Exam ki taiyari
Series V-D: mutual fund, SIF aur derivatives ki padhai
NISM Series V-D mein mutual funds, SIF aur derivatives aate hain. Paper ka dhaancha, chapters aur practice ka rasta seedhi bhasha mein samjho.
Sawaal aur jawaab English mein hain, kyunki NISM ka exam paper bhi English mein hota hai.
NISM Series V-D Mutual Fund - Specialized Investment Fund Distributors
Exam ke niyam NISM ki site par 30 October 2026 ko padhe gaye. NISM ki site par aaj ke niyam dekho (naye tab mein khulta hai)
- Yeh exam mutual fund aur SIF bechne ke kaam par hai.
- 150 sawaal, har sawaal 1 mark ka. Pass ke liye 150 mein se 90 marks.
- Galat jawab par 0.1 mark katta hai, khaali chhodne par nahi.
- Certificate 3 saal tak valid rehta hai.
Series V-D certification kis kaam ke liye hai
EXAM KYA HAI
Fund bechne wale ka paper
SIF ek naya fund hai jo mutual fund ke dhaanche mein chalta hai. Iski kuch strategies derivatives use karti hain.
Pehla hissa mutual fund ka hai. Isme fund ka dhaancha, niyam, documents, NAV, tax, investor ki sevaayein aur scheme chunna aata hai.
Doosra hissa equity derivatives ka hai, jaise futures, options aur unki strategies. Teesra hissa interest rate derivatives ka hai.
Yeh kaun deta hai
Distributors, agents, brokers and others who sell or distribute mutual fund and SIF products. Students and other learners may also take it.
Yeh is site par kyun hai
Learn how a fund's costs, risks and rules affect an investor. The derivatives part explains futures and options, which some SIF strategies use to hedge or to go short.
Exam format ek nazar mein
150 multiple-choice sawaal, har sawaal 1 mark ka, 180 minute mein. Pass ke liye 60% chahiye. Galat answer par 0.1 mark katta hai.
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 150 marks ka hai, aur pass ke liye 90 marks chahiye. Galat answer par us sawaal ke 10% marks katte hain — yahan 0.1 marks. Khaali sawaal par na kuch milta hai, na katta hai. Isliye galat answer aur khaali sawaal ek jaise nahi hain.
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 (150 sawaal ke liye 180 minute).
Syllabus units, aur har unit kitne marks ki
22 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. Marks column published syllabus outline se hai. Jahan humari 2 headings ek published unit mein aati hain, wahan us unit ke poore marks dikhaye gaye hain. Koi source unhe alag headings mein nahi baantta.
Saanjha unit apne poore marks har heading ke neeche dikhata hai. Isliye marks column ka jod 150 nahi banta — published units ka banta hai.
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.
Pehle mutual fund ka kaam samjho. Phir futures, options aur interest rate contracts padho.
- Har chapter ke baad uske sawaal karo.
- Galat answer ki wajah padho.
V-D ko samajhne ka rasta
PADHAI KA TAREEKA
Khud hisaab karo
Hisaab khud karo. Phir explanation se apna tareeka milao.
The Investment Landscape
Paisa lagane ki duniya
Har goal ka samay aur zaroorat alag hoti hai. Paisa jaldi chahiye toh safety aur liquidity pehle aati hai.
- Asli return mehngai ke baad bachta hai. Nuksaan ka darr bhi faislon ko bigaad sakta hai.
IS UNIT MEIN
Paisa lagane ki duniya
Har goal ka samay aur zaroorat alag hoti hai. Paisa jaldi chahiye toh safety aur liquidity pehle aati hai.
DHYAN
Yeh farq yaad rakho
Asli return mehngai ke baad bachta hai. Nuksaan ka darr bhi faislon ko bigaad sakta hai.
Concept & Role of a Mutual Fund
Mutual fund kya hai
Mutual fund bahut logon ka paisa ek saath lagata hai. Har investor ko uske paise ke hisaab se units milte hain.
- Open-ended scheme mein units fund se kabhi bhi liye aur lautaye ja sakte hain. Close-ended scheme ki ek tay muddat hoti hai.
