Mutual Fund Distributors — mock test
The entry certificate for every mutual fund distributor in India — needed for your ARN.
Free · no sign-up · 2 hours for the full paper · 200 original questions in the bank
The exam at a glance
The mock is set to the same pattern.
Questions
100
100 marks
Duration
2 hours
Pass mark
50 / 100
50%
Negative marking
None
Wrong answers cost nothing
Certificate validity
3 years
Exam fee
₹1,500 + taxes
Charged by NISM
Syllabus and chapter weightage
Marks per chapter as published by NISM. The mock paper draws exactly this many marks from each chapter.
- 01Investment Landscape8marks
- 02Concept & Role of a Mutual Fund6marks
- 03Legal Structure of Mutual Funds in India4marks
- 04Legal and Regulatory Framework10marks
- 05Scheme Related Information10marks
- 06Fund Distribution and Channel Management Practices6marks
- 07Net Asset Value, Total Expense Ratio and Pricing of Units8marks
- 08Taxation4marks
- 09Investor Services15marks
- 10Risk, Return and Performance of Funds7marks
- 11Mutual Fund Scheme Performance7marks
- 12Mutual Fund Scheme Selection15marks
Questions candidates ask
What is the pattern of the NISM-Series-V-A exam?
100 multiple-choice questions carrying 100 marks, to be completed in 2 hours.
What is the pass mark for NISM-Series-V-A?
50 marks out of 100 (50%). The certificate is valid for 3 years.
Is there negative marking in NISM-Series-V-A?
No. NISM does not deduct marks for wrong answers in this exam, so it never costs you anything to attempt a question — and this mock is scored the same way.
Are these the real NISM exam questions?
No. NISM’s question bank is confidential. Every question here is original, written for practice against NISM’s published syllabus and chapter weightages. Use it to test your understanding — the NISM workbook remains the primary study material.
Do I need to sign up, and is it free?
It is free and there is no sign-up. Your attempts, mistake notebook and progress are stored only in your own browser, on your own device.
Where these exam facts come from
The pattern, pass mark and chapter weightages above were checked against NISM’s own published details on 21 September 2026. NISM can revise an exam at any time — confirm the current rules on the official pages before you register:
Independent study aid — not affiliated with, or endorsed by, NISM or SEBI. All questions are original and written for practice; none is taken from NISM’s question bank. A mock score is a guide to your preparation, not a prediction of your exam result.