Clear NISM V-A and V-D On Your First Attempt

Full-length, timed mock tests for the NISM Series V-A Mutual Fund Distributors and NISM Series V-D Specialized Investment Fund (SIF) Distributors certification exams. Answers save as you go, and every question is reviewed with its explanation after you submit.

Choose your exam

• Free NISM V-A (5A) Mock Test Online – Mutual Fund Distributors
• Free NISM V-D Mock Test Online – SIF Distributors

Questions people ask first

Is this really free?

Yes. Every mock paper on this site 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 needs an account, because your answers, timer and attempt history have to be tied to you — your mobile number is all it takes, verified by a one-time code.

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.