NISM Series V-A: mutual fund distributors ka exam kya poochta hai.
NISM Series V-A mutual fund distributors ka paper hai. Fund ki banawat, costs, investor services aur niyam samjho, phir practice karo.
Sawaal aur jawaab English mein hain, kyunki NISM ka exam paper bhi English mein hota hai.
NISM Series V-A Mutual Fund Distributors
Exam ke niyam NISM ki site par 3 October 2026 ko padhe gaye. NISM ki site par aaj ke niyam dekho (naye tab mein khulta hai)
- Yeh paper mutual fund distribution ke kaam se juda hua hai.
- Ratne se zyada samajh kaam aati hai. Galat options bhi sahi naam hote hain, bas galat jagah lage.
- Kharcha, NAV aur suitability ke sawaal sabse zyada galti karwaate hain.
- Current syllabus aur exam ke niyam NISM ki apni site par milte hain.
Series V-A certification kis kaam ke liye hai
YEH PAPER
Exam kis cheez ki jaanch karta hai
Naam bolna aur cheez samjhaana, dono alag kaam hain — paper doosra wala maangta hai.
Series V-A mutual fund distribution ka paper hai. Woh yeh dekhta hai ki aap ek scheme ko samjha sakte ho, ya sirf uska naam bol sakte ho. Fund ki banawat, uska hisaab, uske products, investor ko milne wali services, aur in sab par lage regulations — saare hisse isme aate hain.
Isi wajah se ratna yahan kaam nahi aata. Is paper ke galat options aksar asli shabd hote hain, bas galat jagah par lage hue. Sponsor aur trustee dono asli naam hain. Sawaal sirf itna hai ki kaunsa kaam kiska hai.
Yeh kaun deta hai
Mutual funds distribute karne wale log, aur distributor ke employees.
Yeh is site par kyun hai
NISM ka sabse zyada diya jaane wala exam, aur yeh derivatives ka paper nahi hai. Isme securities market aur niyamon ki wahi buniyaad hai jo Series VIII maan kar chalta hai ki aapko pehle se pata hai.
Exam format ek nazar mein
100 multiple-choice sawaal, har sawaal 1 mark ka, 120 minute mein. Pass ke liye 50% chahiye. Negative marking nahi hai, isliye is paper mein khaali chhodna kabhi behtar nahi hota.
Exam ki fees yahan jaan-boojh kar nahi likhi. NISM har certification ki fees khud publish karta hai aur badalta rehta hai. Aaj ki fees nism.ac.in par dekho.
Marking kaise hoti hai — aur yahan ka quiz use kaise lagata hai
Har sawaal 1 mark ka hai. Paper 100 marks ka hai, aur pass ke liye 50 marks chahiye. Is paper mein negative marking nahi hai. Galat answer aur khaali sawaal, dono par zero milta hai. Isliye khaali chhodna kabhi behtar nahi hota.
Yahan ka practice quiz inhi figures se marks deta hai. Timed practice yahi pass mark aur yahi katauti lagati hai. Clock bhi isi paper ki raftaar se chalta hai (100 sawaal ke liye 120 minute).
Series V-A ki padhai kis kram mein karein
Yeh paper product ka naam lene se zyada use samjhaane ko inaam deta hai. Iske lagbhag har galat option ek sahi naam hota hai jo galat mechanism par laga hai. Isliye neeche ka kram yeh hai: pehle cheez kya hai, phir uski laagat kya hai, phir woh kisko suit karti hai. Jis kharche ko aap jagah nahi de sakte aur jis salah ko aap samjha nahi sakte, dono ek hi galti hain.
Yeh kram LearnNifty ka hai. NISM curriculum aur test objectives publish karta hai, padhne ka kram nahi. Is kram ko official material ke saath use karein.
- Pehle banawat: unit asal mein kya haiScheme, uske peeche ka portfolio, woh unit jo us portfolio ka hissa dikhati hai, fund unit ki net asset value (NAV), aur kaun kis cheez ka zimmedaar hai. Jab tak unit ek saaf cheez nahi banti, uske baad ka sab sirf shabd hai. Ek pakka check: kam price ka matlab hai utne hi paise mein zyada units. Isse fund apne aap sasta nahi ho jaata. Agar yeh baat seedhi lage, toh yeh stage poora hai.
- Phir exposure aur riskPaisa asal mein kis cheez mein laga hai, aur usme kya galat ho sakta hai. Scheme ka risk uski category ka naam liye bina batane ki practice karo. Galat option aksar wahi category ka naam jawab ki jagah aapke saamne rakhta hai.
