Failed NISM V-D? Build a better retake preparation plan.
An unsuccessful attempt can show where your preparation needs to change. This seven-day revision framework is for candidates who have already studied the syllabus. Extend it if you need more time to rebuild the foundations.
Original Academy study framework · Updated 9 October 2026.
Ask about guided V-D revisionKnow the score you are preparing for
NISM currently specifies 150 one-mark questions in 180 minutes, a 60% passing score (90 out of 150) and a 10% penalty for wrong answers. For example, 95 correct and 25 wrong answers produce 92.5 marks. Practise accuracy and time management together.
Check the official NISM exam details and your certification-portal account for current re-enrolment rules, available dates and fees. This revision calendar is not an official waiting period.
Day 1: identify the gaps
Use your available result and practice history to list weak topics across mutual funds, equity derivatives and interest rate derivatives. Do not try to reconstruct confidential exam questions. Attempt fresh practice and label each error: concept, calculation, reading or time management.
Day 2: rebuild mutual fund foundations
Revise fund structure, scheme information, distribution, transactions and suitability. Work through NAV and return calculations. Explain why the three incorrect options are wrong, rather than memorising the answer letter.
Day 3: futures and hedging
Write the long and short futures P&L formulas. Practise quantity, contract value and hedge-direction examples. Show the units at every step; check whether a question asks for per-unit profit or total profit.
Day 4: options payoffs
Separate payoff from profit, subtract premiums correctly and check call/put break-even prices. Draw the position at different expiry prices before attempting strategy questions.
Day 5: fixed income and interest rates
Revise bond price–yield direction, current yield and duration. Convert percentage-point yield changes to decimals. Review the full interest-rate derivatives chapters, not only numerical examples.
Day 6: take a timed full mock
Attempt a fresh full-length mock in one sitting, using the current exam time limit. Record unanswered questions, rushed guesses and repeated errors. Review every wrong answer and any correct answer you guessed.
Day 7: repair and repeat
Revisit the weakest chapters, solve different questions on the same concepts and retest your calculations. If major gaps remain, extend the plan before booking another attempt. Use a stable pattern of mock results as preparation evidence; it does not guarantee a pass.
Keep a simple error log
For each mistake, record the topic, what went wrong, the correct reasoning and one new question to try. Re-test without looking at the solution the next day. Repeated errors tell you which chapter needs another lesson.