NISM VA Mock Test 2023 is an online practice test that simulates the actual exam environment and tests your knowledge of mutual fund distribution concepts. If you’re a mutual fund distributor or aspiring to become one, passing the NISM VA Mutual Fund Distributor Certification Exam is an essential step towards building a successful career in the financial services industry.
NISM VA Mock Test 2023 : Mutual Fund Distributors Mock Test 2023
NISM (National Institute of Securities Market) V-A: Mutual Fund Distributors Certification Exam is inevitable for anybody who aspires to start their own mutual fund distribution business. The NISM V – A: Mutual Fund Distributors Certification often acts like a prerequisite for Bank Employees and Employees of Stock Broking Companies, etc. Candidates of all ages can apply for this certificate and kick-start their career in mutual fund distribution.
This examination came into existence in 2010 and since then it is being updated regularly according to the regulatory changes. Mutual Funds have attained a greater demand nowadays and many people are wishing to start their career in mutual fund distribution as it is offering good credit. One should attend NISM V – A: Mutual Fund Distributors Certification Exam to be eligible to become a mutual fund distributor. The certificate is valid for 3 years. After 3 years, candidates have to appear again for the exam to continue with their job.
NISM V – A: Mutual Fund Distributors certification exam is conducted by the National Institute of Securities Market to create a minimum knowledge about the mutual funds in all the aspirants. The objective of the NISM V – A: Mutual Fund Distributors Certification Exam is to make candidates acquainted with the mutual fund’s investment and also guides in developing long term relationships with the clients.
By attending NISM V – A: Mutual Fund Distributors Certification Exam, candidates will be able to get acquainted with all the required information about mutual funds and it helps in grooming knowledge further. This NISM V – A: Mutual Fund Distributors Certification Exam offers a clear understanding of the policies and schemes of the Government related to mutual funds.
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NISM VA – Mutual Fund Mock Test / NISM Series 5 A Question Bank
In all a total of more than 600 VERY IMPORTANT Q&As to make your preparations complete. Mock Test Channel has provided explainations for almost every answer so that you understand them and remember the answers easily. Also detailed step by step solutions are provided to the mathematical problems. The Question Bank of NISM Mutual Fund has been updated as per NISM 2023 syllabus. The subscription cost is Rs 499.
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The objective behind the NISM V – A: Mutual Fund Distributors Exam
The purpose of the NISM Series V-A: Mutual Fund Distributors Examination is to establish a minimum knowledge level for all people involved in selling and distributing mutual funds, such as:
Distributors of individual mutual funds.
Employees who work for companies that sell and distribute mutual funds.
Employees of asset management firms, particularly those involved in mutual fund sales and distribution.
The NISM Series V-A Certification program aims to strengthen the mutual fund industry’s sales, distribution, and related support services.
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The syllabus of NISM V – A: Mutual Fund Distributors includes Investment Landscape, Legal Structure of Mutual Fund in India Legal and Regulatory framework, Concept And Role Of A Mutual Fund, Scheme related Information, Taxation, Net Asset Value, Total Expense Ratio and Pricing Units, Investor Services, Fund Distribution and Channel Management Practices, Mutual Fund Scheme Performances, Risk, Return and Performance of Funds, Mutual and Fund Scheme Selection.
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NISM VA Mock Test 2023 Mock Test: Mutual Fund Distributors 2023 Details
In this part of the article, you will get to know all the factual data about the NISM V – A: Mutual Fund Distributors Exam. The details include exam pattern, syllabus, eligibility, and other important information about the NISM V – A: Mutual Fund Distributors exam.
NISM V – A: Mutual Fund Distributors Exam Dates 2023
Exam is held throughout the year for the dates visit www.nism.ac.in
NISM V – A: Mutual Fund Distributors Application Details 2023
Before applying candidates need to register themselves by going to the official website with a valid Email ID .After registration, candidates get information through mail and can apply with essential information and data .Candidates should pay the fee through online mode and can pay by using Debit or Credit or Rupay Card
Category – For all the candidates
Fee- Rs 1500
NISM VA Mock Test 2023 Mock Test : Mutual Fund Distributors Eligibility 2023
Educational Qualifications – No Educational qualifications are prescribed by the NISM to apply for this.
Age – Candidates of all ages who have an interest in mutual funds can apply for this.
NISM VA Mock Test 2023 Mock Test : Mutual Fund Distributors Syllabus 2023
Investment Landscape – Understand the parameters of the Indian Economy, Understand Savings and Investment, Discuss Different Asset Classes, Understand the classification of Investment Risks, Describe Investors and their Financial Goals, Explain Risk Measure and Management Strategies, Understand Risk Profiling, Explain the Asset Allocation, Comparison between the two approaches, Do-it-yourself and Taking Professional Help, Understand Behavioral Biases in Investment Decision Making.
Concept & Role of a Mutual Fund – Explain the concept of the mutual fund, Describe the Growth of the mutual fund industry in India, Understand the classifications of mutual funds.
Legal Structure of Mutual Funds in India – Describe the structure of mutual funds in India, Understand the key constituents of Mutual Funds, Understand the role and support functions of service providers of mutual funds, Explain the Role and Function of AMFI, Understand the organizational structure of Asset Management Company.
