8/25/2019 NISM Certifications

NISM Certi cation Examinations

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The School for Certification of Intermediaries (SCI) at NISM is engaged in developing certification examinations for professionals employed in
various segments of the Indian securities markets. These examinations are being developed by NISM as mandated under SEBI (Certification of
Associated Persons in the Securities Markets) Regulation, 2007.

Certificate
Sr. Test Fees Maximum No. of Pass Mark Negative Validity
NISM Exam
No Duration (Rs) Marks Questions (%) Marks (%)
(in years)

NISM Series I: Currency Derivatives

Certification Examination
1 2hrs 1500/- 100 100 60 25 3
(/certification/index.php/nism-
certifications/currency/currency-derivatives)

NISM Series II A: Registrars and Transfer

Agents (Corporate) Certification Examination
2 (/certification/index.php/nism- 2hrs 1500/- 100 100 50 25 3
certifications/registrar-transfer-agents/rta-
corporate)

NISM Series II B: Registrars and Transfer

Agents (Mutual Fund) Certification Examination
3 (/certification/index.php/nism- 2hrs 1500/- 100 100 50 25 3
certifications/registrar-transfer-agents/rta-
mutual-fund)

NISM Series-III-A: Securities Intermediaries

Compliance (Non-Fund) Certification
4 Examination (/certification/index.php/nism- 2hrs 1500/- 100 100 60 25 3
certifications/compliance/securities-
intermediaries-compliance-non-fund)

NISM Series-III-B: Issuers Compliance

Certification Examination
5 2hrs 1770/- 100 100 60 25 3
(/certification/index.php/nism-
certifications/compliance/issuers-compliance)+

NISM Series IV: Interest Rates Derivatives

Certification Examination
6 2hrs 1500/- 100 100 60 25 3
(/certification/index.php/nism-certifications?
layout=edit&id=122)

NISM Series V A: Mutual Fund Distributors

Certification Examination
7 (/certification/index.php/nism- 2hrs 1500/- 100 100 50 - 3
certifications/mutual-fund/mutual-fund-
distributors)

NISM-SeriesV-B: Mutual Fund Foundation

Certification Examination
8 (/certification/index.php/nism- 2hrs 1200/- 50 50 50 - 3
certifications/mutual-fund/mutual-fund-
foundation)

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 8/25/2019 NISM Certifications
Certificate
Sr. Test Fees Maximum No. of Pass Mark Negative Validity
NISM Exam
No Duration (Rs) Marks Questions (%) Marks (%)
(in years)

NISM-Series-V-C: Mutual Fund Distributors

(Level 2) Certification Examination
9 (/certification/index.php/nism- 2hrs 1770/- 100 68 60 25 3
certifications/mutual-fund/mutual-fund-
distributors-level-2)+

NISM Series VI: Depository Operations

Certification Examination
10 2hrs 1500/- 100 100 60 25 3
(/certification/index.php/nism-
certifications/operations/depository-operations)

NISM Series VII: Securities Operations and

Risk Management Certification Examination
11 (/certification/index.php/nism- 2hrs 1500/- 100 100 50 25 3
certifications/operations/securities-operations-
and-risk-management)

NISM-Series-VIII: Equity Derivatives

Certification Examination
12 2hrs 1500/- 100 100 60 25 3
(/certification/index.php/nism-certifications?
layout=edit&id=129)

NISM Series-IX: Merchant Banking Certification

Examination (/certification/index.php/nism-
13 2hrs 1500/- 100 100 60 25 3
certifications/merchant-banking/merchant-
banking)

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

Certification Examination
14 (/certification/index.php/nism- 2hrs 1500/- 100 100 60 25 3
certifications/investment-adviser/investment-
adviser-level-1)

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

Certification Examination
15 (/certification/index.php/nism- 2hrs 1500/- 100 68 60 25 3
certifications/investment-adviser/investment-
advisors-level-2)

NISM-Series-XI: Equity Sales Certification

16 Examination (/certification/index.php/nism- 2hrs 1770/- 100 100 50 25 3
certifications/equity/equity-sales)+

NISM Series-XII: Securities Markets

Foundation Certification Examination
17 (/certification/index.php/nism- 2hrs 1770/- 100 100 60 - 3
certifications/basics-of-securities-
markets/securities-markets-foundation)+

NISM Series-XIII: Common Derivatives

Certification Examination
18 3hrs 3000/- 150 150 60 25 3
(/certification/index.php/nism-certifications?
layout=edit&id=307)

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 8/25/2019 NISM Certifications
Certificate
Sr. Test Fees Maximum No. of Pass Mark Negative Validity
NISM Exam
No Duration (Rs) Marks Questions (%) Marks (%)
(in years)

NISM Series-XIV: Internal Auditors for Stock

Brokers Certification Examination
(/certification/index.php/nism-
certifications/stock-brokers-certification-
19 2hrs 1770/- 100 100 60 25 3
examination)+
(/certification/index.php/nism-
certifications/stock-brokers-certification-
examination)

NISM Series-XV: Research Analyst

Certification Examination
20 (/certification/index.php/nism- 2hrs 1500/- 100 100 60 25 3
certifications/research-analyst-m/research-
analyst-certification-examination)

NISM-Series-XVII: Retirement Adviser

Certification Examination
21 (/certification/index.php/nism- 2hrs 1500/- 100 100 60 25 3
certifications/retirement-adviser-rac/retirement-
adviser-certification-examination-rac)

NISM-Series-XVIII: Financial Education

Certification Examination
22 (/certification/index.php/nism- 2hrs 1416/- 50 50 50 - 3
certifications/financial-education/financial-
education-certification-examination)+

IBBI- Valuation Examination in the Asset Class:

23 Land and Building 2hrs 1500/- 100 96 60 25 -
(https://www.ibbi.gov.in/examination/viewlist/8)

IBBI- Valuation Examination in the Asset Class:

24 Plant and Machinery 2hrs 1500/- 100 96 60 25 -
(https://www.ibbi.gov.in/examination/viewlist/9)

IBBI- Valuation Examination in the Asset Class:

25 Securities or Financial Assets 2hrs 1500/- 100 92 60 25 -
(https://www.ibbi.gov.in/examination/viewlist/10)

* Online Payment Gateway Charges extra

+ indicates non-mandatory examinations

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