A Complete Guide to NISM Exams by ZFunds
NISM's full form is the National Institute of Securities Markets. It was established by SEBI (Securities and Exchange Board of India) under the announcement made by India’s Finance Minister along with his budget speech in February 2005. The desire by the government of India to promote securities market research and education was expressed by SEBI when they agreed to establish NISM.
NISM has put an effort into delivering securities and financial education across various segments and at multiple levels abroad and in India. NISM has established six distinct schools to implement. Its objectives of provide for the educational needs of multiple constituencies such as future professionals of securities, academia, policymakers, regulatory staff, intermediaries, issuers, and investors. To increase the knowledge levels of securities industry participants, various publications on securities markets have been brought out by NISM.
The same organization has been given the power to implement and develop certification exams for experts who are employed in various sections of the Indian securities markets. They conduct different examinations for different purposes and provide certificates to candidates who have completed and passed that examinations. There are 14 nism exams in total, some segments have more than one exam. To clearly understand these exams, it would be safer to have some information on a few of them.
The first examination is known as the NISM series I — currency derivatives certification examination. It is placed to build a common minimum knowledge benchmark for the people who are working in the currency derivatives market section. It will establish a better understanding of exchange-traded currency and currency market derivatives products. It also allows for a better understanding of risk controls, operational processes, and better quality investor service.
The fees for the examination will differ according to the citizenship of the candidate (resident or non-resident). The number of questions for this particular paper is 100. Each candidate will be given 120 minutes to sit for the paper and they are expected to have at least 60% to pass the examination. The certificate has a validity of 3 years after which the candidate will re-sit the exam to get re-certification and knowledge on any new techniques that may have been discovered.
NISM Series V A — Examination for mutual fund distributors is another type of examination provided. It has been placed for the reason of creating a common minimum knowledge benchmark for any individual involved in distributing and selling mutual funds. It includes employees of asset management companies especially people who are engaged in the distribution and sales of mutual funds, employees of organizations engaged in the distribution and sales of mutual funds, and individual mutual fund distributors. The certification has the goal of improving the quality of distribution, sales, and any other related support services that can be found in the mutual fund industry.
From this information, it is quite noticeable to see that all the examinations have 100 questions, 100 possible marks, and 120 minutes for the duration of the examination. The cost and the pass mark for each will differ. This means that any of the individuals who have one or more certifications from NISM will be considered highly qualified in their field of expertise and professionalism. As a result, finding employment or contracts will be easier for them as well. You can prepare for your exam from NISM Va Mock test.
NISM Series VIII — Examination for equity derivatives exam is another type of examination provided. It has been placed for the reason of creating a common minimum knowledge benchmark for any individual involved in the equity derivatives market. The certification has the goal of improving the knowledge and skills of individuals in the equity derivatives market.
From this information, it is quite noticeable to see that all the examinations have 100 questions, 100 possible marks, and 120 minutes for the duration of the examination. The cost and the pass mark for each will differ. This means that any of the individuals who have one or more certifications from NISM will be considered highly qualified in the equity derivatives market. You can prepare for your exam from NISM VIII Mock test.
The NISM Series XXI-B: Portfolio Managers Certification Mock Test is one of the popular types of exams. It is been to help individuals prepare for the official NISM Series XXI-B certification exam, The goal of the exam is to focus on the knowledge required to become a certified portfolio manager.
The exam has 100 questions, 100 possible marks, and 120 minutes for the duration of the examination. The certificated goal is to create a common minimum knowledge benchmark for individuals involved in managing investment portfolios. It covers key topics such as portfolio construction, risk management, asset allocation, investment strategies, and regulatory aspects related to portfolio management. You can prepare for your exam from PMS Mock test.
Conclusion
These are some of the popular nism exams and certificates that nism offers, apart from that, there are other exams also that nism provides. These exams are made to check the ability of an individual. If you are one of the individuals who is preparing for nism exam, you can take the help of nism mock test. Their mock tests are amazing. They will help you in passing your exam in one attempt.