NISM Professor
NISM Series V-D

Mutual Fund — Specialized Investment Fund Distributors

For distributors of Specialized Investment Funds, the newer category sitting between mutual funds and PMS. A longer three-hour paper with lighter 10% negative marking.

Exam pattern

Duration
180 min
Total marks
150
Pass mark
60% (90)
Negative marking
10%

There is negative marking of 10% of the marks for that question, so a wrong answer costs you 0.10 marks on a 1-mark question. Guess only when you can eliminate at least two options.

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.

  1. 1Investment Landscape3%
  2. 2Concept & Role of a Mutual Fund3%
  3. 3Legal Structure of Mutual Funds in India2%
  4. 4Legal and Regulatory Framework5%
  5. 5Scheme Related Information5%
  6. 6Fund Distribution and Channel Management Practices3%
  7. 7Net Asset Value, Total Expense Ratio and Pricing of units3%
  8. 8Taxation2%
  9. 9Investor Services7%
  10. 10Risk, Return and Performance of Funds3%
  11. 11Mutual Fund Scheme Performance3%
  12. 12Mutual Fund Scheme Selection7%
  13. 13Basics of Derivatives7%
  14. 14Understanding Index3%
  15. 15Introduction to Forwards and Futures10%
  16. 16Introduction to Options9%
  17. 17Strategies using Equity Futures and Equity Options6%
  18. 18Introduction to Interest Rate, Interest Rate Instruments and Fixed Income Markets4%
  19. 19Interest Rate Derivatives1%
  20. 20Exchange Traded Interest Rate Futures7%
  21. 21Exchange Traded Interest Rate Options4%
  22. 22Strategies using Interest Rate Derivatives4%

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Frequently asked questions

What is the passing mark for NISM Series V-D?
You need 60% to pass NISM-Series-V-D: Mutual Fund — Specialized Investment Fund Distributors. On a 150-mark paper that is 90 marks.
Is there negative marking in NISM Series V-D?
There is negative marking of 10% of the marks for that question, so a wrong answer costs you 0.10 marks on a 1-mark question. Guess only when you can eliminate at least two options.
How long is the NISM Series V-D exam?
The exam runs for 180 minutes and carries 150 marks in total.
How long is the NISM Series V-D 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.