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NISM-Series-V-D Certification

Mutual Fund – Specialized Investment Fund (SIF) Distributors Certification. Master 3 comprehensive modules in 1 exam (replacing V-A + XIII) with CapTech Academy's rigorous, practitioner-led training.

Exam Structure

150 multiple-choice questions over 3 hours. The passing score is 60% (90 marks) with a 10% negative marking for incorrect answers. (Note: The NISM exam registration fee of ₹3000+ is separate from tuition).

Who Should Apply

Essential for individual MFDs, AMC sales teams, and distribution firm teams moving toward SIF, PMS, and AIF clients or advanced advisory roles.

Career Impact

Gain the regulatory mandate to distribute Specialized Investment Funds (SIFs) while mastering derivatives from first principles, not just memorisation.

Official NISM Syllabus

Core Modules Covered

A focused breakdown of the technical concepts required to clear the examination and advise high-net-worth clients effectively.

Module 1
Mutual Fund Distributors
Comprehensive overview covering the Investment Landscape, Legal Structure of Mutual Funds, NAV and Total Expense Ratio computation, Taxation, and Scheme Performance Selection.
Module 2
Equity Derivatives
Master the mechanics of Index Construction, Equity Futures and Forwards, Option Pricing Models (including Greeks), and practical strategies utilising Put-Call Parity and Delta-hedging.
Module 3
Interest Rate Derivatives
Deep dive into Fixed Income Markets, Term Structure of Interest Rates, Bond Duration/Convexity, and the application of Exchange Traded Interest Rate Futures and Options for hedging and arbitrage.

Start Your Practice Right

Clearing the NISM-Series-V-D is your entry ticket into the advanced Indian wealth management industry. The derivatives modules are mathematically demanding—this is where CapTech Academy’s CFA®-level expertise ensures you don't just memorise the material, but understand the real-world application of portfolio advisory.

V-D SIF Comprehensive

₹15,000
  • 8 weeks (52 hours) of intensive training
  • Flexible evening batches (Offline & Live Online)
  • LMS Access: Quizzes, study materials & notes
  • 15 Full-length Mock Examinations
  • Taught by H.K. Dwivedi (CFA, 40 Yrs Exp.)
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