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Free NISM VD Mock Test 2026 – Mutual Fund & SIF Distributor Exam

Updated on October 29, 2026

Become SIF Distributor at ZERO COST in 2 mins

Practice NISM VD mock test online for free with 1,500+ practice questions, full-length mock tests with easy explanations for the NISM VD Exam at ZERO Cost. 1,500+ candidates have passed, 100% success guaranteed. Start FREE NISM 5D Mock Test now.

Free NISM VD Mock Test: Mutual fund + SIF (Common) Mock Test

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Free NISM VD Mock Test 2026

NISM VD Mock Tests are designed to simulate the actual examination, allowing you to experience the real exam pattern before test day. Practicing with mock tests helps improve your speed, accuracy, and time management while identifying the topics that need more revision.

Whether you're an existing Mutual Fund Distributor (MFD) or planning to start distributing Specialized Investment Funds (SIFs), these mock tests are an excellent way to prepare for the SIF certification exam.

Know More About the NISM VD Mock Test

Name of the ExamNISM VD: Mutual Fund – Specialized Investment Fund (SIF) Distributors Certification Exam
PurposeBecome SIF Distributor
NISM Mock TestNISM VD Mock Test
Exam Duration3 Hours (180 Minutes)
Total Questions150 MCQs
Maximum Marks150
Passing Marks90 Marks (60%)
Negative Marking10% deduction for every incorrect answer
Exam Fee₹3,000 + Applicable taxes
Certificate Validity3 Years from the date of passing the sif exam
NISM Study MaterialOfficial NISM workbook (PDF format available)

Chapter-Wise NISM VD Mock Tests

ZFunds offers specialized Chapter-wise NISM VD mock tests, which include full-length chapter-wise video for your perparation. 

Chapter No.Chapter NameMarksMock Test Link
Mutual Fund Distributors (45% weightage)
1Investment Landscape5Watch Now
2Concept & Role of a Mutual Fund4Watch Now
3Legal Structure of Mutual Funds in India3Watch Now
4Legal and Regulatory Framework7Watch Now
5Scheme Related Information7Watch Now
6Fund Distribution and Channel Management Practices4Watch Now
7Net Asset Value, Total Expense Ratio and Pricing of Units5Watch Now
8Taxation3Watch Now
9Investor Services10Watch Now
10Risk, Return and Performance of Funds5Watch Now
11Mutual Fund Scheme Performance5Watch Now
12Mutual Fund Scheme Selection10Watch Now
Equity Derivatives (35% weightage)
13Basics of Derivatives10Watch Now
14Understanding Index5Watch Now
15Introduction to Forwards and Futures15Watch Now
16Introduction to Options13Watch Now
17Strategies Using Equity Futures and Equity Options9Watch Now
 Interest Rate Derivatives (20% weightage)  
18Introduction to Interest Rate, Interest Rate Instruments and Fixed Income Markets6Watch Now
19Interest Rate Derivatives2Watch Now
20Exchange Traded Interest Rate Futures10Watch Now
21Exchange Traded Interest Rate Options6Watch Now
22Strategies Using Interest Rate Derivatives6Watch Now
Total Marks150

Why Choose ZFunds for Free NISM VD Mock Tests?

Preparing for the NISM VD exam becomes much easier when you practice questions that closely match the latest syllabus and exam pattern. At ZFunds, we've developed a comprehensive mock test platform to help candidates prepare with confidence.

Here's what you'll get:

  • 1,500+ practice questions covering the complete NISM VD syllabus.
  • Full-length mock tests based on the latest exam pattern.
  • Chapter-wise practice tests for focused learning.
  • Detailed explanations for every question to strengthen concepts.
  • Timer-based exams that simulate the real test environment.
  • Regularly updated question bank based on the latest NISM syllabus.
  • 100% Free access with no hidden charges.

ZFunds NISM VD mock tests are designed to help you improve your accuracy, identify weak areas, and increase your chances of passing the NISM VD exam in your first attempt.

How to Prepare for the NISM VD Exam Using Free Mock Tests

A smart preparation strategy can make a significant difference in your exam performance. Here's how you can prepare effectively:

  • Start by understanding the latest NISM VD syllabus and exam pattern.
  • Read the official NISM VD workbook thoroughly before attempting mock tests.
  • Practice chapter-wise questions after completing each topic.
  • Attempt full-length mock tests regularly to improve speed and accuracy.
  • Review every incorrect answer and understand the explanation before moving on.
  • Focus on Mutual Fund Distribution, as it carries the highest weightage in the exam.
  • Revise equity derivatives and interest rate derivatives using topic-wise practice questions.
  • Since the exam has 10% negative marking, avoid random guessing and focus on answering accurately.

Are Free NISM VD Mock Tests Enough?

NISM VD Mock tests are one of the most effective preparation tools, but they should be used alongside the official NISM study material.

The best strategy is to first understand the concepts using the NISM workbook and then reinforce your learning by solving mock tests.

At ZFunds, our mock tests are designed to closely match the actual exam, making them ideal for:

  • Last-minute revision
  • Self-assessment
  • Improving speed and time management
  • Understanding the exam pattern
  • Building confidence before the final exam

Conclusion

If you're planning to become a certified Specialized Investment Fund (SIF) distributor, clearing the NISM VD Certification Examination is an important step.

At ZFunds, our goal is to make quality exam preparation accessible to everyone. That's why we provide 1,500+ free practice questions, full-length mock tests, chapter-wise quizzes, and detailed explanations—all at absolutely no cost.

Whether you're preparing for your first attempt or looking to improve your score, our Free NISM VD Mock Tests can help you practice effectively, strengthen your concepts, and walk into the exam with confidence.

Start practicing today and take one step closer to becoming a certified SIF distributor.

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