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.
NISM Series V-A exam at a glance
NISM Series V-A full-length mock tests
Attempt 50 full-length NISM Series V-A mock tests, each a distinct question set built on the real 55-question, 90-minute pattern — with instant scoring and section-wise analysis. The first 3 are free.
NISM Series V-A key facts & eligibility
| Conducting body | The National Institute of Securities Markets (NISM), established by SEBI. |
|---|---|
| Official website | nism.ac.in ↗ |
| Mode | A computer-based exam of 100 one-mark multiple-choice questions in 2 hours. |
| Frequency | On demand at NISM-authorised test centres across India. |
| Scoring & marking | 100 one-mark multiple-choice questions; you need 50% to pass, and there is no negative marking. Covers mutual fund concepts, structure and regulation, fund distribution and services, NAV and valuation, taxation, and investor protection. |
| Score validity | The certificate is valid for 3 years (renewable via CPE or re-examination). |
| Language | English and several Indian languages. |
Who is eligible for NISM Series V-A?
Open to anyone; the certification is mandatory under SEBI rules to work as a mutual fund distributor (or as staff engaged in selling/marketing mutual funds) in India.
Last verified July 2026 against NISM — Mutual Fund Distributors (Series V-A). Always confirm current details on the official website before you register.
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.
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NISM V-A — Full Exam (55 Q)
NISM Series V-A scoring & marking scheme
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
- Test format
- Backtracking
- Mark for review
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)
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 — Structure · 8
- NISM — Taxation · 6
- NISM — Performance · 5
- NISM — Fees · 5
- NISM — Debt Funds · 4
- NISM — SIP/SWP · 4
- NISM — Risk · 4
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
- 50 distinct variants
- Detailed analytics
- Spaced repetition (Notebook)
- Optional proctoring
- Free to start
Expert take: what NISM Series V-A really tests
The NISM Series V-A is not optional for anyone selling mutual funds in India — SEBI makes it mandatory for distributors and their sales staff. The good news for candidates: the exam is drawn directly from the official NISM workbook, there is no negative marking, and the pass bar is 50%, so disciplined study of the workbook plus mock tests is a reliable route. Taxation, valuation and the regulatory framework are the areas that most reward careful reading.
Preparation tips
- Study straight from the official NISM workbook — the exam is based on it directly.
- There is no negative marking, so attempt every one of the 100 questions.
- Give taxation, NAV/valuation and the SEBI/AMFI regulatory framework extra attention.
Common mistakes to avoid
- Leaving questions blank — with no negative marking, a guess can only help.
- Skimming the taxation and regulation chapters, which carry precise, testable detail.
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.
- Study mutual fund concepts, types and structure directly from the NISM workbook
- Learn the regulatory framework — SEBI, AMFI and fund governance
- Understand the roles of sponsor, trustee, AMC and distributor
- Learn NAV, valuation, fund accounting and expense concepts
- Study taxation of mutual funds and investor services/transactions
- Cover risk, return, and scheme selection for investors
- Take full 100-question mock tests in the 2-hour format
- Aim well above the 50% pass mark — there is no negative marking, so attempt every question
- Re-read weak chapters of the official workbook
Where NISM Series V-A can take you
A strong NISM Series V-A result opens up these careers and higher-study paths:
- Mutual fund distributor
- Financial advisor / IFA
- Bank / wealth relationship roles
- Fintech distribution
Best books & official prep for NISM Series V-A
- NISM-Series-V-A: Mutual Fund Distributors workbook — NISM
- NISM V-A practice tests — Various
- AMFI / SEBI circulars — AMFI / SEBI
- Current-affairs on mutual funds — Self-directed
Official practice: NISM publishes the official workbook that the exam is based on; because there is no negative marking, attempt every question.
Previous-year papers: NISM does not release past papers; the official workbook and reputable mock tests are the best preparation.
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 3 free full-length NISM Series V-A mock tests — with instant scoring, detailed explanations and analytics — plus 47 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 3 free for everyone and 47 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 3 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?
- Open to anyone; the certification is mandatory under SEBI rules to work as a mutual fund distributor (or as staff engaged in selling/marketing mutual funds) in India. Wrexa Edge focuses on realistic NISM Series V-A practice: 3 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 3 free NISM Series V-A mocks with instant scoring so you can track your readiness week by week.
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