- Phir jo paisa bahar jaata hai: plans, options, expenses aur exitsKaunse kharche scheme ke andar lagte hain aur isliye NAV mein pehle se shaamil hain, kaunse bahar nikalte waqt lagte hain, aur kaunse investor ke apne hain. Yahan baar baar hone wali galti hisaab ki hai, samajh ki nahi. Log saalana rate ko har kisht par ek baar ka charge maan kar ghata dete hain.
- Phir suitability, conduct aur unke niyamIs paper ke suitability sawaal soch ke sawaal hain, hisaab ke nahi. "Pichhle saal ka sabse achha fund sabko suit karega" — iska achha jawab batata hai ki kya gayab hai: samay, paise ki zaroorat, maksad, risk sehne ki taakat, aur kya pichhle saal ke haalaat dobara aayenge. Return figure dekh kar product chunna jawab nahi hai. Aur exam paas karna fund distribute karne ki har professional requirement poori karna nahi hai. Woh alag se check hoti hain.
Is paper ki marking se answer dene ka tareeka kaise badle
Is paper mein galat answer par kuch nahi katta. Iska asar ghadi par padta hai. Samay khatam hone par jo sawaal khaali reh gaya, woh bekaar mein khoya mark hai. Aakhri minute khaali sawaal bharne mein lagao, diye hue answers dobara padhne mein nahi. Phir bhi answers check karne se pehle likh lo ki kaunse guess the. Lucky guess wala total aapko asal se zyada taiyaar dikhayega.
Galti ko review karna answer dene se alag skill hai. Isi se agla paper behtar banta hai. Is paper ka practice set har galat option samjhata hai. Uski result screen galtiyon ko unki kism ke hisaab se chhaant-ti hai.
Syllabus units, aur har unit kitne marks ki
8 practice topics, usi kram mein jis mein humare sawaal likhe gaye. Har row us topic ke poore sawaalon aur answers par le jaati hai. Har answer batata hai ki baaki options galat kyun hain. Yahan marks column nahi hai. Is exam ka per-unit weightage nahi mila, isliye nahi dikhaya.
| Unit | Practice questions |
|---|---|
| Investment Landscape | 16 |
| Structure of Mutual Funds | 16 |
| Accounting, Valuation and Taxation | 19 |
| Mutual Fund Products | 22 |
| Investor Services | 19 |
| Risk, Return and Performance | 21 |
| Legal and Regulatory Environment | 19 |
| Scheme Selection | 18 |
Saare units ki samajh, Hinglish mein
Saare units ka matlab, aam galtiyan aur padhne ka tareeka neeche hai. Unit ke naam par click karo, woh khul jaayega.
Series V-A ke saare units ke practice sawaal alag page par ek jagah hain. Har jawab ke baad ek chhoti si wajah likhi hoti hai — sahi option sahi kyun hai, aur baaki options kis jagah phisalte hain.
- Saare units ke sawaal ek hi jagah, bina kisi kram ki majboori ke.
- Har jawab ke saath wajah, sirf sahi ya galat ka nishaan nahi.
- Yeh NISM ki workbook ki jagah nahi leta, uske saath chalta hai.
Series V-A ki practice: saare units ek hi jagah.
SEEMAYEIN
Practice set kya karta hai, aur kya nahi
Kya milega
- Series V-A ke saare units ke practice sawaal ek hi jagah par deta hai.
- Har sawaal ke baad batata hai ki sahi jawab sahi kyun hai.
- Jawab dene ke baad hi wajah dikhata hai, taaki practice asli lage.
- Aap chaho toh sirf ek unit chunkar usi hisse par kaam kar sakte ho.
Kya nahi milega
- NISM ki apni workbook ki jagah yeh nahi le sakta.
TAREEKA
Practice se kya nikalta hai
Ek sawaal ka jawab de dena aur uski wajah samajh lena, dono alag hain. Isliye practice mein har jawab ke saath likha hota hai ki sahi option sahi kyun hai. Jo option galat hai, woh aksar kisi doosri asli cheez ka naam hota hai — usi ko pehchanna is paper ki asli practice hai.
Sabse kaam ki baat woh sawaal hote hain jo galat jaate hain. Unhe dobara padhna, phir neeche usi unit ko kholna, aur wahi hissa poora karna — yahi kram kaam karta hai. Sirf sahi jawaabon ki ginti badhte dekhna taiyari nahi hai.
Pehle unit se shuru karo
Investment Landscape saari buniyaad rakhta hai — mehngai, risk aur goal. Baaki units isi ke upar khade hote hain.
Investment Landscape
Investment Landscape: paisa, mehngai aur risk ki buniyaad.
