NISM Certification Examination

Certification Name	Test Duration	Exam Fees	No. of Questions	Passing Mark (%)	Negative Mark (%)
NISM Series I: Currency Derivatives Certification	2 Hrs	1500/-	100	60%	25%
NISM Series III-A: Securities Intermediaries Compliance Certification	2 Hrs	1500/-	100	60%	25%
NISM Series V-A: Mutual Fund Distributors Certification	2 Hrs	1500/-	100	50%	NIL
NISM Series VI: Depository Operations Certification	2 Hrs	1500/-	100	60%	25%
NISM Series VIII: Equity Derivatives Certification	2 Hrs	1500/-	100	60%	25%
NISM Series IX: Merchant Banking Certification	2 Hrs	1500/-	100	60%	25%
NISM-Series X-A: Investment Adviser (Level 1) Certification	3 Hrs	1500/-	135	60%	25%
NISM-Series X-B: Investment Adviser (Level 2) Certification	3 Hrs	3000/-	135	60%	25%
NISM Series XII: Securities Market Foundation Certification	2 Hrs	1500/-	100	60%	NIL
NISM Series XV: Research Analyst Certification Certification	2 Hrs	1500/-	100	60%	25%
NISM Series XVI: Commodity Derivatives Certification Certification	2 Hrs	1500/-	100	60%	25%
NISM Series XXI-B: Portfolio Managers Certification	3 Hrs	3000/-	120	60%	25%
NISM Series XX: Taxation In Securities Markets Certification	2 Hrs	1500/-	100	60%	25%
NISM Series XXI-A: Portfolio Management Services (PMS) Cert.	2 Hrs	1500/-	100	60%	25%
NISM Series XIX-C: Alternative Investment Fund Managers	3 Hrs	3000/-	120	60%	25%

All about NISM Certificates Exam

The National Institute of Securities Markets (NISM), established by the Securities and Exchange Board of India (SEBI) in 2006, offers a range of certification examinations aimed at enhancing the proficiency and knowledge of professionals in the Indian securities markets. These certifications are designed for various market participants, including brokers, investment advisers, and compliance officers, among others.

Key Points of the NISM Certification Exam

1. Eligibility Criteria
2. Exam Modes
3. Certification Fees
4. Certificate Validity
5. Exam Pattern
6. Module Name
7. Enrollment Process
8. Exam Syllabus
9. Study Material
10. Frequently Asked Questions (FAQs)

NISM Certification Exam Eligibility

According to NISM guidelines:
NISM certification exams are accessible to all individuals, regardless of age or educational background. There are no specific prerequisites concerning prior education or age limits, making these certifications inclusive for anyone interested in the Indian securities markets.

Exam Mode Options

All NISM certification exams are conducted offline at authorized test centers. Candidates are required to be physically present at these centers to take the exams under supervision.

NISM Exam Fees

The National Institute of Securities Markets (NISM) offers a range of certification examinations tailored for professionals in the securities markets. The examination fees vary depending on the specific certification which can be completed online via credit card, debit card, or net banking.

Certificate Validity

The validity of NISM certifications varies depending on the specific certification. Here is a general overview of the validity and renewal process for NISM certifications:

Most NISM Certifications: Valid for 3 years from the date of issuance.

Continuing Professional Education (CPE) Certifications: If renewed through a CPE program, the validity extends for another 3 years from the renewal date.

How to Enroll for The NISM Exam?

For completing the NISM certification registration, Login in to NISM and click on 'New Account' option

NISM Registration- Complete your profile. A scanned copy of Passport size photo, Aadhar Card and PAN Card would be needed in JPG format.

The profile gets approved within 3 days after the NISM exam registration and verification is done.

Booking involves - Selection of city, time slot & payment of Rs.1,500

In location select online if you want to give exam from home online.

The workbook will be available in the NISM portal. Download and study for the exam.

Once your clear the exam you have to apply for ARN

Tip: Always book exam after 3 weeks so that you can prepare for the exam NISM Exam Syllabus:
In order to qualify the NISM Exam, it is necessary for the personnel to understand the whole NISM Examination Syllabus. Following are the topics included in the NISM Curriculum.

Frequently Asked Questions (FAQs)

1. Can I use electronic items like a calculator during the exam?
Yes, calculators are allowed in the examination hall. No other electronic deviceÂ isÂ allowed.
2. What happens if I fail the NISM exam? Is there a refund policy?
There is no refund if a candidate fails. However, if NISM cancels the exam, a refund will be issued.
3. How can I pay the NISM certification fees?
The fees can be paid online using a debit card or net banking. For offline payment, demand drafts are accepted.
4. Is the NISM Exam available in Hindi?
Yes, the exam can be taken in Hindi, but only in offline mode.
5. What is the benefit of the NISM certificate?,
The NISM certificate is essential for mutual fund distributors to obtain the ARN number, which authorizes them to distribute mutual funds.