Get the complete NISM exam syllabus for 2025 covering all key modules like Mutual Fund, Equity Derivatives, Investment Adviser, and Research Analyst. Includes subject-wise topics, marks weightage, exam pattern, PDF downloads, and study tips.
The National Institute of Securities Markets (NISM) is an autonomous institution under the Securities and Exchange Board of India (SEBI) established to promote education and research in securities markets. NISM conducts various certification exams that are mandatory for professionals working in securities markets, mutual funds, investment advisory, derivatives trading, and portfolio management.
Clearing NISM certifications is essential for those looking to build or advance their career in financial services and capital markets in India.
Exam Overview
Conducting Body
National Institute of Securities Markets (NISM)
Exam Mode
Online (Computer Based Test)
Duration
90 – 120 minutes (varies by series)
Number of Questions
50 to 100 Multiple Choice Questions (MCQs)
Total Marks
100
Passing Criteria
60% to 70% (varies by series)
Languages
Primarily English; select modules available in Hindi
Exam Frequency
Multiple sessions throughout the year
Popular NISM Certification Series & Syllabus Details
1. Series I: Currency Derivatives Certification Examination
Topic
Marks
Description
Introduction to Currency Market
20
Basics of forex market, currency pairs, market participants
Currency Derivative Instruments
25
Futures, options, pricing mechanisms
Trading Mechanisms & Settlement
20
Trading process, margining, clearing and settlement
Regulatory Framework
15
SEBI and RBI regulations and compliance requirements
Risk Management & Trading Strategies
20
Hedging, arbitrage, speculation strategies
2. Series II: Securities Markets Foundation Certification Examination
Topic
Marks
Description
Introduction to Securities Market
25
Types of markets, market participants, instruments
Primary Market Operations
25
Initial Public Offerings (IPOs), issuance of securities
Mutual Fund Distributors: “Mutual Funds in India” by Sundar Sankaran
Investment Adviser: “Investment Analysis and Portfolio Management” by Frank K. Reilly & Keith C. Brown
Equity Derivatives: “Options, Futures and Other Derivatives” by John C. Hull
Equity Research Analyst: “Security Analysis” by Benjamin Graham and David Dodd
Retirement Adviser: CFA Institute’s “Retirement Planning Handbook”
Preparation Tips
Study the official NISM syllabus and study materials thoroughly.
Practice multiple mock tests and previous year question papers.
Focus on understanding SEBI regulations and compliance norms.
Manage your time efficiently during preparation and exam.
Aim to understand concepts deeply rather than rote learning.
Use recommended books and online resources to strengthen weak areas.
Conclusion
NISM certifications are essential for securities market professionals in India to validate their knowledge and skills. Understanding the detailed syllabus for each series and preparing accordingly will increase your chances of clearing the exams successfully.
This guide provides a comprehensive overview of the popular NISM exams, their syllabus topics, marks distribution, official syllabus links, recommended books, and preparation strategies.
For specific help or detailed study plans on any NISM certification series, feel free to ask.
