What is the passing mark for NISM Series V-A?

You need 50% to pass NISM-Series-V-A: Mutual Fund Distributors. On a 100-mark paper that is 50 marks.

How long is the NISM Series V-A exam?

The exam runs for 120 minutes and carries 100 marks in total.

How long is the NISM Series V-A certificate valid?

NISM certifications are generally valid for 3 years from the date of passing, after which they must be renewed. Confirm the current position on nism.ac.in before your certificate lapses.

NISM Series V-A

Mutual Fund Distributors

The most widely taken NISM exam. Mandatory for anyone who sells or advises on mutual funds — distributors, bank relationship managers and IFAs. No negative marking, 50% to pass.

Exam pattern

Duration: 120 min
Total marks: 100
Pass mark: 50% (50)
Negative marking: None

There is no negative marking, so never leave a question blank — an uncertain guess costs you nothing.

Syllabus and chapter weightage

Weightages are taken from the official syllabus table published in the NISM workbook, so you can see exactly where the marks are.

1Investment Landscape8%
2Concept & Role of a Mutual Fund6%
3Legal Structure of Mutual Funds in India4%
4Legal and Regulatory Framework10%
5Scheme Related Information10%
6Fund Distribution and Channel Management Practices6%
7Net Asset Value, Total Expense Ratio and Pricing of units8%
8Taxation4%
9Investor Services15%
10Risk, Return and Performance of Funds7%
11Mutual Fund Scheme Performance7%
12Mutual Fund Scheme Selection15%

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Frequently asked questions

What is the passing mark for NISM Series V-A?: You need 50% to pass NISM-Series-V-A: Mutual Fund Distributors. On a 100-mark paper that is 50 marks.
Is there negative marking in NISM Series V-A?: There is no negative marking, so never leave a question blank — an uncertain guess costs you nothing.
How long is the NISM Series V-A exam?: The exam runs for 120 minutes and carries 100 marks in total.
How long is the NISM Series V-A certificate valid?: NISM certifications are generally valid for 3 years from the date of passing, after which they must be renewed. Confirm the current position on nism.ac.in before your certificate lapses.