IS UNIT MEIN
Mutual fund kya hai
Mutual fund bahut logon ka paisa ek saath lagata hai. Har investor ko uske paise ke hisaab se units milte hain.
DHYAN
Yeh farq yaad rakho
Open-ended scheme mein units fund se kabhi bhi liye aur lautaye ja sakte hain. Close-ended scheme ki ek tay muddat hoti hai.
Legal Structure of Mutual Funds in India
Mutual fund ka kanooni dhaancha
Sponsor fund banata hai. Trustees nigrani karte hain. AMC paisa sambhalti hai.
- Custodian securities surakshit rakhta hai. RTA investor ke records sambhalta hai.
IS UNIT MEIN
Mutual fund ka kanooni dhaancha
Sponsor fund banata hai. Trustees nigrani karte hain. AMC paisa sambhalti hai.
DHYAN
Yeh farq yaad rakho
Custodian securities surakshit rakhta hai. RTA investor ke records sambhalta hai.
Legal and Regulatory Framework
Niyam aur regulator
SEBI securities market ka regulator hai. AMFI mutual fund industry ka sangathan hai.
- Ad mein purana return future ka vaada nahi ban sakta. Shikayat ke liye SEBI ka SCORES rasta hai.
IS UNIT MEIN
Niyam aur regulator
SEBI securities market ka regulator hai. AMFI mutual fund industry ka sangathan hai.
DHYAN
Yeh farq yaad rakho
Ad mein purana return future ka vaada nahi ban sakta. Shikayat ke liye SEBI ka SCORES rasta hai.
Scheme Related Information
Scheme ke documents
SID scheme ki baatein batata hai. SAI fund ki common jaankari deta hai. KIM inka chhota saar hai.
- Scheme ka naam padhkar faisla mat karo. Uska asli risk aur nivesh ka tareeka padho.
IS UNIT MEIN
Scheme ke documents
SID scheme ki baatein batata hai. SAI fund ki common jaankari deta hai. KIM inka chhota saar hai.
DHYAN
Yeh farq yaad rakho
Scheme ka naam padhkar faisla mat karo. Uska asli risk aur nivesh ka tareeka padho.
Fund Distribution and Channel Management Practices
Distributor ka kaam
Distributor scheme ko client ki zaroorat se milata hai. Commission aur conflicts saaf batata hai.
- Online order ka record, consent aur samay sambhal kar rakho. Distribution aur advice alag kaam hain.
IS UNIT MEIN
Distributor ka kaam
Distributor scheme ko client ki zaroorat se milata hai. Commission aur conflicts saaf batata hai.
DHYAN
Yeh farq yaad rakho
Online order ka record, consent aur samay sambhal kar rakho. Distribution aur advice alag kaam hain.
Net Asset Value, Total Expense Ratio and Pricing of Units
NAV aur kharcha
NAV ek unit ki value hai. TER fund ka saalana kharcha hai, jo NAV mein se katta hai.
- Kam NAV ka matlab sasta fund nahi hai. Direct plan mein distributor ka kharcha nahi judta.
IS UNIT MEIN
NAV aur kharcha
NAV ek unit ki value hai. TER fund ka saalana kharcha hai, jo NAV mein se katta hai.
DHYAN
Yeh farq yaad rakho
Kam NAV ka matlab sasta fund nahi hai. Direct plan mein distributor ka kharcha nahi judta.
Taxation
Tax ki samajh
Gain short-term hai ya long-term, yeh holding period aur fund ki type se tay hota hai.
- Loss ko sirf niyam ke hisaab se gain ke saath set off kar sakte ho. Current rates official source se check karo.
IS UNIT MEIN
Tax ki samajh
Gain short-term hai ya long-term, yeh holding period aur fund ki type se tay hota hai.
DHYAN
Yeh farq yaad rakho
Loss ko sirf niyam ke hisaab se gain ke saath set off kar sakte ho. Current rates official source se check karo.
Investor Services
Investor ki sevaayein
KYC investor ki pehchaan jaanchta hai. SIP, SWP aur STP paisa lagane aur nikalne ke tareeke hain.
