Welcome to your ultimate NISM exam preparation resource! 

The National Institute of Securities Markets, NISM in short, was established by SEBI in 2006 with the primary objective of offering courses to improve the expertise of individuals participating in the securities market. Today, NISM offers myriad courses to build capacity and skills in research, analytics, etc. for people who wish to have a career in the securities arena. All Nism Certification Courses are segmented into 28 modules, also known as series, as well as some additional exams. While a majority of these are compulsory for people looking to work in the industry, some are optional and created to update learners about the new practices and developments in the space. 

Here are some of the most popular modules offered by NISM. 

NISM Series I: Currency Derivatives Certification Examination

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

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

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

NISM Series III B: Issuers Compliance Certification Examination+

NISM Series IV: Interest Rates Derivatives Certification Examination

NISM Series V A: Mutual Fund Distributors Certification Examination

NISM Series V-B: Mutual Fund Foundation Certification Examination

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

Amongst these, the most popular is the NISM Series V A exam to become a mutual fund distributor. It is the first step involved in the process, followed by applying for AMFI Registration Number or ARN number. You can also find NISM VA Mock Test online in case you wish to become a mutual fund agent or distributor and are currently preparing for the certification exam. 

NISM Certification Course Fee

NISM or the National Institute of Securities Markets was established by SEBI in 2006. The organization offer various courses to increase the securities market participation and standards. These courses provide thorough and deep market understanding. If you want to know NISM certification course details, then this blog is for you. Read on to learn about the framework of courses offered, popular modules and more. 

Framework of Certifications

There are 28 modules or series in NISM certification. While many of these are mandatory for professionals seeking to work at SEBI or as mediators in the securities market, a few are voluntary, offered to keep learners up-to-speed on the various segments of the market. Each of these modules caters to a particular segment of the securities markets and aids a learner obtain a critical skillset to forge a career. It is noteworthy that there is no eligibility criteria to apply for a certification exam. These NISM certification exams are available throughout the year, and one can schedule an exam 30 days in advance. Those who clear the exam get NISM certification within the next 15 days. 

Here are some of the most popular modules: 

NISM Series V A: Mutual Fund Distributors Certification Examination

NISM Series I: Currency Derivatives Certification Examination

NISM Series IV: Interest Rates Derivatives Certification Examination

NISM-Series-VIII: Equity Derivatives Certification Examination

NISM Series-XIII: Common Derivatives Certification Examination

NISM-Series-XVIII: Financial Education Certification Examination

NISM Series-XV: Research Analyst Certification Examination

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

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

Let us now have a look at the many benefits of NISM certification. 

Advantages of NISM Certification

You can take an NISM certification exam anytime and from anywhere. Therefore, you enjoy flexibility, which is not usually available in such important certification exams. 

In comparison to other professional courses, NISM modules are quite easy on the pocket. The registration fee for an NISM exam is typically between INR 1500 and INR 3000, exclusive of GST.

NISM provides relevant study material to learners in order to aid them in preparing for the examination.

NISM as well as the modules are backed by SEBI. In other words, these enjoy recognition across the country and in all Indian financial institutions. 

NISM certifications are an excellent value addition to your resume as they validate the knowledge and expertise of a job applicant. 

NISM Certification Courses have been divided into 28 modules or series certification clubbed with some extra exams. While most of these exams are mandatory for professionals looking forward to work as intermediaries in the financial markets, some of them are voluntary with the vision to update aspirants and learners with the latest on the different segments of the financial markets and exchange. 

These NISM Certification Exam can assist aspirants to get a good job in the financial services sector along with equipping them with the knowledge of subject matters of the financial market.

Some of the very popular and highly ranked certification or modules offer by NISM includes:

NISM Series VA Certification : Mutual Fund Distributors Certification Examination

NISM Series I Certification : Currency Derivatives Certification Examination

NISM Series IV : Interest Rates Derivatives Certification Examination

The NISM Certification fees for the above certification are different for every exam but it ranges between Rs. 1,500 to Rs. 3,000. 

The syllabus for these exams will depend on the selection of modules that aspirants are planning to take up. By opting the desired course and tapping on the curriculum, they can see all the relevant details regarding the exam. 

What is the NISM VA certificate examination?

NISM VA mutual fund distribution examination is conducted by the National Institute of Securities markets to provide the basic knowledge of mutual funds to the people who want to deal in the selling and distribution of mutual funds. It is mandatory to clear the NISM VA exam if you want to work as a certified mutual fund advisor. Once you have passed this exam, you can work to sell and distribute mutual funds.

What is the exam pattern of NISM VA certifications?

