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NISM Series-V-C: Mutual Fund Distributors (Level 2) Practice Exam

NISM Series-V-C: Mutual Fund Distributors (Level 2) Certification Examination


About NISM Series-V-C: Mutual Fund Distributors (Level 2) Certification Examination

NISM-Series-V-C: Mutual Fund Distributors (Level 2) Certification Examination is a voluntary examination.

The examination seeks to create a common knowledge benchmark for associated persons, i.e., distributors, agents or any persons employed or engaged or to be employed or engaged in the sale and/or distribution of mutual fund products and advisory functions, in order to enable a better understanding of features of advanced mutual fund products, fund valuation, fund performance measurements, investor service and related regulations.


NISM has specified the NISM-Series-V-A: Mutual Fund Distributors Certification Examination as the mandated certification examination for distributors, agents or any persons employed or engaged or to be employed or engaged in the sale and/or distribution of mutual fund products vide NISM communiqué NISM/Certification/Series-V-A: MFD/2010/01 dated May 05, 2010. SEBI has further mandated the same vide notification No. LAD-NRO/GN/2010-11/09/6422 dated May 31, 2010.


Who should take this exam?

National Institute of Securities Markets (NISM) now announces the launch of a higher level examination, for those candidates who wish to assess themselves against higher standards of overall expertise related to mutual funds sales, distribution and advisory functions.  The NISM-Series-V-C: Mutual Fund Distributors (Level 2) Certification Examination is suitable for -

  • Mutual fund distributors and agents
  • Persons employed or engaged in the sale and/or distribution of mutual fund products
  • Persons to be employed or engaged in the sale and/or distribution of mutual fund products
  • Students interested in gaining advanced knowledge of mutual fund products, sales, distribution and related regulations


Examination Objectives

On successful completion of the examination the candidate should:

  • Understand the salient features of Fund of Funds, Exchange Traded Funds, Real Estate Mutual Funds, Venture Capital Funds, Private Equity Funds and International Funds
  • Know the legalities of real estate mutual funds, investment restrictions applicable to mutual fund schemes, and the processes for making changes in the structure of a mutual fund or any of its schemes
  • Appreciate the working of newer channels of distribution viz. stock exchange and internet
  • Get acquainted with the approaches fund managers take to manage investments and associated risks
  • Understand how equities, debt, derivatives and real estate are valued in mutual fund schemes
  • Get oriented to the accounting aspects of NAV determination, investor’s transactions with the fund and corporate actions by investee companies
  • Know how taxation affects mutual fund schemes and investors
  • Understand the processes underlying investment in NFO, open-end schemes, closed-end schemes and ETF as well as nomination and pledge processes relating to mutual funds
  • Appreciate how schemes are evaluated
  • Get a historical perspective on returns earned in different asset classes
  • Get acquainted with the issues involved in selling alternate investment products
  • Get oriented to basics of financial planning
  • Understand ethical requirements and measures to protect mutual fund investors


Exam Structure

The examination consists of 8 caselets with 4 multiple choice questions of 2 marks each per caselet and 36 one mark multiple choice questions adding up to 100 marks. The examination should be completed in 2 hours. There is negative marking of 25% of the marks assigned to a question. The passing score for the examination is 60 marks.


Exam Details

Name of Examination: NISM-Series-V-C: Mutual Fund Distributors (Level 2) Certification Examination


 


  • Inclusive of Service Tax. Payment Gateway Charges extra.
  • Approximately multiple choice questions of 1 mark each and 8 caselets with 4 multiple choice questions of 2 marks each (Total 68 questions adding up to 100 marks).
  • Negative marking – 25% of the marks assigned to the question.
  • Passing Certificate will be issued only to those candidates who have furnished/ updated their Income Tax Permanent Account Number (PAN) in their registration details.


What do we offer?

  • 5 full-length mock test with unique questions in each test set
  • Practice objective questions with section-wise scores
  • In-depth and exhaustive explanation for every question
  • Reliable exam reports to evaluate strengths and weaknesses
  • Latest Questions with an updated version
  • Tips & Tricks to crack the test
  • Unlimited access


What are our Practice Exams?

  • Practice exams have been designed by professionals and domain experts that simulate real time exam scenario.
  • Practice exam questions have been created on the basis of content outlined in the official documentation.
  • Each set in the practice exam contains unique questions built with the intent to provide real-time experience to the candidates as well as gain more confidence during exam preparation.
  • Practice exams help to self-evaluate against the exam content and work towards building strength to clear the exam.
  • You can also create your own practice exam based on your choice and preference 


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