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SOONLesson 3 · Mutual Fund Basics
2 minAn open-ended fund lets you buy or sell units…
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Practice with adaptive mock tests.
Full-length, SEBI-pattern mocks that get harder where you're strong and gentler where you're stuck. After each attempt, your Preparedness Score tells you exactly how ready you are.
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Walk into the exam hall knowing you're ready. Then use Career Pathways to map your new certification to real roles — Research Analyst, Mutual Fund Distributor, Investment Adviser and more.
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This is a real question from our NISM Series V-A bank. Click an answer and see how PrepClever teaches: instant feedback, then the "why" behind it.
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NISM Series V-A · Topic: NAV
A fund has total assets of ₹520 crore, liabilities of ₹20 crore, and 25 crore units outstanding. What is its NAV?
Sample question · NISM V-A Mock
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The engine behind the magic
Four systems working together to make sure what you learn today is still there on exam day.
Streaks
Daily goals and streaks turn five minutes a day into an unbreakable habit.
Spaced Repetition
Concepts resurface right before you'd forget them — so recall becomes automatic.
AI Explanations
Every answer — right or wrong — gets a clear, step-by-step explanation in plain language.
Progress Analytics
Topic-by-topic breakdowns show exactly where you stand and what to do next.
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The core learning experience is free — practice questions, guides, and progress tracking. Premium adds full-length mocks, AI study plans, and detailed analytics, with a 7-day free trial and no credit card required.
Which NISM series do you cover?
All 26 NISM certification series are covered, including Series V-A (Mutual Fund Distributors), VIII (Equity Derivatives), X-A/X-B (Investment Adviser), and XV (Research Analyst) — each with mocks built on the latest SEBI exam pattern.
When are Banking, SSC, and CFA launching?
They're on the 2026 roadmap, launching in stages. Join the waitlist for your exam and you'll get early access (plus a founding-learner discount) the day it goes live.
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Simple: if you're not happy within the first 7 days of a paid plan, email us and we'll refund you in full — no forms, no interrogation. After that, you can cancel anytime and keep access until your billing period ends.
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Yes! We partner with colleges, training institutes, and finance creators for bulk licenses, co-branded prep programs, and affiliate collabs. Pick "Partnerships" in the form above and tell us what you have in mind.
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No credit card · Cancel anytime · All 26 NISM series covered