NISM stands for National Institute of Securities Markets. It’s a Public trust set up by SEBI.
NISM is the sole authority to issue certifications for all people working in financial markets.
|Sno||NISM Exam||Who Should Pass this 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||Dealers and Marketing / Sales Personel working in Currency Segment||2 hrs||1500/-||
|2||NISM Series II A: Registrars and Transfer Agents (Corporate) Certification Examination||Employees of Registrar and Transfer Agents of Corporates||2 hrs||1500/-||100||100||50||0.25||3|
|3||NISM Series II B: Registrars and Transfer Agents (Mutual Fund) Certification Examination||Employees of Registrars and Transfer Agents ( CAMS, Karvy & Sundaram Fund Services etc)||2 hrs||1500/-||100||100||50||0.25||3|
|4||NISM Series V A: Mutual Fund Distributors Certification Examination||Anyone who wants to become a Normal Mutual Fund Advisor||2 hrs||1500/-||100||100||50||0||3|
|5||NISM Series V B: Mutual Fund Foundation Certification Examination||Anyone who wants to become a Simple Mutual Fund Advisor||2 hrs||1200/-||50||50||50||0||3|
|6||NISM Series VI: Depository Operations Certification Examination||Employees working in Demat section of Banks, Sharebroking Offices etc||2 hrs||1500/-||100||100||60||0.25||3|
|7||NISM Series VII: Securities Operations and Risk Management Certification Examination||Dealers and Marketing/ Sales Personel working in Share Broking office||2 hrs||1500/-||100||100||50||0.25||3|
|8||NISM Series VIII: Equity Derivatives Certification Examination||Dealers and Marketing/ Sales Personel working in Equity Derivatives Segment||2 hrs||1500/-||100||100||60||0.25||3|
|9||NISM Series IX: Merchant Banking Certification Examination||Employees of Investment Banking / Merchant Banking companies||2 hrs||1500/-||100||100||60||0.25||3|
|10||NISM Series X A: Investment Adviser (Level 1) Certification Examination||Investment Advisors who want to charge Advisory Fee from clients||2 hrs||1500/-||100||100||60||0.25||3|
|11||NISM Series X B: Investment Adviser (Level 2) Certification Examination||Investment Advisors who want to charge Advisory Fee from clients||2 hrs||1500/-||100||68||60||0.25||3|
|12||NISM Series XV: Research Analyst Certification Examination||Anyone who wants to become a Research Analyst||2 hrs||1500/-||100||100||60||0.25||3|
|13||NISM Series XVII: Retirement Adviser Certification Examination||Any entity acting or desirous of acting as retirement adviser under the Pension Fund Regulatory and Development Authority (Retirement Adviser) Regulations, 2016 shall obtain the certification||2 hrs||1500/-||100||100||60||0.25||3|
|14||NISM Series III A: Securities Intermediaries Compliance (Non-Fund) Certification Examination||-||2 hrs||1500/-||100||100||60||0.25||3|
|15||NISM Series III B: Issuers Compliance Certification Examination||-||2 hrs||1770/-||100||100||60||0.25||3|
|16||NISM Series IV: Interest Rates Derivatives Certification Examination||-||2hrs||1500/-||100||100||60||0.25||3|
|17||NISM Series V C: Mutual Fund Distributors (Level 2) Certification Examination||-||2hrs||1770/-||100||68||60||0.25||3|
|18||NISM Series XI: Equity Sales Certification Examination||-||2hrs||1770/-||100||100||50||0.25||3|
|19||NISM Series XII: Securities Markets Foundation Certification Examination||-||2hrs||1770/-||100||100||60||0||3|
|20||NISM Series XIII: Common Derivatives Certification Examination||-||3hrs||3000/-||150||150||60||0.25||3|
|21||NISM Series XIV: Internal Auditors for Stock Brokers Certification Examination||-||2hrs||1770/-||100||100||60||0.25||3|
|22||NISM Series XVI: Commodity Derivatives Certification Examination||-||2hrs||1500/-||100||100||60||0.25||3|
|23||NISM Series XVIII: Financial Education Certification Examination||-||2hrs||1416/-||50||50||50||0||3|
|24||NISM Series XXI A: Portfolio Management Services (PMS) Distributors||-||2hrs||1770/-||100||100||60||0.25||3|
|25||NISM Series XIX A: Alternative Investment Funds (Category I and II) Distributors||-||2hrs||1770/-||100||100||60||0.25||3|
|26||IBBI Valuation Examination in the Asset Class: Land and Building||-||2hrs||1500/-||100||96||60||0.25||-|
|27||IBBI Valuation Examination in the Asset Class: Plant and Machinery||-||2hrs||1500/-||100||96||60||0.25||-|
|28||IBBI Valuation Examination in the Asset Class: nSecurities or Financial Assets||-||2hrs||1500/-||100||92||60||0.25||-|
Registration can be done ONLINE or OFFLINE.
NISM Exams can be taken in the following centres.
NISM Registration How to? Where?
Please do not register for NISM exams in any other sites.
To renew your current certificate, you need to appear for NISM CPE or successfully pass the NISM Certification Examination before the expiry of such certificate.