NISM-Series-5D: Mutual Fund - Specialized Investment Fund (SIF) Distributors
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NISM-Series-5D: Mutual Fund - Specialized Investment Fund (SIF) Distributors 1
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Locked - Purchase to UnlockNISM-Series-V-D: Mutual Fund - Specialized Investment Fund Distributors Certification Exam Guide
Overview of NISM-Series-V-D Certification:
The NISM-Series-V-D: Mutual Fund - Specialized Investment Fund Distributors Certification Examination establishes a common minimum knowledge benchmark for individuals involved in selling and distributing Mutual Fund - Specialized Investment Funds (MF-SIF).
Target Audience
This certification is designed for:
- Individual Mutual Fund and Specialized Investment Fund Distributors.
- Employees of organizations engaged in the sales and distribution of SIF.
- Sales and distribution employees of Asset Management Companies (AMCs).
Examination Objectives:
On successful completion of the examination, candidates are expected to demonstrate proficiency in the following core competency areas:
- Mutual Fund Structure & Operations: Basics of mutual funds, their role, legal structure, different scheme categories, features, and operational practices.
- Distribution & Advisory: How schemes are evaluated, distributed, and recommended based on client needs and suitability.
- Equity Derivatives Market: Core concepts of the Indian equity derivatives market, including futures and options trading strategies on individual stocks and indices.
- Fixed Income & Interest Rate Derivatives: Fundamentals of fixed-income instruments, exchange-traded interest rate futures and options, and analytical frameworks for hedging, trading, and arbitrage.
Detailed Assessment Structure:
The examination evaluates candidates through a structured online objective test:
- Total Questions: 150 Multiple Choice Questions (MCQs).
- Maximum Marks: 150 Marks (1 mark per question).
- Duration: 3 Hours (180 minutes).
- Passing Score: 60% (Minimum 90 marks required out of 150).
- Negative Marking: 10% negative marking for wrong answers (0.10 mark deducted per incorrect response).
Comprehensive Index & Chapter Weightage Table:
The course curriculum is divided across 3 modules containing 22 chapters. Below is the index table mapping the chapter numbers, names, and mark allocations:
| Chapter No | Chapter Name | Weightage (marks) |
|---|---|---|
| Module 1 | Mutual Fund Distributors | |
| 1 | Investment Landscape | 5 |
| 2 | Concept & Role of a Mutual Fund | 4 |
| 3 | Legal Structure of Mutual Funds in India | 3 |
| 4 | Legal and Regulatory Framework | 7 |
| 5 | Scheme Related Information | 7 |
| 6 | Fund Distribution and Channel Management Practices | 4 |
| 7 | Net Asset Value, Total Expense Ratio and Pricing of units | 5 |
| 8 | Taxation | 3 |
| 9 | Investor Services | 10 |
| 10 | Risk, Return and Performance of Funds | 5 |
| 11 | Mutual Fund Scheme Performance | 5 |
| 12 | Mutual Fund Scheme Selection | 10 |
| Module 2 | Equity Derivatives | |
| 13 | Basics of Derivatives | 10 |
| 14 | Understanding Index | 5 |
| 15 | Introduction to Forwards and Futures | 15 |
| 16 | Introduction to Options | 13 |
| 17 | Strategies using Equity Futures and Equity Options | 9 |
| Module 3 | Interest Rate Derivatives | |
| 18 | Introduction to Interest Rate, Interest Rate Instruments and Fixed Income Markets | 6 |
| 19 | Interest Rate Derivatives | 2 |
| 20 | Exchange Traded Interest Rate Futures | 10 |
| 21 | Exchange Traded Interest Rate Options | 6 |
| 22 | Strategies using Interest Rate Derivatives | 6 |
| Total | All 22 Chapters | 150 |
Exam Instructions
- Each test contains multiple-choice questions.
- Each test contains up to 100 multiple-choice questions.
- The last test in a series may contain fewer questions if the bank does not divide evenly.
- Navigate freely between questions.
- Submit test to view your results.
- Good luck!
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