Mastering the NISM Series V-A Mutual Fund Exam
The NISM Series V-A: Mutual Fund Distributors Certification is required for ARN registration with AMFI to distribute and advise on mutual fund products in India.
Exam Pattern Overview
- Total Questions: 100 MCQs
- Passing Marks: 50% (50 Marks)
- Negative Marking: NIL (No negative marking!)
- Exam Validity: 3 Years
Must-Know Calculation Formulas
Candidates frequently see numerical questions on:
- Net Asset Value (NAV): (Net Assets - Liabilities) / Outstanding Units
- Expense Ratio (TER): Total Operating Expenses / Average Daily Net Assets
- Compounded Annual Growth Rate (CAGR): [(Ending Value / Beginning Value) ^ (1/n)] - 1
Key Takeaway
Since there is no negative marking in NISM V-A, attempt all 100 questions. Focus on SEBI scheme categorization rules and taxation of equity vs debt funds to secure an easy distinction.
