The project is currently in the testing stage.
National Institute of Securities Markets (NISM) is likely to introduce its online continuing professional examination (CPE) for mutual fund distributors soon.
The new online training module of CPE is likely to be for a shorter duration of four hours and will be conducted in two 2-hour slots.
Distributors can register for this online CPE through NISM website. To start with, this online test will be only available in Vashi (Navi Mumbai) centre. More centres will be equipped to offer this online test in future.
The class room CPE trainings will also be continued simultaneously. The fee for one-day offline CPE training is around Rs. 2,000.
The fee for this online CPE is likely to be around Rs. 2,500. Sources close to the development said that NISM will review the fee.
NISM conducts roughly 500 CPE trainings for mutual fund distributors across India annually. Distributors have to renew their ARNs six months prior to license expiry.
In order to renew the ARN license, distributors have to undergo a mandatory six hours of class room training. Once distributors appear for this training they are issued a certificate. Distributors have to send their certificates to CAMS. The license has a validity of three years.
