Study Material for NISM mutual fund distributor exam

SEBI had made mandatory for every mutual fund distributor to qualify NISM-Series-V-A: Mutual Fund Distributors Certification Examination. Formerly this exam was known as AMFI mutual fund module but now NISM conducts this exam.

Objectives of NISM Series V-A:-

  • To test the understanding of mutual fund basic
  • To test the understanding of tax treatment and legal procedures of mutual funds
  • To test basic understanding of financial planning and knowledge of various investment options. 

Examination structure

There will be 100 multiple choice questions of 1 marks each. Two hours will be allotted to solve 100 questions. Passing percentage of this exam is 50%. The result is provided after completion of the exam.

Online Registration

The fee to appear for examination is Rs.1500+ GST. The validity of this exam is three years, after that you need to appear again and apply for membership. PAN is necessary to become a member.

Click for online registration.

Test centres and seat availability

You can find seat availability for your desired date on this link

Study material

Below two ebooks are more than enough for NISM mutual fund distributor module. Print these books and spend a week on them.

Download the first chapter notes here

Enrol for NISM V A Mutual Fund distributor course here.


Smart Prep Kit for Banking Exams by Ramandeep Singh - Download here

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  1. i have today given the nism mutual fund exam but i am unable to pass it so i wants to reappear for that exam ,so do i have to redeposit 1250 exam fees as earlier! please help!

  2. Yes you have deposit exam fees again

  3. Thanks a lot Rmandeep for the workbooks Much appreciated :-)

  4. what is the cost of the NISM workbook of Series V-A

  5. is dese 2 workbooks are sufficent

  6. Join whatsapp group to paas this exam


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