- SWP mein units redeem hote hain, isliye capital ghat sakta hai. Minor bada ho jaaye toh folio ke records update karo.
IS UNIT MEIN
Investor ki sevaayein
KYC investor ki pehchaan jaanchta hai. SIP, SWP aur STP paisa lagane aur nikalne ke tareeke hain.
DHYAN
Yeh farq yaad rakho
SWP mein units redeem hote hain, isliye capital ghat sakta hai. Minor bada ho jaaye toh folio ke records update karo.
Risk, Return and Performance of Funds
Risk aur return
Fund ka return hamesha uske risk ke saath dekho. Standard deviation utaar-chadhaav naapta hai.
- Credit risk mein borrower paisa nahi chuka paata. Interest rate badhne par bond ki keemat girti hai.
IS UNIT MEIN
Risk aur return
Fund ka return hamesha uske risk ke saath dekho. Standard deviation utaar-chadhaav naapta hai.
DHYAN
Yeh farq yaad rakho
Credit risk mein borrower paisa nahi chuka paata. Interest rate badhne par bond ki keemat girti hai.
Mutual Fund Scheme Performance
Fund ka performance
Fund ko uske sahi benchmark se milao. Total return index mein dividend bhi gina jaata hai.
- 3 mahine ka top fund aage bhi top rahe, yeh zaroori nahi. Tracking error index fund ka farq naapta hai.
IS UNIT MEIN
Fund ka performance
Fund ko uske sahi benchmark se milao. Total return index mein dividend bhi gina jaata hai.
DHYAN
Yeh farq yaad rakho
3 mahine ka top fund aage bhi top rahe, yeh zaroori nahi. Tracking error index fund ka farq naapta hai.
Mutual Fund Scheme Selection
Sahi scheme chunna
Pehle goal, samay aur risk sehne ki taakat dekho. Phir scheme ka plan aur kharcha milao.
- Risk pasand hona aur nuksaan seh paana alag baatein hain. Jaldi chahiye paisa volatile fund mein rakhna jokhim hai.
IS UNIT MEIN
Sahi scheme chunna
Pehle goal, samay aur risk sehne ki taakat dekho. Phir scheme ka plan aur kharcha milao.
DHYAN
Yeh farq yaad rakho
Risk pasand hona aur nuksaan seh paana alag baatein hain. Jaldi chahiye paisa volatile fund mein rakhna jokhim hai.
Basics of Derivatives
Derivatives ki shuruaat
Derivative ki value kisi underlying se judi hoti hai. Ise hedging, speculation ya arbitrage ke liye use karte hain.
- Arbitrage mein 2 saude ek saath hote hain aur keemat ka farq pakadte hain. Leverage se nuksaan bhi bada ho sakta hai.
IS UNIT MEIN
Derivatives ki shuruaat
Derivative ki value kisi underlying se judi hoti hai. Ise hedging, speculation ya arbitrage ke liye use karte hain.
DHYAN
Yeh farq yaad rakho
Arbitrage mein 2 saude ek saath hote hain aur keemat ka farq pakadte hain. Leverage se nuksaan bhi bada ho sakta hai.
Understanding Index
Index ko samjho
Index market ke ek hisse ki chaal dikhata hai. Fund ka performance index se milaya jaata hai.
- Index ke har share ka return ek jaisa nahi hota. Index ka plan padho ki weight kaise tay hota hai.
IS UNIT MEIN
Index ko samjho
Index market ke ek hisse ki chaal dikhata hai. Fund ka performance index se milaya jaata hai.
DHYAN
Yeh farq yaad rakho
Index ke har share ka return ek jaisa nahi hota. Index ka plan padho ki weight kaise tay hota hai.
Introduction to Forwards and Futures
Forward aur futures
Futures exchange par standard contract hai. Forward 2 logon ke beech ka alag deal hai.
- Central clearing counterparty risk sambhalta hai, market ka nuksaan nahi rokta. Expiry par futures underlying ki keemat se milta hai.
IS UNIT MEIN
Forward aur futures
Futures exchange par standard contract hai. Forward 2 logon ke beech ka alag deal hai.
