Your path to the exam

A clear route to the Mutual Fund Distributors certification. One idea per lesson, a story for the parts that are hard to remember, and practice in the real exam format. Free to follow, in order.

About 6 hrs of lessons and mocks to exam-ready. Estimated, and it moves with your pace.

1. 1
   What a mutual fund really is→

   The idea in plain words, before any jargon.

   ⏱ 12 min est. 4 lessons

   • Pooling money, simply put
   • Why people choose funds
   • Open-ended and closed-ended
   • The words you must know
2. 2
   How a fund is built→

   Sponsor, trustee and AMC, and who does what.

   ⏱ 15 min est. 5 lessons

   • The legal structure, a trust
   • The sponsor
   • The trustees
   • The AMC
   • Custodian, RTA and the rest
3. 3
   Who watches over it→

   SEBI and the rules that protect the investor.

   ⏱ 22 min est. trickiest 5 lessons

   • What SEBI requires
   • SEBI's rules and disclosures
   • Your rights as an investor
   • When something goes wrong
   • The distributor's code
4. 4
   The offer document, decoded→

   SID and KIM without the legalese.

   ⏱ 14 min est. 3 lessons

   • SID, KIM and SAI
   • What to read inside the SID
   • The costs, and direct vs regular
5. 5
   Getting funds to investors→

   Channels, and where a distributor fits.

   ⏱ 16 min est. 3 lessons

   • The ways to invest
   • Where a distributor fits
   • How a distributor earns
6. 6
   Selling the right way→

   Ethics and conduct the exam loves to test.

   ⏱ 18 min est. 3 lessons

   • Know your investor
   • Matching product to need
   • Mis-selling and its cost
7. ★
   Mock checkpoint 1→

   50 questions across modules 1 to 6.

   ⏱ 45 min est. checkpoint
8. 8
   NAV, loads and the daily price→

   How the number you see is set.

   ⏱ 16 min est. 3 lessons

   • How NAV is set
   • Which day's NAV you get
   • What you pay to get in and out
9. 9
   Types of schemes, and picking one→

   Match a scheme to an investor.

   ⏱ 20 min est. 5 lessons

   • The three families
   • Equity funds, by size and style
   • Debt funds, by safety and time
   • Hybrid and the rest
   • Picking the right fund
10. 10
    Return, risk and performance→

    Read the numbers without being fooled.

    ⏱ 20 min est. 4 lessons

    • How returns are measured
    • Understanding risk
    • Return for the risk taken
    • Reading performance well
11. 11
    How gains are taxed→

    The other tricky one. We make it stick.

    ⏱ 24 min est. trickiest 4 lessons

    • How your gains are taxed
    • Equity and debt, taxed apart
    • Payouts, TDS and STT
    • Set-off, ELSS and the honest line
12. 12
    Serving the investor→

    KYC, transactions and everyday service.

    ⏱ 15 min est. 3 lessons

    • KYC and onboarding
    • Everyday transactions
    • Nomination and transmission
13. ★
    Final mock→

    Full 100-question exam simulation.

    ⏱ 2 hr est. checkpoint

Exam facts from NISM. Confirm the current workbook edition before launch.