Securities Intermediaries Compliance (Fund)Certification Guide.
Fund-focused compliance certification covering AMC regulatory framework, AML/KYC, NAV compliance, and SEBI enforcement. Mandatory for AMC compliance officers.
Difficulty
Intermediate
Suggested prep: 15-20 days
Negative marking
25%
Avoid blind guessing.
Validity
3 years
Computer-Based Test (CBT)
Priority
Rank 16
Compliance track
What this certification is really testing.
This template pulls directly from the NISM database so the article stays factual, structured, and easy to scan before you register.
Ideal for
Compliance officers at mutual fund companies (AMCs)
Fund governance professionals
Career paths
Compliance Officer at AMC
Fund Governance Manager
SEBI Audit & Inspection Fund
Mandatory for
Compliance Officers of Asset Management Companies (AMCs)
Study by chapter weightage, not by guesswork.
The highest scoring chapters carry 86% of the paper. Start there, then use the low-weight chapters for polish.
High-weightage focus
Compliance for AMCs
20%Regulatory Framework for Mutual Funds
15%Risk Management Fund Operations
15%AML/KYC Compliance Fund Context
12%Investigation and Enforcement
12%Valuation, NAV and Pricing Compliance
12%Key concepts to remember
Fund-focused compliance specific to AMCs (Asset Management Companies)
AMC compliance with SEBI (Mutual Funds) Regulations, 1996
NAV pricing compliance must be calculated and published daily
TER compliance AMC must stay within SEBI-mandated expense ratio limits
AML/KYC in fund context different from broker KYC in certain aspects
Valuation of fund assets must comply with SEBI/AMFI guidelines
A clear way to study this module.
Use the database strategy as the practical order of attack: official workbook first, high-weightage chapters next, then mocks and exam-day control.
Study strategy
Focus on AMC Compliance (Ch 2, 20%) the core chapter
Regulatory Framework for MFs (Ch 1, 15%) + Risk Management (Ch 3, 15%) = 30%
Know the specific compliance requirements unique to AMCs vs brokers
If you've studied Series III-A, many concepts overlap leverage that
Exam-day tips
Standard format 100 MCQs, 120 minutes
AMC-specific regulatory questions dominate know MF Regulations 1996
0.25 negative marking be cautious with specific provision questions
NAV and TER compliance questions are common know the rules
Scoring warning
The pass mark is simple. The paper is not.
Because this paper has negative marking, precision matters more than speed. Attempt the sure questions first, then return to calculations and close-call options.
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