NISM

If you wish to join security markets, then it’s quite advisable that you must hold a NISM certificate. 

But, are you not sure what it is? Or Do you have insufficient information about the NISM full form or its details?

Whatever your queries are, we are here to resolve them!

So, let’s start quickly and understand its details by smoothly covering all the important parameters.

NISM Details

NISM stands for National Institute of Securities Markets. It holds a key place while making careers in the Financial sector by offering a plethora of certifications courses. 

Along with this, several free-of-cost quizzes are launched on the National, Zonal, and College levels after a while to spread awareness on the career opportunities in the securities market sector. 

Well, it is a public trust that was established in 2006 by India’s Top Security Board named SEBI (Securities and Exchange Board of India) with the motive to enhance the quality standards at various levels of the Securities Markets through capacity building activities- courses, workshops, seminars, etc. 

Progressively enormous, complex, dynamic, and complicated securities markets require profoundly talented and skilful market experts who can meet the desires of different partners. 

It offers impeccable programmes like Post Graduate courses, academic programmes, training programmes, and skill development programmes to create a professional environment in the securities markets. 

This development of this institute was the idea of former Union Finance Minister-Palaniappan Chidambaram with the purpose to train and teach intermediaries of the securities market along with the promotion of research.

National Institute of Securities Markets six schools of excellence work perfectly to improve the quality measure prevailing in the current financial market by giving them correct knowledge and further creating job opportunities for the same so that trained staff could be hired. 

Without a doubt, hiring a trained staff will bring professionalism to the securities markets. 

The School for Securities Education (SSE), through its extraordinarily situated full-time and low maintenance scholastic projects, makes new age market experts with upgraded abilities appropriate for different jobs in the business.

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Each school of excellence of the National Institute of Securities Markets has different stock market courses and works with a different motive. These six schools of excellence are listed as below-

1. School for Securities Education (SSE) 
2. School for Securities Information and Research (SSIR)
3. School for Certification of Intermediaries (SCI) 
4. School for Investor Education & Financial Literacy (SIEFL)
5. School for Regulatory Studies and Supervision (SRSS)
6. School for Corporate Governance (SCG)

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The Institute is located at a picturesque location at Patalganga (near Patna-Mumbai Highway) with state-of-the-art infrastructure. 

This seventy-two-acre campus provides a number of courses for the students and faculty working in the Securities Market sector. 

The campus is well-known for its infrastructural design, well-equipped classrooms, decent seminar hall with an amphitheater, and enabled WiFi. 

Apart from this, it is involved in developing excellence in the regular practices among financial market dealers in India as well as across the globe.

This is achieved by offering them extensive training programs that can keep them one step ahead of the securities market. 

All these activities, programmes, and training sessions are conducted as per the criteria laid out by SEBI. 

Now, let’s talk about the courses comprehensively! 

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NISM Courses

From the above section, you might have an idea that there is a wide range of NISM courses that a financial dealer or a student can opt for. 

Surprisingly, it offers full-time courses for Postgraduates students and a few courses for the short-term too. Along with this, several training programmes and faculty development programmes are also provided by the institute. 

There are six schools of excellence that tend to bring professionalizing in the securities markets.

 

So, these are the six schools or pillars of excellence of the National Institute of Stock Market, which is monitored and regulated by SEBI. 

The programmes and courses mentioned in these six schools of excellence cover the major aspects and concepts related to the securities markets such as equity, MCX, commodity, currency, IPO (Initial Public Offering), NCDEX, PMS or Portfolio Management Services, Derivatives including Futures and Options, NSE, BSE, and a lot more! 

Now, you must be thinking that what are the NISM certification courses and what are the eligibility requirements for the same? 

Well, without any delay, let’s find the answers! 

Some of the Full-Time Courses available at NISM are given as below

 

Besides this, there are some other certificate courses and training programmes for the financial dealers or students willing to join the securities market.

Let’s have a quick look at the NISM certification courses!

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NISM Certification Courses

There are a plethora of NISM Certification courses for the associated persons working in the financial service sector of India. Some of these certification courses are-

1. Certification courses
2. CPE/eCPE
3. Joint certification
4. Accredited certifications

Now, let us briefly discuss them one by one. 

CPE Courses

NISM CPE or eCPE courses are usually of two different kinds. It performs two different functions assigned under the Securities and Exchange Board of India(SEBI) Certification of Associated Persons in Securities Market (CAPSM) Regulations, 2017.

