National Institute of Securities Market, formed by SEBI, is a public trust. The main objective of this trust is to promote education and research of the Indian Securities Market.
NISM Preparatory Mutual Fund Series is a Combo course of NISM Series VA: Mutual Fund Distributor Certification Examination & NISM Series VB: Mutual Funds Foundation Certification Examination.
The course aims to create a common basic knowledge standard for all individuals engaged in selling and distributing mutual funds including Individual Mutual Fund Distributors, Employees of organizations involved in sales and distribution of Mutual Funds, Employees of Asset Management Companies particularly individuals engaged in sales and distribution of Mutual Funds. It also creates an accepted basic knowledge standard for the new group of distributors associated with the selling and distribution of simple as well as performing mutual fund schemes. This certification seeks to increase the quality of sales ,distribution and other associated support services in the mutual funds sector.
This certification seeks to increase the quality of sales,distribution and other related support services in the mutual fund industry.
After successfully completing this preparatory combo course the candiates should:
This course aims to help the students to undertake a thorough preparation for their NISM Series VA & VB exams by providing them with a series of chapter-wise tests , comprehensive test as well as study material in the form of NISM Series V(A) & V(B) Workbook as well as chapterwise pdfs., a series of preparatory videos, free email query, online student's community support where they can post their queries . There are NISM Series V(B) mock tests designed after each session to check and ensure the level of understanding of the students. All the knowledge content is provided by Kredent Academy.
After clearing this exam, students are eligible to apply for the license - ARN (AMFI Registration No.) to AMFI for selling mutual funds, i.e., they can become a distributor of mutual funds.
The following individuals can take NISM Preparatory Mutual Fund Series Combo. Affiliated persons such as distributors, agents, brokers, sub-brokers or any other individual, employed or engaged to be employed or involved in the sale and/or distribution of mutual fund products.
Retired government and semi-government officials (class III and above or equivalent) with a service of at least 10 years.
Retired teachers with a service of at least 10 years.
Retired bank officers with a service of at least 10 years, and other similar persons (such as Bank correspondents) as may be notified by AMFI/AMC from time to time Interested students/professionals.
Any other individuals.