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About NISM Certifications

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.

Click below to find out more about NISM examinations:

Sr. No NISM Exam Test Duration Fees (Rs) Maximum Marks No. of Questions Pass Mark (%) Negative Marks (%) Certificate Validity (in years) Register through Test Administrators Relevant Circulars/Notifications
1 NISM Series I: Currency Derivatives Certification Examination 2hrs 1250/- 100 100 60 25 3

 NISM


NSE


BSE


MCX-SX

 

 NISM Notification

SEBI Notification
2 NISM Series II A: Registrars and Transfer Agents (Corporate) Certification Examination 2hrs 1250/- 100 100 50 25 3

NISM Notification

SEBI Notification

3 NISM Series II B: Registrars and Transfer Agents (Mutual Fund) Certification Examination 2hrs 1250/- 100 100 50 25 3

NISM Notification

SEBI Notification

4 NISM Series-III-A: Securities Intermediaries Compliance (Non-Fund) Certification Examination 2hrs 1250/- 100 100 60 25 3 NISM Notification
5 NISM Series IV: Interest Rates Derivatives Certification Examination 2hrs 1250/- 100 100 60 25 3

NISM Notification

SEBI Notification
6 NISM Series V A: Mutual Fund Distributors Certification Examination 2hrs 1250/- 100 100 50 25 3

NISM Notification

SEBI Circular

SEBI Notification
7 NISM-Series­V-B: Mutual Fund Foundation Certification Examination 2hrs 1000/- 50 50 50 0 3 NISM Notification
8 NISM-Series-V-C: Mutual Fund Distributors (Level 2) Certification Examination 2hrs 1405/- 100 68 60 25 3 NISM Notification
9 NISM Series VI: Depository Operations Certification Examination 2hrs 1250/- 100 100 60 25 3 NISM Notification

SEBI Notification
10 NISM Series VII: Securities Operations and Risk Management Certification Examination 2hrs 1250/- 100 100 50 25 3

NISM Notification

SEBI Notification
11 NISM-Series-VIII: Equity Derivatives Certification Examination 2hrs 1250/- 100 100 60 25 3

NISM Notification

SEBI Notification
12 NISM Series-IX: Merchant Banking Certification Examination 2hrs 1405/- 100 100 60 25 3 NISM Notification
13 NISM-Series-XI: Equity Sales Certification Examination 2hrs 1405/- 100 100 50 25 3 NISM Notification
14 NISM Series-XII: Securities Markets Foundation Certification Examination 2hrs 1405/- 100 100 60 0 3 NISM Notification
15 Certified Personal Financial Advisor (CPFA) Examination 2hrs 4495/- 100 80 60 0 3

NISM

NSE

MCX-SX		 NISM Notification

Above examinations are mandatory(except CPFA Examination) as per the following regulation and notification: