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Series V-B · Beginner

Mutual Fund Foundation

Benchmark for the new cadre of distributors selling simple and performing mutual fund schemes.

Educational content only. VIA Capital does not provide buy/sell calls, tips, or personalized advice. Always do your own research.

Questions

50

Duration

120 min

Pass mark

50%

Negative marking

None

Exam fee

₹1,200 + payment gateway charges

Validity

3 years

Why this certification matters

Benchmark for the new cadre of distributors selling simple and performing mutual fund schemes.

Who should take it: Postal agents, retired officials, teachers and bank officers with 10+ years of service, and similar persons notified by AMFI.

How VIA Capital preparation works

One clear path. Built for students, and built for discipline.

  1. Step 1

    Read

    Slide through the study book chapter by chapter.

  2. Step 2

    Practise

    Chapter questions with answer and explanation.

  3. Step 3

    Chapter tests

    Beginner and advanced tests for each chapter.

  4. Step 4

    Full mock sets

    100-question papers in a real exam screen.

  5. Step 5

    Review

    See every mistake and why, then improve.

Why prepare with VIA Capital

Student first

Simple screens, small steps, no clutter.

Every answer explained

If you get one wrong, you learn why.

Help on every question

Report anything confusing, our team fixes it.

Honest

Independent practice. We never claim to be NISM or promise a pass.

Practice pass · NISM Series V-B

Everything you need to prepare, in one pass

  • Digital study book, read chapter by chapter
  • Chapter-wise questions to understand every chapter
  • Chapter tests, beginner and advanced
  • Full mock sets as questions are added
  • Answer and explanation for every question
  • Real exam screen with timer and question palette

Why we charge a small amount

This is not the NISM exam fee. It helps us run the platform: our research team writing and checking questions, keeping explanations accurate, and the technology behind the study book and exam screen.

ResearchQuestion writingTechnology
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  • Payment record in your accountYour payment and expiry date are saved to your VIA Capital account.

One simple package

…

11 days access · one series · incl. taxes

Try 10 questions free Start studying

The official NISM exam fee is paid separately to NISM.

Where it takes you

A shorter mutual fund exam for a special cadre of distributors such as postal agents and retired officials.

Postal agentsRetired officials and teachers

Roles are common examples. Whether a certification is required for a role depends on SEBI rules and the employer; confirm on nism.ac.in.

Full syllabus · 10 chapters

Matches official NISM curriculum · checked 30 September 2026
  1. 1Chapter 1Investment Landscape
    1. 1.1Saving or Investments?
    2. 1.2Different Asset Classes
    3. 1.3Four broad financial needs
    4. 1.4Different types of financial goals
    5. 1.5Role of mutual funds in achieving different financial goals
  2. 2Chapter 2Concept and Role of a Mutual Fund
    1. 2.1Concept of a Mutual fund
    2. 2.2Classification of Mutual Funds
    3. 2.3Growth of the mutual fund industry in India
  3. 3Chapter 3Legal Structure of Mutual Funds in India
    1. 3.1Structure of Mutual Funds in India
    2. 3.2Key Constituents of a Mutual Fund
    3. 3.3Organization Structure of Asset Management Company
    4. 3.4Role and Support function of Service Providers
    5. 3.5Role and Function of AMFI
  4. 4Chapter 4Mutual Fund Products for the New Cadre of Distributors
    1. 4.1Introduction to Mutual Fund Products for New Cadre of Distributors
    2. 4.2Liquid Schemes / Money Market Schemes
    3. 4.3Index Funds
    4. 4.4Diversified Equity Schemes
    5. 4.5Retirement Benefit Schemes
    6. 4.6Fixed Maturity Plans (FMPs)
  5. 5Chapter 5Scheme Related Information
    1. 5.1Mandatory Documents
    2. 5.2Non-Mandatory Disclosures
  6. 6Chapter 6Fund Distribution and Channel Management Practices
    1. 6.1The role and importance of mutual fund distributors
    2. 6.2Different kinds of mutual fund distributors
    3. 6.3Modes of distribution
    4. 6.4Pre-requisites to become Distributor of a Mutual Fund
    5. 6.5Revenue for a mutual fund distributor
    6. 6.6Commission Disclosure mandated by SEBI
    7. 6.7Due Diligence Process by AMCs for Distributors of Mutual Funds
    8. 6.8Difference between distributors and Investment Advisors
    9. 6.9Nomination facilities to Agents/Distributors and Payment of Commission to Nominee
    10. 6.10Change of distributor
  7. 7Chapter 7Performance of Mutual Funds
    1. 7.1Calculation of returns of mutual fund schemes
    2. 7.2Concept of loads and application of exit load in calculating transaction price
    3. 7.3Concept of risk in a mutual fund investment
    4. 7.4Concept of risk-adjusted return
    5. 7.5Scheme Benchmarks for mutual fund schemes
  8. 8Chapter 8Taxation
    1. 8.1Applicability of taxes in respect of mutual funds
    2. 8.2Capital Gains
    3. 8.3Dividend income (IDCW option)
    4. 8.4Stamp Duty on Mutual Fund Units
    5. 8.5Setting off of Capital Gains and Losses under Income Tax Act
    6. 8.6Securities Transaction Tax
    7. 8.7Tax benefit under Section 80C of the Income Tax Act
    8. 8.8Tax Deducted at Source
    9. 8.9Applicability of GST
  9. 9Chapter 9Investor Services
    1. 9.1The NFO process
    2. 9.2New Fund Offer Price/On-going Offer Price for subscription
    3. 9.3Investment Plans and Services
    4. 9.4Allotment of Units to the Investor
    5. 9.5Account statements for investments
    6. 9.6Mutual Fund Investors
    7. 9.7Filling the Application Form for Mutual Funds
    8. 9.8Financial Transactions with Mutual Funds
    9. 9.9Cut-off Time and Time Stamping
    10. 9.10KYC Requirements for Mutual Fund Investors
    11. 9.11Systematic Transactions
    12. 9.12Operational aspects of Systematic Transactions
    13. 9.13Non-Financial Transactions in Mutual Funds
    14. 9.14Change in Status of Special Investor Categories
    15. 9.15Investor transactions, turnaround times
  10. 10Chapter 10Legal and Regulatory Environment
    1. 10.1Role of Securities and Exchange Board of India
    2. 10.2Investor Grievance Redressal
    3. 10.3AMFI Code of Conduct for Intermediaries
    4. 10.4AMFI Code of Ethics
    5. 10.5AMFI’s Code of Conduct for Intermediaries of Mutual Funds

