Securities and Exchange board of India (SEBI), the regulator for Indian financial markets, established the National Institute of Securities Markets (NISM) for necessary education and research required to promote securities markets.
As a mandate, NISM provides certification examinations for professionals aspiring or currently employed in various segments or parts of the Indian securities markets.
The certificates are issued as Electronic Certificates since the discontinuation of physical certificates from January 28, 2013. Certificates, after successful clearance of examination, are issued to candidates in electronic mode, which may be downloaded in PDF format, and sent through email.
List of NISM certifications
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 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
NISM Series VI: Depository Operations Certification Examination
NISM Series VII: Securities Operations and Risk Management Certification Examination
NISM Series VIII: Equity Derivatives Certification Examination
NISM Series IX: Merchant Banking Certification Examination
NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination
NISM Series XI: Equity Sales Certification Examination
NISM Series XII: Securities Markets Foundation Certification Examination
