NISM V-A Study Material 2026 — Free PDF + Practice Questions
Master NISM V-A with our free Quick Reference Card PDF covering NAV calculations, taxation rules, AMFI codes, and Sharpe ratio formulas essential for exam success. Download instantly—no payment, no hidden fees.
What\'s Inside Your Free NISM V-A Quick Reference Card
Our downloadable PDF condenses the entire NISM V-A syllabus into one easy-to-scan reference guide. It includes NAV calculation formulas, TER (Total Expense Ratio) definitions, Sharpe ratio methodology, and key AMFI code provisions that appear frequently on the exam.
The reference card also covers SIP, SWP, and STP mechanics with real-world examples, LTCG and STCG taxation rules for equity and debt mutual funds, and a pre-exam checklist to ensure you don't miss critical topics on test day.
- NAV formula with step-by-step breakdown
- TER calculation and expense ratio impact
- Sharpe ratio formula and risk-adjusted returns
- SIP, SWP, STP definitions and mechanics
- LTCG/STCG taxation tables for India
- AMFI code ethics and conduct rules
- Exam day checklist and time management tips
Taxation Rules & Formulas at a Glance
Taxation is a high-frequency topic on NISM V-A. Our Quick Reference Card breaks down long-term capital gains (LTCG) and short-term capital gains (STCG) rules for both equity and debt mutual funds with holding period thresholds.
You'll find the exact tax rates, indexation benefit eligibility, and surcharge rules applicable in 2026. This section alone saves hours of manual note-taking and ensures accuracy when answering taxation-heavy questions.
| Fund Type | Holding Period | Gain Type | Tax Rate (approx) |
|---|---|---|---|
| Equity MF | < 1 year | STCG | Add to income slab |
| Equity MF | > 1 year | LTCG | 20% with indexation |
| Debt MF | < 3 years | STCG | Add to income slab |
| Debt MF | > 3 years | LTCG | 20% with indexation |
AMFI Code & SEBI Regulations Summary
AMFI (Association of Mutual Funds in India) code compliance and SEBI directives form the regulatory backbone of NISM V-A. The Quick Reference Card highlights the most-tested AMFI clauses on ethics, disclosure, suitability, and conflict of interest.
You'll also see key SEBI definitions for portfolio rebalancing, risk profiling, KYC (Know Your Customer) requirements, and the ARN (AMFI Registration Number) registration process. Every point is cross-verified against the latest SEBI circular updates.
- AMFI code section numbers and clause descriptions
- Suitability and churning prevention rules
- KYC and NSEIT verification procedures
- Disclosure obligations for MFD (Mutual Fund Distributor)
- Conflict of interest handling protocols
- Trail commission SEBI guidelines
1000+ Practice Questions & Mock Tests Included
Your PDF download also unlocks access to our full library of 1000+ practice questions organized by topic, difficulty level, and exam frequency. Each question includes a detailed explanation referencing SEBI/AMFI rules.
We also offer full-length mock tests on NSEIT and Mettl platforms that mirror the exact exam pattern, time limits, and difficulty distribution. Track your progress, identify weak topics, and build exam confidence before the real test.
- Topic-wise practice: NAV, portfolio theory, taxation, regulation
- Difficulty filter: basic, intermediate, expert level
- Detailed answer keys with SEBI/AMFI rule citations
- Full-length mock tests matching official exam format
- Performance analytics and progress reports
- Video explanations for high-frequency topics