Yeh unit nivesh ki buniyaad par hai: bachat aur nivesh mein farak kya hai, mehngai paise ki keemat kaise ghatati hai, aur risk kitne tarah ka hota hai. Isme goal, samay aur asset classes ka rishta bhi aata hai.
- Bachat paisa bachati hai. Nivesh usse kaam par lagata hai.
- Mehngai chup chaap khareedne ki taakat kam karti hai.
- Risk ek cheez nahi — market, credit aur liquidity alag alag hain.
- Goal aur samay tay hone ke baad hi asset ka sawaal shuru hota hai.
SEEMAYEIN
Is unit ke practice set ka daayra
Kya milega
- Sirf isi unit ke practice sawaal dikhata hai. Baaki units ke sawaal apne apne practice page par hain.
- Har jawab ke saath samjhaata hai ki woh sahi kyun hai.
- Un shabdon par tikta hai jo paper mein sach mein poochhe jaate hain.
Kya nahi milega
- NISM ki workbook ki jagah nahi leta.
IS UNIT MEIN
Yeh unit kis cheez par hai
Yahan koi product nahi aata. Yahan woh soch banti hai jiske upar baaki 7 units khade hote hain.
Sabse pehle bachat aur nivesh ka farak aata hai. Bachat paisa ek jagah rok kar rakhti hai. Nivesh usse kisi kaam par lagata hai, aur usi wajah se usme risk aata hai. Dono zaroori hain, lekin dono ek cheez nahi.
Phir mehngai. Paisa waisa ka waisa pada rahe toh bhi uski khareedne ki taakat har saal thodi ghat jaati hai. Isi wajah se return ko 2 tarah se dekha jaata hai — jo dikh raha hai, aur mehngai hata kar jo asal mein bacha.
Aakhir mein risk. Paper isko ek shabd ki tarah nahi, kai alag cheezon ki tarah padhta hai: bazaar ka hilna, samne wale ka paisa na lauta paana, waqt par bech na paana, aur mehngai ka apna risk. Har asset class par inka mel alag hota hai.
DHYAN
Jahan log aksar phisalte hain
Is unit ke sawaal aksar 2 milte-julte shabd saamne rakh dete hain aur farak poochhte hain. Nivesh aur satta, risk aur uska ek khaas roop, ya dikhne wala return aur mehngai ke baad wala return — yeh 3 jodiyan is unit ki apni pehchan hain.
Doosri aam galti compounding ko sirf ek formula maan lena hai. Paper aksar yeh poochta hai ki samay lamba hone par kya badalta hai, na ki koi ginti karwata hai. Samay ka asar samajh lena hi jawab hai.
Ab fund ki banawat
Buniyaad ban gayi. Ab dekho ki ek mutual fund andar se kaise bana hota hai aur kaun kis cheez ka zimmedaar hai.
Structure of Mutual Funds
Structure of Mutual Funds: mutual fund ki banawat aur uske log.
Yeh unit mutual fund ki banawat par hai. Fund ek trust hota hai: sponsor use khada karta hai, trustees investor ki taraf se nazar rakhte hain, aur asset management company scheme chalati hai. Custodian securities sambhalta hai aur registrar aur transfer agent record rakhta hai.
- Mutual fund ek trust hai, koi company nahi — yahi poori banawat tay karta hai.
- Sponsor khada karta hai, trustees nazar rakhte hain, teesra chalata hai.
- Har service provider ka kaam alag hai, aur paper wahi farak poochta hai.
- Open-ended aur close-ended ka farak banawat ka hissa hai, product ka nahi.
SEEMAYEIN
Is unit ke practice set ka daayra
Kya milega
- Isi unit ke sawaal dikhata hai, chhaan kar, baaki units se alag.
- Har jawab ke peeche ki wajah likhta hai, sirf nishaan nahi lagata.
- Un roles par tikta hai jinka farak paper baar baar poochta hai.
Kya nahi milega
- NISM ki workbook ka badal nahi hai.
IS UNIT MEIN
Kaun kaun hota hai, aur kiska kya kaam
Yeh unit naamon ki list nahi hai. Yeh zimmedaari ka naksha hai.
Bharat mein mutual fund ek trust ke roop mein banta hai. Sponsor woh hai jo trust khada karta hai. Trustees investor ki taraf se nazar rakhte hain — unka kaam scheme chalana nahi, yeh dekhna hai ki scheme sahi tareeke se chalayi ja rahi hai.
