NISM Series II-B Registrars and Transfer Agents (Mutual Fund): pattern, syllabus and full mock tests
NISM Series II-B is the SEBI-mandated certification for associated persons of a Registrar and Transfer Agent (RTA), such as CAMS or KFintech, who service mutual fund investors: processing transactions, maintaining unitholder records and handling investor requests.
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Access exam-specific mock tests directly from your Android device.Trusted by learners and rated 4.6★ on Google Play.NISM-Series-II-B: Registrars to an Issue and Share Transfer Agents - Mutual Fund Certification Examination is conducted by the National Institute of Securities Markets (NISM), the institute set up by SEBI. NISM Series II-B is the SEBI-mandated certification for associated persons of a Registrar and Transfer Agent (RTA), such as CAMS or KFintech, who service mutual fund investors: processing transactions, maintaining unitholder records and handling investor requests.
Eligibility Criteria
schoolEducation
NISM publishes no minimum educational qualification for this exam.
cakeAge Limit
No prescribed minimum age.
flagNationality
No nationality condition is published.
Exam Pattern
NISM Series II-B is a single computer-based exam of 100 questions for 100 marks, in 2 hours. The passing score is 50% (50 marks), with no negative marking. The certificate is valid for 3 years. NISM publishes no chapter weightage for this exam.
NISM Series II-B Certification Exam
Computer-based120 min| Section | Questions | Marks |
|---|---|---|
| All 15 chapters | 100 | 100 |
Key Topics & Syllabus
1. Securities basics (chapters I-IV)
- check_circleIntroduction to Securities
- check_circleCharacteristics of Equity Shares
- check_circleCharacteristics of Debt Securities
- check_circleCharacteristics of Other Securities
2. SEBI and the RTA rulebook (chapters V-VII)
- check_circleSEBI: Role and Regulations
- check_circleBasics of Registrars and Transfer Agents
- check_circleRegistrar and Transfer Agents Regulations
3. Mutual funds (chapters VIII-XI)
- check_circleBasics of Mutual Funds
- check_circleMutual Fund Structure and Constituents
- check_circleMutual Fund Products
- check_circleOperational Concepts of Mutual Funds
4. RTA operations (chapters XII-XV)
- check_circleInvestors in Mutual Funds
- check_circleBanking Operations in Mutual Funds
- check_circleFinancial Transactions
- check_circleNon-Financial Transactions
Inside NISM Series II-B Premium
Full-length mock tests
Timed 120-minute papers in the NISM II-B pattern, scored against the 50% pass mark.
Chapter-wise question bank
Practise each of the 15 workbook chapters as a separate drill.
AI study plan
Tells you which chapter to drill next, based on where you're losing marks.
Every answer explained
A worked explanation on every question, so a wrong answer becomes a fixed gap.
How to Prepare
Register on the NISM certification portal
Create an account on NISM's certification portal and complete your profile.
Select the exam and pay the fee
Choose NISM-Series-II-B: Registrars to an Issue and Share Transfer Agents - Mutual Fund Certification Examination and pay ₹1,500 plus payment gateway charges online.
Book your test slot
Schedule the exam on any available date.
Study the official workbook
NISM's workbook is the syllabus.
Take and pass the exam
100 questions in 2 hours. Score at least 50%.
Important Dates (Tentative)
| Event | Expected Date |
|---|---|
| Certificate validity | 3 years from passing |
* Dates are indicative based on historical patterns. Check the official website for confirmed dates.
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Free mock tests, chapter-wise practice questions and a personalized study plan, built around the latest NISM Series II-B pattern.
NISM Series II-B guides
- SyllabusFull NISM Series II-B (Registrars and Transfer Agents (Mutual Fund)) syllabus: all 15 chapters of the current workbook and what each one covers, plus free practice.
- Exam PatternNISM Series II-B exam pattern: 100 marks in 2 hours, no negative marking, pass at 50 out of 100 (50%). Verify with NISM.
- EligibilityWho must hold NISM Series II-B (Registrars and Transfer Agents (Mutual Fund)), who can take it, and what SEBI actually requires. There is no minimum qualification, so here is the real answer.
- Registration & DatesHow to register for NISM Series II-B: there are no fixed exam dates, so you book your own slot. Fee ₹1,500, 3-year validity, re-attempt rules.
- Study MaterialNISM Series II-B study material reviewed honestly: the official workbook, what it does and doesn't cover, and what to add. Free practice included.
- PreparationA realistic NISM Series II-B study plan: how long it takes, which chapters to study first, and where candidates lose marks on the Registrars and Transfer Agents (Mutual Fund) paper.
