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V-A
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NISM Series V-A
Mutual Fund Distributor Certification
Questions
1,000
Mock Tests
5
Pass Mark
50%
Negative Marking
−0.25
Pass Rate
74%
Passlane students
58%
National average
+16pp
above average
Chapter Breakdown
Chapter 4 - Legal and Regulatory Framework
120 QChapter 2 - Concept and Role of a Mutual Fund
100 QChapter 6 - Fund Distribution and Channel Management
100 QChapter 5 - Scheme Related Information
100 QChapter 10 - Risk, Return and Performance of Funds
100 QChapter 9 - Investor Services
80 QChapter 3 - Legal Structure of Mutual Funds in India
80 QChapter 8 - Taxation
80 QChapter 7 - Net Asset Value, Total Expense Ratio and Pricing of Units
80 QChapter 11 - Scheme PerformanceHigh weight
60 QChapter 1 - Investment Landscape
50 QChapter 12 - Selecting the Right Scheme
30 QChapter 1 - Concept and Role of a Mutual Fund
5 QChapter 2 - Fund Structure and Constituents
3 QChapter 3 - Legal and Regulatory Environment
3 QChapter 5 - Fund Distribution and Channel Management Practices
3 QChapter 6 - Accounting, Valuation and Taxation
3 QChapter 7 - Investor Services
2 QChapter 4 - Offer Document
1 QMock Test Structure
100
Questions
2 hrs
Duration
−0.25
Negative
50%
Pass mark
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Feb 2026