Rozana ka kaam asset management company karti hai: fund manager, research, dealing aur baaki sab. Custodian securities apne paas sambhal kar rakhta hai, taaki paisa aur cheezein ek hi haath mein na rahein. Registrar aur transfer agent folio, application aur unit ka record rakhta hai.
SEBI in sab ke upar niyam banata hai aur unhe register karta hai. Isliye is unit ka har sawaal ghum-phir kar ek hi baat par aata hai: yeh kaam kiska hai, aur kiska nahi hai.
DHYAN
Ek jaise dikhne wale role
Sabse zyada galti trustee aur asset management company ke beech hoti hai. Dono fund ke andar hain, dono ke paas kaam hai, lekin ek dekhne wala hai aur doosra chalane wala. Sawaal aksar isi farak par khada hota hai.
Doosri jagah custodian aur registrar hai. Ek securities sambhalta hai, doosra investor ka record. Naam dono ke bhaari lagte hain, isliye ratne ki jagah kaam yaad rakhna zyada tikta hai.
Ab number wala hissa
Banawat samajh aa gayi. Agla unit batata hai ki us banawat ke andar NAV kaise banta hai aur kharcha kahan lagta hai.
Accounting, Valuation and Taxation
Accounting, Valuation and Taxation: NAV ke peeche ka hisaab.
Yeh unit fund ke hisaab par hai. NAV nikalta hai kul assets mein se kul liabilities hata kar, phir units se baant kar. Expense ratio wahi kharcha hai jo isi hisaab ke andar se kata hota hai. Isme securities ki valuation ke niyam aur tax ka hissa bhi aata hai.
- NAV kul assets mein se liabilities hata kar, units se baant kar banta hai.
- Expense ratio alag se nahi kata — woh NAV ke andar se hi nikal jaata hai.
- Valuation ke apne niyam hain, khaaskar kam trade hone wali securities par.
- Tax investor ke haath mein lagta hai, aur holding ke samay par nirbhar hai.
SEEMAYEIN
Is unit ke practice set ka daayra
Kya milega
- Sirf isi unit ke sawaal dikhata hai, taaki dhyan ek jagah rahe.
- Har jawab ke saath uski wajah likhta hai.
- Un jagahon par rukta hai jahan hisaab ka matlab badal jaata hai.
Kya nahi milega
- Koi tax rate yahan likhi nahi hai, aur na hi koi rakam.
IS UNIT MEIN
Ek number, 3 sawaal
NAV dikhta ek number hai. Uske peeche 3 alag sawaal chhupe hote hain.
Pehla sawaal accounting ka hai: fund ke paas kya hai, uspar kya bakaya hai, aur kitni units baanti hui hain. Kul assets mein se kul liabilities hata do, phir units se baant do — jo bacha wahi NAV hai. Income aur kharcha rozana isi hisaab mein jud jaate hain.
Doosra sawaal valuation ka hai: fund ke paas padi securities ki keemat kis din ki aur kis tareeke se lagegi. Jo securities rozana trade hoti hain unka daam saamne hota hai. Jo kam trade hoti hain unke liye alag niyam bane hue hain, aur wahi niyam paper poochta hai.
Teesra sawaal tax ka hai. Yahan dhyan is baat par hai ki tax fund par lagta hai ya investor par, aur holding ka samay uska roop kaise badal deta hai. Bechne par lagne wali STT jaisi cheezein bhi isi hisse mein aati hain.
DHYAN
Expense ratio dikhta nahi, lagta hai
Sabse aam galtfehmi yeh hai ki expense ratio kahin alag se kata hoga. Aisa nahi hota — woh kharcha fund ke hisaab ke andar se hi jaata hai, isliye jo NAV aap dekhte ho woh kharcha nikalne ke baad wala number hai.
Load ka mamla isse alag hai. Load unit khareedte ya bechte waqt lagta hai, expense ratio poore saal chalta rehta hai. Paper aksar in dono ko ek saath rakh kar farak poochta hai, isliye dono ko alag alag samajhna zaroori hai.
Ab categories ka hissa
Hisaab har scheme par ek jaisa lagta hai. Agla unit batata hai ki scheme khud kitne tarah ki hoti hai aur naam kya kehta hai.
Mutual Fund Products
Mutual Fund Products: kis category mein kya aata hai.
Yeh unit scheme ki categories par hai. Equity scheme shares mein jaati hai, debt scheme udhaar wale instruments mein, aur hybrid dono ko milati hai. Index aur exchange traded scheme kisi index ke peeche chalti hain. Har category ka naam hi uska daayra batata hai.
- Category ka naam hi batata hai ki paisa kis tarah ki cheez mein jaayega.
