NISM Exam Prep Course

NISM Series V-A Certification Training Program

Get exam-ready with AssetPlus Academy. Structured training to clear your NISM exam and launch your MFD career.

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About the Exam

NISM Series V-A: Mutual Fund Distributors
Certification Examination

The mandatory certification required to become a Mutual Fund Distributor (MFD) in India.

Issued By

National Institute of Securities Markets (NISM)

Regulated By

Securities and Exchange Board of India (SEBI)

Who Can Apply

18 years or older · Valid PAN card holder

Exam Pattern

Conducted at a physical exam centre · 2 hours.
100 MCQs · No negative marking, 50% passing score

Syllabus

NISM Series V-A Syllabus Overview

Twelve core modules covering everything you need to clear the exam confidently.

01

Investment Landscape

02

Concept and Role of a Mutual Fund

03

Legal Structure of Mutual Funds in India

04

Legal and Regulatory Framework

05

Scheme Related Information

06

Fund Distribution and Channel Management Practices

07

Net Asset Value, Total Expense Ratio and Pricing of Units

08

Taxation

09

Investor Services

10

Risk, Return and Performance of Funds

11

Mutual Fund Scheme Performance

12

Mutual Fund Scheme Selection

Study Model

Flexible Training Formats to Fit Your Schedule

Choose how you want to learn. All formats are designed to get you exam-ready.

Most Popular

Live Online Sessions

Attend interactive classes from anywhere. Ask questions in real time and learn from expert instructors without leaving home.

Classroom

In-Person Offline Training

Learn through instructor-led offline sessions. Ideal for hands-on learners who prefer a structured classroom environment.

Flexible

Self-Paced Learning

Access video-based classes and NISM study materials on your own schedule. Learn at your own pace, whenever it suits you.

Beyond Exam Preparation

Practical knowledge. Stronger MFD practice.

With AssetPlus Academy learning doesn't stop at the exam.

MFD Growth Masterclass Series

Masterclass

Deep-dive sessions on building and growing your MFD practice, from getting your first client to scaling your AUM.

Webinars

Live

Regular live webinars on mutual fund concepts, market trends, and distribution strategies with industry experts.

Beginner Friendly Tools

Hands-on

Hands-on walkthroughs of the AssetPlus MFD platform, learn the tools that top distributors use every day.

Success Toolkits

Resources

Curated resources, checklists, and templates to help you set up, manage, and grow your distribution business.

Explore Other Courses

Continue Your Learning Journey

Once you clear NISM V-A, advance with specialized certifications for more opportunities.

SIF

NISM Series V-D

Add Specialised Investment Funds (SIFs), offer advanced investment solutions to your clients.

PMS

NISM Series XXI-A

Qualify to distribute Portfolio Management Services (PMS) and serve HNI clients.

Learn Beyond the Classroom

Content Built to Sharpen Your Skills

Resources specifically designed for NISM V-A candidates and aspiring MFDs.

Video Series

HarGhar MFD Videos

Short videos that simplify mutual fund concepts. Perfect for quick learning on the go.

Visit HarGhar MFD
Recorded

AssetPlus Academy Sessions

Recorded masterclasses, trainer sessions, webinars, and resources — all in one place.

Browse Sessions
Articles

Industry Insights

Articles, guides, and practical resources to help you stay ahead as an MFD.

Read Articles
Hear From Our Learners

Join Thousands Who Started Their MFD Journey

★★★★★

“A big thank you to the entire AssetPlus Academy team for conducting such an excellent and insightful 2-day training program. The sessions were highly informative, practical, and engaging. Your guidance, knowledge, and efforts have added great value to our learning and professional development. Thanks again to the entire AssetPlus Academy team for the best training experience!”

Training Participant · 2-Day Workshop
★★★★★

“The two-day journey with Assets Plus was truly wonderful and enriching. Thank you so much for the excellent training, warm hospitality, and for serving everyone with such a generous heart. God bless you abundantly and continue to use you for His glory.”

