NISM-Series-V-B: Mutual Fund Foundation Certification Examination
Revised Launch of NISM Series V-B: Mutual Fund Foundation Certification Examination w.e.f November 30, 2024
The examination seeks to create common minimum knowledge benchmark for a new cadre of mutual fund distributors, as per SEBI circular CIR/IMD/DF/21/2012 dated September 13, 2012, involved in selling and distributing simple and performing mutual fund schemes:
- Postal agents
- Retired government and semi-government officials (class III and above or equivalent) with a service of at least 10 years
- Retired teachers with a service of at least 10 years
- Retired bank officers with a service of at least 10 years, and other similar persons (such as Bank correspondents) as may be notified by AMFI/AMC from time to time
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 Mutual Fund Foundation examination, the candidate should:
- Know the basics of mutual funds, their role and structure, different kinds of mutual fund schemes and their features
- Know how mutual funds are distributed in the market-place, how specified schemes are to be evaluated and how suitable schemes can be recommended by this cadre of distributors to prospective investors.
- Know the rules and regulations related to the distribution of specified products.
- Know the basics of financial planning as an approach to investing in mutual funds.
Assessment Structure:
The Mutual Fund Foundation examination consists of 50 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-B: Mutual Fund Foundation Certification Examination
+ 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.
