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The NISM-Series-V-D: Mutual Fund – Specialised Investment Fund Distributors Certification Examination creates a common minimum knowledge benchmark for individuals and employees engaged in selling and distributing Mutual Fund–Specialised Investment Fund (MF-SIF) products, including AMC sales/distribution staff. It covers mutual fund fundamentals and distribution (Module 1), equity derivatives (Module 2), and interest rate derivatives (Module 3).
Practice with 900+ questions based on the official NISM Series V-D syllabus. Instant results, chapter-wise analysis, negative marking simulation.
Questions distributed per NISM Series V-D syllabus. Interest Rate Instruments, Investor Services, and Forwards & Futures carry the highest weightage.
Experience real exam pressure with −10% per wrong answer. Learn when to skip and when to attempt — critical for the actual V-D exam.
Submit and get your score, pass/fail verdict, chapter-wise breakdown, and analysis of every question.
Full coverage of equity derivatives (futures, options, strategies) and interest rate derivatives — material unique to V-D among BullWiser's mutual fund series.
180-minute countdown timer mirrors the actual NISM exam environment. Build time management skills before the real test.
900+ questions across all 22 chapters. Covers mutual fund distribution fundamentals plus the full equity and interest rate derivatives syllabus.
| Ch. | Chapter | Marks | Questions in Bank | Weight |
|---|---|---|---|---|
| 1 | Investment Landscape | 5 | 45 | |
| 2 | Concept & Role of a Mutual Fund | 4 | 25 | |
| 3 | Legal Structure of Mutual Funds in India | 3 | 25 | |
| 4 | Legal and Regulatory Framework | 7 | 50 | |
| 5 | Scheme Related Information | 7 | 50 | |
| 6 | Fund Distribution and Channel Management Practices | 4 | 49 | |
| 7 | Net Asset Value, Total Expense Ratio and Pricing of Units | 5 | 50 | |
| 8 | Taxation | 3 | 25 | |
| 9 | Investor Services | 10 | 50 | |
| 10 | Risk, Return and Performance of Funds | 5 | 43 | |
| 11 | Mutual Fund Scheme Performance | 5 | 45 | |
| 12 | Mutual Fund Scheme Selection | 10 | 25 | |
| 13 | Basics of Derivatives | 10 | 30 | |
| 14 | Understanding Index | 5 | 30 | |
| 15 | Introduction to Forwards and Futures | 15 | 50 | |
| 16 | Introduction to Options | 13 | 48 | |
| 17 | Strategies using Equity Futures and Equity Options | 9 | 41 | |
| 18 | Interest Rate Instruments and Fixed Income Markets | 6 | 60 | |
| 19 | Interest Rate Derivatives | 2 | 28 | |
| 20 | Exchange Traded Interest Rate Futures | 10 | 42 | |
| 21 | Exchange Traded Interest Rate Options | 6 | 51 | |
| 22 | Strategies using Interest Rate Derivatives | 6 | 42 | |
| Total | 150 | 904 | 100% | |
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NISM Series V-D: Specialised Investment Fund Distributors Mock Exam
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