Legal and Regulatory Framework – Describe the role of regulators in India, and Redressal standards (Explain about SCORES), Discuss the role of the Securities and Exchange Board of India, Know the Due Diligence process followed by AMCs for distributors of mutual funds, Explain Investor Grievance, Understand AMFI Code of conduct for Intermediaries.
Scheme Related Information – Understanding the Mandatory Documents and their purpose, objective, and significance, Explain the Non-Mandatory Disclosures.
Fund Distribution and Channel Management Practices – Understand the classification of mutual fund distributors, Explain the modes of distribution, Know the Commission Disclosure mandated by SEBI, Discuss Nomination facilities to Agents / Distributors and Payment of Commission to Nominee, Explain Revenue for a mutual fund distributor, Explain the role and importance of mutual fund distributors, Understand the Prerequisites to become Distributor of the Mutual Fund, Explain the Due Diligence Process by AMCs for Distributors of Mutual Funds, Explain about a change of distributor.
Net Asset Value, Total Expense Ratio, and Pricing of Units – Discuss the Fair Valuation Principles, Know about the Key Accounting and Reporting Requirements applicable to mutual funds, Explain about Dividends & Distributable Reserves, Know about the Concept of Entry and Exit Load and its impact on NAV, Know about the NAV, Total expense ratio and pricing of units for the Segregated Portfolio, Compute net assets of a mutual fund scheme and NAV.
Taxation – Understand about Capital gains, Capital gains (Long term & Short term) tax, and Indexation, Understand Applicability of various taxes in respect of mutual funds, Understand about the Dividend Income and Dividend Income tax, Understand the basics of Setting off Gains and Losses under Income Tax Act, Understand about Securities Transaction Tax, Understand the difference between dividend distribution tax and capital gains tax, Understand about Tax benefit under Section 80C of the Income Tax Act for investment about mutual funds, Understand Applicability of GST in mutual funds, Understand about Tax DMock Test Channelcted at Source (TDS) in mutual funds.
Investor Services Describe the NFO Process – Explain about the New Fund Offer Price /On-going price for a subscription, Explain Cut-off time and Time Stamping, Explain how the mutual fund units are allotted to the investor, Describe different types of Mutual Fund Investors, Discuss Different types of investment plans and options, Explain how to fill in the application form for mutual funds, Describe the financial transactions with mutual funds (Purchase, Redemption and Switches).
Explain the different types of systematic transactions, Explain operational aspects of systematic transactions, Describe the KYC requirement for mutual fund investors, Explain Non – Financial Transactions in Mutual Funds, Discuss the change in Status of Special Investor Categories, Describe the content and periodicity of Statement of Accounts for investments, Explain Investor Transactions – turnaround times.
Risk, Return, and Performance of funds – Understand the General and Specific Risk Factors, Explain the Factors that affect mutual fund performance, Know about the SEBI norms regarding the representation of returns by mutual funds in India, Describe Drivers of Returns and Risk in mutual fund Scheme, Explain risks in fund investing with a focus on investors, Understand the Measures of Returns, Understand the Measures of Risk, Explain certain provisions concerning Credit risk.
Mutual Fund Scheme Performance – Compare Price Return Index and Total Return Index, Identify the Basis of choosing an appropriate performance benchmark, Explain Quantitative Measures of Fund Manager Performance, Describe the use of market benchmarks to evaluate Equity Fund Performance, Define Tracking Error, Explain the concept of Benchmarks, Describe the use of market benchmarks to evaluate Debt Fund Performance, Understand the different Sources for disclosure of scheme performance ( AMFI Scheme documents, and AMC website and Fund Fact Sheet).
Mutual Fund Scheme Selection – Explain Scheme Selection based on Investor needs, Explain Risk Levels in mutual fund schemes, Explain Scheme Selection based on the investment strategy of mutual funds, Know about Do’s and Don’ts while selecting mutual fund schemes, preferences, and risk-profile, Explain Selection of Mutual Fund scheme offered by different AMCs or within the scheme category, Know about selecting options in mutual fund schemes.
NISM VA Mock Test 2023 Mock Test: Mutual Fund Distributors Exam Pattern 2023
Specification Details
Mode Of Examination – Online
Total number of questions – 100
Total Marks – 100
Type Of Questions – Objective
Time – 120 minutes
Negative Marks – nilN
NISM V – A: Mutual Fund Distributors Important Dates 2023
Exam is held throughout the year for the dates visit www.nism.ac.in
NISM V – A: Mutual Fund Distributors Exam Results 2023
For the results, candidates need to check the official website after the exam. Candidates need to get a total of 50 marks to get NISM V – A: Mutual Fund Distributors Certificate.
NISM VA Mock Test 2023 Mock Test : Mutual Fund Distributors Other Important Information 2023
The certificate is valid for 3 years. Moreover, certificates will be issued to candidates who score more or equal to 50. Furthermore, passing candidates must update Tax Permanent Account Number to (PAN) in their registration details to get a certificate to be issued.
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We wish you all the best for your NISM Mutual Fund Distributor Exam. The most expected NISM VA Mock Test 2023 mock test questions are available in this test series. Feel free to contact in case you need any assistance.
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