Overview of 20 NISM Exam – Part 1
A Complete Guide includes Career Opportunities, Fee & Syllabus 2020
Are you looking for making career into the domain of securities market? This article is focused on helping you with just that. Through this article, we will take a look at overview of 20 NISM Exam, Career Opportunities, Who can opt, Fee, Syllabus, Registration Process & How to clear NISM Exam?
It’s amazing to see how financial market or securities market has grown over the years and created multiple fascinating career opportunities for freshers as well as for working professionals.
“According to the studies, the current financial landscape is expanding, and this period of innovation means roles are consistently developing, therefore creating more career opportunities to find a position that best uses your skills and interests”.
Yes, skilled financial market employees are essential during this progressive time, so those seeking a job in the sector will be valued more than ever. If you are searching for a fruitful career with plenty of job options, look no further than Financial Market.
In today’s era, financial market in India is growing at a much faster pace than any other sector. Rapid growth in the industry definitely creates career opportunities throughout the nation. It opens up the door in various sector of the financial market. This sector is going through the golden phase where it is experiencing astounding growth in all domains.
In earlier days, the sector has lagged behind but now it has evolved and matured into a growing industry with a number of high paying new financial jobs for qualified professionals.
As this sector continues to expand, deserving young candidates will have diverse range of new job opportunities coming their way.
Before delving into the overview of 20 NISM Exam, let us take a look at some basics of it, so you can understand which NISM exam unlocks what career opportunities and who can be benefited by which NISM module.
Introduction to NISM
NISM (National Institute of Securities Market) was established in 2006 by SEBI (Securities & Exchange Board of India), the Regulator for Securities Market in India.
It conducts various NISM Certification examinations those are mandatory to get a job & making career in the respective industries like NISM – Series VA, VB & VC is required in mutual fund industry, NISM XA & XB is required in Investment Advisory industry, NISM –Research analyst is mandatory to become an analyst, NISM Equity Derivatives & Currency Derivatives are required to get into Broking Industry & various other certification examination are mandatory to get into the respective industry.
NISM Modules & its requirements
The NISM exam modules are categorized in different series and each of these series focuses on different – different subject areas based on their own specialization.
Objective of NISM Exam
The primary objective of each module is to test the practical knowledge and skills of the appearing candidates for financial market operations.
The test is conducted to ensure that candidates seeking career in this field possess high caliber and intellectual ability.
Let us have a look at overview of 20 NISM Exam modules with complete information including career opportunities, scope, salary package etc.
Top 20 NISM Exams that You Need to Know About
As of now, NISM conducts 26 NISM Certification Examinations in various segments of Indian Securities Market.
Here, we tried to incorporate the detailed Overview of 20 NISM Certification Examinations.
MODULE 1 – NISM Series I: Currency Derivatives Certification Examination
About –
- Basic knowledge of currency markets.
- Specific knowledge of Exchange Traded Currency Futures markets.
- Understand the trading, clearing and settlement mechanisms related to Currency Futures markets.
- Understand basic investment strategies that use currency futures products.
- Know the regulatory environment in which the Currency Futures markets operate in India.
Who can Opt –
- All approved users and sales personnel of trading members of currency derivatives segments of recognized stock exchanges
- Interested students/professionals
- Any other individuals
For whom is this examination mandated –
- NISM has specified this examination to be the requisite standard for the approved users and sales personnel of trading members of currency derivatives segments of recognized stock exchanges.
Scope & Career Opportunities –
- It is pre-requisite for getting jobs in currency trading or broking companies or for starting your own currency trading Sub-Brokership business.
- Enhance more employment opportunities.
- Adds value to your resume when applying for jobs in financial sector.
- Understand how to trade in currency future market.
- Gives knowledge about the regulatory environment in which the currency derivatives markets operates in India.
- Deep insight into the currency derivatives markets.
Exam Duration – 120min
Negative Marking – 25% (100Q-1mark each)
Passing Score – 60%
Exam Fee – Rs.1500/-
Average Package – 2.50L PA
Click here to download the NISM Series I: Currency Derivatives Certification Examination workbook for free.
MODULE 2 – NISM Series-III-A: Securities Intermediaries Compliance (Non-Fund) Certification Examination
About –
- Understand the structure of financial and securities markets in India; financial intermediaries and the types of products available in the Indian market.
- Understand the regulatory framework and the role of the various regulators in the financial system.
- Understand the Importance of Compliance function and the scope and role of the compliance officer in the Indian securities market.
- Understand the various regulations and rules of the Indian securities market as related to the defined group of intermediaries.
- Understand the importance of compliance of the rules and regulations and the penal actions initiated in case of any default or failure
Who can Opt –
- Required for the compliance officers employed with Financial Markets intermediaries.
