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Thread: Are NRIs allowed to give the NISM Mutual fund distributors exam?

  1. #1
    NewBie
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    Default Are NRIs allowed to give the NISM Mutual fund distributors exam?

    I am an NRI residing in the U.S for several years. I would like to get mutual fund certification.

    I have a PAN card. Am I eligible to get the mutual fund certification?



  2. #2
    PolicyWala Fan
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    As per NISM website - "Any person holding a certificate for clearing the NISM or AMFI certification examination/ AMFI refresher course/ NISM CPE, as per SEBI mandate, and where the validity of such certificate has not expired may appear for CPE." So NRIs can also appear.

  3. #3
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    Read NISM FAQ here

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    Quote Originally Posted by Arvind kumar View Post
    As per NISM website - "Any person holding a certificate for clearing the NISM or AMFI certification examination/ AMFI refresher course/ NISM CPE, as per SEBI mandate, and where the validity of such certificate has not expired may appear for CPE." So NRIs can also appear.
    What certificate should I hold before appearing at the exam? Do I need to take a refresher course first?

  5. #5
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    You need to hold following certificates -
    1- NISM or AMFI certification examination
    2- AMFI refresher course or
    3- NISM CPE

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    Quote Originally Posted by Aman View Post
    You need to hold following certificates -
    1- NISM or AMFI certification examination
    2- AMFI refresher course or
    3- NISM CPE
    Can you please let me know what is the procedure for getting these 3 items?
    I was under the impression anyone can register for the MF distributor exam and whoever passes the exam can get a certificate. The certificate can be used to get appointment from any AMC. Obviously I am wrong.

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    PW Stalwart Manish_Kumar's Avatar
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    Everyone has a scheme of getting rich.. Which never works.

  8. #8
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    If I pass the NISM V MF exam will this be sufficient for becoming a MF distribtuor?
    Or do I still need to pass the AMFI MF cert exam?

  9. #9
    Super Moderator PolicyWala's Avatar
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    Quote Originally Posted by gopinathpc View Post
    If I pass the NISM V MF exam will this be sufficient for becoming a MF distribtuor?
    Or do I still need to pass the AMFI MF cert exam?
    AMFI no more conducts any MFs related examination. You have to pass NISM V-A MFD exam.

  10. #10
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    Quote Originally Posted by PolicyWala View Post
    AMFI no more conducts any MFs related examination. You have to pass NISM V-A MFD exam.
    Thanks for the confirmation. I am planning to give the NISM exam at Hyderabad in Dec when I visit India. So, for this, I need to do the following -
    1 Reigster and enrol for the NISM MF V exam by paying Rs 10000 at the NSE website
    2. Give the exam
    3. After passing the exam, send the certificate to AMC's for appointment
    Is this correct?


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