- Debt scheme mein maturity aur credit, dono uske roop tay karte hain.
- Index ke peeche chalne wali scheme apna chunav nahi karti.
- Hybrid ek category nahi, kai alag mel hain — paper wahi farak poochta hai.
SEEMAYEIN
Is unit ke practice set ka daayra
Kya milega
- Isi unit ke sawaal dikhata hai, category ke hisaab se chhaan kar.
- Har jawab ke saath likhta hai ki woh option sahi kyun hai.
- Naam aur uske matlab ke beech ka rishta saaf karta hai.
Kya nahi milega
- Workbook ki jagah nahi leta. Uske saath padha jaata hai.
IS UNIT MEIN
Naam se daayra pehchanna
Is unit ka poora khel yeh hai ki category ka naam sunte hi uska daayra dimaag mein aa jaaye.
Equity scheme ka paisa shares mein jaata hai, aur uske andar bhi company ke size ke hisaab se alag alag daayre bane hue hain. Debt scheme udhaar wale instruments mein jaati hai, aur wahan 2 cheezein uska roop tay karti hain: kitne samay ka udhaar hai, aur udhaar lene wale ki haalat kaisi hai.
Hybrid ek naam ke neeche kai alag mel hain — kahin equity zyada, kahin debt zyada, kahin dono ke saath teesri cheez. Isliye 'hybrid' sunkar ek hi tasveer bana lena is unit ki sabse aam galti hai.
Phir woh scheme aati hain jo apna chunav karti hi nahi. Index fund aur exchange traded fund kisi index ko dohraate hain, isliye unka kaam sahi cheez chunna nahi, index se door na hona hai. Fund of funds doosre funds mein paisa lagata hai, aur gold wali scheme sone se juda daayra rakhti hai.
DHYAN
Category ek daayra hai, koi vaada nahi
Category sirf yeh batati hai ki paisa kis tarah ki cheez mein jaa sakta hai. Woh yeh nahi kehti ki natija kaisa rahega. Paper bhi yahi poochta hai — daayra, niyam aur banawat — natija nahi.
SEBI ne categories ko is liye tay kiya taaki 2 scheme jo ek jaisa naam rakhti hain, woh sach mein ek jaisi cheez karein. Isliye is unit ke sawaal aksar 'is naam ka matlab kya hai' wale hote hain, na ki 'kaunsi behtar hai' wale.
Ab investor ka rasta
Product samajh aa gaya. Agla unit batata hai ki form bharne se lekar paisa wapas aane tak hota kya hai.
Investor Services
Investor Services: form se folio tak ka poora rasta.
Yeh unit investor ke rozana ke kaamon par hai: application kaise bharti hai, kaun se document lagte hain, cut-off timing kis din ka NAV tay karti hai, nomination aur transmission mein kya farak hai, aur systematic transactions kaise chalte hain.
- Cut-off timing tay karti hai ki kis din ka NAV milega.
- Nomination aur joint holding 2 alag cheezein hain, ek doosre ka badal nahi.
- Transmission tab aata hai jab unit dusre haath mein jaate hain.
- SIP ek transaction ka tareeka hai, koi alag product nahi.
SEEMAYEIN
Is unit ke practice set ka daayra
Kya milega
- Isi unit ke practice sawaal dikhata hai, alag chhaan kar.
- Har jawab ke peeche ki wajah saath mein likhta hai.
- Un shabdon par tikta hai jo form aur statement par sach mein milte hain.
Kya nahi milega
- Koi timing ya rakam yahan likhi nahi hai — woh scheme ke document mein hoti hai.
IS UNIT MEIN
Rasta, shuru se aakhir tak
Yeh unit theory kam aur rasta zyada hai — wahi kadam jo har investor ke saath hote hain.
Shuruaat application aur pehchan ke document se hoti hai. Uske baad folio banta hai, jo us investor ka apna khaata hai. Har transaction par time stamp lagta hai, aur wahi stamp yeh tay karta hai ki request kis din maani gayi.
Isi se cut-off timing ka sawaal judta hai: request kis samay tak pahunchi, aur paisa kab mila — in dono par yeh tay hota hai ki kis din ka NAV lagega. Yeh unit ka sabse zyada poocha jaane wala hissa hai.
Phir aate hain woh kaam jo baad mein hote hain: nomination, joint holding, transmission jab unit kisi aur ke naam jaate hain, redemption, aur account statement. Systematic transactions — har mahine daalne wala SIP, ya thodi thodi karke nikalne aur transfer karne wale tareeke — bhi isi unit mein hain.
