NISM-Series V-B: Mutual Fund Foundation
NISM-Series V-B: Mutual Fund Foundation
NISM-Series-V-B: Mutual Fund Foundation
The examination seeks to create common minimum knowledge benchmark for 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.
Target Audience
The following persons can take NISM-Series-V-B: Mutual Fund Foundation Certification Examination:
1. Postal agents
2. Retired government and semi-government officials (class III and above or equivalent) with a service of at least 10 years
3. Retired teachers with a service of at least 10 years
4. 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
5. Any other individuals
Prerequisite for the exam
There are no prerequisites required for NISM-Series-V-B: Mutual Fund Foundation Certification Exam.
Examination Objectives:
On successful completion of the 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 distribution of specified products.
• Know the basics of financial planning as an approach to investing in mutual funds.
Exam Format and Information
Exam Name NISM-Series-V-B: Mutual Fund Foundation | Exam Code V-B |
| Exam Duration 120 mins | Exam Format Multiple Choice |
| Exam Type Intermediate | Number of Questions 50 Questions |
| Validity 3 Years | Exam Status Live |
| Exam Language English | Pass Score 50% and above |
NISM-Series V-B: Mutual Fund Foundation FAQs
Examination Objectives:
On successful completion of the 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 distribution of specified products.
• Know the basics of financial planning as an approach to investing in mutual funds.
Is there any assistance from Testprep Training in terms of exam preparation?
Yes, Testprep Training offers email support for any certification related query while you are preparing for the exam using our practice exams. Your query will be handled by experts in due course.
What variety of questions appears in the exam?
There will only be multiple-choice and multi-response questions covered in the exam.
Does Testprep Training offer Money Back Guarantee for the Exam Simulator?
Yes, we offer a 100% unconditional money back guarantee. In case you are not able to clear the exam for then you can request for the full refund. Please note that we only refund the cost of product purchased from Testprep Training and not the NISM-Series-V-B: Mutual Fund Foundation Certification Exam cost.
Can we try the free test before purchasing the practice exam?
Yes testprep training offers free practice tests for the NISM-Series-V-B: Mutual Fund Foundation Certification Exam which can be used before the final purchase for complete test.
Do TestprepTraining provide practice set questions for NISM-Series-V-B: Mutual Fund Foundation Certification Exam?
TestprepTraining provides unique sets of questions that will help you check your skills and knowledge in performing data analysis on Excel. These practice questions will help you increase your knowledge for better preparation of exam.
For how long is the license valid after purchase?
Once purchased, the practice exams can be access for the lifetime.
Do you provide any preparation guidance for this certification exam?
Yes our experts frequently blog about the tips and tricks for exam preparation.
Do you offer any discount on the bulk purchase?
Yes we offer nearly 50% discount for the order more than 10 products at a time. You can reach the testprep training Helpdesk for more details. The member of support staff will respond as soon as possible.
How do I renew my certificate?
To renew your current certificate, you need to appear for NISM CPE for Mutual Fund Foundation or successfully pass the NISM-Series-V-B: Mutual Fund Foundation Certification Examination before the expiry of such certificate.
Who are the intended audience for the exam?
The following persons can take NISM-Series-V-B: Mutual Fund Foundation Certification Examination:
6. Postal agents
7. Retired government and semi-government officials (class III and above or equivalent) with a service of at least 10 years
8. Retired teachers with a service of at least 10 years
9. 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
10. Any other individuals
What number of questions will there be in the exam?
There will be 100 questions in the exam.
How the exam scores are calculated?
After the completion of your exam, the points you earned on each question are totaled and then compared with the cut score to determine whether the result is pass or fail.
What is the validity period of the certificate?
The certificate will be valid for 3 years from the date of the examination.
What is the assessment structure?
The 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.
How many questions will be there in the exam?
There will be 50 questions which have to be completed in 120 minutes.
Is there any prerequisite for the exam?
There are no prerequisites required for NISM-Series-V-B: Mutual Fund Foundation Certification Exam.
What is the fee structure of the exam?
The fees for NISM-Series-V-B: Mutual Fund Foundation Certification Exam is Rupees One Thousand Five Hundred only (Rs. 1200/-).
What is the passing score of the exam?
The candidate has to secure 50% in order to pass the exam.
What is NISM-Series-V-B: Mutual Fund Foundation Certification Exam?
The examination seeks to create common minimum knowledge benchmark for 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.