April 9, 2013
Subject: Eligibility of participants for Mutual Fund Foundation Examination and Mutual Fund Foundation – CPE Programme
National Institute of Securities Markets hereby clarifies eligibility of participants for Mutual Fund Foundation Examination and Mutual Fund Foundation – CPE Programme, as follows:
| Category of person applying for Certification | Certification through Examination | Certification through CPE |
| Grandfathered* | ||
| Postal agents with a service / experience of at least 10 years or of age 50 years or more | Allowed | Allowed |
| Retired government and semi-government officials (class III and above or equivalent) with a service of at least 10 years or of age 50 years or more | Allowed | Allowed |
| Retired teachers with a service of at least 10 years or of age 50 years or more | Allowed | Allowed |
| Retired bank officers with a service of at least 10 years or of age 50 years or more | Allowed | Allowed |
| Intermediaries/ Agents engaged in distribution of financial products e.g. insurance agent, FD agent, National Savings Scheme products, PPF, etc. registered with any other Financial Services Regulatorwith a service of at least 10 years or of age 50 years or more | Allowed | Allowed |
| Business correspondents appointed by banks with a service of at least 10 years or of age 50 years or more | Allowed | Allowed |
| Any other person of age 50 years or more | Allowed | Allowed |
| Others | ||
| Postal agents with a service of less than 10 years and of age less than 50 years | Allowed | Not Allowed |
| Retired government and semi-government officials (class III and above or equivalent) with a service of less than 10 years and of age less than 50 years | Allowed | Not Allowed |
| Retired teachers with a service of less than 10 years and of age less than 50 years | Allowed | Not Allowed |
| Retired bank officers with a service of less than 10 years and of age less than 50 years | Allowed | Not Allowed |
| Intermediaries/ Agents engaged in distribution of financial products e.g. insurance agent, FD agent, National Savings Scheme products, PPF, etc. registered with any other Financial Services Regulatorwith a service of less than 10 years and of age less than 50 years | Allowed | Not Allowed |
*For persons who have attained the age of 50 years or who have at least 10 years of experience in the securities markets in the sale and/ or distribution of mutual fund products as on September 13, 2012
2. Experience certificate for grandfathered category participants may be issued by Compliance officer of Asset Management Company. G.P.Garg(Registrar)
SEBI Notification for NISM Series-XIX-D: Category I and II Alternative Investment Fund Managers Certification Examination and NISM Series-XIX-E: Category III Alternative Investment Fund Managers Certification Examination dated June 25, 2025
NISM/Certification/Series-XIX-E: Category III Alternative Investment Fund Managers/2025/02 dated April 29, 2025
NISM/Certification/Series-XIX-D: Category I and II Alternative Investment Fund Managers/2025/01 dated April 29, 2025
NISM/Certification/Series-XIX-B: AIFD-Cat III/2025/01 dated March 20, 2025
NISM/Certification/Series-XIX-A: AIFD-Cat I&II/2025/01 dated March 20, 2025
© 2025 National Institute of Securities Markets (NISM). All rights reserved.