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Under this regulation, the main functions are listed as below-

1. To provide compulsory certification examinations for the Associated Persons such as sub-brokers, mutual fund distributors, advisors, etc., working as an agent in the securities markets.
2. To provide programs like Continuing Professional Education (CPE) for the Associated Persons working as an intermediary in the securities market.

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It is also important to note that before the expiration of this National Institute of Securities Markets Certification course, an Associated or Authorised Person must undergo the relevant NISM certification examination 12 months after the date of expiry.

Further, the certificate will be valid till 3 years from the previous expiry date of the course. 

Some of the NISM Certification courses under the CPE and eCPE are given underneath:

• NISM Series-I: Currency Derivatives
• NISM Series-II-A: RTA- Corporate
• NISM Series-II-B: RTA – Mutual Funds
• NISM Series-III-A: Securities Intermediaries Compliance (Non-Fund)
• NISM Series-IV: Interest Rate Derivatives
• NISM Series-V-A: Mutual Fund Distributors (Also available in Electronic mode)
• NISM Series-V-B: Mutual Fund Foundation
• NISM Series-VI: Depository Operations
• NISM Series-VII: Securities Operations and Risk Management
• NISM Series-VIII: Equity Derivatives (Also available in Electronic mode)
• NISM Series-IX: Merchant Banking
• NISM Series-X-A: Investment Advisor (Level 1)
• NISM Series-X-B: Investment Advisor (Level 2) 
• NISM Series XIII: Common Derivatives CPE
• NISM Series XV: Research Analyst CPE
• NISM Series XVII: Retirement Adviser CPE

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Joint Certification

Joint Certification program- Certificate in Derivatives Market Strategies (CDMS) is jointly offered by the firm and Moody’s Analytics. 

This is a globally recognized certificate course that aims to develop the understanding and skills expected to enter the derivatives market and efficiently progress in different roles that employ derivatives- futures, options, swap, and forwards.

This NISM joint certification consists of 6 different modules on the derivatives only and the cost of this exam is nearly Rs. 22,000 + taxes. 

Please note that this amount is inclusive of the examination attempt charges.

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Accredited Certifications

Apart from the joint and regular courses, there are several accredited certifications for the investment advisors that are internationally recognized, and some of these certification programs are given underneath-

 

 

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NISM Certification Benefits

Undoubtedly, there are multiple benefits related to the NISM Certification which is why more than 26000 people have visited their website. 

Some of the NISM Certification Benefits are given below-

• Each examination is monitored and managed by the Top Security Board of India named SEBI or Securities and Exchange Board of India. 
• The Examinations available on the website adds an extra value to your portfolio or resume and gives you more chances of selection while appearing for an interview.
• Another certification benefit is that these examinations are nationally as well as worldwide recognized. 
• Passing an examination gives a license to the applicant to set up a business in the securities market.
• If you wish to become an intermediary in the Securities Markets of India like Sub Broker, Associated Person, Advisory, etc., then having a NISM certification is compulsory.
• The certification examination is available in more than 150 cities of India, so you can easily pick up the nearest test center. 
• Additionally, these certification tests are 100% online-based. Hence, you won’t be required a pen and paper rather, an exam center will have multiple computers to conduct your test. 
• In addition to the above NISM certification benefits, the fee for courses is pretty affordable and pocket friendly.

Apart from above stated Certification benefits, there are a few other advantages too such as accredited and joint courses are available, examinations administered by Top Financial bodies like NSE, CSE, MSEI, and NSIM, accurate examinations based on the real situation of the securities market, and a lot more can be added in this list.

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NISM Mutual Funds

Out of these courses and certification programmes, NISM Mutual funds certification programs are highly popular. 

No doubt that in the current time, mutual fund distributors hold an important role in the financial segment, and their demand in the market has risen their quality standards over time. 

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Some of the NISM Mutual funds certification courses that can add charm to your portfolio are listed as below-

• NISM Series V A: Mutual Fund Distributors Certification Examination 
• NISM-Series­V-B: Mutual Fund Foundation Certification Examination
• NISM-Series-V-C: Mutual Fund Distributors (Level 2) Certification Examination

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These NISM certifications are managed and monitored by the highest Security Board of India named SEBI or Securities and Exchange Board of India. 

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NISM Library

If you are a full-time student residing at the NISM campus, then a list of required books must be handed over to you. You can either get these books online, from a local shop, or from the NISM library.

National Institute of Securities Markets has well known around the globe for its best library foundation offices on the grounds. These grounds have widened to more than 20,000 (Twenty thousand) sq. ft. territory. 