DHYAN
Jodi wale sawaal
Is unit ke bahut se sawaal jodiyon par bane hote hain: nomination aur joint holding, transmission aur transfer, cut-off aur time stamp. Har jodi mein dono shabd asli hain, isliye options dekhkar andaza lagana kaam nahi karta.
Systematic transactions ko product samajh lena doosri aam galti hai. SIP koi alag scheme nahi hai — woh sirf paisa daalne ka ek tay-shuda tareeka hai, aur wahi baat nikalne aur transfer karne wale tareekon par bhi lagti hai.
Ab number padhna
Rasta samajh aa gaya. Agla unit batata hai ki return aur risk ke number kaise bante hain aur unki seema kya hai.
Risk, Return and Performance
Risk, Return and Performance: number padhne ka tareeka.
Yeh unit numbers par hai. Return kai tarah se naapa jaata hai, aur har tareeka alag sawaal ka jawab deta hai. Risk ke apne measures hain, jaise daam ka bikhrav aur bazaar ke saath uska rishta. Performance hamesha kisi benchmark ke saamne padhi jaati hai.
- Har return ke saath yeh sawaal juda hai ki woh kis avadhi par naapa gaya.
- CAGR ek hi baar lagaye paise ke liye hai. Alag alag dates ke liye XIRR.
- Risk ke measure sirf bikhrav naapte hain, disha nahi batate.
- Benchmark bataye bina performance ka koi matlab tay nahi hota.
SEEMAYEIN
Is unit ke practice set ka daayra
Kya milega
- Isi unit ke sawaal dikhata hai. Baaki units ke sawaal apne apne practice page par hain.
- Har jawab ke saath uski wajah likhta hai.
- Har paimane ki seema bhi batata hai, sirf uska naam nahi.
Kya nahi milega
- Kisi scheme ki performance yahan nahi dikhayi jaati.
- Koi number, rate ya return yahan likha nahi hai.
IS UNIT MEIN
3 sawaal, 3 tarah ke number
Return, risk aur tulna — yeh 3 alag sawaal hain, aur har ek ke apne paimane.
Return ka sawaal pehla hai. Ek hi natije ko kai tarah se likha ja sakta hai: seedha badlav, saalana banaya gaya badlav, ya CAGR jaisa ek sthir saalana rate. Jab paisa alag alag dates par jaata hai — jaise SIP mein — tab har cash flow ki apni date ginni padti hai, aur uske liye XIRR hota hai.
Risk ka sawaal doosra hai. Yahan daam ka bikhrav naapa jaata hai, aur bazaar ke saath scheme ka rishta bhi. Index ke peeche chalne wali scheme ke liye ek alag paimana hai jo batata hai ki woh index se kitni door rahi. Yeh saare paimane sirf hilne ka size batate hain, disha nahi.
Teesra sawaal tulna ka hai. Ek scheme ka number akela padhne se kuch nahi nikalta. Usko uske benchmark aur usi tarah ki doosri schemes ke saamne rakha jaata hai. Risk ko saath mein ginne wale paimane bhi isi hisse mein aate hain.
DHYAN
Beeta hua samay aage ka vaada nahi hai
Is unit ka sabse zaroori vaakya wahi hai jo har jagah chhota chhapa hota hai: jo ho chuka hai woh aage bhi hoga, aisa koi niyam nahi. Paper is baat ko seedhe seedhe poochta hai, isliye ise ratne ki nahi, maanne ki cheez samajhna behtar hai.
Doosri aam galti 2 numbers ko bina unki avadhi dekhe compare kar dena hai. Alag samay, alag benchmark ya alag tarah ki scheme — in 3 mein se koi ek bhi alag ho toh tulna apne aap galat ho jaati hai.
Ab niyam wala hissa
Number padhna aa gaya. Agla unit batata hai ki in sab ke upar kaunse niyam lagte hain aur investor ke kya haq hain.
Legal and Regulatory Environment
Legal and Regulatory Environment: kaun kis niyam se bandha hai.
Yeh unit niyamon par hai. SEBI mutual fund industry ke upar niyam banata hai, trustees aur asset management company ki apni zimmedariyan hain, aur distributor ke liye alag code of conduct hai. Scheme ke documents kya kehte hain aur investor ke kya haq hain, yeh bhi isme aata hai.
- SEBI niyam banata hai. Trustees aur fund unhi ke andar kaam karte hain.
- Scheme ke 3 documents alag alag kaam karte hain, ek doosre ka badal nahi.
- Distributor ke liye apna code of conduct hota hai.
- Investor ke haq aur shikayat ka rasta bhi isi unit ka hissa hai.
