NISM Certification

NISM certification helps you build knowledge about different areas of the securities market. NISM conducts certification examinations for both securities market professionals and other interested candidates.

• NISM stands for National Institute of Securities Markets.
• It was established by the Securities and Exchange Board of India (SEBI) in 2006.
• Certification examinations cover areas such as merchant banking, investment advice, derivatives, and securities markets.
• Exam duration, fees, passing marks, negative marking, and certificate validity depend on the certification you choose.
• You can register for an examination through the NISM certification portal.
• An existing certificate can be revalidated by passing the relevant examination or completing the specified Continuing Professional Education (CPE) programme within the applicable period.
   

The National Institute of Securities Markets (NISM) is a public trust established by SEBI in 2006. A NISM certificate is awarded when you successfully pass the relevant NISM certification examination.
NISM conducts certification examinations covering areas such as merchant banking, investment advice, derivatives, and trading on equity. Different examinations have different durations, passing marks, fees, negative marking rules, and certificate validity periods.
NISM works towards improving knowledge, skills, and professional standards in the securities market. Certification requirements for associated persons are governed by the SEBI (Certification of Associated Persons in the Securities Markets) Regulations, 2007, as amended.
 

The two main aims are:

• To educate associated persons through mandatory certification examinations for specified roles in securities market intermediaries.

• To provide Continuing Professional Education (CPE) programmes for associated persons who hold relevant certificates.

  
  

These functions form part of NISM's responsibilities under the SEBI Certification of Associated Persons in the Securities Markets Regulations.

People from different educational and professional backgrounds can also take relevant NISM certification examinations to improve their understanding of securities markets.

NISM conducts several certification examinations for people working in or learning about the securities market. The requirements and purpose can differ depending on the examination.

For example, if you want to understand equity delivery, learning concepts such as the debt to equity ratio, earnings per share, and P/E ratio can help you understand how companies are analysed.

For each NISM examination, you can check details such as:

• Exam duration
• Examination fee
• Maximum marks
• Number of questions
• Passing marks
• Negative marking
• Certificate validity

These details differ across examinations and are listed by NISM.

If you already hold an applicable NISM certificate, you may revalidate it in either of these ways:

• Pass the relevant NISM certification examination before your existing certificate expires.
• Successfully complete the relevant CPE or eCPE programme specified by NISM during the 12 months before the certificate expires.

After successful revalidation, the certificate is generally extended for another 3 years, where applicable.

If you want to take a NISM certification examination, you can follow these steps:

1. Visit the official NISM certification portal and register as a candidate.
2. Enter the required personal and contact details to complete your registration.
3. Log in to the certification portal after successful registration.
4. Select the NISM certification examination you want to take.
5. Choose an available test centre, date, and time slot, and pay the applicable examination fee.
6. Follow the instructions provided by NISM for appearing for the examination.

After successful registration, NISM allows candidates to select the available test centre, examination date, and time slot for the chosen certification.

Some reasons for taking a NISM certification examination include:

1. NISM was established by SEBI and conducts certifications related to different areas of the securities market.
2. A relevant NISM certification can support your professional knowledge for securities-market-related roles.
3. The examinations can help you understand concepts related to stocks and other securities.
4. Examination fees depend on the certification you choose.
5. Different certification examinations are available depending on the subject or securities-market role you want to understand.

Current NISM examination details show that fees, assessment structures, passing marks, and other conditions vary between certifications.

NISM certification is awarded after you successfully pass a relevant examination conducted by the National Institute of Securities Markets, a public trust established by SEBI. NISM offers certifications covering different areas of the securities market.
You can choose a certification based on the subject or professional role relevant to you. Before registering, check the specific examination's fee, duration, passing marks, negative marking rules, and certificate validity. Existing certificates can also be revalidated through the relevant examination or specified CPE programme.