National Institute of Securities Markets (NISM) Certificates: All you need to know about

National Institute of Securities Markets (NISM) Certificates : All you need to know about

The National Institute of Securities Markets (NISM) is a public trust established in 2006 by the Securities and Exchange Board of India (SEBI),  the regulator of the securities markets in India. The institute carries out a wide range of capacity building activities at various levels aimed at enhancing the quality standards in securities markets.

♦NISM Certificates – Why is it so important?

NISM helps the market participants of India to develop their financial skills to the right level and expertise. This helps them to provide high-quality service and actions to anyone who wishes to invest in the financial markets.

♦List of NISM Certification examinations 

The School for Certification of Intermediaries (SCI) at NISM is engaged in developing certification examinations for professionals employed in various segments of the Indian securities markets. These examinations are being developed by NISM as mandated under SEBI (Certification of Associated Persons in the Securities Markets) Regulation, 2007.

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 1770/- 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 1770/- 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 1770/- 100 100 50 25 3
17 NISM Series-XII: Securities Markets Foundation Certification Examination+ 2hrs 1770/- 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 1770/- 100 100 60 25 3
20 2hrs 1500/- 100 100 60 25 3
21 NISM-Series-XVI: Commodity Derivatives Certification Examination 2hrs 1500/- 100 100 60 25 3
22 NISM-Series-XVII: Retirement Adviser Certification Examination 2hrs 1500/- 100 100 60 25 3
23 NISM-Series-XVIII: Financial Education Certification Examination+ 2hrs 1416/- 50 50 50 3
24 IBBI- Valuation Examination in the Asset Class: Land and Building 2hrs 1500/- 100 96 60 25
25. IBBI- Valuation Examination in the Asset Class: Plant and Machinery 2hrs 1500/- 100 96 60 25
26 IBBI- Valuation Examination in the Asset Class: Securities or Financial Assets 2hrs 1500/- 100 92 60 25

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

Sr.
No
NISM Exam Online Mock test Link
1 NISM Series I: Currency Derivatives Certification Examination Soon
2 NISM Series II A: Registrars and Transfer Agents (Corporate) Certification Examination Soon
3 NISM Series II B: Registrars and Transfer Agents (Mutual Fund) Certification Examination Soon
4 NISM Series-III-A: Securities Intermediaries Compliance (Non-Fund) Certification Examination Soon
5 NISM Series-III-B: Issuers Compliance Certification Examination+ Soon
6 NISM Series IV: Interest Rates Derivatives Certification Examination Soon
7 NISM Series V A: Mutual Fund Distributors Certification Examination Click Here
8 NISM-Series­V-B: Mutual Fund Foundation Certification Examination Soon
9 NISM-Series-V-C: Mutual Fund Distributors (Level 2) Certification Examination+ Soon
10 NISM Series VI: Depository Operations Certification Examination Click Here
11 NISM Series VII: Securities Operations and Risk Management Certification Examination Soon
12 NISM-Series-VIII: Equity Derivatives Certification Examination Soon
13 NISM Series-IX: Merchant Banking Certification Examination Soon
14 NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination Soon
15 NISM-Series-X-B: Investment Adviser (Level 2) Certification Examination Soon
16 NISM-Series-XI: Equity Sales Certification Examination+ Soon
17 NISM Series-XII: Securities Markets Foundation Certification Examination+ Soon
18 NISM Series-XIII: Common Derivatives Certification Examination Soon
19 NISM Series-XIV: Internal Auditors for Stock Brokers Certification Examination+ Soon
20 NISM Series-XV: Research Analyst Certification Examination Soon
21 NISM-Series-XVI: Commodity Derivatives Certification Examination Soon
22 NISM-Series-XVII: Retirement Adviser Certification Examination Soon
23 NISM-Series-XVIII: Financial Education Certification Examination+ Soon
24 NISM Series XIX-A: Alternative Investment Funds (Category I and II) Distributors+ Soon
25 NISM Series XXI-A: Portfolio Management Services (PMS) Distributors+ Soon
26 IBBI- Valuation Examination in the Asset Class: Land and Building Soon
27 IBBI- Valuation Examination in the Asset Class: Plant and Machinery Soon
28 IBBI- Valuation Examination in the Asset Class: nSecurities or Financial Assets Soon


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