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NISM Full Form - Certification, Benefits, Pattern

NISM Full Form - Certification, Benefits, Pattern

Edited By Sansar Singh Chhikara | Updated on Sep 29, 2023 03:30 PM IST

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)

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.

NISM Certifications

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

What are the benefits of NISM certification?

  • 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.

NISM Certification Test Pattern and other highlights

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 Question (FAQs)

1. What is the full form of NISM?

The full form of NISM is the National Institute of Securities Markets.

2. NISM if a part of which financial body?

NISM is part of Securities and Exchange Board of India (SEBI)

3. What is the mode of application for NISM certification?

Candidates can apply for NISM certification in online mode through the official website.

4. Who are eligible for NISM exam?

No minimum qualification is required to register for NISM exams. However, a candidate must be above 18 years. 

5. What is NISM exam used for?

NISM certifications are meant for educating securities market participants and intermediaries. However, anyone who is interested in completing the certifications can complete the exam.

6. Is NISM a good career?

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.

7. What is NISM exam fees?

The NISM exam fees varies between Rs.1500 to around Rs. 6000 for different certifications.

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