NISM Series V-B Registration & Exam Dates
There is no annual Series V-B exam date. Registration is continuous and you pick your own slot. Here is how it works.
There is no exam date for NISM Series V-B. NISM runs the Mutual Fund Foundation Certification Examination on demand through the year. You create an account on NISM's certification portal, pick a test centre and a slot, pay the fee and sit the paper that day. The fee on NISM's exam page is ₹1,200, payment gateway charges extra.
The certificate is valid for 3 years. The exam exists for one group: the "new cadre" of mutual fund distributors that SEBI created in 2012 to sell simple schemes. Anyone may register, but a full-time distributor or a bank's relationship manager needs Series V-A, which covers the whole product range.
Who Series V-B is for
NISM's exam page names the new cadre of mutual fund distributors under SEBI circular CIR/IMD/DF/21/2012 dated September 13, 2012. The cadre sells and distributes simple and performing mutual fund schemes, and consists of:
- check_circlepostal agents
- check_circleretired government and semi-government officials (class III and above, or equivalent) with at least 10 years of service
- check_circleretired teachers with at least 10 years of service
- check_circleretired bank officers with at least 10 years of service
- check_circleother similar persons, such as bank correspondents, as AMFI or an AMC may notify from time to time
Registration facts at a glance
| Item | Detail |
|---|---|
| Fee | ₹1,200, payment gateway charges extra (NISM's exam page wording; it says nothing about GST). One summary table on NISM's website says ₹1,500; the exam page and the detailed fee table say ₹1,200, and the portal shows the final amount before you pay |
| Exam date | None. No annual or quarterly sitting; the date is whichever slot you book |
| Where to register | NISM's certification portal, linked from the Series V-B page on NISM's website |
| Mode | Computer-based at a NISM test centre. Series V-B is not a remote-proctored exam |
| PAN | Must be entered or updated in your registration details, or no passing certificate is issued |
| Validity | 3 years from the date of the examination |
| Renewal | CPE or eCPE in the 12 months before expiry, or pass the exam again |
| Reschedule | On your own through the portal, up to four days before the scheduled date, at most twice |
How to register, step by step
- 1
Open the registration portal
Use the 'Register for Certification Exam' link on NISM's Series V-B page. One portal account covers every NISM exam.
- 2
Create or update your candidate profile
Enter your name exactly as on your identity proof, and your PAN. No PAN on record, no passing certificate.
- 3
Choose NISM-Series-V-B: Mutual Fund Foundation Certification Examination
V-A and V-B sit next to each other in the module list. NISM does not allow a change of module after enrolment, so check the code before paying.
- 4
Pick a test centre, date and time slot
You can move the slot yourself up to four days before the exam.
- 5
Pay online
₹1,200 plus the payment gateway's own charge. If your card is debited but the enrolment fails, or you are charged twice, NISM refunds the exam fee; it does not refund the gateway charge.
- 6
Keep the confirmation and carry ID
Carry the identity proof the portal names. Miss the slot and the fee is forfeited.
Free account, this exam preselected.
Validity and renewal through CPE or eCPE
A Series V-B certificate runs for 3 years from the date of the examination. NISM's Mutual Fund Foundation CPE page says a holder whose certificate has not yet expired can revalidate it for three more years from the expiry date by completing the Mutual Fund Foundation Continuing Professional Education (CPE) programme during the 12 months before expiry. CPE is one classroom day of about six hours with a test at the end. eCPE is the online version: pre-recorded sessions of three to five hours plus a test, on a laptop or desktop with webcam, never a phone.
The other route is to pass the V-B exam again before the old certificate expires. Let it lapse and the CPE door closes: NISM's page says a person whose certificate has expired must pass the exam again to get a new one.
Series V-B has a wider Grandfather clause than most series. NISM's CPE page says a person who had completed 50 years of age on September 13, 2012, or who belongs to the new cadre listed above, can obtain a first certificate by completing the Mutual Fund Foundation CPE instead of sitting the exam.
If you do not pass
A failed attempt does not block you: log in to the same portal and book a fresh slot. The fee paid for the sitting you failed is not refunded.
How the paper uses the word 'registration'
Do not confuse your exam registration with a distributor's registration. Chapter VI of the syllabus covers the pre-requisites to become a distributor: the NISM certificate first, then registration with AMFI. The paper asks MCQs on that order and on the codes of conduct in chapter X. A question on 'registration' in the paper means the distributor's AMFI registration, never the NISM portal process on this page.
FAQs
What is the NISM Series V-B registration fee?expand_more
₹1,200, payment gateway charges extra, as NISM's exam page states it; the page does not mention GST. One summary table on NISM's website shows ₹1,500, but the exam page and the detailed fee table both say ₹1,200. The portal shows the final amount before you pay.
What is the difference between NISM Series V-A and V-B for registration?expand_more
Both are booked on the same portal and both certificates last 3 years. V-B is for the new cadre (postal agents, retired officials, teachers and bank officers with 10 years of service, and similar persons AMFI notifies) selling simple schemes. V-A is for every other mutual fund distributor and is a longer paper. Choose by the job you will do, not by the fee.
Can I take the NISM V-B exam from home?expand_more
No. Series V-B is a test-centre exam. NISM marks only a few modules as remote proctored, and Mutual Fund Foundation is not one of them. You choose a centre and a slot on the portal.
What if I fail the NISM V-B exam?expand_more
Book another slot on the same portal. The fee for the sitting you failed is not refunded, and the registration rules on this page apply again.
How long is the V-B certificate valid, and how do I renew it?expand_more
3 years from the date of the examination. Renew in the 12 months before expiry through the Mutual Fund Foundation CPE (one day, classroom) or eCPE (online), or pass the exam again. Once expired, only the exam route remains unless you fall in NISM's Grandfather category for this series.
Next steps
Create a free accountStart now, before you pay NISM ₹1,200.