Source: NISM curriculum page. Chapter names and order follow NISM; sub-topic numbering (1.1, 1.2) is added by VIA Capital for easy reading. NISM may revise its curriculum; always confirm on nism.ac.in.

Quick revision · flashcards

NISM Series V-B flashcards

Flip 10 cards free as a demo. The practice pass opens every card, chapter by chapter.

NISM Series V-B: questions people ask

What is NISM Series V-B?

NISM-Series-V-B: Mutual Fund Foundation Certification Examination. Benchmark for the new cadre of distributors selling simple and performing mutual fund schemes.

What is the exam pattern?

50 questions, 50 marks, 120 minutes. Pass mark 50%. No negative marking.

What is the fee and validity?

NISM lists the fee as ₹1,200 plus payment gateway charges. The certificate is valid for 3 years and is issued only if your PAN is updated. Always confirm on nism.ac.in.

Is VIA Capital official NISM material?

No. VIA Capital is an independent preparation platform. Use the official NISM workbook and register only on the NISM website.

How many questions are in the NISM Series V-B exam?

NISM lists 50 questions for 50 marks, to be answered in 120 minutes.

What is the passing score for NISM Series V-B?

You need 50% (25 of 50 marks) to pass.

Is there negative marking in NISM Series V-B?

No. NISM does not deduct marks for wrong answers in this exam.

Who should take NISM Series V-B?

Postal agents, retired officials, teachers and bank officers with 10+ years of service, and similar persons notified by AMFI.

How do I prepare for NISM Series V-B on VIA Capital?

Follow the five steps: read each chapter, practise questions, pass the chapter tests, take the full mock tests, then sit the final practice exam. Your progress is saved to your account.

Where do I register for the real exam?

Only on the official NISM website, nism.ac.in. VIA Capital is an independent preparation platform and cannot book or conduct the NISM exam.

Ready to test yourself?

50 questions · 120 minutes · no negative marking. First 10 questions free, then full papers with the practice pass.

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Ready to book the real exam?

How to register on the official NISM website

VIA Capital does not take exam registrations. Enrolment, fees and certificates are handled only by NISM. Follow these steps on their website.

  1. 1

    Create your NISM account

    Register on the official NISM certification portal with your name exactly as on your ID, plus email and mobile.

  2. 2

    Choose the examination

    Select the series you want (for example, Series V-A) and read the current test objectives and rules.

  3. 3

    Pick a test centre and date

    Choose an available test centre or mode, date and time slot.

  4. 4

    Pay the examination fee

    Pay the fee shown on the NISM portal. Fees can change, so rely only on the amount NISM shows.

  5. 5

    Keep your confirmation

    Save the enrolment confirmation and carry a valid photo ID on exam day.

Go to NISM certification portal Official NISM website

Opens nism.ac.in in a new tab. Always check current fees, rules and eligibility there.