The NISM VA exam consists of 100 questions.

Each question of this exam carries 1 mark.

There is no negative in NISM VA certification.

Candidates are required to score at least 50% marks to qualify for this exam.

Note: Only those candidates who have provided their PAN number during registration will be eligible to get the passing certificate. Therefore, make sure you fulfill all the required documents and details during registration.

Who is eligible for the NISM VA exam?

To get appeared in the exam, you must be meeting the eligibility criteria. In case you are not eligible for the exam, kindly don't register yourself. To know about the eligibility criteria, kidney go through the below-listed points-

Any candidate who is older than 18 years is eligible to appear in this exam to become a mutual fund distributor and advisor.

AMFI does not indicate any minimum qualification for this exam.

What is the registration fee for the NISM exam?

All the candidates who are registering for the NISM VA exam are required to pay Rs. 1500 for the registration.

NISM exams are definitely one of the best in the industry if you are a fresher and willing to make a career in Finance. These certification exams are sufficient to give you an initial push in your career. They are strong enough to add a few keywords in your resume and make it look better than your peers.

BROKER/ DEALER- 

 Broker is a person or firm who arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neither role should be confused with that of an agent—one who acts on behalf of a principal party in a deal.

To become a broker you have to clear the NISM VIII-Equity Derivatives exam. 

MERCHANT BANKER-

As per SEBI rules, a nism merchant banker refers to, “any person who is engaged in the business of issue management either by making arrangements regarding buying, selling or subscribing to securities or acting as manager, consultant or rendering corporate advisory services in relation to such issue management”.

Merchant Banking is a skill oriented professional service. To become a Merchant Banker you have to clear the NISM IX - Merchant Banking exam.

MUTUAL FUND DISTRIBUTOR-

Nism Mutual fund distributor is an individual or entity that helps investors to buy and sell mutual funds. They earn income as a fixed fee or a percentage of commission from the investor's portfolio.

To become a Mutual Fund distributor you have to clear the NISM VA mutual fund exam.

RESEARCH ANALYST-

A nism research analyst is a professional who prepares investigative reports on securities or assets for in-house or client use. The report an analyst prepares entails the examination of public records of securities of companies or industries, and often concludes with a "buy," "sell," or "hold" recommendation. 

To become a Research analyst you have to clear the NISM XV exam.

INVESTMENT ADVISER-

An investment advisor is any person or group that makes investment recommendations or conducts securities analysis in return for a fee, whether through direct management of clients' assets or by way of written publications.

NISM, also known as the National Institute of Securities Markets, is known for bettering the level of education those professionals in financial gain. Professionals who pass National Institute of Securities Markets exams become certified to perform finance-related works, and without NISM certification, it's also possible that you will be not being able to get a job in the finance and securities industries.       Because National Institute of Securities Markets formulates their tests to set the benchmark for the very minimum that each finance professional should know in order to be able to work in the field.

There is a very specific need for consumers, government officials, and other professionals to be able to tell who actually is candidly educated in the world of securities. There have been many cases in which thieves mannered as investment professionals, use others' money, and go vanished. By developing NISM certifications, the consumers can be protected against any kind of fraud. Moreover, these exams also cater you to set a national benchmark in the provision of the education level that people can expect from the finance professionals that are using and managing their money.

Without these exams, there really is no national standard for professional knowledge in securities. It means that people who want to work with experts that actually are knowledgeable would have little means to categorize the qualified experts from those people who might just be trying to make just real quick money. Employers and investors will prefer more people who have passed NISM exams, simply because they know about their work and are serious about their careers. Unlike many other certifications that you could get, NISM exams have the distinct difference between being backed by government sponsorship. It is one of the few organizations that were actually come into establishment by the recommendation of the Finance Minister, and it also has the added benefit of being established for several years. Passing NISM exams are soon, if it isn't already, going to become a legal requirement for people who want to do work in the area of finance.

Another reason why NISM exams are so important is that because they are the first certification exams which put the focus on securities in an objective manner. If you are perturbed about passing your NISM exams, don't be. NISM has generated easy to read study guides, courses, and help kits for those who want to get certified through one of their many tests. Since NISM exams are designed to be a series of cut-and-dry, easy to score benchmarked tests, so you don't have to worry about your subjective scoring.

NISM Series VA: mutual fund Distributors Certification Examination is a basic certification needed to sell investment company merchandise in Indian market. once passing the NISM mutual fund communication, you'll be entitled to sell all types of mutual fund merchandise like equity mutual funds, debt funds, hybrid funds, liquid funds, sector funds, balanced funds, etc.