Complete NISM Exam Process & A-Z NISM Queries Clear

NISM exam has been popular for many professionals who promotion is stuck or has made mandatory due to their job nature.

Finance students who needs a good job pursing NISM for better salary, to gain more subject expertise, add another list of certificate in the achievements tab to expand the CV and many more other reasons.

Visit this link to know the NISM Exam schedule for the next 3 months : 

May 2024 (Exam dates, time, center location, etc.)

July 2024 (Exam dates, time, center location, etc.)

Here’s list of NISM certifications - passing marks, test duration, negative marking, fees and series name:

A. DERIVATIVES SEGMENT (MANDATORY)

The examination aims to enable a better understanding of various derivatives products available in the three derivatives segments (i.e., Equity Derivatives, Currency Derivatives and Interest Rate Derivatives), regulations and risks associated with these products and the exchange mechanisms of clearing and settlement.

B. REGISTER AND TRANSFER AGENTS (MANDATORY)

The examination seeks to create a common minimum knowledge benchmark for persons working in Registrars to an Issue and Share Transfer Agents (R&T agent) organizations in the corporate and/or mutual fund R&T function, in order to enable better quality investor service, operational process efficiency and risk controls.

C. COMPLIANCE (MANDATORY)

The examination seeks to create a common minimum knowledge benchmark for all persons engaged in the compliance function with any intermediary registered as Stock, Depository, Sub brokers, Participants, Merchant Bankers, Underwriters, Bankers to the Issue, Debenture Trustees and Credit Rating Agencies.

D. MUTUAL FUND (MANDATORY)

The examination seeks to create a common minimum knowledge benchmark for all persons involved in selling and distributing mutual funds including:

• Individual Mutual Fund Distributors

• Employees of organizations engaged in the sales and distribution of Mutual Funds

• Employees of Asset Management Companies especially persons engaged in the sales and distribution of Mutual Funds

E. OPERATIONS (MANDATORY)

The examination seeks to create a common minimum knowledge benchmark as the requisite standard for associated persons of a registered stock-broker / trading member/clearing member in recognized stock exchanges, involved in (a) assets or funds of investors clients (b) redressal of investor grievances, (c) internal control or risk management and (d) activities having a bearing on operational risk.

F. MERCHANT BANKING (MANDATORY)

The examination seeks to create a common minimum knowledge benchmark for employees working with SEBI-registered Merchant Bankers. The exam will further seek to ensure a basic understanding of various aspects of capital market functions, the processes involved in various functions of registered Merchant Bankers, and the regulatory environment in which it operates

G. INVESTMENT ADVISOR (MANDATORY)

The examination seeks to create a common minimum knowledge benchmark for an individual investment adviser or principal officer of a non-individual investment adviser, under SEBI (Investment Advisers) Regulations, 2013 and persons associated with investment advice

H. SECURITIES MARKET FOUNDATION (VOLUNTARY)

The NISM-Series-XII: Securities Markets Foundation Certification Examination is for entry-level professionals, who wish to make a career in the securities markets. This NISM series examination will also be useful to all those individuals who are interested in acquiring a basic knowledge of the Indian Securities markets

I RESEARCH ANALYST (MANDATORY)

The examination seeks to create a common minimum knowledge benchmark for all associated persons registered as research analysts under SEBI (Research Analyst) Regulations, 2014, individuals employed as research analysts and partners of a research analyst, engaged in the preparation and/or publication of research reports or research analysis

J RETIREMENT ADVISOR (MANDATORY)

This examination seeks to create a common minimum knowledge benchmark for individuals, proprietors, partners and representatives of a retirement adviser registered under PFRDA (Retirement Adviser) Regulations, 2016. The certification aims to enhance the quality of services provided by a retirement adviser in the financial services industry.

K FINANCIAL EDUCATION (VOLUNTARY)

The examination is created for those candidates who wish to assess their financial literacy and their understanding of various aspects of financial markets including banking, securities, insurance and pension

L TAXATION IN THE SECURITIES MARKET (VOLUNTARY)

NISM-Series-XX-Taxation in Securities Markets Certification Examination seeks to create knowledge amongst market participants about the different taxation aspects in the Securities Markets

M ALTERNATE INVESTMENT FUNDS (VOLUNTARY)

The examination seeks to create a common minimum knowledge benchmark for persons working as Distributors or Placement Agents in the Alternative Investment Fund domain in India and aims to enhance the quality of sales and distribution and enable better quality investor services.

