I propose to authorize the Securities and Exchange Board of India (SEBI) to set up a National Institute of Securities Markets for teaching and training intermediaries in securities markets and promoting research

-Hon’ble Union Finance Minister

Budget Speech 2005-06


The National Institute of Securities Markets (NISM) is a public trust established in 2006 by the Securities and Exchange Board of India (SEBI), the regulator of the securities markets in India. The institute carries out a wide range of capacity building activities at various levels aimed at enhancing the quality standards of and increase the participation in the securities markets. The institute’s six schools of excellence and the National Center for Financial Education works in synergy towards professionalized securities markets.

The Six Schools of Excellence:

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

The National Strategy of Financial Education is being incubated at NISM through the ‘National Center for Financial Education (NCFE)


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