NISM Series V-A: Mutual Fund Distributors

Tue, 19 May 2026 00:00:00 +0000

NISM Series V-A: Mutual Fund Distributors is the SEBI-recognised qualifying examination for individuals seeking the ARN (AMFI Registration Number) to distribute mutual fund schemes in India. Administered by the National Institute of Securities Markets (NISM) , V-A is the entry-level examination in the broader Series V family and is the mandatory credentialing step before any individual can be issued an ARN.

For aspiring mutual fund distributors, V-A is the prerequisite gate. Without V-A, an applicant cannot proceed to KYD or ARN issuance.

V-A on WebNotes

NISM Series V-A: Mutual Fund Distributors