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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.

 

Sr.
No

NISM Exam

Test Duration

Fees (Rs)

Maximum Marks

No. of Questions

Pass Mark (%)

Negative Marks (%)

Certificate Validity

(in years)

1

NISM Series I: Currency Derivatives Certification Examination

2hrs

1500/-

100

100

60

25

3

2

NISM Series II A: Registrars and Transfer Agents (Corporate) Certification Examination

2hrs

1500/-

100

100

50

25

3

3

NISM Series II B: Registrars and Transfer Agents (Mutual Fund) Certification Examination

2hrs

1500/-

100

100

50

25

3

4

NISM Series-III-A: Securities Intermediaries Compliance (Non-Fund) Certification Examination

2hrs

1500/-

100

100

60

25

3

5

NISM Series-III-B: Issuers Compliance Certification Examination+

2hrs

1770/-

100

100

60

25

3

6

NISM Series IV: Interest Rates Derivatives Certification Examination

2hrs

1500/-

100

100

60

25

3

7

NISM Series V A: Mutual Fund Distributors Certification Examination

2hrs

1500/-

100

100

50

3

8

NISM-Series­V-B: Mutual Fund Foundation Certification Examination

2hrs

1200/-

50

50

50

3

9

NISM-Series-V-C: Mutual Fund Distributors (Level 2) Certification Examination+

2hrs

1770/-

100

68

60

25

3

10

NISM Series VI: Depository Operations Certification Examination

2hrs

1500/-

100

100

60

25

3

11

NISM Series VII: Securities Operations and Risk Management Certification Examination

2hrs

1500/-

100

100

50

25

3

12

NISM-Series-VIII: Equity Derivatives Certification Examination

2hrs

1500/-

100

100

60

25

3

13

NISM Series-IX: Merchant Banking Certification Examination

2hrs

1500/-

100

100

60

25

3

14

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

2hrs

1500/-

100

100

60

25

3

15

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

2hrs

1500/-

100

68

60

25

3

16

NISM-Series-XI: Equity Sales Certification Examination+

2hrs

1770/-

100

100

50

25

3

17

NISM Series-XII: Securities Markets Foundation Certification Examination+

2hrs

1770/-

100

100

60

3

18

NISM Series-XIII: Common Derivatives Certification Examination

3hrs

3000/-

150

150

60

25

3

19

NISM Series-XIV: Internal Auditors for Stock Brokers Certification Examination+

2hrs

1770/-

100

100

60

25

3

20

NISM Series-XV: Research Analyst Certification Examination

2hrs

1500/-

100

100

60

25

3

21

NISM-Series-XVII: Retirement Adviser Certification Examination

2hrs

1500/-

100

100

60

25

3

22

IBBI-Limited Insolvency Examination

2hrs

1500/-

100

90

60

25

The certificate is valid for life time

* Online Payment Gateway Charges extra
+ indicates non-mandatory examinations

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