DHYAN
Yeh farq yaad rakho
Central clearing counterparty risk sambhalta hai, market ka nuksaan nahi rokta. Expiry par futures underlying ki keemat se milta hai.
Introduction to Options
Options ki shuruaat
Call buyer ko strike par underlying lene ka haq milta hai, zimmedari nahi. Premium is haq ki keemat hai.
- European option sirf expiry par exercise hota hai. Option writer par zimmedari hoti hai.
IS UNIT MEIN
Options ki shuruaat
Call buyer ko strike par underlying lene ka haq milta hai, zimmedari nahi. Premium is haq ki keemat hai.
DHYAN
Yeh farq yaad rakho
European option sirf expiry par exercise hota hai. Option writer par zimmedari hoti hai.
Strategies Using Equity Futures and Equity Options
Futures aur options ki strategies
Hedge nuksaan kam kar sakta hai, par poora khatam nahi karta.
- Portfolio aur hedge ka exposure ek jaisa na ho toh nuksaan bach sakta hai. Har strategy ka breakeven khud nikalo.
IS UNIT MEIN
Futures aur options ki strategies
Hedge nuksaan kam kar sakta hai, par poora khatam nahi karta.
DHYAN
Yeh farq yaad rakho
Portfolio aur hedge ka exposure ek jaisa na ho toh nuksaan bach sakta hai. Har strategy ka breakeven khud nikalo.
Introduction to Interest Rate, Interest Rate Instruments and Fixed Income Markets
Interest rate aur bond market
Bond ek loan jaisa hai jismein coupon milta hai. Rate badhne par bond ki keemat girti hai.
- Yield aur coupon alag hain. Duration batata hai ki rate badalne par keemat kitni hilti hai.
IS UNIT MEIN
Interest rate aur bond market
Bond ek loan jaisa hai jismein coupon milta hai. Rate badhne par bond ki keemat girti hai.
DHYAN
Yeh farq yaad rakho
Yield aur coupon alag hain. Duration batata hai ki rate badalne par keemat kitni hilti hai.
Interest Rate Derivatives
Interest rate derivatives
Interest rate swap mein fixed aur floating interest ke cash flow badle jaate hain.
- Swap mein principal aam taur par nahi badla jaata. Hisaab sirf notional amount par hota hai.
IS UNIT MEIN
Interest rate derivatives
Interest rate swap mein fixed aur floating interest ke cash flow badle jaate hain.
DHYAN
Yeh farq yaad rakho
Swap mein principal aam taur par nahi badla jaata. Hisaab sirf notional amount par hota hai.
Exchange Traded Interest Rate Futures
Interest rate futures
Interest rate futures exchange par standard size mein milte hain. Har din mark-to-market hota hai.
- Bond par faayda ho tab bhi futures ke nuksaan ke liye cash chahiye ho sakta hai.
IS UNIT MEIN
Interest rate futures
Interest rate futures exchange par standard size mein milte hain. Har din mark-to-market hota hai.
DHYAN
Yeh farq yaad rakho
Bond par faayda ho tab bhi futures ke nuksaan ke liye cash chahiye ho sakta hai.
Exchange Traded Interest Rate Options
Interest rate options
Option buyer premium deta hai aur use haq milta hai. Writer par zimmedari hoti hai.
- Intrinsic value aur time value alag hain. Implied volatility ek model se nikalti hai.
IS UNIT MEIN
Interest rate options
Option buyer premium deta hai aur use haq milta hai. Writer par zimmedari hoti hai.
DHYAN
Yeh farq yaad rakho
Intrinsic value aur time value alag hain. Implied volatility ek model se nikalti hai.
Strategies Using Interest Rate Derivatives
Interest rate hedge ki strategies
Forward rate agreement date aur amount ke hisaab se banaya ja sakta hai. Futures standard size mein aate hain.
- Futures hedge ke liye size aur maturity adjust karni pad sakti hai. Har hedge ka bacha hua risk dekho.
IS UNIT MEIN
Interest rate hedge ki strategies
Forward rate agreement date aur amount ke hisaab se banaya ja sakta hai. Futures standard size mein aate hain.
