NISM Series V-A study plan

Compute NAV from a given list of securities, accrued income, receivables and liabilities, showing every step arithmetically.

Classify 20 constructed transactions into short-term and long-term capital gains for equity-oriented and non-equity schemes, then compute the tax payable on each.

Apply the valuation norms for illiquid, unrated and thinly traded securities to 10 constructed cases and state the valuation basis used in each.

Contrast the tax treatment of growth and IDCW options at the hands of the investor, including TDS and set-off of losses.

Build a one-page formula and rate sheet covering NAV, expense ratio, load-adjusted return and current capital gains rates.

Compute standard deviation, beta, Sharpe ratio, Treynor ratio, information ratio, alpha and R-squared for five supplied fund return datasets.

Match 15 described risk situations (market, credit, liquidity, interest-rate, concentration, reinvestment, currency) to the scheme types most exposed to them.

Quantify the drag on investor returns from expense ratio plus entry and exit loads over 1-year, 3-year and 5-year holding periods.

Convert a set of fund returns into absolute, simple annualised and CAGR figures, and state which is valid for holdings below and above one year.

Read a performance table and justify which ratios are meaningful for a diversified equity fund versus a sectoral fund versus a gilt fund.

Assign 25 scheme names to their exact SEBI category and sub-category, writing a one-line justification for each assignment.

Map the flow of investor money from purchase to underlying securities and back, naming the role of sponsor, AMC, trustee, custodian, RTA and distributor at each stage.

Contrast open-ended, close-ended, interval, ETF, index, fund-of-funds and ELSS schemes across liquidity, NAV discovery, cost, taxation and exit rules.

Distinguish active versus passive management, growth versus IDCW, and direct versus regular plans in terms of cost, control and suitability.

Build full investor profiles for five hypothetical clients covering horizon, risk capacity, risk willingness, tax slab and liquidity needs.

Select a suitable scheme category for each of the five profiles and defend the choice against at least one plausible alternative.

Differentiate risk capacity from risk appetite and apply both to a scored risk-tolerance questionnaire.

Explain the structure of the Indian securities market: primary versus secondary market, exchanges, depositories, clearing corporations and the regulator's role.

Justify the use of direct versus regular plans in an advisory relationship and identify who owes the suitability obligation.

List the KYC, PAN and FATCA documentation requirements and walk through a fresh purchase from application to unit allotment.

Sequence the full transaction lifecycle - purchase, applicable NAV, allotment, statement of account, redemption request and payout - stating the regulatory timeline at each step.

Outline the grievance-redressal ladder from the AMC to SEBI SCORES and the online dispute resolution mechanism, with the escalation trigger at each level.

Identify five mis-selling or non-compliant distributor practices from given caselets and state the rule each one breaches.

Summarise the AMFI code of conduct obligations of a mutual fund distributor in a checklist.

Draw the legal structure of an Indian mutual fund, labelling the sponsor, the board of trustees, the AMC and the custodian with their statutory duties.

State the eligibility, net worth and approval conditions imposed on the sponsor, trustee and AMC by the SEBI (Mutual Funds) Regulations, 1996.

Explain the trustee's oversight duties, scheme-level approvals, and the limits on the AMC's business activities.

Describe the distribution landscape - individual agents, bank channels, national distributors, online platforms and execution-only versus advisory models.

Compare upfront and trail-based distributor remuneration and compute the payout under each model for a stated investment and holding period.

Redo every question missed in the Week 1 and Week 2 numerical sets until the accuracy on those items exceeds 80 percent.

Recompute ten risk and performance measures under timed conditions without referring to notes or the formula sheet.

Re-derive NAV and taxation answers for five previously failed cases and state in one line where the original reasoning broke down.

Write the full formula sheet from memory and check it line by line against the Week 1 version.

Sit three full-length timed mock tests under exam conditions with no open notes.

Tabulate accuracy by domain after each mock and re-read only the topics scoring below 70 percent.

Drill the factual recall items - category definitions, timelines, ratios and regulatory limits - through rapid flashcards until recall is automatic.

Assemble a single one-page must-remember sheet covering rates, timelines, limits and formulae for the final review.