NISM Series V-A (Mutual Fund Distributor) requires 50% in a 100-mark, 100-MCQ exam across 12 chapters, with no negative marking — BullWiser's free mock test scores it the same way. Practice with 2000+ chapter-wise questions, free mock tests, and condensed notes (₹199) — no signup needed to study.
Full 120-minute mock with all 12 chapters and NISM-accurate scoring.
Start Full Mock Exam ▶The passing score is 50 out of 100 marks (50%). The exam has 100 multiple-choice questions worth 1 mark each, and the official NISM exam itself has no negative marking.
No — neither the real NISM exam nor BullWiser's free mock test has negative marking. Wrong answers score zero, just like the actual exam, so there's no penalty for attempting every question.
₹1,500 plus GST and payment gateway charges (roughly ₹1,770 total per attempt), paid directly to NISM. There's no discount on repeat attempts — confirm the current fee on NISM's official website before registering.
There's no limit. You can retake the NISM Series V-A exam as many times as needed — each attempt just needs a fresh registration and full fee payment.
3 years from the date of passing. Renew by retaking the exam or completing a NISM-approved CPE program in the final 12 months before expiry.
Yes — one full 120-minute mock (100 MCQs, NISM-accurate scoring) is free with no signup, and all 2,000+ chapter-wise practice questions are free. A ₹199 condensed-notes PDF is an optional add-on.