The examination is conducted by NISM (a public trust, established by the the regulator of Securities Markets, SEBI). The basic objective of this exam is to create a minimum knowledge among the dealers and sales people dealing in Indian Equities derivatives market.
It is mandatory exam for becoming an Approved user, Authorized person or Sales person of the trading member who intend to have a derivatives terminal. However Students, Investors, Traders or other people with their interest in Derivatives may also appear for the same.The NISM equity derivatives examination expires after the period of three years. The syllabus of this exam covers
Basic of Indian derivatives market, Understanding of derivatives instruments like Futures and Options, Pricing of future and options and their trading strategies. It also covers various risk management practices, regulatory environment in India and not to forget, do’s and dont’s while trading in derivatives.
The exam contains 100 questions with 1 mark each, which needs to be completed in 2 hours i.e. 120 minutes. There is negative marking also to the extent of 25%. As such for every right answer your will get 1 mark and for every wrong answer 0.25 mark will be deducted from your total score. So it is better to leave a question if you are not sure.
Assessment Structure: Exam Pattern
| DURATION | 120 Minutes |
| NO. OF QUESTIONS | 100 |
| MAXIMUM MARKS | 100 |
| PASS MARK | 60 |
| NEGATIVE MARK | 25% FOR WRONG ANSWERS |
| CERTIFICATE VALIDITY | 3 YEARS |
| EXAM FEES | Rs 1250/- |
Dishagyan.com provides a complete preparatory material on Equity Derivatives with Video lessons, Question Bank and Mock tests. The Video lessons makes is very easy to grasp and understand the details in the most convenient manner. For candidates, who already have the understanding of the subject can take up Question Bank. Equity derivatives Question Bank contain Question Bank and 3 Mock tests. This will strengthen your preparation and increase chances to clear the exam in one go. It is always better to opt for such preparation to save on costs and time.
Each time you will appear for exam you need to take date for appearance and pay exam fees again.
