The Financial Vines

NISM All Courses

A comprehensive list of courses offered by the National Institute of Securities Markets.

Course Name↑	Difficulty	Fees	Duration	Max Marks	Pass Mark	Negative Marks	Validity	Who Should Take It	Jobs
NISM-Series-I: Currency Derivatives Certification Examination	Intermediate	₹1,500	2 Hrs	100	60%	0.25	3 yrs	This examination should be taken by all those who want to have a better understanding of the various terminologies used in the currency derivatives market and the different trading and hedging strategies that can be built using the currency futures and options.	The certification is a pre-requisite for students, traders, investors, risk managers, and employees of Banks, TREC holders and any other capital market participants.
NISM-Series-II-A: Registrars to an Issue and Share Transfer Agents (Corporate) Certification Examination	Intermediate	₹1,500	2 Hrs	100	50%	0.25	3 yrs	This examination should be taken by all those who want to have a better understanding of the various terminologies used in the currency derivatives market and the different trading and hedging strategies that can be built using the currency futures and options.	The certification is a pre-requisite for students, traders, investors, risk managers, and employees of Banks, TREC holders and any other capital market participants.
NISM-Series-II-B: Registrars to an Issue and Share Transfer Agents (Mutual Fund) Certification Examination	Intermediate	₹1,500	2 Hrs	100	50%	0.25	3 yrs	The examination is a must for all the employees of Registrars and Transfer Agents (R&T agents) and all the Mutual Fund Agents and Distributors who would like to improve their knowledge on the nuances of the R&T agent's functions.	After passing the certification, the candidate will be able to perform the role of a Mutual fund registrar and transfer agent job. Depository and RTA services are the career opportunities available.
NISM-Series-III-A: Securities Intermediaries Compliance (Non-Fund) Certification Examination	Intermediate	₹1,500	2 Hrs	100	60%	0.25	3 yrs	All associated persons who are engaged in legal, secretarial and compliance in any of the registered intermediaries in the financial market in India. All associated persons of a registered intermediary in the financial market in India who wish to transfer to its legal or compliance department. All students, teachers, and any other individuals who are interested in gaining a better understanding of the legal framework and compliance of the financial market in India.	After passing the certification, the candidate can be appointed as a compliance officer. All registered intermediaries in the Indian Financial Market, such as Investment Banks, AMCs, Debenture Trustees, Merchant banks must have a compliance officer.
NISM-Series-IV: Interest Rate Derivatives Certification Examination	Intermediate	₹1,500	2 Hrs	100	60%	0.25	3 yrs	This certification examination is for all those who wish to create a career in the fixed income market in India. This examination is also for all those who are working in the treasury department of banks, financial institutions, and other corporate entities in India. Lastly, this certification examination is for students, teachers, and any other individuals who are interested in gaining a better understanding of the fixed income market in India.	After clearing the examination, the candidate will have an in-depth knowledge of fixed income securities and will be able to manage the risks and returns involved while investing in fixed income securities.
NISM-Series-IX: Merchant Banking Certification Examination	Intermediate	₹1,500	2 Hrs	100	60%	0.25	3 yrs	This examination is for all those who want to have a better understanding of the merchant banking activities. This examination is a must for all the students who want to get into the merchant banking domain. A must-do course for all the students who want to become investment bankers.	This is a must-have certification for all those who wish to make a career in the merchant banking domain. This examination covers topics like IPOs, FPOs, and other fundraising activities. Thus, providing an in-depth knowledge of the functions of merchant bankers. After clearing this certification, one can start a career in investment banking, private equity, or venture capital.
NISM-Series-V-A: Mutual Fund Distributors Certification Examination	Easy	₹1,500	2 Hrs	100	50%	0	3 yrs	This examination is a must for all those who want to get into the mutual fund industry. This is also a must for all employees of any organization engaged in the sales and distribution of mutual funds, for example, Mutual Fund AMCs, National and Regional Distributors, Banks, etc.	Mutual Fund distribution is one of the most promising career opportunities in India as it is one of the fastest-growing industries. After completion, one can become Mutual Fund Distributor/Agent and can work with Asset Management Companies, and National Distributors.
NISM-Series-V-B: Mutual Fund Foundation Certification Examination	Easy	₹1,200	2 Hrs	100	50%	0	3 yrs	This examination is for all the new entrants in the mutual fund industry. This examination is also for all the employees of any organization engaged in the sales and distribution of mutual funds, for example, Mutual Fund AMCs, National and Regional Distributors, Banks, etc.	Mutual Fund distribution is one of the most promising career opportunities in India as it is one of the fastest-growing industries. After completion, one can become Mutual Fund Distributor/Agent and can work with Asset Management Companies, and National Distributors.
