NISM Series V-C: Mutual Fund Distributors (Level 2) — Practice Questions & Mock Tests

340 practice questions covering the full 10-unit syllabus, a detailed explanation on every question, 340 memory hooks, and 2 full-length real-feel timed mock exams. The pass mark is 60% — we help you get there.

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Practice by topic

Investment Theory
54 questions · 15 marks
Asset allocation and diversification · Equity management strategies
Fund Categories
31 questions · 9 marks
Equity, debt and hybrid categories · Solution-oriented schemes
Competitive Landscape
34 questions · 9 marks
REITs and InvITs · Venture capital and private equity
Valuation & Accounting
36 questions · 11 marks
Valuation of equity and debt · Non-traded and thinly traded securities
Taxation
22 questions · 7 marks
Scheme-level taxation · Capital gains and holding periods
Investor Services
62 questions · 18 marks
NFO and ongoing transactions · ETF transactions
Scheme Evaluation
46 questions · 12 marks
Sharpe, Treynor and alpha · Tracking error and benchmarks
Legal & Regulatory
37 questions · 11 marks
Regulation of REITs and InvITs · Investment restrictions
Ethics
16 questions · 5 marks
AMFI code of conduct · Mis-selling and conflicts
Case Studies
15 questions · 3 marks
CAGR and returns arithmetic · Units, NAV and loads

Question sets

Practice — 12 sets, 190 questions with instant feedback →Real-feel exams — 2 full-length timed papers, scored to the 60% pass mark →
Candidate preparing for the NISM Series V-C: Mutual Fund Distributors (Level 2) exam

About the NISM V-C exam

The NISM Series V-C: Mutual Fund Distributors (Level 2) Certification Examination is the advanced, voluntary level for distributors who already hold V-A. It goes deeper into investment theory and portfolio construction, fund categories including FoFs, ETFs, REITs and InvITs, valuation and accounting of scheme portfolios, taxation, scheme evaluation and the ethics of selling.

The exam has 75 multiple-choice questions for 100 marks — 50 questions of 1 mark and 25 questions of 2 marks — a duration of 2 hours, and a passing score of 60 marks. It carries negative marking of 25% of the marks assigned to a question. ScoreSetu's mock papers are 75 questions long to match; every question is scored equally here, so treat the 60% line as your target.

📘 Download the official NISM Series V-C: Mutual Fund Distributors (Level 2) workbook (PDF, January 2022) — the full 246-page syllabus material, free.

Other certifications on ScoreSetu

NISM Series XV: Research Analyst →NISM Series XII: Securities Markets Foundation →NISM Series V-A: Mutual Fund Distributors →NISM Series VIII: Equity Derivatives →NISM Series V-B: Mutual Fund Foundation →NISM Series V-D: Mutual Fund – Specialized Investment Fund Distributors →