All you need to know about NISM Certification Exam

 NISM Certification Exam

NISM is a trust established by the SEBI, the regulatory body of capital markets in 2006. The NISM Full Form is the National Institute of Securities Market. The Institute under the SEBI regulations offers mandatory certificate examinations to the market intermediaries. Along with that, it also offers training programs for the existing intermediaries to enhance their knowledge about the markets.  

These exams can be taken by people involved in the distribution or sale of securities to investors like employees of companies, individual agents, salesperson of the companies, etc. As per SEBI requirements, appearing for the NISM exam is mandatory depending upon the field or area of finance in which the applicant will be working.

NISM Certification Courses

Following is the list of some popular certifications that are available in NISM:

NISM Series I: Currency Derivatives

NISM Series V A: Mutual Fund Distributors

NISM-Series-X-A: Investment Advisor (Level 1) 

NISM-Series-X-B: Investment Advisor (Level 2) 

NISM-Series-XI: Equity Sales 

NISM Series-XV: Research Analyst 

NISM-Series-XVI: Commodity Derivatives 

NISM Certification Exam Pattern 

The exam pattern for NISM certifications is different depending upon the certification exam for which the applicant is willing to appear. In most cases, the applicants can pass the exam with minimum 50 or 60% passing marks. To understand more about the Exam Pattern, let;s just have a look at the pattern of the NISM VA Mutual Fund Distributor Certification Examination:

100 MCQ Questions will be there in the exam

4 options will be given for every question

There will be no negative marking for incorrect answer and 1 mark each for a correct answer

Exam time is 2 hours

Candidates can pass the exam by scoring 50% to pass the exam

The validity for most NISM exams is for 3 years, after which you will need to retake the exam or apply for renewal of the certification through training, if available. 

NISM Certification Fees

The certification fees for NISM Exams vary across exams depending upon which you are applying for. The fees for the NISM certification examinations is generally in the range of Rs.1,200 to Rs.3,000.

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