NISM-Series-V-A: Mutual Fund Distributors Certification Examination (NISM Exam) is organized by National Institute of Securities Market. Only after clearing the NISM Certification exam, the prospect gets the ARN Number and becomes a Mutual Fund Agent. The NISM Exam seeks to construct a common minimum knowledge standard for all candidates involved in Mutual Funds sales and distribution, including the Individual Mutual Fund Distributors, Employees of organizations engaged in sales and distribution of Mutual Funds and the Employees of Asset Management Companies (AMC), especially people engaged in Mutual Funds sales and distribution. The certification intends to augment the sales quality, distribution, and related support services in the industry.
According to the guidelines given by The National Institute of Securities Market (NISM):
According to the NISM details given by the Association of Mutual Fund (AMFI) website, a person can take the examination either in Hindi or English language.
The mode of NISM Exam to become a mutual fund distributor is Offline for Hindi language and for the English both Online and Offline modes are available.
While getting the registration done for the NISM Mutual Fund distributor exam, a person needs to pay an amount of Rs.1,500/- as NISM exam fees. Mode to pay the fee will be online through Credit Card/Debit Card or net banking.
As per the NISM details available at Association of Mutual Fund (AMFI) website, the certificate will be valid for around 3 years.
Fees (Rs.) | Test Duration (in minutes) | No. of Questions | Maximum Marks | Pass Marks (%) | Certificate Validity (in years) |
---|---|---|---|---|---|
1500+ | 120 min | 100 | 100 | 50 | 3 |
In order to qualify the NISM Exam, it is necessary for the personnel to understand the whole NISM Examination Syllabus. Following are the topics included in the NISM Curriculum.
If you want to qualify the NISM Test with good grades and in the first attempt then it is highly necessary to prepare strongly. For this you can take help from the Mutual Fund Mock Test, NISM Books and other material like the News sections. Study material is provided by NISM upon registration for the exam.
Using the calculator or any other electronic item in the NISM examination hall is strictly prohibited.
No, there is no procedure for fee refund. But yes, if the exam gets cancelled by the NISM, then a refund will be given to the candidate.
The NISM exam exam fees can easily be paid through online mode by using a debit card, net banking. Exam NISM certification fees fees can also be submitted through offline mode by using the demand Drafts.
Yes, a prospect can give the examination in the Hindi language. However, the exam will be conducted in offline mode only in case of Hindi.
NISM certificate is essential for the mutual fund distributors to get the ARN number.