NISM Exam 2021 : Syllabus , Fees , Registration , Marks & Mock Tests

NISM Exam - Syllabus, Exam Details , Fees Structure , Registration Process , Marks, & Online Mock tests.

NISM Certification Exam Details: Syllabus, Exam Fees & Registration Process 2021

NISM Exam Syllabus 2021 , NISM Exam Certification , NISM Exam Fees , NISM Registration Process: In this article we are sharing the complete details about NISM Exam Syllabus , Registration and Fees , Marking, Duration & Validity etc. The National Institute of Securities Market (NISM) is a public trust that aims at enhancing the quality standards in securities markets by conducting certification exams. The certification exam conducted by NISM is for security Market executives and other related services. NISM was established in 2006 by the Securities and Exchange Board of India (SEBI), the regulator of the securities markets in India. NISM is managed by the Security and Exchange Board of India, SEBI. NISM examination is also controlled and regulated by SEBI.

NISM Certification Exam

NISM offers certification exams in different fields and levels within the security Market.

Candidates according to their interest and need can opt for any of these NISM exams.

Here is a list of NISM Certification exams conducted by the National Institute of Securities Market (NISM):

NISM Exam Test Duration Fees (Rs) Maximum Marks No. of Questions Pass Mark (%) Negative Marks (%)
NISM Series I: Currency Derivatives Certification Examination 2hrs 1500/- 100 100 60 25
NISM Series II A: Registrars and Transfer Agents (Corporate) Certification Examination 2hrs 1500/- 100 100 50 25
NISM Series II B: Registrars and Transfer Agents (Mutual Fund) Certification Examination 2hrs 1500/- 100 100 50 25
NISM Series-III-A: Securities Intermediaries Compliance (Non-Fund) Certification Examination 2hrs 1500/- 100 100 60 25
NISM Series-III-B: Issuers Compliance Certification Examination+ 2hrs 1770/- 100 100 60 25
NISM Series IV: Interest Rates Derivatives Certification Examination 2hrs 1500/- 100 100 60 25
NISM Series V A: Mutual Fund Distributors Certification Examination 2hrs 1500/- 100 100 50
NISM-Series­V-B: Mutual Fund Foundation Certification Examination 2hrs 1200/- 50 50 50
NISM-Series-V-C: Mutual Fund Distributors (Level 2) Certification Examination+ 2hrs 1770/- 100 68 60 25
NISM Series VI: Depository Operations Certification Examination 2hrs 1500/- 100 100 60 25
NISM Series VII: Securities Operations and Risk Management Certification Examination 2hrs 1500/- 100 100 50 25
NISM-Series-VIII: Equity Derivatives Certification Examination 2hrs 1500/- 100 100 60 25
NISM Series-IX: Merchant Banking Certification Examination 2hrs 1500/- 100 100 60 25
NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination 2hrs 1500/- 100 100 60 25
NISM-Series-X-B: Investment Adviser (Level 2) Certification Examination 2hrs 1500/- 100 68 60 25
NISM-Series-XI: Equity Sales Certification Examination+ 2hrs 1770/- 100 100 50 25
NISM Series-XII: Securities Markets Foundation Certification Examination+ 2hrs 1770/- 100 100 60
NISM Series-XIII: Common Derivatives Certification Examination 3hrs 3000/- 150 150 60 25
NISM Series-XIV: Internal Auditors for Stock Brokers Certification Examination+ 2hrs 1770/- 100 100 60 25
NISM Series-XV: Research Analyst Certification Examination 2hrs 1500/- 100 100 60 25
NISM-Series-XVI: Commodity Derivatives Certification Examination 2hrs 1500/- 100 100 60 25
NISM-Series-XVII: Retirement Adviser Certification Examination 2hrs 1500/- 100 100 60 25
NISM-Series-XVIII: Financial Education Certification Examination+ 2hrs 1416/- 50 50 50
NISM Series XIX-A: Alternative Investment Funds (Category I and II) Distributors+ 2hrs 1770 100 100 60 25
NISM Series XXI-A: Portfolio Management Services (PMS) Distributors+ 2hrs 1770 100 100 60 25
IBBI- Valuation Examination in the Asset Class: Land and Building 2hrs 1500/- 100 96 60 25
IBBI- Valuation Examination in the Asset Class: Plant and Machinery 2hrs 1500/- 100 96 60 25
IBBI- Valuation Examination in the Asset Class: nSecurities or Financial Assets 2hrs 1500/- 100 92 60 25
  • Certificate Validity : 3 Years

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

Who is eligible for NISM exam?

The certification exam offered by NISM could be taken by commerce students, security Market members but the NISM exam is also open to anyone who is interested in the security market and mutual funds. Anyone who is wants to learn about the Indian Securities Markets may also take the exam. NISM has not set any eligibility criteria in terms of educational qualification or age to appear for the NISM exam.

NISM Exam Syllabus 2021

The NISM exam syllabus varies according to the NISM exam that candidates select.

By clicking on the exam name offered by NISM on this page, you will be redirected to the that particular exam page.

Then click on the curriculum button on the left-hand side of the page, you can get all the syllabus details regarding that particular exam.

