Mutual Fund Foundation Certification Examination Workbook/Study Material
The examination seeks to form a common minimum data benchmark for a brand spanking new cadre of open-end fund distributors, as per SEBI circular CIR/IMD/DF/21/2012 dated Sep thirteen, 2012, concerned in mercantilism and distributing straightforward and performing arts open-end fund schemes:
- Postal agents
- Retired government and semi-government officers (class III and higher than or equivalent) with a service of a minimum of ten years
- Retired lecturers with a service of a minimum of ten years
- Retired bank officers with a service of a minimum of ten years, and alternative similar persons (such as Bank correspondents) as could also be notified by AMFI/AMC from time to time
- The certification aims to reinforce the standard of sales, distribution and connected support services within the open-end fund trade.
Examination Objectives:
On winning completion of the examination the candidate should:
- Know the fundamentals of mutual funds, their role, and structure, totally different styles of open-end fund schemes and their options
- Know how mutual funds area unit distributed within the market-place, however, such as schemes area unit to be evaluated and the way appropriate schemes are suggested by this cadre of distributors to prospective investors.
- Know the foundations and rules associated with the distribution of such a product.
- Know the fundamentals of monetary designing as an associate approach to finance in mutual funds.
Assessment Structure:
The examination consists of fifty queries of one mark every and will be completed in two hours. The passing score for the examination is five hundredths. There shall be no negative marking.
Test Details
Name of Module: NISM-Series-V-B: Mutual Fund Foundation Certification Examination
Fees (Rs.) | Test Duration (in minutes) | No. of Questions | Maximum Marks | Pass Marks* (%) | Certificate # Validity (in years) |
1770+ | 120 | 100 | 100 | 50 | 3 |
*: Negative marking - nil of the marks assigned to the question
+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.
How to register and take the examination
To find out more and register for the examination please visit NISM official website
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