Clear NISM V-A and V-D on your first attempt
Full-length, timed mock tests for NISM Series V-A (Mutual Fund Distributors) — the exam you must clear to earn your ARN — and NISM Series V-D (Specialized Investment Fund distributors). Answers save as you go, and every question is reviewed with its explanation after you submit.
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No payment. No card. Sign in only when you start a paper.
- Mock papers
- 32
- Questions
- 1,800+
- Languages
- 2
- To practise
- ₹0
Choose your exam
Pick the NISM certification you are preparing for.
NISM V-A
NISM VA for MFD
Practice 900+ NISM VA Mock tests online for free to improve accuracy, revise key concepts, and prepare confidently for the mutual fund distributor certification exam.
19 mock tests900+ questionsFreeEnglish · HindiView all mock testsNISM V-D
NISM VD for SIF
NISM V-D Mock Tests help you prepare better for NISM V-D: Mutual Fund – Specialized Investment Fund (SIF) Distributors Certification Exam. They help you understand the question pattern, improve time management, identify important topics, and evaluate your preparation level before the actual examination.
13 mock tests900+ questionsFreeEnglishView all mock tests
Built to feel like the exam hall, not a quiz app
The NISM V-A paper is 100 questions in 120 minutes with a 50% pass mark. The way you lose it is pacing, not knowledge — so the practice is paced the same way.
Real exam timing
Every paper runs on the server's clock, not your device's — closing the tab does not buy you time.
One question at a time
Answer, flag, move on. The palette shows what is answered, what is flagged and what is still blank.
Nothing gets lost
Every answer is saved within seconds. Lost connection, dead battery — pick up where you stopped.
Answers with explanations
After you submit, review every question with the correct option and why it is correct — not just a score.
English and हिन्दी
NISM V-A papers in English and Hindi, NISM V-D in English. Sit the paper in the language you will sit the real one in.
Short or full length
Twenty minutes over chai, or the full 100-question, 120-minute paper when you are ready for the real thing.
Four steps, about two minutes to start
- 1
Pick a paper
Choose your exam below, then a paper — from 20-minute sets to full-length mocks of up to 150 questions.
- 2
Sign in and start
Start Test opens DhanSaarthi Certification. Sign in with your mobile number and the clock starts on that paper.
- 3
Review every answer
Your score, the pass mark, and a question-by-question review with the reasoning behind each answer.
- 4
Retake and compare
Your attempts and best score sit against each paper, so you can see the line moving rather than guess.
Every unit of the workbook, the way it is examined
Questions are drawn across every unit — including the ones candidates skip and then meet in the paper.
NISM V-A
The whole NISM V-A syllabus, the way it is examined
- Investment landscape and the concept of mutual funds
- Legal structure, regulation and the role of SEBI & AMFI
- Scheme types — equity, debt, hybrid and passive
- Offer documents, KIM and scheme information
- Fund distribution, channel management and the distributor's role
- NAV, total expense ratio, pricing and cut-off timing
- Taxation, and how returns are measured
- Investor services, KYC and the transaction lifecycle
- Risk, return and performance measures
- Scheme selection and recommending the right product
NISM V-D
The NISM V-D syllabus, from SIF structure to compliance
- Specialized Investment Fund structure and features
- Investment strategies and product suitability
- Mutual fund concepts and market-related topics
- Risk factors and investor considerations
- Regulatory requirements
- Distributor roles and responsibilities
- Compliance and ethical practices
Questions people ask first
Is this really free?
Yes. Every mock paper is free to sit, as many times as the paper allows. Dhan Saarthi earns from its distribution platform, not from candidates practising for an exam.
Which NISM exams can I practise here?
Two. NISM Series V-A (Mutual Fund Distributors), with papers in English and Hindi, and NISM Series V-D (Mutual Fund – Specialized Investment Fund distributors), in English. Each exam has its own list of mock papers, from short sets to full-length tests.
Is Dhan Saarthi affiliated with NISM?
No. These are practice papers written to match the NISM Series V-A and V-D syllabus and format. They are not NISM material, and we are neither affiliated with nor endorsed by NISM. Book and sit the real exam through NISM's own site.
What is the pass mark on the real NISM V-A exam?
NISM Series V-A is 100 questions in 120 minutes, with a 50% pass mark and no negative marking. Our full-length papers mirror that exactly; the shorter sets are scaled versions of it.
Do I need an account?
You can browse the papers without one. Starting a test opens DhanSaarthi Certification, where you sign in with your mobile number and a one-time code, so your answers, timer and attempt history stay tied to you.
What happens if my internet drops mid-test?
Your answers are saved on the server within seconds of each one. Sign back in and the attempt resumes on the same question, with the clock where the server says it should be.
I cleared NISM V-A. How do I start distributing?
You register with AMFI for an ARN, then empanel with the AMCs whose schemes you want to sell. Dhan Saarthi handles the platform side of that — book a consultation and we will walk you through it.
Cleared the exam? Talk to us about what comes next.
A free call on getting your ARN and EUIN, how distributor commissions work, and running your practice on Dhan Saarthi.