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

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

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  • Access DurationLife Long Access
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NISM Series V C: Mutual Fund Distributors (Level 2)

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.

Target Audience

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

Prerequisite for the exam

There are no prerequisites required for NISM Series V C: Mutual Fund Distributors (Level 2) Certification Exam.

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 Format and Information

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

Exam Code 0
Exam Duration 120 mins
Exam Format Multiple Choice
Exam Type 0
Number of Questions 68 Questions
Validity 3 Years
Exam Fee Rs 1770
Exam Language English
Pass Score 60% and above

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

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.
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.
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
There will be 68 questions which have to be completed in 120 minutes.
There are no prerequisites required for NISM Series V C: Mutual Fund Distributors (Level 2) Certification Exam.
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.
The candidate has to secure 60% in order to pass the exam.
The fees for NISM Series V C: Mutual Fund Distributors (Level 2) Certification Exam is Rupees One Thousand Seven Hundred Seventy only (Rs. 1770/-).
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
There will only be multiple-choice and multi-response questions covered in the exam.
Once purchased, the practice exams can be access for the lifetime.
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.
There will be 100 questions in the exam.
The certificate will be valid for 3 years from the date of the examination.
Yes testprep training offers free practice tests for the NISM Series V C: Mutual Fund Distributors (Level 2) Certification Exam which can be used before the final purchase for complete test.
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.
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.
Yes our experts frequently blog about the tips and tricks for exam preparation.
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 C: Mutual Fund Distributors (Level 2) Certification Exam cost.
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.

 

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