DHYAN
Yeh farq yaad rakho
Futures hedge ke liye size aur maturity adjust karni pad sakti hai. Har hedge ka bacha hua risk dekho.
Is syllabus par khud ko test karo
Iski marking upar diye pass mark aur negative marking se hoti hai.
PADHAI KA RASTA
1 chapter padho, phir uske sawaal karo
Is paper mein hisaab wale sawaal bhi hain, jaise NAV, units, real return aur hedge ka nateeja. Inhe chapter ke hisaab se practise karo, taaki galti ka hissa saaf dikhe.
Yeh pages NISM ki official workbook ki jagah nahi lete. Exam ke liye NISM ki current workbook bhi padho.
Series V-D ke 150 practice questions
Ek-ek karke answer do aur turant wajah padho. Ya is paper jaisa timed set do: galat answer par 0.1 marks katte hain, pass ke liye 60%.
Practice shuru karo →NISM Series V-D 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 V-A — Mutual Fund Distributors
- 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
- Series XII — Securities Markets Foundation
- Series XIII — Common Derivatives
- Series III-A — Securities Intermediaries Compliance (Non-Fund)
- Series IX — Merchant Banking
- Series XIX-A — Alternative Investment Funds (Category I and II) Distributors
- Series XXI-B — Portfolio Managers
- Series II-B — Registrars to an Issue and Share Transfer Agents - Mutual Fund
- Series II-A — Registrars to an Issue and Share Transfer Agents - Corporate
NISM Series V-D: aksar poochhe sawaal
NISM Series V-D exam mein kitne sawaal hote hain?
NISM-Series-V-D: Mutual Fund - Specialized Investment Fund Distributors Certification Examination mein 150 sawaal hote hain, kul 150 marks. Inhe 180 minute (3 ghante) mein karna hota hai.
NISM Series V-D mein pass hone ke liye kitne marks chahiye?
60%. 150 marks ke paper par iska matlab 90 marks hai, galat answers par negative marking lagne ke baad. Yeh NISM ke is exam ke apne page se 30 October 2026 ko milaaya gaya.
Kya NISM Series V-D mein negative marking hai?
Haan. Galat answer par sawaal ke 10% marks katte hain. Yahan har sawaal 1 mark ka hai, isliye galat answer par 0.1 marks katte hain. Khaali sawaal par na kuch milta hai, na katta hai. Isliye galat answer aur khaali sawaal ek jaise nahi hain.
NISM Series V-D 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-D 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-D ke syllabus mein kya aata hai?
Is certification ke humare practice questions 22 topics mein baante gaye hain: The Investment Landscape, Concept & Role of a Mutual Fund, Legal Structure of Mutual Funds in India, Legal and Regulatory Framework, Scheme Related Information, Fund Distribution and Channel Management Practices, Net Asset Value, Total Expense Ratio and Pricing of Units, Taxation, Investor Services, Risk, Return and Performance of Funds, Mutual Fund Scheme Performance, Mutual Fund Scheme Selection, Basics of Derivatives, Understanding Index, Introduction to Forwards and Futures, Introduction to Options, Strategies Using Equity Futures and Equity Options, Introduction to Interest Rate, Interest Rate Instruments and Fixed Income Markets, Interest Rate Derivatives, Exchange Traded Interest Rate Futures, Exchange Traded Interest Rate Options, Strategies Using Interest Rate Derivatives. 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-D 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 30 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.
Kya NISM Series V-D exam mein calculator allowed hai?
Test centre par haan. NISM ke candidate rules aapko apna calculator laane dete hain. Woh silent hona chahiye aur kisi computer se juda nahi hona chahiye. Remote proctored exam mein apna calculator use nahi kar sakte. Screen par ek scientific calculator milta hai. Exam se pehle nism.ac.in par NISM ke candidate rules check karein.
Upar ke figures se check hone wala Series V-D paper do
Published syllabus par likhe Series V-D sawaal, isi paper ke niyamon se check — pass ke liye 60%, galat answer par 0.1 marks katte hain. Practice mode har option samjhata hai. Timed practice submit tak answers chhupati hai.
Series V-D practice questions kholoPaper Trading Practice trading desk par try karo