Nism VA Certification: Objective, Preparation Tips, Fees, Exam Certificate

What is Nism VA Certification Examination ?

NISM Series VA: Mutual Fund Distributor Examination aims to establish a benchmark for a basic minimum knowledge for all the individuals engaged in the sale and distribution of mutual funds, including:

  • Distributors of individual mutual funds
  • Employees of companies involved in the selling and distribution of mutual funds
  • Employees of wealth management firms specifically engaged in the selling and distribution of mutual funds

How to Select NISM VA Certification

If you are someone who is interested in forging a career as a mutual fund advisor or distributor, then you have landed on the right page! Here you will find all the information you need about NISM Series VA: Mutual Fund Distributor Examination.

Structure of Nism VA Certification:

The test consists of 100 questions of 1 mark each and has a duration of 2 hours. The passing score for the exam is 50%. No negative marking shall be given.

How to register for the NISM Series-VA Certification Examination?

Candidates can register for the exam by accessing the below-mentioned website.

For registration, the applicant would need to fill the basic details, such as name, date of birth, occupation, education etc. Along with that, the applicant needs to upload a scanned copy of PAN Card & photograph. Upon completion, the candidate will receive an NISM registration number and an account activation link.

After activating the account, the applicants will need to pick a test venue, date and time slot of their choice on the NISM website.

Here is a step-by-step guide to registering for an NISM VA Certification exam:

  • Go to the NISM website and register your account.
  • Fill in all the required details and upload the required documents. It takes about three days for a profile to get approved.
  • Post approval, log into your NISM account and book NISM Series VA examination. This entails entering date, time and city of examination. You can also opt for an online examination.
  • Pay the fee of INR 1500.

On exam day:

Whenever the applicant arrives for the examination at the designated testing center, the invigilator will verify his / her identity by checking the admit card and an original identity proof, which can be any one of PAN Card, Driving License, Passport, College ID Card, Employee ID Card, UID etc. The invigilator lets the applicant appear for the exam when he is comfortable after checking the documents.

Fee Structure of Nism VA Certification Examination:

The fees applicable to “NISM VA: Mutual Fund Distributors Examination” is Rs.1,500+GST.

Objective of the Exam

On successfully passing the exam, the candidate is expected to:

  • Know the basics of the mutual funds, their function and structure, various types of mutual fund schemes and their characteristics
  • Understand the distribution of mutual funds in the markets, how to analyze the MF schemes and how to recommend suitable products to customers and prospective investors.
  • Get an orientation to the legalities, accounting, valuation and tax aspects that underlie mutual funds and their distribution process.
  • Get to know financial planning as an approach to investing in mutual funds, as an opportunity for the MF distributors to establish long-term relationships with their customers.

Preparation Tips for Nism VA Certification Examination:

If you are registered on the NISM website for the test, you will receive a workbook with full syllabus and related content. The workbook is fully comprehensive and covers the whole syllabus.

Here are few tips to prepare for the exam:

  • Perhaps the first thing candidates should bear in mind is to pursue the right study material for the preparation of the test. The softcopy of the workbook provided by NISM is more than enough to clear the exam. And if you prefer the physical copy, you can purchase the hardcopy here:

Purchase Online NISM Workbooks

  • Make sure you plan each lesson separately and practice a lot on the topics you are uncomfortable with.
  • Don’t just focus on one question as it will consume the time needed to answer the questions you might be able to answer accurately. Leave the last minutes for tough questions, and focus more on other topics.
  • NISM mock tests can prove immensely helpful for people preparing for the NISM VA Certification Examination. These mock tests not only aid in measuring your level of preparation but also get you familiar with the exam pattern, thereby reducing anxiety when you actually appear for the exam. Some applicants even only use these mock tests to prepare for their exam. 

Receival of certificate after passing NISM Mutual Fund Distributor Certification Examination:

After passing the exam, results will be displayed on the screen and a digital certificate of passing will be mailed to the applicant.

Only the applicants who produced their Permanent Account Number (PAN) card during registration will receive the physical copy of the NISM Certificate within two weeks of appearing for the exam.

Candidates who did not provide their PAN details during registration may submit their PAN details to the test administrator with whom they have registered at any time after taking the exam. The applicant will receive the certificate from the test administrator after the verification of PAN information. No extra payments are needed to obtain the certificate.

Validity and Renewal of certificate

The certificate is valid for 3 years from the exam date. The certificate is revalidated for a period of three years after the candidate completes the Continuing Professional Education (CPE) program or successfully passes the NISM Series-VA exam before the expiry of the certificate as defined by NISM.