NISM library is a particular library, solely centered around the securities market and related concepts.

The library comprises an assortment of over 9400+ books, along with diaries, information bases, periodicals, and films, and the collection is truly expanding day by day.

Despite the fact that the library has been developed principally to take into account the requirements of the securities markets area, it is exceptional in subjects like financial aspects, money, banking, measurements, business, financial risk management, investment and trading, quantitative techniques, and so on.

The library has bought in 7 online information bases, for example, Bloomberg, Prowess, Indiastat, EBSCO, EBSCO Ebooks, Science Direct, J-entryway. 

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NISM Books

NISM Books for each full-time program or for short duration courses along with training programmes can be easily collected from their library or via online method. 

Most books are easily available in their library, and a few PDFs are even available online to teach and train students related to the financial sector.

Some of the NISM online available books are:

1. Dalal Street Investment Journal’s Derivatives Book 
2. Research Analyst by NISM
3. Equity Derivatives by NISM
4. Currency Derivatives by NISM
5. Investment Adviser Level 1 by NISM, Taxmann Publications
6. Securities Markets Foundation 
7. Depository Operations
8. Mutual Fund Distributors (V-A), and a lot more! 

If you wish to purchase a hard copy or soft copy of the NISM books, then you connect with Taxmann Publications Private Ltd. They are available online via a website and are located at 35, Bodke Building, Ground Floor, MG Road, Opp. Mulund Railway Station, Mulund (W), Mumbai. 

If you want to order books through them, you can contact them at the numbers given below-

Call: +91-022-25934806/07/09

Mobile: 09322247686, 9619668669

Besides these, you can even get PDFs of these books online on some relevant NISM preparation sites.

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NISM Exam

The National Institute of Securities Markets Exam is designed according to the needs and career requirements of the applicants who are interested in the Securities Markets. 

The exams are conducted across 150+ cities of India with approachable help and support facilities. These tests are not conducted in physical form. 

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Let’s have a sneak-peak at some of the features of NISM Exams-

• Add an extra cherry to our portfolio or resume
• Online examination schedule
• 100% Online examinations
• Nationwide more than 150 test centers
• License to run a business in securities markets
• Several Payment Gateways
• Quick Helpdesk and support
• Affordable fees

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NISM test is conducted to evaluate a person’s knowledge and understanding of various concepts related to the Stock Market, such as: 

• Derivatives (Currency Derivatives, Commodity Derivatives Certification Examination, Equity Derivatives, Interest Rate Derivatives, and Common Derivatives Certification Examination)
• RTA’s (Registrar and Transfer Agent) (RTA – Corporate and RTA – Mutual Fund)
• Compliance {Securities Intermediaries Compliance (Non-fund) and Issuers compliance}
• Merchant Banking (Merchant Banking)
• Mutual Funds (Mutual Fund Distributors, Mutual Fund Foundation, and Mutual Fund Distributors (Level 2)
• Operations (Depository Operations, and Securities Operations and Risk Management)
• Equity (Equity Sales) 
• Basics of Securities Markets (Securities Markets Foundation)
• Investor Advisor (Level 1 and Level 2)
• Research Analyst (Research Analyst Certification Examination), and a lot more! 

Each exam is paid, and a certain passing range is defined for scoring passing-out marks. 

Some of the NISM exams or examination programs are listed as below, along with the duration of the exam, the validity of the certificate (in years), the total number of questions to be asked in the examination, passing marks, and the negative score against each question:

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NISM Series I: Currency Derivatives Certification Examination
NISM Series II A: Registrars and Transfer Agents (Corporate) Certification Examination
NISM Series II B: Registrars and Transfer Agents (Mutual Fund) Certification Examination
NISM Series III-A: Securities Intermediaries Compliance (Non-Fund) Certification Examination
NISM Series-III-B: Issuers Compliance Certification Examination
NISM Series IV: Interest Rates Derivatives Certification Examination, and many more.

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Out of these certification examinations, only a few of them are non-mandatory. 

As you can see from the above table, each examination has a different duration, validity, and scoring marks. Presently, these Exams are conducted through different Test Administrators specially appointed by the National Institute of Securities Markets in more than 100 cities of India. 

Further, NISM Exams are administered by the following leading bodies in the securities markets-

1. NSE (National Stock Exchange)
2. NISM (National Institute of Securities Markets)
3. MSEI (Metropolitan Stock Exchange)
4. CSE (Calcutta Stock Exchange)

Now, let’s talk about the fee structure of each National Institute of Securities Markets examination.

