skills required for mutual fund distribution and is important for building a career in the financial services sector.
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