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.
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.
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.
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Test centres and seat availability
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