NISM Series V-A — Mutual Fund Distributors — Free Online Mock Test
Mutual Fund Distributors certification. MCQ on fund structure, NAV, SEBI regulations, distribution, and taxation. Pass at 50%. · Official language: English & Hindi.
Foundation
India
Finance & Professional
55 questions
90 min
50 distinct variants
Start free practice test →
NISM Series V-A exam at a glance
NISM Series V-A section breakdown
The NISM Series V-A mock test on Wrexa Edge replicates the real exam's section structure — same names, same question count per section, same time limits. No inter-section breaks — the timer runs continuously.
NISM Series V-A scoring & marking scheme
100–1000
Scaled score range
Strategy: NISM Series V-A has no negative marking. Attempt every question — blank answers cost you potential marks but cannot pull your score down.
Scale: NISM V-A (Pass at 50%).
How NISM Series V-A is conducted
Mode
Proctored — Wrexa Edge mirrors this with a webcam-based proctoring flow (face detection, room scan, fullscreen lock, tab-switch detection).
Test format
Linear / fixed-form — every candidate sees the same number of questions per section.
Backtracking
Allowed — you can revisit and change answers within a section.
Mark for review
Available — flag tough questions and return to them before submitting the section.
NISM Series V-A time strategy
With 55 questions in 90 minutes, you have about 98 seconds per question on average. Successful candidates aim for the following pacing on each section:
NISM V-A — Full Exam (55 Q)
Target ~98 sec/question. If a question takes more than 147 seconds, mark for review and move on.
Wrexa Edge's analytics show your actual time-per-question after every mock so you can spot which sections you're losing time on.
NISM Series V-A topics covered
Across the 50 Wrexa Edge variants of NISM Series V-A, the following topics appear most often (sample distribution from one variant):
NISM V-A — Full Exam (55 Q)
- NISM — Categories · 11
- NISM — Taxation · 5
- NISM — Structure · 5
- NISM — Fees · 4
- NISM — Debt Funds · 4
- NISM — Performance · 3
- NISM — Disclosure · 3
- NISM — SIP/SWP · 3
Sample NISM Series V-A questions
A preview of real practice questions from the Wrexa Edge NISM Series V-A bank — the same style, phrasing and difficulty you'll face on test day. Full solutions unlock free inside the mock.
NISM V-A — Full Exam (55 Q) · NISM — Performance
Q1. The "total return index" (TRI) used as a benchmark includes:
Why: Correct answer: D — Both price appreciation and dividends reinvested. Topic: NISM — Performance.
NISM V-A — Full Exam (55 Q) · NISM — Categories
Q2. A multi-cap fund must invest a minimum in each of large, mid, and small caps of:
Why: Correct answer: A — 25% each (per SEBI norms). Topic: NISM — Categories.
NISM V-A — Full Exam (55 Q) · NISM — Taxation
Q3. Switching between two schemes of the same fund house is treated for tax as:
Why: Correct answer: B — A redemption and a fresh purchase (taxable event). Topic: NISM — Taxation.
NISM V-A — Full Exam (55 Q) · NISM — Advisory
Q4. The investor’s "risk profiling" by a distributor helps to:
Why: Correct answer: C — Recommend schemes suited to the investor’s risk appetite and goals. Topic: NISM — Advisory.
NISM V-A — Full Exam (55 Q) · NISM — Ethics
Q5. Mis-selling of mutual funds is:
Why: Correct answer: D — Recommending unsuitable products, prohibited under SEBI/AMFI code of conduct. Topic: NISM — Ethics.
NISM V-A — Full Exam (55 Q) · NISM — Regulation
Q6. SEBI regulates mutual funds in India under:
Why: Correct answer: A — SEBI (Mutual Funds) Regulations, 1996. Topic: NISM — Regulation.
These are a handful of the 2750 unique NISM Series V-A questions across all 50 Wrexa Edge variants — start a free mock to attempt the full set with instant scoring.
NISM Series V-A difficulty calibration
Foundation tier. Foundation-level: covers core concepts taught up to high school. Suitable for first-time test takers.
Mutual Fund Distributors certification. MCQ on fund structure, NAV, SEBI regulations, distribution, and taxation. Pass at 50%. · Official language: English & Hindi.
Verified content — Wrexa Edge's NISM Series V-A bank has been deeply curated with real exam-aligned content (estimated 100% syllabus coverage).
How Wrexa Edge prepares you for NISM Series V-A
Real test-day interface
Our cert skin mirrors the actual NISM Series V-A testing software — same timer, palette, tools, and navigation.
50 distinct variants
2750 unique practice questions, each variant a fresh test — not just shuffled options.
Detailed analytics
Scaled score, section accuracy, topic-wise heatmap, time-per-question — see where to focus after every attempt.
Spaced repetition (Notebook)
Wrong answers and flagged questions flow into an SM-2 spaced-repetition deck so you actually retain what you learn.
Optional proctoring
Browser-based face-api detection (no install) — turn it on to simulate real NISM Series V-A test-day conditions.
Free to start
No credit card. Sign up, pick a variant, and your first NISM Series V-A mock starts in under a minute.
NISM Series V-A study plan
A phase-by-phase roadmap from your first concept to test-ready. Stretch or compress each phase to fit the time you have before your attempt.