N PORTFOLIO MANAGEMENT SERVICES (MANDATORY)

Portfolio Management Services (PMS) Distributors Certification Examination is a mandatory examination. The examination seeks to create a common minimum knowledge benchmark for distributors of PMS. The certification aims to enhance the quality of distribution and related support services in the PMS.

O FIXED INCOME SECURITIES (VOLUNTARY)

NISM-Series-XXII: Fixed Income Securities Certification Examination seeks to create a common minimum knowledge benchmark for all associated persons employed or engaged in the Fixed Income Securities markets in India it also enhances the knowledge and proficiency in the Fixed Income Securities markets in India and aims to enhance the quality of services provided by the professional in this market.

P SOCIAL AUDITORS (VOLUNTARY)

The examination aims to create a pool of social auditors who would assess the impact of social interventions of various social enterprises that raise funds through the Social Stock Exchange platform.

We’ve made a detailed NISM registration video on how to book the exam, choose the exam centre and a few important guidelines (attached below):

Few Mistakes Students Make While Exam Registration:

• Book the exam schedule without having strong preparation and clearing confidence (guaranteed chances of losing money in exam fee)
• Not getting the documents verified prior (waiting for the last minute during exam schedule to verify the documents)
• Not reading the instructions/guidelines carefully and not asking enough questions

Here’s a list of FAQs students have come up with at Prof. Sheetal Kunder Academy:

Which NISM series to opt for if I just want to gain basic knowledge of the stock market?

We recommend going for NISM XII - Securities Market Foundation which gives an overall outlook of the market. After completing this series you understand in which area (banking, insurance, broking, or research) your interest lies.

So you can do your further specialization in the relevant NISM series.

Do we get a job in SEBI after passing NISM?

SEBI has its recruitment process and doesn't mandatorily require NISM certification.

Calculator allowed for the exam?

Physical calculator is allowed in the exam. Don't carry a scientific calculator as it reduces the speed because of small keys.

Only two places you require scientific calculator, to calculate PV and FV and to calculate CAGR, and for that you can use screen based calculator’s scientific version.

Secondly never even think of using screen based calculator because it will kill lot of your time and you might make lots of mistakes also.

Does NISM provide plain paper for rough work?

You can use your hall ticket back side , at centre they do provide paper but you need to submit it back while leaving the exam hall.

When NISM exams are conducted?

It depends which city you belong to. In Mumbai, exam is every day conducted but it certain type of cities exams are conducted once a week.

For any queries you can call at 9987308778

I'm confused about which NISM Series to pursue

There're more than 1,35,000 monthly searches for NISM and many of them don't have clarity to which series to pursue first. We've got a Student Advisor (Mr. Shreyas Karade 9503359949) who'll help you with this and guide you on your further financial career with current NISM updates.

How to apply for a job/internship after clearing NISM equity derivatives series?

We provide job assistance to students plus we suggest students check on LinkedIn regularly about finance jobs.

What is the scope of copying in exam?

Copying is the guaranteed way to fail and lose your time, energy & your parents money.

In your future finance job, you won’t be able to copy others strategy and gain the same results or won’t be able to build your firm with optimal results.

How much percentage are considered good in NISM?

70 to 85% is considered good and above that excellent. This exam will brush up your finance skills and will give you the track to become competent in your finance domain.

Should I take mock test practice from my college?

If your college provides the MCQs practice, do it. If you’re thinking of purchasing different MCQs sets from different online sources, you’re risking your exam fee and preparation time. Here’s the exact comparison we’ve attached for all the NISM Series and PSKA has the most exam oriented questions.

NISM XV - Research Analyst:

NISM XII Securities Market Foundation:

NISM V-A Mutual Fund Distributor:

If your college is willing to collaborate with us, we give more personal assistance to the students and take rigorous practice of MCQs (your college admin staff can contact us at skunder2727@gmail.com)