Workshop Attendee · 2-Day Training Program
★★★★★

“A heartfelt thank you to the entire AssetPlus Academy team for an outstanding and enriching 2-day training program. The sessions were thoughtfully designed, highly practical, and truly engaging. The expertise shared, along with the guidance and dedication of the trainer, made the entire learning experience extremely valuable and meaningful. I sincerely appreciate the efforts of the entire team in making the program so informative and impactful. Thank you once again for a wonderful training experience!”

Academy Learner · 2-Day Workshop
Take the First Step

Become a Certified Mutual Fund Distributor

Learn · Apply · Grow

Start your NISM Series V-A preparation with AssetPlus Academy, expert-led, completely free.

Have Questions?

We've Got Answers.

Everything you need to know about NISM Series V-A.

What is NISM Series V-A Certification?
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NISM Series V-A is the mandatory certification for individuals who want to become Mutual Fund Distributors (MFDs) in India. The certification covers mutual fund concepts, regulations, taxation, investor services, and financial planning, and is the first step towards obtaining an AMFI Registration Number (ARN).

Is NISM Series V-A mandatory for Mutual Fund Distributors?
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Yes. Clearing the NISM Series V-A Certification is mandatory before applying for an AMFI Registration Number (ARN), which authorizes individuals to distribute mutual funds in India.

Who can take the NISM Series V-A exam?
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Anyone who is 18 years or older and holds a valid PAN card can take the NISM Series V-A exam. It is suitable for graduates, working professionals, bankers, insurance professionals, entrepreneurs, homemakers, retirees, and anyone aspiring to become a Mutual Fund Distributor (MFD).

Do I need a finance background to prepare for NISM Series V-A?
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No. A finance background is not required to prepare for NISM V-A or to become an MFD. The NISM Series V-A syllabus starts with the fundamentals of mutual funds, making it suitable for beginners as well as professionals looking to enter the mutual fund industry.

How difficult is the NISM Series V-A exam?
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The exam is designed to test your understanding of mutual fund distribution. It covers a common minimum knowledge standard required for mutual fund distribution. With structured preparation, the official NISM study material, mock tests, and guided training, candidates can prepare for the exam confidently.

What is the NISM Series V-A exam pattern?
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The NISM Series V-A exam consists of 100 multiple-choice questions, carrying 1 mark each. The duration is 2 hours, and candidates must score 50 out of 100 marks (50%) to pass. There is no negative marking, so every question can be attempted.

How long is the NISM Series V-A certification valid?
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The NISM Series V-A Certification is valid for three years from the date of passing the examination. To continue distributing mutual funds, the certification must be renewed before expiry.

How do I renew my NISM Series V-A certification?
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You can renew your certification before it expires by completing the Continuing Professional Education (CPE) programme or by clearing the NISM Series V-A examination again, as per the applicable NISM and AMFI guidelines.

What is an ARN?
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An AMFI Registration Number (ARN) is the registration required to distribute mutual funds in India. After clearing the NISM Series V-A Certification and completing the required registration formalities, eligible candidates can apply for an ARN.

Can I prepare for the NISM Series V-A exam online?
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Yes. AssetPlus Academy offers multiple learning options, including NISM online training, live instructor-led classes, self-paced NISM courses, recorded classes, and offline classroom training, allowing you to prepare in the format that best suits your schedule.

What is the fee for NISM V-A training program?
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All the training programs conducted by AssetPlus Academy are totally free. However, learners need to pay the exam fee charged by AMFI for certification tests and the ARN fee for ARN registration. For NISM V-A, the Exam Fee is ₹1500+ and the ARN Fee is ₹3000+.

How is the exam conducted?
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The exam is conducted at a physical exam centre. It is a computer based exam of 100 marks, with a total 100 multiple choice questions, no negative marking and 50% pass percentage.