1
Phase 1 — Learn the syllabus
Weeks 1–4
- Work through every section — NISM V-A — Full Exam (55 Q) — from your core study material
- Make short notes and a formula/fact sheet you can revise quickly
- Attempt topic questions right after finishing each area
2
Phase 2 — Practice & sectionals
Weeks 5–8
- Solve previous-year and practice questions section by section
- Time yourself on NISM V-A — Full Exam (55 Q) and your weakest areas
- Keep an error log and revisit every mistake weekly
3
Phase 3 — Full-length mocks
Weeks 9–12
- Take full-length NISM Series V-A mocks in the real test interface
- Analyse accuracy, time per question and silly mistakes after each mock
- Revise from notes and re-attempt only weak-topic questions
Where NISM Series V-A can take you
A strong NISM Series V-A result opens up these careers and higher-study paths:
Banking & financial services
Roles across retail and corporate banking, insurance and non-banking financial companies.
Accounting, audit & analysis
Positions in audit, taxation, financial analysis and advisory at firms and corporates.
Professional designation path
A stepping stone toward advanced qualifications and senior finance and consulting roles.
Frequently asked questions
- What is the NISM Series V-A exam pattern?
- NISM Series V-A — Mutual Fund Distributors contains 55 questions across 1 section: NISM V-A — Full Exam (55 Q). Total duration is 90 minutes (about 98 seconds per question).
- Does NISM Series V-A have negative marking?
- No — NISM Series V-A has no negative marking. Each correct answer is worth 1 mark, so attempt every question.
- How is NISM Series V-A scored?
- Scaled score range: 100 to 1000. NISM V-A (Pass at 50%).
- How can I practise NISM Series V-A online for free?
- Wrexa Edge gives you 10 free full-length NISM Series V-A mock tests — with instant scoring, detailed explanations and analytics — plus 40 more with Pro. Start practising in under a minute, no card required.
- What is the difficulty level of NISM Series V-A?
- NISM Series V-A is rated Foundation difficulty on Wrexa Edge. Foundation-level: covers core concepts taught up to high school. Suitable for first-time test takers. Mutual Fund Distributors certification. MCQ on fund structure, NAV, SEBI regulations, distribution, and taxation. Pass at 50%. · Official language: English & Hindi.
- How long is the NISM Series V-A exam?
- NISM Series V-A runs for 90 minutes total. On Wrexa Edge the timer is enforced exactly as on the real exam — including no inter-section breaks.
- What topics are covered in NISM Series V-A?
- NISM Series V-A is split into: NISM V-A — Full Exam (55 Q). Each section is timed and weighted separately. Mutual Fund Distributors certification. MCQ on fund structure, NAV, SEBI regulations, distribution, and taxation. Pass at 50%. · Official language: English & Hindi.
- What tools or aids are allowed during NISM Series V-A?
- No special tools are required. Note: real exam is proctored — Wrexa Edge mirrors this with a webcam-based proctoring flow you can enable.
- Is the NISM Series V-A test adaptive?
- No — NISM Series V-A is a fixed-form (linear) test. Every candidate sees the same number of questions per section.
- How many NISM Series V-A mock tests does Wrexa Edge offer?
- Wrexa Edge generates 50 distinct NISM Series V-A variants — each with different question content, not just shuffled options — the first 10 free for everyone and 40 more with Pro. That's 2750 unique practice questions in the real test-day interface.
- Is there a free NISM Series V-A test series 2026?
- Yes. The Wrexa Edge NISM Series V-A test series for 2026 gives you 10 free full-length mock tests (50 in total) plus subject-wise and topic-wise tests — instant scoring and detailed analysis, no card required.
- Are NISM Series V-A previous year question–style papers included?
- Every NISM Series V-A mock is modelled on the official exam pattern and the style of previous years' papers — the same 55-question structure, sections and marking — so your practice mirrors the real paper you'll sit.
- Which is the best free NISM Series V-A mock test online?
- Wrexa Edge's NISM Series V-A mock test replicates the real exam interface, timing and marking scheme, with instant score, section-wise analysis and 50 fresh variants — a strong free choice for 2026 preparation.
- Can I take the NISM Series V-A mock test on mobile?
- Yes. NISM Series V-A mock tests run in any browser on mobile, tablet or desktop — no app or download needed. Start on your phone and your progress and analytics sync when you sign in.
- What is the NISM Series V-A syllabus?
- The NISM Series V-A syllabus maps to its 1 section: NISM V-A — Full Exam (55 Q). Wrexa Edge's mock tests cover the complete syllabus topic by topic — see the topics-covered breakdown above — so you practise every area at real exam difficulty.
- What is the eligibility for NISM Series V-A?
- Eligibility for NISM Series V-A — age, qualification and number of attempts — is set by the official conducting body and can change each cycle, so always confirm the current official notification before applying. Wrexa Edge focuses on realistic NISM Series V-A practice: 10 free full-length mocks in the exact exam pattern, ready whenever you are.
- When is the NISM Series V-A exam and how should I prepare?
- Official NISM Series V-A exam dates are announced by the conducting body for each cycle — check the latest notification for the current schedule. To be ready, follow a phased study plan and take full-length timed mocks; Wrexa Edge gives you 10 free NISM Series V-A mocks with instant scoring so you can track your readiness week by week.
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