How to Become a SIF Distributor: Complete Guide to NISM Series-V-D Mutual Fund - SIF Distributors Exam

Specialised Investment Funds (SIFs) are the latest innovation in India’s investment landscape, offering advanced strategies like long-short equity and derivatives exposure. If you want to distribute SIF products, 

The NISM Series-V-D Mutual Fund SIF Distributors Certification Examination is designed to create a common knowledge benchmark for professionals involved in selling and distributing Mutual Fund and Specialized Investment Fund products including:

SEBI mandates clearing the NISM Series-V-D: Mutual Fund SIF Distributors Certification Exam.

✅ What is SIF and how it differs from Mutual Funds
✅ Why this exam is mandatory
✅ Complete syllabus with marks & weightage
✅ Steps to get your SIF Distributor Code

What is SIF?

SIF stands for Specialised Investment Fund, introduced by SEBI in 2025. It combines the transparency of mutual funds with the flexibility of PMS/AIF strategies.

Key Features:

• Minimum Investment: ₹10 lakh
• Strategies: Long-short equity, derivatives (up to 25%), dynamic allocation
• Liquidity: Limited redemption windows
• Target Audience: HNIs and sophisticated investors

Enroll for SIF Distributors Mock Test

NISM Series-V-D Mutual Fund SIF Distributors Exam Details

Mode: Online, MCQ

Questions: 150

Marks: 150

Duration: 3 hours

Negative Marking: 10% marks deducted for incorrect answers

Passing Score: 60% (90 marks)

Certificate Validity: 3 years

NISM V-D Mutual Fund - SIF Distributors Syllabus/Curriculum Outlines with Marks Weightage

Steps to Become a SIF Distributor

The first step is to Clear NISM Series-V-D Mutual Fund - SIF Distributors Exam

Hold a valid ARN/EUIN (Mutual Fund Distributor registration)

Apply for SIF Registration via CAMS (on behalf of AMFI)

• Fee: ₹5,000 (individual), ₹3,000 renewal
• Employees of MFDs (EUIN Holders): ₹3,000 registration, ₹1500 renewal

Get AMFI confirmation – Your ARN will now include SIF rights

Empanel with AMCs offering SIF products

What After Clearing the Exam?

Apply for SIF Distributor Code through AMFI/CAMS

Update your credentials:
“AMFI Registered Mutual Fund Distributor & SIF Distributor”

Start distributing SIF products from top AMCs like ICICI Prudential, SBI MF, Quant MF, Edelweiss, Mirae Asset.

Preparation Tips

Focus on high-weightage topics like Trading & Risk Management, Underlying Markets, and Futures Strategies and mutual funds distributors topics.

Practice mock tests of series-v-d mutual fund - sif distributors exam to manage time and understand negative marking implications.

Use NISM Series-V-D Workbook PDF and supplement with practical examples.

Quick Links

• NISM Series-V-D MF - SIF Distributors Mock Test Page

Enroll for V-D (SIF Distributors) Exam Mock Test