Mutual Funds

Mutual funds growth story

Indian Mutual Fund industry’s Avg. Assets Under Management (AAUM) are at all time high! - ₹ 21.79 Lakh Crore (INR 21.79 Trillion)

Average Assets Under Management (AAUM) of Indian Mutual Fund Industry for the month of October 2017 stood at ₹ 21.79 lakh crore. Assets Under Management (AUM) as on October 31, 2017 stood at ₹21.41 lakh crore.
The AUM of the Indian MF Industry has grown from ₹ 3.26 trillion as on 31st March 2007 to ₹21.41 trillion as on 31st October, 2017, more than six and half fold increase in a span of about 10 and half years!!
The MF Industry’s AUM has grown from ₹5.87 trillion as on 31st March, 2012 to ₹ 21.41 trillion as on 31st October, 2017, about three and half fold increase in a span of about 5 and half years !!
The Industry’s AUM had crossed the milestone of ₹10 Trillion (₹10 Lakh Crore) for the first time in May 2014 and in a short span of about three and half years, the AUM size has increased more than two folds and stood at ₹21.41 Trillion (₹ 21.41 Lakh Crore) as on 31st October, 2017.
The total number of accounts (or folios as per mutual fund parlance) as on October 31, 2017 stood at 6.32 crore (63.2 million), while the number of folios under Equity, ELSS and Balanced schemes, wherein the maximum investment is from retail segment stood at 5.15 crore (51.5 million).

NISM-Series-V-A

The examination seeks to create a common minimum knowledge benchmark for all persons involved in selling and distributing mutual funds including:
• Individual Mutual Fund Distributors
• Employees of organizations engaged in sales and distribution of Mutual Funds
• Employees of Asset Management Companies specially persons engaged in sales and distribution of Mutual Funds
The certification aims to enhance the quality of sales, distribution and related support services in the mutual fund industry.

Assessment Structure

The examination consists of 100 questions of 1 mark each and should be completed in 2 hours. The passing score for the examination is 50%. There shall be no negative marking.

Test Details

Name of Module: NISM-Series-V-A: Mutual Fund Distributors Certification Examination
Fee: 1500+
Duration: 120 minutes
Number of Questions: 100
Maximum Marks: 100
Pass marks percentage: 50%
Certificate Validity: 3years