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NISM Series V-A

Mutual Fund Distributor Certification

Questions

20

Mock Tests

5

Pass Mark

50%

Negative Marking

−0.25

Pass Rate

74%

Passlane students

58%

National average

+16pp

above average

Chapter Breakdown

Chapter 1 - Concept and Role of a Mutual Fund
5 Q
Chapter 2 - Fund Structure and Constituents
3 Q
Chapter 3 - Legal and Regulatory Environment
3 Q
Chapter 5 - Fund Distribution and Channel Management Practices
3 Q
Chapter 6 - Accounting, Valuation and Taxation
3 Q
Chapter 7 - Investor Services
2 Q
Chapter 4 - Offer Document
1 Q

Mock Test Structure

100

Questions

2 hrs

Duration

−0.25

Negative

50%

Pass mark

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Priya S. · Jaipur74%
Jan 2026
Rahul M. · Nagpur81%
Feb 2026