NISM Full form is National Institute of Securities Markets. NISM offers a variety of certification courses to help individuals gain knowledge and skills in the securities markets. These courses cover a wide range of topics, including equity, debt, derivatives, mutual funds, and more.
NISM certification is recognized by the Securities and Exchange Board of India (SEBI) and is required for individuals working in the securities markets.
To get certified, you must pass the NISM certification exam. The NISM Exams are online and can be taken in NSE-IT test centres.
To register for the NISM exam, you must first create an account on the NISM website.
Once you have created an account, you can register for the exam by selecting the course you want to take and the exam date.
The registration fee for the NISM exam is Rs. 1,500/-.
NISM Exams can be taken in the following centres.
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.
| 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/- | 100 |
100 | 60 | 0.25 | 3 |
| 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 | 3 hrs | 3000/- | 150 | 135 | 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 | 3 hrs | 3000/- | 150 | 120 | 60 | 0.25 | 3 |
| 12 | NISM-Series-X-C: Investment Adviser Certification (Renewal) Examination | - | 1 hr | 2500/- | 50 | 50 | 50 | 0 | 3 |
| 13 | NISM Series XV: Research Analyst Certification Examination | Anyone who wants to become a Research Analyst | 2 hrs | 1500/- | 100 | 100 | 60 | 0.25 | 3 |
| 14 | NISM Series XV-B: Research Analyst Certification (Renewal) Examination | - | 1 hr | 2500/- | 50 | 50 | 50 | 0 | 3 |
| 15 | 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 |
| 16 | NISM Series III A: Securities Intermediaries Compliance (Non-Fund) Certification Examination | - | 2 hrs | 1500/- | 100 | 100 | 60 | 0.25 | 3 |
| 17 | NISM Series IV: Interest Rates Derivatives Certification Examination | - | 2hrs | 1500/- | 100 | 100 | 60 | 0.25 | 3 |
| 18 | NISM Series XII: Securities Markets Foundation Certification Examination | - | 2hrs | 1770/- | 100 | 100 | 60 | 0 | 3 |
| 19 | NISM Series XIII: Common Derivatives Certification Examination | - | 3hrs | 3000/- | 150 | 150 | 60 | 0.25 | 3 |
| 20 | NISM Series XVI: Commodity Derivatives Certification Examination | - | 2hrs | 1500/- | 100 | 100 | 60 | 0.25 | 3 |
| 21 | NISM Series XXI A: Portfolio Management Services (PMS) Distributors | - | 2hrs | 1500/- | 100 | 100 | 60 | 0.1 | 3 |
| 22 | NISM Series XXI-B: Portfolio Managers Certification Examination | - | 3hrs | 3000/- | 150 | 120 | 60 | 0.25 | 3 |
| 23 | NISM Series XIX A: Alternative Investment Funds (Category I and II) Distributors | - | 2hrs | 1770/- | 100 | 100 | 60 | 0.25 | 3 |
| 24 | NISM Series XIX B: Alternative Investment Funds (Category III) Distributors | - | 2hrs | 1770/- | 100 | 100 | 60 | 0.25 | 3 |
| 25 | NISM-Series-XIX-C: Alternative Investment Fund Managers Certification Examination | - | 3hrs | 3000/- | 150 | 120 | 60 | 0.25 | 3 |
| 26 | IBBI Valuation Examination in the Asset Class: Land and Building | - | 2hrs | 5900/- | 100 | 90 | 60 | 0.25 | - |
| 27 | IBBI Valuation Examination in the Asset Class: Plant and Machinery | - | 2hrs | 5900/- | 100 | 90 | 60 | 0.25 | - |
| 28 | IBBI Valuation Examination in the Asset Class: Securities or Financial Assets | - | 2hrs | 5900/- | 100 | 90 | 60 | 0.25 | - |
| 29 | NISM-Series-XXIII: Social Impact Assessors Certification Examination | - | 2hrs | 1770/- | 100 | 100 | 60 | 0.25 | 3 |
| 30 | NISM-Series-XXIV: AML and CFT Provisions in Securities Markets Certification Examination | - | 1hr | 885/- | 50 | 50 | 50 | 0 | 3 |
| 31 | SEBI Investor Awareness Test | - | 1hr | Free | 50 | 50 | 50 | 0 | 2 |