PRACTICE SET
Is unit ke practice set mein kya hai
Kya milega
- Isi unit ke sawaal dikhata hai, alag chhaan kar.
- Har jawab ke saath likhta hai ki woh sahi kyun hai.
- Documents aur zimmedariyon ke beech ka farak saaf karta hai.
IS UNIT MEIN
Niyam, document aur haq
Yeh unit 3 hisson mein khulta hai: kaun niyam banata hai, kya likha jaata hai, aur investor ko kya milta hai.
Pehla hissa SEBI ka hai. Mutual fund se juda har bada faisla uske banaye niyamon ke andar hota hai — scheme ka banna, uska naam, uske kharche aur uski report, sab. Trustees aur asset management company dono par apni apni zimmedari daali gayi hai, aur unka farak paper baar baar poochta hai.
Doosra hissa documents ka hai. Scheme information document scheme ki poori tafseel deta hai, statement of additional information fund aur uske logon ki jaankari rakhta hai, aur key information memorandum chhota roop hai jo application ke saath jaata hai. Yeh 3 alag kaam karte hain.
Teesra hissa investor ka hai: uske haq, uski zimmedariyan, aur shikayat le jaane ka rasta. Industry ki apni sanstha, Association of Mutual Funds in India, distributor ke liye code of conduct rakhti hai, aur paise ke galat istemal rokne wale niyam bhi isi hisse mein aate hain.
DHYAN
Document ke naam yaad rakhne ka tareeka
3 documents ke naam lambe hain, isliye log unhe rat lete hain aur exam mein badal dete hain. Behtar tareeka yeh hai ki naam ki jagah kaam yaad rakha jaaye: ek poori tafseel, ek fund ke baare mein, aur ek chhota roop jo form ke saath milta hai.
Doosri baat zimmedari ki hai. Sawaal aksar yeh poochta hai ki koi kaam kiske zimme hai — trustee, asset management company, ya distributor. Jo unit 2 padh chuke ho, wahi naksha yahan phir kaam aata hai.
Aakhri unit
Niyam samajh aa gaye. Aakhri unit batata hai ki paper scheme chunne ke sawaal ko kis tarah rakhta hai.
Scheme Selection
Scheme Selection: paper is faisle ko kaise poochta hai.
Yeh unit scheme chunne ke tareeke par hai — us tareeke par, kisi scheme par nahi. Paper dekhta hai ki investor ki batayi hui haalat, uska samay aur uska goal kis category se mel khaate hain, aur kharcha aur risk uss mel ko kaise badalte hain.
- Pehle investor ki haalat aur samay, uske baad category ka sawaal.
- Kharcha har saal lagta hai, isliye woh lambi avadhi par bada asar rakhta hai.
- Beeti performance ek jaankari hai, koi kasauti nahi.
PRACTICE SET
Is unit ke practice set mein kya hai
Kya milega
- Isi unit ke practice sawaal dikhata hai, alag chhaan kar.
- Har jawab ke saath batata hai ki paper us mel ko kis tarah dekhta hai.
- Un baaton par tikta hai jo syllabus mein likhi hain.
IS UNIT MEIN
Mel ka sawaal, chunav ka nahi
Paper yeh nahi poochta ki kaunsi scheme achhi hai. Woh poochta hai ki di gayi haalat kis daayre se mel khaati hai.
Har sawaal ek chhoti si kahani deta hai: investor ke paas kitna samay hai, uska maksad kya hai, aur woh utaar-chadhav kitna jhel sakta hai. Uske baad dekha jaata hai ki kaunsi category ka daayra us kahani se mel khaata hai. Yeh mel ka sawaal hai, pasand ka nahi.
Kharcha isi mel ka hissa hai. Expense ratio har saal lagta hai, isliye jitni lambi avadhi, utna bada uska asar. Load, agar lagta ho, alag cheez hai aur alag jagah lagta hai — unit 2 aur 3 ka farak yahan phir kaam aata hai.
Beeti hui performance ko syllabus ek jaankari maanta hai, kasauti nahi. Uske saath scheme ka apna portfolio, uska daayra aur uski banawat dekhi jaati hai. Paper aksar yahi jaanchta hai ki aap in cheezon ko sahi kram mein rakh paate ho ya nahi.
DHYAN
Exam scheme ka naam nahi, tareeka poochhta hai
Exam mein jawab kisi asli scheme ka naam nahi hota. Jawab hamesha ek tareeka hota hai: di gayi haalat mein kaunsa daayra theek baithta hai, aur kis wajah se. Isliye yahan ki practice bhi wahi tareeka sikhati hai.
