NISM CERTIFICATION

WHAT IS NiSM?

The National Institute of Securities Markets (NISM) is an institution in India that was established by the Securities and Exchange Board of India (SEBI) to promote education and research in the field of securities and financial markets. NISM offers a range of certification programs designed to enhance the knowledge and skills of professionals working in the Indian financial markets. These certifications are highly regarded in the financial industry and are often required or preferred by employers.

Here is some key information about NISM certifications:

NISM's Objective: NISM's primary objective is to develop and regulate securities and financial markets in India. It aims to ensure that market participants are well-informed and competent, which contributes to the integrity and efficiency of the Indian financial markets.

IMPORTANCE OF NISM CERTIFICATION:

NISM certifications are important for individuals seeking a career in the Indian financial markets and are recognized by regulatory authorities and employers in the industry.

NISM CERTIFICATION

1. Types of NISM Certifications: NISM offers a variety of certification programs, each focused on different aspects of the financial markets. Some of the popular NISM certifications include:
• NISM Series I: Currency Derivatives Certification Examination
• NISM Series II: Depository Operations Certification Examination
• NISM Series V-A: Mutual Fund Distributors Certification Examination
• NISM Series VI: Depository Operations Certification Examination
• NISM Series VII: Securities Operations and Risk Management Certification Examination
• NISM Series VIII: Equity Derivatives Certification Examination
• NISM Series XA: Investment Adviser (Level 1) Certification Examination
• NISM Series X-B: Investment Adviser (Level 2) Certification Examination
• NISM Series X-C: Investment Adviser (Level 3) Certification Examination

WHO CAN APPLY FOR NISM CERTIFICATION

The eligibility requirements for NISM certifications can vary depending on the specific certification. Some certifications are open to all individuals, while others may require certain qualifications or experience in the financial markets.

EXAMINATION FORMAT:

NISM certification exams are typically conducted in an online format and consist of multiple-choice questions. The number of questions and the duration of the exams vary depending on the certification. To pass the exam, candidates must achieve a minimum passing score.

REGISTRATION AND EXAM FEES:

Candidates need to register for NISM exams through the NISM website or authorized test centers. There is a fee associated with each certification exam, and the fee may vary depending on the certification.

CERTIFICATION VALIDITY AND RENEWAL:

NISM certifications are typically valid for a specific period (e.g., three years). After the validity period expires, individuals may need to renew their certifications by taking refresher courses or reappearing for the exam.

CAREER BENEFITS:

NISM certifications are highly regarded in the Indian financial industry and are often a prerequisite for certain job roles. These certifications can enhance the career prospects of professionals working in fields such as investment banking, mutual funds, stockbroking, and financial advisory.

HOW TO REGISTER

You may visit the NiSM website to register for the Exam.

EXAM CENTERS

NISM Certification Examinations are available in more than 150 cities across India.

For more certification exams you may visit NiSM website.

SR.No.	NISM EXAM	Test Duration	Fees (Rs)	Maximum Marks	No. of Questions	Pass Mark (%)	Negative Marks (%)	Certificate Validity(in years)
1.	NISM Series I: Currency Derivatives Certification Examination	2hrs	1500/-	100	100	60	25	3
2.	NISM Series II A: Registrars and Transfer Agents (Corporate) Certification Examination	2hrs	1500/-	100	100	50	25	3
3.	NISM Series II B: Registrars and Transfer Agents (Mutual Fund) Certification Examination	2hrs	1500/-	100	100	50	25	3
4.	NISM Series-III-A: Securities Intermediaries Compliance (Non-Fund) Certification Examination	2hrs	1500/-	100	100	60	25	3
5.	NISM Series IV: Interest Rates Derivatives Certification Examination	2hrs	1500/-	100	100	60	25	3
6.	NISM Series V A: Mutual Fund Distributors Certification Examination	2hrs	1500/-	100	100	50	-	3
7.	NISM-Series­V-B: Mutual Fund Foundation Certification Examination	2hrs	1200/-	50	100	50	-	3
8.	NISM Series VI: Depository Operations Certification Examination	2hrs	1500/-	100	100	60	25	3
9.	NISM Series VII: Securities Operations and Risk Management Certification Examination	2hrs	1500/-	100	100	50	25	3
10.	NISM-Series-VIII: Equity Derivatives Certification Examination	2hrs	1500/-	100	100	60	25	3
11.	NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination	3hrs	3000/-	150	135	60	25	3
12.	NISM-Series-X-B: Investment Adviser (Level 2) Certification Examination	3hrs	3000/-	150	120	60	25	3
13.	NISM Series-XIII: Common Derivatives Certification Examination	3hrs	3000/-	150	150	60	25	3
14.	NISM Series-XV: Research Analyst Certification Examination	2hrs	1500/-	100	100	60	25	3
15.	NISM-Series-XVI: Commodity Derivatives Certification Examination	2hrs	1500/-	100	100	60	25	3