You need to enrol for the NISM Series VA Mutual Fund Advisor Certification Exam by logging on to the official website of NISM. The registration charge for the exam is Rs.1500, not including GST ...

According to the existing norms, distributors have to pass the NISM Series-XXI-A: Portfolio Management Services (PMS) Distributors Certification Examination to sell PMS.

The courses are introduced to promote knowledge about the guidelines about AML standards, CFT and proliferation financing among the market intermediaries, read the statement.

The certification, titled AML and CFT Provisions in Securities Market Certification Examination, has been developed in collaboration with the National Institute of Securities Markets (NISM).