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NISM Exam Fees

This is certain that in order to appear for an examination like NISM, which is nationally and internationally recognized, it is important to pay a certain amount to the organization. 

Similarly, to appear for these 25 examinations, which are monitored and managed by SEBI, NISM exam fees are applied to each. The amount varies from an examination to another. Also, the amount is paid in advance before seating in the exam center and is completely non-refundable in nature.

Usually, NISM exam fees are quite affordable and reasonable. Generally, it ranges between Rs. 1500 to Rs. 1700, which is pretty low. 

Besides this, only one course or NISM Examination is higher, which costs around Rs. 3000. To know more, let’s have a look at the below table-

 

So, here is a look at the different amounts for the examinations. You can easily spot the amount for your desired NISM Examination. The fees are paid online while proceeding with the registration process.

Also, you might be interested in one or more exams, then you can easily proceed with both. (only if the test dates are different)

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NISM Registration

Now, if you are keen to apply for the NISM examinations, then you will be required to register with them via online method. 

However, before proceeding with the NISM Registration process, you must be well aware of the certification requirements and their benefits related to your desired career path.

Please note that while registering in CPE or eCPE, you should avoid Google Chrome and use Internet Explorer version 6.0 or 9.0.

Before proceeding with the NISM Registration keep the following documents handy-

1. Scanned copy of a PAN card- in JPEG or JPG Format 
2. Scanned copy of a valid Address Proof – in JPEG or JPG Format 
3. Scanned copies of Educational qualifications – in JPEG or JPG Format 
4. Scanned copy of Employment details- in JPEG or JPG Format 
5. Finally, a scanned copy of your recent photograph in JPEG or JPG Format 

The above documents must be in JPEG or JPG format, and the size should be below 1 MB.

Now, if you wish to apply for a NISM Examination, then you will be required to follow the below steps-

1. Click here and you will be directly navigated to the NISM Registration page. 
2. Now, click on the “How to register and enroll online?” link below the New Account button.
3. Once you click on the link, a new page will appear before you, where you will be required to enter your details such as full name, complete address, education qualifications, date of birth, gender, father’s name, mother’s name, professional qualification, and much more in the given spaces.
4. After you have submitted your details, you must tick the self-certification line and finally click on the “Submit” button after re-validating your details. 
5. Now, an activation link will be sent to your email address.
6. Find the NISM message in your email and click on the desired link. After clicking the link, the NISM registration number will be generated that can be used for the login process as well as to communicate with the team regarding any query.

Once you have successfully completed this process and have received the NISM Registration number you can enroll for any exam as per your requirement by following the login process. 

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NISM Login

Have you completed the registration process? Then, it’s time to proceed with the login process of the National Institute of Securities Markets and enroll for your desired examination. 

Simply follow the below Login steps and quickly get certified-

1. Navigate to the same web page used during the above registration process. 
2. Enter your registered email address and your password in the given spaces and tap on the “Submit” button.
3. A message of successful registration along with a candidate profile will be displayed before the screen.
4. Now, click on the “enrolment for certification” button on the middle left side of the screen. 
5. From a list of various NISM examinations, choose the desired one.
6. Now, it’s time to select the nearest Test Center. Choose the city and nearest test center to check the set availability of the same. 
7. Further, on a new screen, a list of various dates available in your city and test center will be displayed before you. YOu can choose the date as per the availability of the seat. 
8. Next, you will be required to select the desired and available time slot and enroll for the Examination.
9. A new window will give a preview of your examination- the name of the examination, test center name, address, enrollment city center, date of examination, time slot, and fees. 
10. After verifying these details, you will be required to pay the Examination fees via an online payment method.
11. Choose the desired payment gateway- Net Banking, Credit Card, or debit card and fill in the card details, and select the “Pay Now” button. A confirmation of the same will be sent to your Email address and via SMS on your registered mobile number.
12. Once you have selected the examination, click on the “my enrollments” tab (reflecting on the same side) and download your admit card.

Please note that while appearing in the Test Center, a candidate must carry the following documents in the original format-

• Pan Card
• Adhaar card
• Passport
• Driving License

In case a candidate does not carry these documents or miss one out, he or she will not be allowed to appear for this certification examination.

