The National Institute of Securities Markets gives a certificate related to the National Fund Distributors. How is this certificate related to fund distribution, pension schemes and equity trading?
-Manish
To sell mutual funds, you’ve to clear an exam held by the National Institute of Securities Markets (NISM), which will then provide you with a certificate to operate as a fund distributor. While this is not a mandatory certification, you do get the benefit of inputs regarding the better understanding of financial products that can help you explain the same to your customers and clients. However, it is compulsory for you to appear for an exam to acquire an ARN number to sell mutual funds.
This article was originally published on April 04, 2012.