NISM-Series-V-C: Mutual Fund Foundation Certification Examination	Easy	₹1,500	2 Hrs	50	50%	0	3 yrs	This examination is for all those who want to get into the mutual fund industry. This is also a must for all employees of any organization engaged in the sales and distribution of mutual funds, for example, Mutual Fund AMCs, National and Regional Distributors, Banks, etc.	After completing the certification, one will have an understanding of the basics of mutual funds and their structure, the different kinds of mutual fund schemes, and their features, which will help in the distribution of mutual funds.
NISM-Series-VI: Depository Operations Certification Examination	Intermediate	₹1,500	2 Hrs	100	60%	0.25	3 yrs	This examination is a must for all the students who want to build their career in the Indian Financial Market. This certification is a must for all employees of any organization engaged in the depository services.	This is a must-have certification for all those who wish to make a career in the operations team of a depository participant. The examination will provide in-depth knowledge of the functions of depository participants.
NISM-Series-VII: Securities Operations and Risk Management Certification	Tough	₹1,500	2 Hrs	100	60%	0.25	3 yrs	This examination is a must for all the students who want to build their career in the Indian Financial Market. This certification is a must for all employees of any organization engaged in the stock market operations and risk management.	This is a must-have certification for all those who wish to make a career in the operations and risk management teams of a stock market intermediary. This examination covers topics like clearing and settlement process, and collateral and risk management. Thus, providing an in-depth knowledge of the functions of the operations and risk management.
NISM-Series-VIII: Equity Derivatives Certification Examination	Intermediate	₹1,500	2 Hrs	100	60%	0.25	3 yrs	This examination is for all those who want to have a better understanding of the various terminologies used in the equity derivatives market and the different trading strategies that can be built using futures and options. It is also a mandatory examination for all the traders and dealers who trade on the derivatives market. A must-do course for all the students who want to become traders in the equity derivatives market.	A student or any market participant who is looking to trade in the derivatives market must take this examination. This is also a mandatory examination for a dealer in the equity derivatives market. After clearing the examination, the candidate will be able to trade in the derivatives market and manage the risks and returns involved in the same.
NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination	Tough	₹1,500	2 Hrs	100	60%	0.25	3 yrs	This examination is for all those who want to get registered as Investment Advisers with SEBI. This examination is a must for all the students who want to get into financial planning and advisory services.	This is a must-have certification for all those who wish to provide investment advisory services. After clearing this certification, one can start a career in financial planning, investment advisory, or wealth management.
NISM-Series-X-B: Investment Adviser (Level 2) Certification Examination	Tough	₹3,000	3 Hrs	150	60%	0	3 yrs	This examination is for all those who want to get registered as Investment Advisers with SEBI. This examination is a must for all the students who want to get into financial planning and advisory services.	This is a must-have certification for all those who wish to provide investment advisory services. After clearing this certification, one can start a career in financial planning, investment advisory, or wealth management.
NISM-Series-XI: Equity Sales Certification Examination	Intermediate	₹1,500	2 Hrs	100	50%	0.25	3 yrs	This examination is for all those who want to get into equity sales. This examination is a must for all the students who want to get into equity sales and dealing.	This is a must-have certification for all those who wish to make a career in the equity sales and dealing domain. This examination covers topics like sales techniques, client relationship management, and equity products. Thus, providing an in-depth knowledge of the functions of an equity salesperson.
NISM-Series-XII: Securities Markets Foundation Certification Examination	Easy	₹1,770	2 Hrs	100	60%	0	-	This examination is for all those who want to have a better understanding of the securities markets. This examination is a must for all the students who want to get into the financial markets.	This is a must-have certification for all those who wish to make a career in the financial markets. This examination covers topics like primary markets, secondary markets, derivatives, and mutual funds. Thus, providing an in-depth knowledge of the financial markets.
NISM-Series-XIII: Common Derivatives Certification Examination	Tough	₹3,000	3 Hrs	150	60%	0.25	3 yrs	This examination is for all those who want to have a better understanding of the derivatives market. This examination is a must for all the students who want to get into the derivatives market.	This is a must-have certification for all those who wish to make a career in the derivatives market. This examination covers topics like forwards, futures, options, and swaps. Thus, providing an in-depth knowledge of the derivatives market.
