The NISM Series V-A syllabus (per the official March 2026 workbook) has 12 chapters. Weightage is not equal — two chapters alone account for 30% of the paper.
| Ch. | Chapter | Weight |
|---|---|---|
| 1 | Investment Landscape | 8% |
| 2 | Concept & Role of a Mutual Fund | 6% |
| 3 | Legal Structure of Mutual Funds | 4% |
| 4 | Legal & Regulatory Framework | 10% |
| 5 | Scheme Related Information | 10% |
| 6 | Fund Distribution & Channel Management | 6% |
| 7 | NAV, Total Expense Ratio & Pricing | 8% |
| 8 | Taxation | 4% |
| 9 | Investor Services | 15% |
| 10 | Risk, Return & Performance of Funds | 7% |
| 11 | Mutual Fund Scheme Performance | 7% |
| 12 | Mutual Fund Scheme Selection | 15% |
Chapters 9 and 12 (15% each) plus 4 and 5 (10% each) together decide half your paper. Master these four first, then cover the rest. After each full-length mock, revise only the chapters where you lost marks — chapter-wise practice for every unit is free on BullWiser.
12 chapters, per the official March 2026 workbook — from Investment Landscape to Mutual Fund Scheme Selection.
Investor Services (Ch. 9) and Mutual Fund Scheme Selection (Ch. 12) at 15% each, followed by Legal & Regulatory Framework and Scheme Related Information at 10% each.
BullWiser has free chapter-wise practice pages for all 12 chapters, plus 2 free full-length mocks — no login needed for the first mock.