A 900+ question bank 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. 20 sample questions with answers are free on the chapter pages, and the free full-length mock needs only a free account.
Full 180-minute mock with all 22 chapters and NISM-accurate scoring.
Start Full Mock Exam ▶NISM Series V-D launched on 22 July 2026 (per NISM's communique of 14 July 2026) for distributors of mutual funds and Specialised Investment Funds (SIFs). You need it if you want to sell SIFs, unless you hold a valid Series XIII certificate obtained on or before 21 September 2026. Distributors who sell only mutual funds can continue with V-A. See V-D vs V-A vs XIII for every case.
90 out of 150 marks (60%). 150 MCQs worth 1 mark each, no case-based questions, over 180 minutes.
Based on early BullWiser mock test data from 10 completed attempts by 6 unique candidates (as of September 2026), the pass rate is 90%. This is a small, early sample — treat it as a directional signal, not a definitive statistic.
Yes, but lighter than X-A/X-B/XV: 10% of a question's marks is deducted per wrong answer, with no penalty for skipped questions.
Approximately ₹3,000 plus GST (~₹3,540 total). As a newly launched exam, confirm the exact current fee on NISM's official website before registering.
22 chapters — the same fundamentals as NISM V-A (12 chapters) plus 10 more on equity and interest rate derivatives specific to SIFs.
Yes — a full 180-minute mock (150 MCQs, NISM-accurate scoring) is free with a free account, and 20 sample questions with answers are free on the chapter pages. The full 900+ question bank comes with the ₹199 mock pack or the ₹199 notes PDF.