Re-evaluation of NISM Certificate Examination

NISM doesn’t permit the re-evaluation of the performance of the candidates who appeared for the exam, since the assessment of answers is conducted in an objective way through an electronic system made for the exam. This avoids any kind of human error & intervention.

Also, NISM doesn’t permit the disclosure of questions that appeared in the exam, to maintain the confidentiality of the program.

FAQs- NISM Mutual Fund Distributor Certification Exam

NISM VA Exam is organized by NISM. Only after clearing this certification x,, the prospect gets the ARN number and becomes mutual fund agent and distributor. The NISM exam seeks to construct a common required knowledge standard for all the involved candidates in mutual funds distribution and sales including the individual and employees of the AMC or distributors.  

According to the details furnished by NISM by the association of the Mutual funds website, an individual can take the NISM VA exam either in hindi or english and the mode of NISM VA exam is offline for Hindi language and for English both modes are available. The aspirants can register for the same throughout the NISM official website by clicking on the NISM VA exam registration link.

  • There will be 100 questions in the exam.
  • Each question will have 1 mark which makes 100 marks.
  • No negative marking in the exam
  • To qualify or pass, the aspirant needs to score at least 50% i.e. 50 mark
  • Login to NISM and click on new account option
  • Complete your registration profile with a passport size photo, PAN and aadhar card scanned copies.
  • The profile will get approved in 3 days
  • Login to book the NISM VA exam
  • Booking inculcates the selection time slot, city and a payment of around Rs 1,500.
  • The workbook will be available on the NISM portal for downloading
  • After clearing the exam, you can apply for ARN

People who have cleared the NISM Series VA Mutual Funds Distributor Certification Examination can apply with the AMFI or Association of Mutual Funds in India. The regulatory body issues ARN code or AMFI Registration Number, which is mandatory for everyone marketing or selling units of mutual funds schemes to investors.  

Applicants who wish to appear for the NISM VA Certification Exam must pay a fee of INR 1500 at the time of registration. This fee is exclusive of any taxes.

The NISM VA Exam has 100 questions for one marks each. You must score at least 50 per cent to clear the exam and obtain the NISM VA Certification.

While most NISM Certification exams have negative marking of 25% of the marks assigned to the question, NISM VA examination is among the few tests with no negative marking.

Yes. NISM shares a soft copy of study material with every applicant who registers to appear for the NISM VA Certification Examination.

There are several options available for fee payment. You can pay it online using a debit card or through net banking. Moreover, you can also pay your fee offline through a demand draft.  

Jay P Rupawala

49.3k Views | 565 days ago

Join us as a Digital Partner Where You're not a Sub-Broker, you're PARTNER !!!

Frequently Asked Questions (FAQs)

To be a Regnum Digital Partner, if you already have AMFI Registration Number (ARN), then a simple empanelment process can get you started.

Click here to Join Regnum Wealth

The amount to be paid depends upon two factors – Either you are an ARN Holder or Non – ARN Holder.
  • Existing ARN Holder – No charges. Absolutely Free.
  • Non – ARN Holder – Rs. 2950 charges for NISM training if the partner desires. Optimally, he can clear the NISM exam on his own and take ARN without paying these charges.

Click here to Join Regnum Wealth

Absolutely not! There is no renewal charge to be paid..

Click here to Join Regnum Wealth

After getting enrolled as the Regnum Digital Partner, one can immediately start distribution of:
  • Mutual Funds
  • Fixed Deposits
  • AIF
  • PMS
  • NPS
  • Bonds

Click here to Join Regnum Wealth

The services available at Regnum Wealth are free of cost, including the Partner Portal and Client Portal.

Click here to Join Regnum Wealth

Simply, login to  and fill out the form. Your details will be captured and you will receive a call from Team Regnum Wealth.

Click here to Join Regnum Wealth

There are multiple benefits available with Regnum Wealth Mutual Fund Software like:
  • All financial products through one single online platform.
  • Inbuilt Online KYC for new investors.
  • Onboard client in just 80 Seconds.
  • Competely online transaction execution
  • No Hidden charges or cost
  • Easy to access reports like portfolio report, capital gain / loss report, cash-flow report, etc
  • Tools to grow business like calculators, financial planner, model portfolio, etc
  • Engage your customers with digital content that can be shared on whatsapp and facebook

Click here to Join Regnum Wealth

  • 24*7 available portal
  • Dedicated relationship managers(Digital Franchise) to manage the path for success
  • Portfolio reviews and restructuring as per client’s requirements
  • Paperless experience for both distributors and clients
  • Transform offline office to virtual office

Click here to Join Regnum Wealth

close slider
[contact-form-7 id="803" title="Contact Form"]