Similar procedures can be applied for the CPE or eCPE examination. However, the following original format documents will be necessarily required while appearing at the test center-

• Normal Category- Copy of PAN card, Copy of valid certificate, and a current photograph of passport size 
• Grandfather by Age Category- Copy of a valid PAN card, one recent passport size colored photograph 
• Principal Category- Copy of PAN card, Proof of Designation, Copy of valid Registration Certificate of the Intermediary and a current passport size colored photograph 
• Grandfather by Experience Category- Proof of professional experience, one copy of Registration certificate of the intermediary (in which applicant is currently working) with SEBI or other prominent exchange

After a candidate has successfully enrolled for an Examination, an online study material link will be shared with him or her on the NISM Examination Portal within 24 hours of enrolling. 

In case a candidate wishes to avail Hard copy of the study material, then on paying a fee of Rs. 250 (Rupees Two thousand and fifty only) a book will be delivered to him. 

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NISM Mock Test

NISM Mock Test helps a candidate to evaluate himself and improve his performance. Each Examination had a set of mock tests to help students to understand the examination pattern and kind of questions one can get while appearing for the Examination. 

Once you have enrolled for an examination, you can find a plethora of mock tests on the Certification Portal of National Institute of Securities Markets. You can choose the desired one and can go through the sample questions based on your selected examination. 

By clicking on this link, you can quickly go through the Mock Tests or Practice examinations completely without any payment. 

The main feature of each Mock Test is that it is completely free of cost and is highly accurate in understanding the chosen examination. 

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 NISM Customer Care

Now, a major question arises like If you ever stuck somewhere during the registration or login process then with whom will you connect? What will you do if you have any query related to NISM Examination?  

Upsetting, right?

Don’t worry! Customer care will help you in solving all your queries related to examinations, registration, and login process, etc. Even if you face any technical issue on their website, you can connect with their help desk and support.

The customer care details can be difficult to find, but we got you covered! 

NISM Certification Helpdesk complete details are shared as below-

 

Besides this, if you wish to connect with its Certification Examination department, then you can refer the below details:

 

In case you do not want an online link to the resources or books for your NISM Examination, you might know that by paying Rs. 250 only you can get a hard copy of the book. 

The book will be dispatched at your given address, and if it’s delayed or you have any query related to the same, you can connect with the National Institute of Securities Markets through these two ways-

• Email
• Phone

 

But, if you do not want online assistance then what? Read the below section that will cover answers to the same.

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NISM Address

If you are interested in joining the full-service programmes of the National Institute of Securities Markets, training courses, or even short duration certification programs in Securities Markets, then you will be required to visit their campus.

If you reside near Pune or Mumbai, then the campus will be pretty near to you. However, if you live in other parts of the country or even living abroad, then the place is definitely far and without the right address, you won’t be able to locate this campus. 

The correct campus address is shared as below-

 

In case of any inquiry or doubt clearance, you can connect with the firm at their New campus address, which is given as below-

 

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Closing Thoughts

National Institute of Securities Markets and was inaugurated by the Honorable Prime Minister of India in 2006. 

This institute was set-up with the motive to bring quality standards n the Securities Markets and to achieve the same India’s Top security board named SEBI or Securities and Exchange Board of India is managing and monitoring this campus situated at Patalganga. 

The campus full-service programs along with short- duration courses and a few training programmes too for its students residing at this campus.

They offer a few certification courses too that can improve your portfolio or resume. 

Over 6 schools of excellence are working under this campus that offers two to one-year courses in the Financial markets. 

A total of 25 certification examinations are offered by the National Institute of Securities Markets which one can easily enroll through their online process. The fees for these certifications are pretty affordable and these certificates are nationally and worldwide recognized. 

If you wish to be an intermediary such as a sub-broker, advisory, etc. you will be required to have a certification of National Institute of Securities Markets.

The center of these certification examinations is available in more than 150 cities of India and these exams are 100% online-based. 

Registration for these examinations is a pretty simple and important step to achieve the same has been shared above. We recommend you to keep your valid PAN card, Adhaar card, Passport size photographs, and identity proof handy while proceeding with the registration process.

Later to enroll in an examination,  you can carry the procedures in the login process by selecting the chosen category. 

Once the fee for the exam is paid and the test center is selected, you can print out the Admit card. We recommend you to reach 30 minutes prior to the test date at the examination center.

Required books can be available online and through their enriched library. You can also order books online or if you desire to have a hard copy of the book, you can contact Taxmann Publications Private Ltd.

In case of any query or doubts in the registration process, you can contact them at the numbers and address shared above. 

Willing to register for NISM? Please refer to the form below