Understanding NISM Series VA: Mutual
Praveen Dubey (SEBI Registered RA)
SP RESEARCHVIA PVT. LTD. (INH000015808)
Starting a Career as a Mutual Fund Distributor
The mutual fund industry in India has grown rapidly with the 'Mutual Funds Sahi Hai' campaign. The NISM Series VA certification is the prerequisite to get an AMFI Registration Number (ARN).
What is the ARN and how is it related to NISM Series VA?
After passing the NISM V-A exam (50% passing score), candidates apply to the Association of Mutual Funds in India (AMFI) to obtain an ARN number, allowing them to distribute mutual funds legally.
Syllabus Overview
- Concept and Structure of Mutual Funds in India.
- Types of funds (Equity, Debt, Hybrid, Liquid, Index funds).
- Net Asset Value (NAV) calculation and entry/exit loads.
- Taxation of mutual fund returns (LTCG, STCG).
Written by Praveen Dubey
Chief Research Analyst | SEBI Reg: INH000015808
Statutory Warning & Risk Disclaimer: Investment in securities market is subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Content provided on this blog is for informational and educational purposes only.