The NISM Series V-D Shift: Decoding SEBI’s Consolidated Mutual Fund & SIF Distribution Framework
The NISM Series V-D Shift: Decoding SEBI’s Consolidated Mutual Fund & SIF Distribution Framework Pre-Flight Diagnostic: Verify your distribution credentials, Continuing Professional Education (CPE) timelines, and specialized investment fund (SIF) compliance readiness using the NUMMUS PROSPERITY MFD & SIF Compliance Diagnostic . The Regulatory Overhaul: From NISM Series-XIII to Series V-D In the architecture of Indian financial markets, regulatory frameworks are designed to evolve alongside institutional sophistication. Just as asset managers must adhere to strict portfolio mandates, intermediaries distributing financial products face rigorous qualification standards. On September 22, 2026, the Securities and Exchange Board of India (SEBI) officially transitioned the regulatory certification route for Specialized Investment Fund (SIF) distributors from the older NISM Series-XIII framework to the newly introduced NISM Series V-D: Mutual Fund Specialized Investment ...