FAQs on NISM - Mutual Fund Certification Exam

1- Who can take NISM-Series-V-A: MFD Certification Examination?
The following persons can take NISM-Series-V-A: MFD Examination:
1.Associated persons including distributors, agents, brokers, sub-brokers or called by any other name, employed or engaged or to be employed or engaged in the sale and/or distribution of mutual fund products.
2.Interested students/professionals (click here to view examination objectives)
3.Any other individuals

2- I have cleared AMFI Mutual Fund (Advisors) Module. Do I need to take the NISM MFD Examination?
If you have already cleared the AMFI Mutual Fund (Advisors) Module and the certificate is still valid, then you need not take the NISM MFD examination.

3- Why AMFI Exam is not there? Why we need to appear in NISM?

• With effect from June 1, 2010, AMFI Mutual Fund Certification program is discontinued. Accordingly, test for AMFI Mutual Fund (Basic) Module and AMFI Mutual Fund (Advisors) Module will not be conducted from June 1, 2010. National Institute of Securities Markets (NISM) would be conducting Mutual Fund Distributors Certification Examination from June 1, 2010 onwards.
• AMFI Refresher Course stands discontinued with effect from June 1, 2010. Consequently the mandate given to Indian Institute of Capital Markets (IICM) and Centre for Education and Learning (CIEL) by AMFI for conducting Refresher Course stands withdrawn. NISM is conducting 'Continuing Professional Education' (CPE) Program for Mutual Fund Distributors from June 1, 2010.

4- How can I register for NISM-Series-V-A: MFD Certification Examination?
Candidates can register with any of the following Test Administrators. Please click on the links to visit their respective websites.
1- Bombay Stock Exchange Ltd. - http://www.bseindia.com/training/nism.asp
2- MCX Stock Exchange - https://nism.mcx-sx.com/
3- National Stock Exchange of India Ltd. - http://www.nseindia.com/content/ncfm...sm_modules.htm
After successful registration, candidates may select a test centre, date and time slot of their choice on the Test Administrator website. Candidates are required to follow further instructions available on the Test Administrator websites.

5- What is the fee structure?
The all inclusive fees for NISM-Series-V-A: MFD Examination is Rupees Thousand only (Rs. 1000/-). No additional payment needs to be made for study material and certificates.

6- What is the assessment structure?
The examination will be of 100 marks, will have 100 questions, and should be completed in 2 hours. There will be negative marking of 25% of the marks assigned to a question. The passing score for the examination is 50%.

7- Is there a study material available for preparing for this examination?
Yes, the workbook is available online on our website. Click Here to Download MFD Workbook. You will also receive a hard copy by courier, after enrolment for this examination. For non-receipt of study material you may contact the respective Test Administrator.

8- I have passed NISM MFD Examination, when will I receive the certificate?
Only the candidates who have produced their Income Tax Permanent Account Number (PAN) during registration would receive the NISM Certificate within two weeks of appearing for the examination.
Candidates who produced other identification proofs would not receive the NISM certificate. They would receive only the temporary mark sheet at the end of the examination.

Source - http://www.nism.ac.in/