The National Institute of Securities Markets (NISM) is an initiative of Securities and Exchange Board of India (SEBI), established in 2006. The NISM certification courses primarily aim at increasing the participation and standards of the securities markets, with the principal objective of providing best capacity building activities.

As different courses provide the deepest and thorough understanding of the stock market dealings while promoting the securities markets education and research, more and more students are opting for it.

There are plenty of job opportunities for NISM certified professionals as it successfully paves the path for a promising future through high-quality education and top brand recruiters.

Who is NISM for?

NISM is for those commerce students who wish to pursue a successful career in the securities markets. Being the best and also a mandatory exam for stock market dealings, NISM course makes the students fully prepared for venturing into the finance industry.

Syllabus for NISM

The syllabus for NISM depends on the module that you are planning to take up. By selecting on individual courses offered by NISM, and clicking on curriculum button on the left hand side of the page, you can get all the curriculum details regarding it.

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For example, the syllabus for Currency Derivatives include introduction to Currency Markets, Exchange Traded Currency Futures, Foreign Exchange Derivatives, Strategies Using Currency Futures, and Trading in Currency Futures.

NISM has over 175 test centres around India, where students can avail the best financial education possible.

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-III-B: Issuers Compliance Certification Examination+ 2hrs 1725/- 100 100 60 25 3
6 NISM Series IV: Interest Rates Derivatives Certification Examination 2hrs 1500/- 100 100 60 25 3
7 NISM Series V A: Mutual Fund Distributors Certification Examination 2hrs 1500/- 100 100 50 3
8 NISM-Series­V-B: Mutual Fund Foundation Certification Examination 2hrs 1200/- 50 50 50 3
9 NISM-Series-V-C: Mutual Fund Distributors (Level 2) Certification Examination+ 2hrs 1725/- 100 68 60 25 3
10 NISM Series VI: Depository Operations Certification Examination 2hrs 1500/- 100 100 60 25 3
11 NISM Series VII: Securities Operations and Risk Management Certification Examination 2hrs 1500/- 100 100 50 25 3
12 NISM-Series-VIII: Equity Derivatives Certification Examination 2hrs 1500/- 100 100 60 25 3
13 NISM Series-IX: Merchant Banking Certification Examination 2hrs 1500/- 100 100 60 25 3
14 NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination 2hrs 1500/- 100 100 60 25 3
15 NISM-Series-X-B: Investment Adviser (Level 2) Certification Examination 2hrs 1500/- 100 68 60 25 3
16 NISM-Series-XI: Equity Sales Certification Examination+ 2hrs 1725/- 100 100 50 25 3
17 NISM Series-XII: Securities Markets Foundation Certification Examination+ 2hrs 1725/- 100 100 60 3
18 NISM Series-XIII: Common Derivatives Certification Examination 3hrs 3000/- 150 150 60 25 3
19 NISM Series-XIV: Internal Auditors for Stock Brokers Certification Examination+ 2hrs 1725/- 100 100 60 25 3
20 NISM Series-XV: Research Analyst Certification Examination 2hrs 1500/- 100 100 60 25 3
21 NISM-Series-XVII: Retirement Adviser Certification Examination 2hrs 1500/- 100 100 60 25 3
22 IBBI-Limited Insolvency Examination 2hrs 1000/- 90 100 60 25 The certificate is valid for life

* Online Payment Gateway Charges extra
+ indicates non-mandatory examinations

Examination Fees

The examination fees for different NISM Certifications generally ranges between 1200 INR, 1500 INR, 1725 INR and 3000 INR, depending on the module the student wants to pursue.  

For example, the NISM Series I: Currency Derivatives Certification Examination costs 1500 INR, including taxes; or the NISM-Series-V-C: Mutual Fund Distributors (Level 2) Certification Examination costs 1725 INR. for a detailed information about all the different examination fees refer to this link.

Registering for NISM

NISM offers an easy registration process for the various courses offered. Here are the simple steps for registering for NISM online.

Step 1: Visit the official NISM website and simply click on the register button.

Step 2: Carefully fill up the registration form by properly filling up all the (*) asterisk marked sections. The personal details must be filled up accurately, as they will be used on the admit card as well as on the certificate. After completion of the registration form, click on ‘submit’ to generate the activation link.

Step 3: Once the activation link is sent to the user’s mentioned email ID in the registration form, it is only by clicking on the activation link that the NISM account will be activated. Immediately after the account is activated, the candidate can log in and use the particular registration number for further communication with NISM.

The NISM certification exam is affordable, easy to prepare for, and most importantly, anybody with an interest in finance and securities market can give it. With no minimum qualifications, NISM exam is perfect whether you are a fresher looking for a great career in finance or a professional hoping to get more expertise.

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