About NISM VA (NISM MUTUAL FUND DISTRIBUTOR Exam):
As we all knew that NISM Certifications are very important if you want to pursue career in Indian Stock Market. SEBI (Securities and Exchange Board of India) has made certain NISM Certification examination compulsory like NISM V A and NISM VIII. We have free NISM Mock test for all these certifications.
So, NISM Certifications are very crucial. For Instance to Become Mutual Fund Distributor in India one have to clear NISM V A Exam. Only after clearing this exam one can apply for ARN number in AMFI. AMFI is an Association of Mutual Funds in India
After getting ARN (AMFI Registration number) you can apply for Empanelment with any Asset Management Company (AMC) or Mutual fund house in India. As per rules, Mutual fund distributor can join multiple fund houses or AMCs under a single ARN Code.
AMC (Asset Management Company) invests client funds into securities. AMC is basically an Mutual Fund company. AMC is a trust which hire Fund manager who invest in Stock Market on behalf of their clients through mutual fund schemes. AMCs are basically provider of mutual fund schemes.
There are 44 Asset Management Company in India. After getting ARN number an Mutual Fund Distributor can apply for all the AMCs in India. The fees of all AMCs are different from each other. So, make sure to check all their detail and pick those which suited you most.
Sometimes, freshers are not allow to give Interview for Jobs without NISM Certifications in their Resume of job application. NISM Exams are important for Distributors, Investment Advisors, Research Analyst and Stock Brokers in India.
NISM Mutual Fund Study Material:
You can buy Nism Va workbook from store or you can get previous edition of Ebook of NISM VA from here free of cost available in both hindi and english language.
We have created free Nism Mock Test with detailed explanation for every question. Each question is based on particular concept which will help you to prepare for your Nism Certification Examination.
All our questions are up to date. All this questions are based on updated syllabus of 2021. We have covered all the latest changes which happen so far in syllabus.
- For example : From 1st July 2020, Stamp duty of 0.005% will be applied on the purchase of Mutual Funds.
NISM VA Mock Test: [Free]
This Nism mock test are free for our students.
This NISM Mock Test of 100 Question covers all the topics related to this NISM Certification Examination. We have put a lot of effort to cover all the topics in our mock test.
It will only cost you Rs 1000. (But now due to Covid, We will offer our Mock test of NISM for free). So, don’t miss this opportunity and complete your studies before the deadline. Click the above link, it’s free.
We have created this Mock Test which will help you to clear NISM V A exam easily with great percentage. To get high paid jobs in Corporates and Banks you need to score more than 75%.
Our Nism Mock Test covers all the advanced topics efficiently with detailed explanation of every questions. It will definitely help you to get good score.
NISM Mock Test VA (Play And Earn):
Without furthur due let’s get started !
NISM Mutual Fund Distributors Mock Test.
#1. Which of the following are passive funds?
Exchange Traded Funds are passive funds. It was made only once by the Fund Manager then they repeat the same strategy again and again.
#2. Which of the following Funds are safest?
Fund Manager will invest your money in such a way that you got your invested returns in less than 91 days in Liquid Funds.
So safest fund is Liquid fund.
While sector funds only focus on particular sector and thematic funds only focus on one theme so they are relatively risky.
#3. What is Fund of Fund scheme in Mutual Funds?
As name suggests , Fund of Fund schemes only invest in other schemes of same Mutual Fund company.
#4. High Yield bond schemes invest in
They invest in Junk Bonds because their main objective is to yield higer returns, risk and safety is not their main concern.
#5. TDS on Mutual Funds are charge to
Indian Residents are not subjected to TDS. but NRIs have to pay TDS on Mutual Funds.
#6. STT is not charged to
STT is not applicable to debt or debt-oriented Mutual funds like Liquid funds
#7. In NPS, Tier 1 account have
Tier 2 account have unlimited withdrawal facility as it is basically savings account. While Tier 1 account have partial withdrawal facility
#8. Indexation facility is only available for
As per rules, Indexation benefits are applicable only for long terms capital gains in Debt funds.
Investment period of 3 years is considered as long term investment in debt funds.
If holding period is less than 3 years then debt funds are considered as short term.
#9. SEBI created due diligence criteria for
SEBI created due diligence criteria for big distributors to check their records on which basis they give advise to investors.
As per SEBI, Due diligence criteria are only applicable for distributors who:
- Have point of presence in more than 20 locations.
- Have received commission of over Rs.50 lakh from one AMC.
- Have received commission of over Rs. 1 crore p.a. across industry , not just one AMC.
- Have received AUM over Rs. 100 crore in non-institutional category.
#10. Which of the following Fund have lock-in period?
Exchange Traded Funds and Liquid Funds have no lock-in period while ELSS have lock-in period of 3 years. Liquid funds mostly invest in fixed income securities so they are very safe.
#11. SEBI regulates banks
SEBI regulates Stock market while RBI regulates banks in India.
List Of Chapters And Their Weightage In NISM VA:
There is no negative marking in NISM Series VA Exam. This exam is total for 100 Marks with 100 questions. While minimum marks to qualify this exam is 50. The exam duration is 2 Hours. Mode of this exam is online.
|NUMBER OF UNITS||WEIGHTAGE|
|Concept & Role of a Mutual Fund||6%|
|Fund Structure & Constituents||4%|
|Legal & Regulatory Environment||10%|
|Fund Distribution & Channel Management Practices||8%|
|Accounting , Valuation & Taxation||10%|
|Return, Risk & Performance of Funds||10%|
|Selecting the Right Investment Products for Investors||9%|
|Helping Investors with Financial Planning||7%|
|Recommending Model Portfolios & Financial Plans||8%|
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