About the NISM Series V-D exam

Paid to NISM at registration, plus applicable taxes. Payment gateway charges are extra.

150 marks in total. Single correct answer per question. Negative marking applies.

Valid for 3 years from the examination date. Renewal means passing the V-D exam again before the current certificate expires — there is no CPE route.

Bring your admit card and an original, valid photo identity proof. Your PAN must also be furnished or updated in your NISM registration, or the passing certificate will not be issued.

Register for V-D on the NISM certification portal and pick an available centre, date and slot.

Choose your centre, date and slot during registration. NISM does not publish a V-D-specific minimum lead time, so book early anyway.

Make sure your name and PAN are correct in your NISM registration. PAN verification is required before the passing certificate is issued.

A new applicant who passes V-D is eligible to register for BOTH mutual fund and SIF distribution, subject to the applicable AMFI requirements.