The examination is conducted by NISM which is a body established by the Securities Exchange Board of India, the regulator of Securities Markets. With an aim to provide a basic minimum knowledge among Mutual fund advisors or Sales person, this exam was earlier started by AMFI and now conducted by NISM.
It is mandatory exam for selling the mutual funds to an investor. Thus al Banks, brokers and other financal institution keeps clearing this exam as eligibility criteria or atleast insists upon clearing the same either before joining or within first month of joining.
The syllabus covers Evolution of Mutual fund Industry, Different types of mutual fund schemes, suitability of schemes as per investor appetite, methods of calculating returns and risks, regulatry framework in India and basic of financial planning.
The exam contains 100 questions with 1 mark each, which needs to be completed in 2 hours i.e. 120 minutes. There is negative marking also to the extent of 25%. As such for every right answer your will get 1 mark and for every wrong answer 0.25 mark will be deducted from your total score. So it is better to leave a question if you are not sure.
Assessment Structure: Exam Pattern
| DURATION | 120 Minutes |
| NO. OF QUESTIONS | 100 |
| MAXIMUM MARKS | 100 |
| PASS MARK | 50 |
| NEGATIVE MARK | 25% FOR WRONG ANSWERS |
| CERTIFICATE VALIDITY | 3 YEARS |
| EXAM FEES | Rs 1000/- |
Dishagyan.com provides a complete preparatory material on Mutual Funds with Video lessons, Question Bank and Mock tests. The Video lessons makes is very easy to grasp and understand the details in the most convenient manner. For candidates, who already have the understanding of the subject can take up Question Bank. Mutual Funds Question Bank contain Question Bank and 3 Mock tests. This will strengthen your preparation and increase chances to clear the exam in one go. It is always better to opt for such preparation to save on costs and time.
Each time you will appear for exam you need to take date for appearance and pay exam fees again.
