About NISM MFD Exam
The NISM Mutual Fund Distributors Certification establishes a basic knowledge standard for anyone involved in selling and distributing mutual funds, including:
- Individual Mutual Fund Distributors
- Employees of companies engaged in mutual fund sales and distribution
- Employees of Asset Management Companies (AMCs), especially those involved in mutual fund sales
This certification aims to improve the quality of sales, distribution, and support services in the mutual fund industry.
Want to crack the exam? Practice with our premium-quality mock tests designed to match the real exam experience.
MFD Exam Objectives
- Learn the basics of mutual funds, their structure, and different types of schemes and features.
- Understand how mutual funds are marketed, how to evaluate schemes, and recommend suitable products to investors.
- Gain knowledge of legal, accounting, valuation, and taxation aspects related to mutual funds and their distribution.
- Use financial planning as a tool to guide clients and build long-term relationships.
Important Info
- NISM Exams Fees: Rs.1500+
- Exam Duration: 2 Hours
- eNo. of Questions: 100
- Total Marks: 100
- Pass Percentage: 50
- ONegative Marks: None
- Certificate Validity: 3 Years
Important Links
Chapter-wise Weightage
| # | Chapters | Weightage |
| 1 | Investment Landscape | 8% |
| 2 | Concept And Role Of A Mutual Fund | 6% |
| 3 | Legal Structure Of Mutual Funds In India | 4% |
| 4 | Legal And Regulatory Framework | 10% |
| 5 | Scheme Related Information | 10% |
| 6 | Fund Distribution And Channel Management | 6% |
| 7 | Net Asset Value, Total Expense Ratio And Pricing of Units | 8% |
| 8 | Taxation | 4% |
| 9 | Investor Services | 15% |
| 10 | Risk, Return And Performance Of Funds | 7% |
| 11 | Mutual Fund Scheme Performance | 7% |
| 12 | Mutual Fund Scheme Selection | 15% |
| Total | 100% |
FAQs on NISM MFD Exam
1. Who can take the Mutual Fund Distributors Certification Exam?
This exam is open to:
- Distributors, agents, brokers, sub-brokers, or anyone involved in mutual fund sales and distribution.
- Students and professionals interested in learning about mutual funds.
- Any other individuals seeking certification.
2. Who is required to take this exam?
This exam is mandatory for individuals engaged or to be engaged in the sale or distribution of mutual funds, as per the NISM directive dated May 5, 2010.
However, a large number of students also take this exam to boost their chance of getting a job in the mutual fund industry.
3. How can I register for the exam?
You can register online through the following:
- NISM’s official website: NISM Certification Portal
After registering, select your preferred test center, date, and time slot, and follow the instructions provided by the test administrator.
4. What is the exam fee?
The registration fee for the exam is ₹1,500 excluding applicable taxes. Please cross check here for any changes in the fee.
5. What is the structure of the examination?
- Total Marks: 100
- Number of Questions: 100
- Time Limit: 2 hours
- Passing Score: 50%
- Negative Marking: None
6. Is study material available for preparation?
Yes, after enrolling, you will receive a free soft copy of the workbook/study material. If you face issues, contact the NISM test administrator at certification@nism.ac.in.
You can also purchase hard copies through Taxmann Publications.
Follow our News and Updates page for various tips and tricks that will help in your preparation for this exam.
7. Can I access sample questions or mock tests?
Sample questions are included at the end of each chapter in the workbook. You can also access our NISM MFD mock tests prepared by ex-NISM officials and improve your chances of passing the exam.
8. When will I receive my certificate after passing the exam?
If you provided your PAN during registration, you’ll receive the certificate within two weeks. Without PAN, you will only receive a temporary mark sheet.
9. How do I get my certificate if I didn’t provide my PAN during registration?
Submit your PAN details to the test administrator anytime after the exam. Once verified, your certificate will be issued at no extra cost.
10. What is the validity of the certificate, and how can I renew it?
The certificate is valid for 3 years from the exam date.
To renew, you must either:
- Take the NISM Continuing Professional Education (CPE) program, or
- Reappear for the Mutual Fund Distributors Certification Examination before the certificate expires.