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/-||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||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|
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.