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Quick Read
Ms Preeti cleared the NISM Series XXV-A exam, also known as NISM 25A or the PARS certification, in her first attempt. She prepared for up to two weeks. In her words, the exam mostly tests basic research concepts, market fundamentals, and SEBI compliance rules, so once you know what to expect, planning is simple. Her main advice to future aspirants is to focus on the basics, spend no more than one minute per question, solve easy questions first, and stay calm on exam day. NISM 25A is very much clearable when you approach it in a systematic way.
Who This Review Is For
If you are appearing for NISM 25A in the coming weeks or planning to sit for it in the next few months, this review is written for you.
We interviewed Ms Preeti shortly after she cleared NISM Series XXV-A in her first attempt. We asked her about her preparation, exam experience, mistakes to avoid, and advice for future aspirants. Her answers are shared below in her own words, followed by practical insights for your preparation. She recently cleared the exam on her first attempt. Instead of giving you a generic study guide, we asked her six honest questions about her actual experience and put her answers here in her own words. Below each answer, you will find a short explanation of what her point means for your own preparation.
Before you read her review, a quick note on the exam itself so the rest of this review makes sense.
What Is NISM 25A?
NISM 25A is the short name for NISM Series XXV-A, officially titled "Persons Associated with Research Services (Sales and Other Non-Core Services) Certification Examination." It was launched by the National Institute of Securities Markets (NISM), SEBI's education arm, on 10 February 2026.
It is a SEBI-mandated exam for a specific group of people. If you work at a SEBI-registered research analyst firm in sales, marketing, relationship management, or any other client-facing role that is not core research, this exam applies to you. It does not apply to the actual research analyst who publishes research reports. That role still needs NISM Series XV.
NISM 25A Exam Details| Detail | Information |
| Full name | NISM Series XXV-A: Persons Associated with Research Services (Sales and Other Non-Core Services) Certification Examination |
| Other names | NISM XXV-A, NISM 25A, PARS Certification |
| Regulator | SEBI (via NISM) |
| Launch date | 10 February 2026 |
| Who must appear | Sales, marketing, relationship management, and other non-core client-facing staff at SEBI-registered Research Analyst firms |
| Total questions | 50 MCQs |
| Total marks | 50 (1 mark per question) |
| Duration | 60 minutes |
| Passing marks | 25 out of 50 (50%) |
| Negative marking | No |
| Fee | Rs. 1,500 |
| Mode | Online, remotely proctored (from home) |
| Certificate validity | 3 years |
| SEBI compliance deadline | 23 July 2026 |
Q1. What to Expect From NISM 25A Before You Appear
My perception before appearing for this exam was clear. I assumed the exam would cover basic research, markets, and compliance and regulatory concepts. The NISM 25A syllabus is limited to three broad areas.
Q2. What were the easy and difficult concepts during your preparation?
Prof. Sheetal Kunder Academy made the concepts easy to understand for all modules in the course while learning PARS. Notice what she did not say. She did not point out a single topic as difficult. That is rare for any NISM exam, and it tells you something about how the syllabus feels once you sit with it. But if you talk to a wider set of aspirants, a clear pattern shows up. Some sections feel easy because they match what you already do in your job. Others feel harder because they are rule-heavy and need pure memory work.
Easy topics for most students:
Harder topics for most students:
A quick tip that works for most aspirants:
Q3. How many hours did you dedicate daily to clear this in the first attempt?
Ms Preeti took a maximum of two weeks to thoroughly prepare to clear on the 1st attempt. She did not share her exact daily hours, and to be fair, hourly targets are not always useful for working professionals. What matters more is that you touch the syllabus every single day, even if it is only for 30 to 45 minutes.
Here is a 2-week plan that mirrors how most first-attempt clearers structure their prep:
Q4. What Actually Helped in NISM 25A Preparation?
Preeti's own words: Prof. Sheetal Kunder Academy helped me in my preparation for PARS. All the research concepts were explained nicely and were simple to understand in Hindi/English. Even the study modules were easy to understand, and the mock test was the most important practice, which helped me gain confidence while appearing for the exam.
Q5. What impact did this exam have on your career and profession?
Preeti's own words: PARS XXV-A Certification is a mandatory certification launched by SEBI for all candidates who are into research, sales, or stock market business. It targets professionals in sales, marketing, and client relationships, as well as SEBI-registered research analysts. Clearing this exam will have a positive impact on our career, present and future. NISM 25A is not optional. SEBI has made it mandatory for sales, marketing, and client-facing roles at registered research analyst firms.
What clearing NISM 25A gives you:
Q6. What is your single message to upcoming NISM XXV-A aspirants?
To upcoming aspirants for cracking NISM XXV-A, just focus on fundamentals. Allocate a maximum of 1 minute per question to avoid pressure. Stay calm and focused, trust your preparation, and approach the exam systematically. Attempt easy questions first, and review the questions left marked for review after completing the easy ones. Be confident! All the best.
She kept her message short, but every word comes from someone who has actually sat through the exam and knows exactly where students lose time and confidence.
Here is her advice, broken down into a simple checklist you can carry into the exam hall:
What Ms Preeti's Review Actually Teaches Us
If we strip everything down to the lessons that will help you prepare, this is what her experience tells us:
Conclusion
Ms Preeti's NISM 25A journey proves something simple yet easy to forget: this exam rewards preparation, not panic. She walked in with a clear sense of what the syllabus actually demanded, spent two focused weeks building that understanding, and leaned on mock tests until the exam's pace stopped feeling like pressure and started feeling familiar. Nothing about her approach was extraordinary, and that's exactly the point. She didn't chase shortcuts or overthink the difficulty. She matched her effort to what the exam actually tests, revised the regulatory content until it stuck, and walked into the exam hall trusting the work she'd already put in. That combination- clarity, consistency, and calm - is what carried her through on the first attempt. If you're preparing for NISM 25A, her experience isn't just inspiring; it's a workable template.

{{AUTHOR}}
No. Based on Ms Preeti's experience and the exam design, NISM 25A is a manageable exam for anyone who prepares consistently for about two weeks. The 50 per cent passing mark and the absence of negative marking make it more forgiving than most other NISM exams.
Two weeks of focused study is enough for most working professionals. Ms. Preeti cleared it in this timeline. If you already have experience with markets and SEBI rules, you may need less. If you are new to the sector, plan for three weeks to be safe.
You need 25 out of 50 marks, which is 50 percent. There is no negative marking, so you should attempt every single question, including the ones you are unsure about.
Yes. It is a SEBI-mandated certification for Persons Associated with Research Services (PARS) who work in sales, marketing, and non-core client-facing roles at SEBI-registered Research Analyst firms. The compliance deadline is 23 July 2026.
No, not immediately. If you already hold a valid NISM Series XV: Research Analyst certification, you do not need to appear for NISM 25A right away. You will need to take NISM 25A only after your NISM 15 certificate expires, and only if your role at that point qualifies as PARS.
Yes. NISM 25A is a fully online exam and is conducted in a remotely proctored setup. You need a stable internet connection, a working webcam, and a quiet space.
The exam fee is Rs. 1,500 (plus payment gateway charges). The certificate is valid for 3 years and needs to be renewed by reappearing for the exam before the existing certificate expires.
The syllabus covers the Indian securities market, fundamentals of research and risk and return, the SEBI (Research Analysts) Regulations, 2014, ethics and compliance for research services, and client interaction and relationship skills.