NISM certification full form stands for National Institute of Securities Markets. NISM is an educational arm of Securities and Exchange Board of India. The institute offers students certification courses in the field of securities markets. There are around 30 certification courses offered by NISM. The National Institute of Securities Markets was established in the year 2006 by SEBI. NISM has six schools of excellence namely School for Securities Education (SSE), School for Certification of Intermediaries (SCI), School for Regulatory Studies and Supervision (SRSS)
This Story also Contains
School for Investor Education and Financial Literacy (SIEFL), School for Corporate Governance (SCG), School for Securities Information and Research (SSIR). Read this article to get detailed information about NISM certification, NISM full form and more.
Sr. | NISM Certification Examinations | Duration (in mins) | Max Marks | POSS Marks(%) | Negative Marks | Certificate Validity | Fees (T) |
01 | NISM-Series-I: Currency Derivatives | 120 | 100 | 60 | 25% | 3 | 1500 |
02 | NISM-Series-II-A: Registrars to an Issue and Share Transfer Agents - Corporate | 120 | 100 | 50 | 25% | 3 | 1500 |
03 | NISM-Series-II-B: Registrars to an Issue and Share Transfer Agents -Mutual Fund | 120 | 100 | 50 | 25% | 3 | 1500 |
04 | NISM-Series- III-A: Securities Intermediaries Compliance (Non- Fund) | 120 | 100 | ó0 | 25% | 3 | 1500 |
05 | NISM-Series-III-B: Issuers Compliance | 120 | 100 | ô0 | 25% | 3 | 1770 |
06 | NISM-Series- IV: Interest Rate Derivatives | 120 | 100 | 60 | 25% | 3 | 1500 |
07 | NISM-Series-V-A: Mutual Fund Distributors | 120 | 100 | 50 | 3 | 1500 | |
08 | NISM-Series-V-B: Mutual Fund Foundation | 120 | 50 | 50 | 3 | 1200 | |
05' | NlSM-Series-V-C: Mutual Fund Distributors (Level 2) | 120 | 100 | 60 | 25% | 3 | 1770 |
10 | NISM-Series-VI: Depository Operations | 120 | 100 | 60 | 25% | 3 | 1500 |
11 | NISM-Series-VII: Securities Operations and Risk Management | 120 | 100 | 50 | 25% | 3 | 1500 |
12 | NISM-Series-VIII: Equity Derivatives | 120 | 100 | ó0 | 25% | 3 | 1500 |
13 | NISM-Series-IX: Merchant Banking | 120 | 100 | 60 | 25% | 3 | 1500 |
14 | NISM-Series-X-A: Investment Adviser (Level 1 ) | 180 | 150 | 60 | 25% | 3 | 3000 |
15 | NISM-Series-X-B: Investment Adviser (Level 2) | 180 | 150 | ô0 | 25% | 3 | 3000 |
1 ó | NISM-Series-XII: Securities Markets Foundation | 120 | 100 | ó0 | 3 | 1770 | |
17 | NISM-Series-XIII: Common Derivatives | 180 | 150 | 60 | 25% | 3 | 3000 |
18 | NISM-Series-XV: Research Analyst | 120 | 100 | 60 | 25% | 3 | 1500 |
19 | NISM-Series-XVI: Commodity Derivatives | 120 | 100 | ô0 | 25% | 3 | 1500 |
20 | NISM-Series-XVII: Retirement Adviser | 120 | 100 | 60 | 25% | 3 | 1500 |
21 | NISM-Series-XVIII: Financial Education | 120 | 50 | 50 | 3 | 1416 | |
22 | NISM-Series-XIX-A: Alternative Investment Funds (Category I and Il) Distributors | 120 | 100 | 60 | 25% | 3 | 1770 |
23 | NlSM-Series-XIX-B: Alternative Investment Funds (Category III) Distributors | 120 | 100 | 60 | 25% | 3 | 1770 |
24 | NISM-Series-XX: Taxation in Securities Markets | 120 | 100 | ó0 | 25% | 3 | 1770 |
25 | NlSM-Series-XXI-A: Portfolio Management Services (PMS) Distributors | 120 | 100 | ô0 | 25% | 3 | 1500 |
26 | NISM- Serìes-XXI- B: Portfolio Managers | 180 | 150 | 60 | 25% | 3 | 3000 |
27 | NISM-Series-XXII: Fixed Income Securities | 120 | 100 | 60 | 25% | 3 | 1770 |
28 | IBBI: Valuation Examination in the Asset class: Land and Building | 120 | 100 | ó0 | 25% | 5,900 | |
29 | IBBI: Yoluotion Exominofion in the Assef class: Plant and Machinery | 120 | 100 | ô0 | 25% | 5,900 | |
30 | IBBI: Valuation Examination in the Asset class: Securities or Financial Assets | 120 | 100 | ó0 | 25% | 5,900 |
Also, check - NISM Registration
brokers, investment banks, banks, AMCs, and other entities accept NISM certification.
The NISM study material is a good source of information about securities markets.
Adding NISM certification to your profile can land you a good job in the securities industry.
NISM certification is a basic requirement for various job roles in securities markets.
Compared to other certifications of the same profile, NISM has very less fee.
The application window of NISM certification is open throughout the year. Students or professionals who want to take up the certification can apply online anytime of the year through the official website of NISM. Here are some details about the pattern of the NISM exam:
NISM Certification Test Pattern
Particulars | Details |
Total number of questions | 100 |
Marks for correct response | 1 mark |
Maximum number of marks | 100 |
Passing marks | 50% |
Negative marking | No |
Also, check - NISM Exam Syllabus
Frequently Asked Questions (FAQs)
The NISM exam fees varies between Rs.1500 to around Rs. 6000 for different certifications.
The NISM certifications is a useful qualification for anyone wanting to make a career in the securities and financial markets. It covers various areas of financial markets such as derivatives markets, mutual funds, asset valuation, securities and more.
NISM certifications are meant for educating securities market participants and intermediaries. However, anyone who is interested in completing the certifications can complete the exam.
Candidates can apply for NISM certification in online mode through the official website.
No minimum qualification is required to register for NISM exams. However, a candidate must be above 18 years.
NISM is part of Securities and Exchange Board of India (SEBI)
The full form of NISM is the National Institute of Securities Markets.