NISM-Series-XIV: Internal Auditors for Stock Brokers Certification Examination	Intermediate	₹1,500	2 Hrs	100	60%	0.25	3 yrs	This examination is for all those who want to get into internal audit of stock broking firms. This examination is a must for all the students who want to get into the internal audit domain.	This is a must-have certification for all those who wish to make a career in the internal audit domain. This examination covers topics like internal audit process, audit of various departments of a stock broking firm. Thus, providing an in-depth knowledge of the functions of an internal auditor.
NISM-Series-XIX-A: Alternative Investment Funds (Category I and II) Distributors Certification Examination	Tough	₹1,500	2 Hrs	100	60%	0.25	3 yrs	This examination is for all those who want to get into the distribution of Alternative Investment Funds. This examination is a must for all the students who want to get into the distribution of AIFs.	This is a must-have certification for all those who wish to make a career in the distribution of AIFs. This examination covers topics like AIF regulations, fund structures, and distribution process. Thus, providing an in-depth knowledge of the functions of an AIF distributor.
NISM-Series-XV: Research Analyst Certification Examination	Tough	₹1,500	2 Hrs	100	60%	0.25	3 yrs	This examination is for all those who want to get registered as Research Analysts with SEBI. This examination is a must for all the students who want to get into equity research.	This is a must-have certification for all those who wish to provide research advisory services. After clearing this certification, one can start a career in equity research, investment advisory, or portfolio management.
NISM-Series-XVI: Commodity Derivatives Certification Examination	Intermediate	₹1,500	2 Hrs	100	60%	0.25	3 yrs	This examination is for all those who want to have a better understanding of the commodity derivatives market. This examination is a must for all the students who want to get into the commodity derivatives market.	This is a must-have certification for all those who wish to make a career in the commodity derivatives market. This examination covers topics like forwards, futures, and options on commodities. Thus, providing an in-depth knowledge of the commodity derivatives market.
NISM-Series-XVII: Retirement Adviser Certification Examination	Tough	₹1,500	2 Hrs	100	60%	0.25	3 yrs	This examination is for all those who want to get into retirement advisory. This examination is a must for all the students who want to get into retirement advisory services.	This is a must-have certification for all those who wish to provide retirement advisory services. After clearing this certification, one can start a career in retirement planning, investment advisory, or wealth management.
NISM-Series-XVIII: Financial Education Certification Examination	Easy	₹1,200	2 Hrs	50	60%	0	3 yrs	This examination is for all those who want to become a financial educator. This examination is a must for all the students who want to get into financial education.	This is a must-have certification for all those who wish to make a career in the financial education domain. This examination covers topics like basics of finance, financial planning, and various financial products. Thus, providing an in-depth knowledge of the financial education domain.
NISM-Series-XX: Taxation in Securities Markets Certification Examination	Intermediate	₹1,500	2 Hrs	100	60%	0.25	3 yrs	This examination is for all those who want to have a better understanding of the taxation of securities markets. This examination is a must for all the students who want to get into the taxation of securities markets.	This is a must-have certification for all those who wish to make a career in the taxation of securities markets. This examination covers topics like taxation of various securities, capital gains, and tax planning. Thus, providing an in-depth knowledge of the taxation of securities markets.
NISM-Series-XXI-A: Portfolio Management Services (PMS) Distributors Certification Examination	Tough	₹1,500	2 Hrs	100	60%	0.25	3 yrs	This examination is for all those who want to get into the distribution of Portfolio Management Services. This examination is a must for all the students who want to get into the distribution of PMS.	This is a must-have certification for all those who wish to make a career in the distribution of PMS. This examination covers topics like PMS regulations, fund structures, and distribution process. Thus, providing an in-depth knowledge of the functions of a PMS distributor.
NISM-Series-XXI-B: Portfolio Managers Certification Examination	Tough	₹3,000	3 Hrs	100	60%	0.25	3 yrs	This examination is for all those who want to get into portfolio management. This examination is a must for all the students who want to get into portfolio management.	This is a must-have certification for all those who wish to make a career in portfolio management. This examination covers topics like portfolio construction, risk management, and performance evaluation. Thus, providing an in-depth knowledge of the functions of a portfolio manager.
NISM-Series-XXII: Fixed Income Securities Certification Examination	Intermediate	₹1,770	2 Hrs	100	60%	0.25	3 yrs	This examination is for all those who want to have a better understanding of the fixed income securities market. This examination is a must for all the students who want to get into the fixed income securities market.	This is a must-have certification for all those who wish to make a career in the fixed income securities market. This examination covers topics like various fixed income securities, valuation, and risk management. Thus, providing an in-depth knowledge of the fixed income securities market.