What is NISM?
● NISM is the National Institute of Securities Markets. It’s an Indian institution that offers
certifications and training programs for professionals working in the securities markets.
Establishment:
● NISM was founded in 2006 by the Securities and Exchange Board of India (SEBI), the
regulatory body for securities markets in India.
NISM Function
1. Mandate: Its primary mandate is to enhance the quality of securities markets through
education, research, and certifications.
2. Objectives: NISM aims to promote investor education, conduct financial literacy
programs, develop curriculum for various market-related certifications, and provide
training for market participants.
3. Certifications: It offers various certifications such as NISM Series I to VIII covering
different aspects of securities markets including mutual funds, equity derivatives,
currency derivatives, and more.
4. Courses and Programs: NISM provides various courses and programs tailored for
different market participants including investors, intermediaries, and professionals.
5. Research and Publications: NISM engages in research activities related to securities
markets and publishes reports, journals, and papers to contribute to the understanding
and development of the market ecosystem.
6. Regulatory Support: NISM works closely with SEBI and other regulatory bodies to
ensure that market participants adhere to regulations and standards set for the securities
markets.
7. Collaborations: Over the years, NISM has established collaborations with various
domestic and international organizations to foster knowledge exchange and promote
best practices in securities markets.
8. Expansion: Since its inception, NISM has expanded its reach and influence within the
Indian financial ecosystem, playing a vital role in shaping the future of the securities
markets in the country.
NISM Location
● NISM has its main campus located in Navi Mumbai, Maharashtra, India. Additionally, it
has regional offices in various cities across India to cater tothe needs of students and
professionals seeking certification and training in securities markets.
NISM Certificate Fees and Validation
● Nism certificate fees vary between 1500 and 3000 and certificates are validated for 3
years, which are mentioned below.
NISM Various Certificate
● NISM (National Institute of Securities Markets) conducts various certification exams
related to the securities market in India.
Here’s a list of some of their exams:
● NISM Series I: Currency Derivatives Certification Examination (NISM-Series-I: CD)
Fees – 1500 Validity – 3 Year
● NISM Series II A: Registrars and Transfer Agents Certification Examination
(NISM-Series-II A: RTA)
Fees- 1500 Validity – 3 Year
● NISM Series II B: Registrar to an Issue and Share Transfer Agents – Corporate
Certification
Examination (NISM-Series-II B: RTI)
Fees – 1500 Validity – 3 Year
● NISM Series III A: Securities Intermediaries Compliance (Non-Fund) Certification
Examination (NISM-Series-III A: SIC-N)
Fees – 1500 Validity – 3 Year
● NISM Series IV: Interest Rate Derivatives Certification Nism Examination
(NISM-Series-IV: IRD)
Fees – 1500 Validity – 3 Year
● NISM Series V A: Mutual Fund Distributors Certification Examination (NISM-Series-V A:
MFD)
Fees – 1500 Validity – 3 Year
● NISM Series V B: Mutual Fund Foundation Certification Examination (NISM-Series-V B:
MF F)
Fees – 1200 Validity – 3 Year
● NISM Series VI: Depository Operations Certification Nism Examination (NISM-Series-VI:
Depository Operations)
Fees – 1500 Validity – 3 Year
● NISM Series VII: Securities Operations & Risk Management Certification Examination
(NISM-Series-VII: SORM)
Fees – 1500 Validity – 3 Year
● NISM Series VIII: Equity Derivatives Certification Nism Examination (NISM-Series-VIII:
ED)
Fees – 1500 Validity – 3 Year
● NISM Series X A: Investment Adviser (Level 1) Certification Examination
(NISM-Series-X A: IA Level 1)
Fees – 3000 Validity – 3 Year
● NISM Series X B: Investment Adviser (Level 2) Certification Examination
(NISM-Series-X B: IA Level 2)
Fees – 3000 Validity – 3 Year
● NISM Series XII: Securities Markets Foundation Certification Examination
(NISM-Series-XII: SMF)
Fees – 1770 Validity – 3 Year
● NISM Series XV: Research Analyst Certification Examination (NISM-Series-XV: RA)
Fees – 1500 Validity – 3 Year
● NISM Series XVI: Market Risk Management Certification Examination
(NISM-Series-XVI: MRM)
Fees – 1500 Validity – 3 Year
● NISM Series XVII: Retirement Adviser Certification Examination (NISM-Series-XVII: RA)
Fees -1500 Validity – 3 Year
● NISM Series XXI A: Portfolio Management Service Distribution Certificate Examination
(NISM-Series-XXI-A: PMS)
Fees -1500 Validity – 3 Year
● NISM SERIES XXI B: Portfolio Management Certificate Examination
(NISM-Series-XXI-B: PM)
Fees – 3000 Validity – 3 Year
These exams cover various aspects of the securities market, including derivatives, mutual
funds, compliance, risk management, and more.
How I Registered for the NISM Certificate Exam
Step 1 – Navigate to the Official NISM Website:Start your journey by visiting NISM’s official
website.
Step 2 – Select Your Certification: Browse through the various certification options available
and choose the one aligning with your career aspirations.
Step 3 – Registration and Payment: Sign up on the website, furnish your particulars, and
complete the payment for the examination fees.
Step 4 – Verify Eligibility: Double-check that you meet the prerequisites for your desired
certification. Typically, there are minimal age and educational requirements.
Step 5 – Access Study Resources: Utilize the comprehensive study materials provided by
NISM to enhance your preparation.
Step 6 – Examination Day: On the scheduled exam day, present yourself at the designated
testing center with valid identification like Pan card and Aadhar card etc.
Note – that most NISM certifications remain valid for three years. Following this period, consider
reappearing for the exam to stay abreast of updates in the field.
How Much Nism Certificate Worthy.
Obtaining a NISM (National Institute of Securities Markets) certificate can boost your job
prospects in the financial industry in several ways:
1. Industry Recognition: NISM certificates are widely recognized and respected in the
financial sector, demonstrating your commitment and knowledge in specific areas such
as securities markets, mutual funds, derivatives, etc.
2. Specialized Skills: Each NISM certification focuses on a specific area of finance,
providing you with specialized knowledge and skills that are highly valued by employers.
3. Competitive Advantage: Holding NISM certifications sets you apart from other job
candidates, making you more competitive in the job market.
4. Regulatory Compliance: Many roles in the financial industry require employees to have
knowledge of regulatory frameworks. NISM certifications ensure you have a solid
understanding of relevant regulations, enhancing your employability.
5. Career Advancement: Employers often prefer candidates with professional
certifications for promotions and career advancement opportunities within the
organization.
6. Networking Opportunities: While pursuing NISM certifications, you may have the
chance to network with industry professionals, which can lead to job opportunities or
valuable connections in the field.
7. Continued Learning: NISM certifications require ongoing education and renewal,
showing employers your commitment to continuous learning and professional
development.
Conclusion
In concluding a NISM (National Institute of Securities Markets) certificate, summarize the key
points covered in your analysis or study, reiterate the significance of the topic, and suggest any
further areas of research or action. For example: “In conclusion, the NISM certificate has
provided a comprehensive understanding of securities markets, including regulations, products,
and risk management strategies. Obtaining this certification equips individuals with the
necessary knowledge and skills to navigate the complexities of financial markets effectively.
Moving forward, continued learning and staying updated with industry trends are crucial for
success in this dynamic field.”
Disclaimer – This information is taken from the NISM official website. Kindly visit the NISM
official website for the latest information.