Saare units, ek saath
Saare 8 units ho gaye. Ab poore bank par ek saath practice karo — ussi se pata chalta hai ki kaunsa hissa kamzor rah gaya.
Is syllabus par khud ko test karo
Iski marking upar diye pass mark aur negative marking se hoti hai.
Series V-A ke 150 practice questions
Ek-ek karke answer do aur turant wajah padho. Ya is paper jaisa timed set do: pass ke liye 50%, galat answer par koi katauti nahi.
Practice shuru karo →NISM Series V-A mock test
50 sawaal ke 3 fixed paper. Ghadi is exam ki raftaar se chalti hai, aur pass mark aur negative marking iske apne hain. Submit karte hi score aur har jawab ki wajah khulti hai.
Mock test do →Har series ka practice set
Baaki certifications ke sawaal bhi hain. Har ek apne pass mark aur marking rule se check hota hai.
Har series dekho →Kaunsa NISM exam aap par laagu hota hai
Kaunsi series aapke kaam ki hai, aur har series ke lessons aur tools.
Certification hub kholo →Is site ki baaki certifications
- Series VIII — Equity Derivatives
- Series XV — Research Analyst
- Series VII — Securities Operations and Risk Management
- Series I — Currency Derivatives
- Series X-A — Investment Adviser (Level 1)
- Series IV — Interest Rate Derivatives
- Series VI — Depository Operations
- Series XVI — Commodity Derivatives
- Series XXI-A — Portfolio Management Services (PMS) Distributors
OFFICIAL MATERIAL
Exam ki jaankari aur taiyari ka check
Exam ka format, niyam aur fees NISM ki apni site par check karein. Official syllabus ke units padhein aur sawaal hal karke apni taiyari jaanchein.
Fund ke mechanism ko apne shabdon mein samjhaayein. Phir galat answer ke baad uski wajah padhein aur usi topic ka doosra sawaal karein.
NISM Series V-A: aksar poochhe sawaal
NISM Series V-A exam mein kitne sawaal hote hain?
NISM-Series-V-A: Mutual Fund Distributors Certification Examination mein 100 sawaal hote hain, kul 100 marks. Inhe 120 minute (2 ghante) mein karna hota hai.
NISM Series V-A mein pass hone ke liye kitne marks chahiye?
50%. 100 marks ke paper par iska matlab 50 marks hai. Yeh NISM ke is exam ke apne page se 3 October 2026 ko milaaya gaya.
Kya NISM Series V-A mein negative marking hai?
Nahi. NISM is exam mein negative marking nahi lagata. Isliye is paper mein khaali chhodna kabhi behtar nahi hota. Guess sirf madad kar sakta hai.
NISM Series V-A ka certificate kitne saal valid rehta hai?
Exam ki date se 3 saal. NISM apne certifications ke liye Continuing Professional Education programme bhi chalata hai. Certificate expire hone se pehle nism.ac.in par revalidation ka aaj ka tareeka dekho.
Kya is page ke practice questions NISM Series V-A exam se liye gaye hain?
Nahi. LearnNifty ne yeh saare 150 sawaal is certification ke public NISM syllabus se likhe hain. NISM apna question bank publish nahi karta. Yeh sawaal syllabus ki practice karaate hain. Paper mein kya aayega, yeh nahi bata sakte.
NISM Series V-A ke syllabus mein kya aata hai?
Is certification ke humare practice questions 8 topics mein baante gaye hain: Investment Landscape, Structure of Mutual Funds, Accounting, Valuation and Taxation, Mutual Fund Products, Investor Services, Risk, Return and Performance, Legal and Regulatory Environment, Scheme Selection. Practice set isi dhaanche par chalta hai. NISM is exam ka apna curriculum aur test objectives nism.ac.in par publish karta hai. Aapke exam ke liye jo workbook current hai, sirf wahi exam ka material hai.
LearnNifty ko NISM Series V-A exam ki yeh figures kahan se milti hain?
Sawaalon ki ginti, samay, pass mark, negative marking aur certificate validity NISM ke exam pages se hain, jo aakhri baar 3 October 2026 ko padhe gaye. Yahan ka quiz bhi inhi figures se marks deta hai. NISM inhe kabhi kabhi badalta hai, isliye register karne se pehle nism.ac.in par confirm karo.
Upar ke figures se check hone wala Series V-A paper do
Published syllabus par likhe Series V-A sawaal, isi paper ke niyamon se check — pass ke liye 50%, galat answer par koi katauti nahi. Practice mode har option samjhata hai. Timed practice submit tak answers chhupati hai.
Series V-A practice questions kholo