- Interested students/professionals
- Any other individuals
For whom is this examination mandated –
- Compliance officers employed with Financial Markets intermediaries.
Exam Duration – 120min
Negative Marking – 25% (100Q – 1mark each)
Passing Score – 60%
Click here to download the NISM Series-III-A: Securities Intermediaries Compliance (Non-Fund) Certification Examination workbook for free.
MODULE 3 – NISM Series IV: Interest Rates Derivatives Certification Examination
About –
- Interest rate derivative market is the largest derivatives market in the world (Treasury-collecting taxes, managing federal finances).
- Know the basics of fixed income securities markets and specifically interest rate derivative markets in Indian and developed world.
- Understand the analytical framework required for Bond Futures market in India along with trading and hedging strategies involved
- Understand the clearing, settlement and risk management as well as the operational mechanism related to interest rate derivatives markets
- Know the regulatory environment in which the interest rate derivatives markets operate in India.
Who can Opt –
- Individual who wants to prepare themselves for the Interest Rate Derivatives jobs or trading
- Bankers
- Students
- Traders
- Working Professionals
- Those seeking jobs in financial institutions
For whom is this examination mandated –
- As per SEBI Circular, a trading member who is registered in the currency derivatives segment of a recognized stock exchange and trading in interest rate derivatives shall ensure that all its approved users and sales personnel shall obtain Series-IV: Interest Rate Derivatives certification exam.
Exam Duration – 120min
Negative Marking – 25%
Passing Score – 60%
Exam Fee – Rs.1500/-
Click here to download the NISM Series IV: Interest Rates Derivatives Certification Examination workbook for free.
MODULE 4 – NISM Series V A: Mutual Fund Distributors Certification Examination
About –
- Know the basics of mutual funds, their role and structure, different kinds of mutual fund schemes and their features
- Understand how mutual funds are distributed in the market-place, how schemes are to be evaluated, and how suitable products and services can be recommended to investors and prospective investors in the market.
- Get oriented to the legalities, accounting, valuation and taxation aspects underlying mutual funds and their distribution.
- Get acquainted with financial planning as an approach to investing in mutual funds, as an aid for mutual fund distributors to develop long term relationships with their clients.
Who can Opt –
- Individual who wants to become a mutual fund distributor
- Bankers
- Students
- Working Professionals
- Those seeking jobs in financial institutions
For whom is this examination mandated –
- Individual Mutual Fund Distributors
- Employees of organizations engaged in sales and distribution of Mutual Funds
- Employees of Asset Management Companies specially persons engaged in sales and distribution of Mutual Funds
Min Qualification & Eligibility Criteria –
- Graduation with basic knowledge of mutual fund
Exam Duration – 120min
Negative Marking – No negative marking (100Q-1mark each)
Passing Score – 50%
Exam Fee – Rs.1250/-
Click here to download the NISM Series V A: Mutual Fund Distributors Certification Examination workbook for free.
MODULE 5 – NISM-Series V-B: Mutual Fund Foundation Certification Examination
About –
- Know the basics of mutual funds, their role and structure, different kinds of mutual fund schemes and their features
- Know how mutual funds are distributed in the market-place, how specified schemes are to be evaluated and how suitable schemes can be recommended by this cadre of distributors to prospective investors.
- Know the rules and regulations related to distribution of specified products.
- Know the basics of financial planning as an approach to investing in mutual funds
Who can Opt –
- Postal agents
- Retired government and semi-government officials (class III and above or equivalent) with a service of at least 10 years
- Retired teachers with a service of at least 10 years
- Retired bank officers with a service of at least 10 years, and other similar persons (such as Bank correspondents) as may be notified by AMFI/AMC from time to time
For whom is this examination mandated –
- Please refer to NISM Notification NISM/Certification/Series-V-B: MFF/2013/01 dated January 7, 2013 (in the ‘Circulars’ section). NISM has specified this examination to be the requisite standard for “a new cadre of distributors including, postal agents, retired government and semi-government officials (class III and above or equivalent) with a service of at least 10 years, retired teachers with a service of at least 10 years, retired bank officers with a service of at least 10 years, and other similar persons (such as Bank correspondents) as may be notified by AMFI/AMC from time to time, allowed to sell units of simple and performing mutual fund schemes”.
Exam Duration – 120min
Negative Marking – No (50Q-1mark each)
Passing Score – 50%
Exam Fee – Rs.1200/-
Click here to download the NISM-Series V-B: Mutual Fund Foundation Certification Examination workbook for free.
Note – Remaining 15 Modules will be covered in our next post series.
To elevate your career into the domain of Indian Financial Market, you should enrol in the NISM Certification Online Course today.
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