- FAQsCommon NISM Series II-B questions answered: fee ₹1,500, 3-year validity, no negative marking, re-attempts and CPE renewal.
- II-A vs II-BNISM II-A is for corporate RTA staff, II-B for mutual fund RTA staff. Both papers side by side, where the syllabi overlap, and which one you need.
- Renewal & CPENISM Series II-B is valid 3 years. How CPE and eCPE renew it for 3 more from expiry, the 12-month window, and what happens if it lapses. Worked dates.
- Cut-off & Time StampingMutual fund cut-off times (3 pm, 1.30 pm for liquid fund purchases), applicable NAV and time stamping rules, with NISM Series II-B worked examples.
- Turnaround TimesSEBI turnaround times for redemption, IDCW, NFO allotment, SoA, CAS and RTA services like transmission, with a worked dated example for NISM Series II-B.
- KYC & NominationKYC, eKYC, KRA and CKYCR, the three-nominee rule, the nominate-or-opt-out mandate and SEBI's 2023 demise reporting through KRAs, for NISM Series II-B.
- Transmission of UnitsHow mutual fund units pass to a joint holder, nominee or legal heir: forms T1 to T5, documents by case and the Rs 5 lakh and Rs 10 lakh rules.
- Third-Party PaymentsHow RTAs check mutual fund payments: accepted modes, the ₹50,000 cash and e-wallet limit, third-party cheques, TPV, 2FA and verified payout accounts.
- Segregated PortfoliosWhen a debt scheme can create a segregated portfolio, the 2019 rule for unrated paper, NAV, listing within 10 working days and the RTA's duties.
- Riskometer CalculationHow a scheme's risk-o-meter level is computed under SEBI's 2020 method: credit, duration and liquidity scores, the liquidity override, the monthly cycle.
- RTA vs AMC vs CustodianWhat a mutual fund RTA does, how it differs from the AMC and the custodian, who appoints each, and where CAMS and KFintech fit. NISM Series II-B.
- Practice Questions15 free NISM Series II-B practice questions, one from each chapter, with answers and explanations. Written in the exam's style from PrepClever's question bank.
- RTA JobsWhich mutual fund RTA jobs need NISM Series II-B, what the work involves, and when to take the exam. Based on NISM's 2009 communique and the RTA's own functions.
- Stamp DutyStamp duty on mutual funds is 0.005% of the purchase amount since 1 July 2020. What it applies to, what it does not, and worked examples for lump sum and SIP.
- SIP, STP, SWP & MandatesHow an RTA processes SIP, STP and SWP instalments: mandates (NACH, OTM, standing instructions), 2FA at registration, NAV dates, statements and the minor rule.
- CAS & FoliosWho sends your mutual fund CAS (depository or RTA), the monthly and half-yearly dates, what it shows, and how to bring scattered folios together. NISM Series II-B.
- Unclaimed AmountsWhat happens to unclaimed mutual fund redemption and IDCW money: where it is parked, the 3-year rule on income, how to find and claim it, and MITRA for lost folios.
- SEBI RTA RegulationsSEBI (Registrars to an Issue and Share Transfer Agents) Regulations, 2025 replaced the 1993 rules on 15 December 2025. Net worth, records, grievances, and what changed.
- II-B vs V-ANISM II-B is for mutual fund RTA staff, V-A for mutual fund distributors. Both papers side by side, where the syllabi overlap, and which one your role needs.
- Non-Financial TransactionsHow RTAs process change of bank mandate, address, name, contact details, minor to major, PoA, pledge and option change. Documents, cooling periods, NISM II-B.
- Previous Year PapersNISM publishes no past papers for Series II-B RTA Mutual Fund. What the 100-question paper looks like, the MCQ each chapter produces, and how to practise.
- Formula SheetThe 10 formulas NISM Series II-B questions use most: NAV, units allotted, exit-load redemptions, stamp duty, TER accrual and current yield. With a worked example.
NISM Series II-B FAQ
Is NISM 2B the same as NISM Series II-B?
Yes. NISM 2B and NISM Series II-B are the same Registrars and Transfer Agents (Mutual Fund) certification exam.
Who needs NISM Series II-B?
NISM Series II-B is the SEBI-mandated certification for associated persons of a Registrar and Transfer Agent (RTA), such as CAMS or KFintech, who service mutual fund investors: processing transactions, maintaining unitholder records and handling investor requests.
What is the passing mark?
50%, that is 50 marks out of 100.
Is there negative marking?
No. A wrong answer costs nothing, so attempt every question.
What is the exam fee?
₹1,500 plus payment gateway charges, paid directly to NISM.
How long is the certificate valid?
3 years.
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