NISM Series V-D · Specialised Investment Fund Distributors

Mutual Fund – Specialised Investment
Fund Distributors Exam Prep

900+ practice questions across all 22 chapters of the NISM-Series-V-D workbook — mutual fund fundamentals and distribution, plus the full equity and interest rate derivatives syllabus. Answers and explanations included. No signup needed to study.

900+
Questions
22
Chapters
150
Exam Marks
180m
Duration
60%
Pass Score
Free
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150 MCQs · 180 min · −10% negative marking · 2 free attempts
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Exam Pattern150 MCQs, 1 mark each — no case-based questions
Negative Marking10% of a question's marks per wrong answer · 0 for skipped
Pass Threshold90 out of 150 marks (60%)
Based OnNISM-Series-V-D: Mutual Fund – Specialised Investment Fund Distributors Workbook, March 2026
Study Chapter by Chapter
Module 1 · Mutual Fund Distribution (68 marks)
Ch. 15 marks
Investment Landscape
45 MCQs →
Ch. 24 marks
Concept & Role of a Mutual Fund
25 MCQs →
Ch. 33 marks
Legal Structure of Mutual Funds in India
25 MCQs →
Ch. 47 marks
Legal and Regulatory Framework
50 MCQs →
Ch. 57 marks
Scheme Related Information
50 MCQs →
Ch. 64 marks
Fund Distribution and Channel Management Practices
49 MCQs →
Ch. 75 marks
Net Asset Value, Total Expense Ratio and Pricing of Units
50 MCQs →
Ch. 83 marks
Taxation
25 MCQs →
Ch. 910 marks ⭐
Investor Services
50 MCQs →
Ch. 105 marks
Risk, Return and Performance of Funds
43 MCQs →
Ch. 115 marks
Mutual Fund Scheme Performance
45 MCQs →
Ch. 1210 marks ⭐
Mutual Fund Scheme Selection
25 MCQs →
Module 2 · Equity Derivatives (52 marks)
Ch. 1310 marks ⭐
Basics of Derivatives
30 MCQs →
Ch. 145 marks
Understanding Index
30 MCQs →
Ch. 1515 marks ⭐
Introduction to Forwards and Futures
50 MCQs →
Ch. 1613 marks ⭐
Introduction to Options
48 MCQs →
Ch. 179 marks
Strategies using Equity Futures and Equity Options
41 MCQs →
Module 3 · Interest Rate Derivatives (30 marks)
Ch. 186 marks
Interest Rate Instruments and Fixed Income Markets
60 MCQs →
Ch. 192 marks
Interest Rate Derivatives
28 MCQs →
Ch. 2010 marks ⭐
Exchange Traded Interest Rate Futures
42 MCQs →
Ch. 216 marks
Exchange Traded Interest Rate Options
51 MCQs →
Ch. 226 marks
Strategies using Interest Rate Derivatives
42 MCQs →

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