For example, the syllabus for NISM-Series-II-A: Registrars to an Issue and Share Transfer Agents-Corporate Certification Examination is:

I: Introduction to Securities

  1. Introduction to Equity and Debt
  2. Features of Equity Capital and Benefits to Equity Investors
  3. Features of Debt Capital and Benefits to Debt Investors
  4. Hybrid Structures

II: Characteristics of Equity Shares

  1. Investors in Equity Shares
  2. Rights of a Shareholder
  3. Risks in Equity Investing
  4. Equity Terminology
  5. Corporate Actions
  6. Reduction of Share Capital
  7. Preference Shares
  8. Rights Issue of Shares
  9. Preferential Issue

III: Characteristics of Debt Securities

  1. Features of a Debt Security
  2. Market Value of a Debt security
  3. Yield from Debt Instruments
  4. Types of Debt Securities
  5. Classification of Debt Market
  6. Credit Rating
  7. Money Market Instruments

IV: Characteristics of Other Securities

  1. Warrants
  2. Convertible Debentures
  3. Depository Receipts
  4. Foreign Currency Convertible Bond (FCCB)
  5. Exchange Traded Funds (ETFs) and Index Funds
  6. Investment Trusts
  7. Alternate Investment Funds (AIFs)
  8. Corporate Fixed Deposits

 V: Basics of Mutual Funds

  1. Introduction to Mutual Funds
  2. Advantages of Mutual Funds
  3. Open Ended and Close Ended Mutual Funds
  4. Assets under Management (AUM)
  5. Net Assets

VI: SEBI – Role and Regulations

  1. Securities and Exchange Board of India Act, 1992 and Role of SEBI
  2. SEBI Regulations specifically aimed at Investor Protection
  3. Investor Education and Protection Fund (IEPF) Authority
  4. SEBI Regulations for Registrars and Transfer Agents

VII: Public Offer of Securities

  1. Issuing Equity Capital
  2. Public Offer of Shares
  3. Reservations
  4. Initial Public Offer
  5. Eligibility for Public Issue of Shares
  6. Further Public Offer
  7. Buy Back of Securities

VIII: Modes of allotment of shares other than Public Offers

  1. Private Placement of Shares
  2. Qualified Institutions Placement
  3. Rights Issue
  4. Employee Stock Options (ESOPs)
  5. Conversion of Convertible Debentures/ Bonds into shares

IX: Processes related to Public Offering of Shares

  1. Pre-Issue Work
  2. Post-Issue Work
  3. Terms and Concepts in Public Issue of Shares
  4. Prospectus
  5. Red Herring Prospectus
  6. Underwriting
  7. Green Shoe Option
  8. Methods of Making a Public Issue of Shares
  9. Initial Public Offer (IPO) by Small and Medium Enterprises (SME)

X: Roles and Responsibilities in a Public Issue

  1. Registrar and Transfer Agents
  2. Sponsor Bank
  3. Bankers to the Issue
  4. Role and Responsibilities of the Registrar to the Issue regarding UPI Mechanism
  5. Brokers to the Issue/Syndicate Members/ Designated Intermediaries

 XI: Depository Services

  1. Dematerialisation
  2. Constituents of the Depository System
  3. Investor’s Interface with the Depository

XII: Processes Related to Depositories

  1. Dematerialisation of Securities
  2. Rematerialisation of Securities
  3. Trading and Settlement
  4. Beneficial Owner Reporting
  5. Corporate Actions
  6. Reconciliation
  7. Crediting shares to IEPF Account

XIII: Investor Interface with the R&T Agent

  1. Transfer of Securities
  2. Recording Change in Investor Information
  3. Issue of Duplicate Certificate for Securities
  4. Stop Transfers
  5. Transmission
  6. Annual General Meeting
  7. E Voting
  8. Responsibilities of RTA during Annual General Meetings (AGM)

Annexure A: Standard Operating Procedure for Change of Address

Annexure B: Standard Operating Procedure for Issuance of Duplicate Share Certificate

Annexure C: Standard Operating Procedure for Transmission of securities

XIV: Secondary Market Transactions

  1. Stock Markets
  2. Participants in the Stock Markets
  3. Listing of Securities
  4. SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (LODR)

XV: Client Servicing

  1. Investor in context of RTA organisation
  2. First Time Right (FTR)
  3. Principles of Client Servicing
  4. Service etiquettes of RTA organisations in Client Servicing

NISM exam Examination Fees 

For different NISM Certifications there are different examination fees which are in between Rs.1200 – Rs. 3000, depending on the exam the candidate wants to follow.

For example, the “IBBI- Valuation Examination in the Asset Class: Land and Building” Certification Examination costs Rs.1500, including taxes;

or the NISM Series-XIII: Common Derivatives Certification Examination costs Rs. 3000.

For a detailed information about all the examination fees refer to the above table.

NISM Registration Process

NISM offers an easy registration process for the various courses offered.

To appear in any of the NISM exams one has to fill the registration form available on NISM online certification portal. After registration at the NISM portal, the candidates have to fill in other details such as center, specify the exam, date and time slot. And finally, after filing the NISM enrolment form the candidate can appear in the exam.

Here are the steps for registering for NISM exam online:

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

Step 2: Fill up the Candidate Registration Form by correctly filling up all the (*) asterisk marked sections. The personal information must be filled up correctly, as they will be used on the admit card as well as on the certificate.

Click on SUBMIT button to generate the activation link, after completing the registration form.

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.

Download NISM Mock Test APP

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 Click Here
12 NISM-Series-VIII: Equity Derivatives Certification Examination Click Here
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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