Mutual Fund Foundation is the official study workbook for the NISM-Series-V-B: Mutual Fund Foundation Certification Examination, developed and published by the National Institute of Securities Markets (NISM). The workbook establishes a common minimum knowledge benchmark for a specialised 'new cadre' of mutual fund distributors created under SEBI's framework, equipping them to sell and distribute simple and performing mutual fund schemes responsibly and in the investor's interest. The book is deliberately built for readers who may be new to financial markets. It opens with first principles?the distinction between saving and investing and the trade-offs between safety, liquidity and returns?and then advances, chapter by chapter, into the concept and legal structure of mutual funds, the specific product set this cadre is authorised to sell, scheme documentation, distribution and channel-management practice, performance and risk measurement, taxation, the full investor-servicing lifecycle, and the regulatory and ethical code that governs the profession. Because it is the material on which the examination is 'largely based,' it doubles as the primary exam reference and a dependable foundational text on the Indian mutual fund industry.