What is NISM Certification - Courses, Login, Download, Fees, & Eligibility

The NISM course is quite useful for anyone interested in pursuing a career in the stock markets. The National Institute of Securities Market (NISM) is the educational wing of the Securities Exchange Board of India (SEBI). NISM was established in 2006. The institute offers an extensive range of certification courses. 

Keep reading this post to learn more about NISM certification. 

NISM Certification - Understanding the Concept

So, what is a NISM Certification? NISM offers certification programs in several courses. For example, you can choose from merchant banking certification, investment advisor, derivative certification, and much more. Presently, the institute operates six schools and strives to provide market players with good credentials. 

The NISM certification helps students learn the professionalism and standardization related to the Indian and global securities market. The NISM certification is open to all, including all educational backgrounds. Professionals, students, and aspirants can consider acquiring a NISM certification. 

The goal of the NISM certification program is to equip professionals with the absolute level of common knowledge to understand different critical market functions. The exams for NISM certifications and educational programs have been made available for different intermediary divisions. They typically focus on different product lines and functional areas. 

The certification program has set benchmarks in different areas, including mutual funds, operations, research, derivatives, compliance, advisory, and so on. 

What Are the Eligibility Criteria for a NISM Certification?

NISM wants to educate everyone in the stock market space about the crucial details of the field. Anyone interested in learning about how the Indian securities market functions, may take the course. There are just a few specific eligibility terms to take the certification. Anyone above 18 years of age is eligible for the certification. However, there is no prerequisite educational qualification criteria to take the exam. 

Why Should You Consider the NISM Exams?

NISM certification offers a number of lucrative advantages. For instance, after taking this course, you may launch your career in finance. The certification has significant value and authenticity. Most importantly, acquiring the NISM certification makes you NISM accredited. Consequently, you earn the permit to trade in mutual funds. 

Check the following section to learn about the detailed benefits offered by the NISM certification. 

Extensive Knowledge of Risk Management 

Stock and securities markets inevitably involve risks. To become a steady player in this volatile market, it’s crucial to understand and identify the risks. The NISM certification helps you learn how to evaluate and manage risks. Consequently, you can manage investor complaints more efficiently and establish yourself as an authentic professional. 

Market Knowledge 

The stock market is diverse. There are numerous aspects to explore and learn about. This complex and vast nature of the market calls for enhanced clarity. By leveraging the NISM certification course, you can know about a detailed introduction to the market. Further, you can also learn about its legal and financial aspects. The course gives you access to good resources, which helps you make transparent and rational selections. 

Fantastic Income Opportunity 

The NISM certification also makes you eligible to earn major incentives. Various stock companies and big-level investors seek professionals with NISM certification to handle their share and stock-related transactions and decisions. 

By leveraging this opportunity, you can build a strong foundation for a promising career in the stock market space. You may also start your own stock trading or advisory business to create earning opportunities. 

Enhanced Social Status

An authentic certification adds to your portfolio. It proves your educational edibility. Given this, your NISM certificate can increase your professional potential. This further lets you earn more monetarily and acquire decent respect in society. 

The NISM accreditation makes you different from random brokers who get the job with only the help of their gut feeling. You instead are now equipped with true knowledge. So, you deserve a rewarding career. This confidence may help you open several doors of further good opportunities. 

How to Register?

The NISM certification examinations take place in 150+ cities in India. The institute has a vast network of test administrators. To take the exam, you can consider following the given process. 

Start with creating a NISM certification login. To do so, you will have to visit https://certifications.nism.ac.in/. To complete the registration, you will have to upload your personal details and ID proof. You can also use this site for the NISM certification download, after you’ve successfully completed it.

• Once your account is created, it’s time to activate it. You will receive the activation link on your registered email-id. Usually, the activation and verification process takes up to 72 hours.
• Once your account is verified, log in to the portal with your registered email-id and password, and then click on the enrolment dropdown. From the dropdown, select enrol for examination.
• You can now view a full list of exams along with the city, test centres, dates, and slots. Select the options as per your preference and convenience. Then, proceed to payment. 
• Once the payment is made, your admit card will be generated. Download the card, as you will have to furnish it at the test centre.
• You are all done! Visit your selected test centre and don’t forget to carry a government-issued identity proof (PAN/Aadhar/Driving licence/Passport). 

NISM Certification - Courses to Choose From

NISM has introduced a wide range of themes, and divided them into brief modules. Some of those modules may have sub-modules. You can check NISM’s official website to access the full list of subjects. The following is a quick update of modules you can choose from depending on your goal. 

Series 1 - Currency Derivatives

As the name suggests, this is for aspirants who want to gain knowledge about currency market basics and exchange-traded currency derivatives. This module will help you develop a career in Forex and international trade-related activities. 

Series 2 - Registrars to an Issue and Share Transfer Agents

This exam is for anyone who wants to work with registrars and transfer agents. This course may help you learn the specifics of an RTA business. 

Series 3 - Securities Intermediaries Compliance

This module has two submodules - A and B. Exam 3A is mandatory, while exam 3B is voluntary. Exam 3A includes non-fund compliance for intermediaries, and exam 3B deals with the must-adhere compliance for compliance officers. 

Series 4 - Interest Rate Derivatives

This module is ideal for traders who deal with fixed-income securities. The course helps you learn about fixed-income securities and interest-rate derivatives. 

Series 5 - Mutual Funds

Ideal for mutual fund distributors and agents, this exam helps you learn about the necessary details for mutual funds management.

Series 6 - Depositary Operations

This is a mandatory certification for depository participants.

Series 7 - Security Operations and Risk Management

Ideal for beginners, this exam helps you learn about stock broking, settlement, clearing, etc. 

Besides the ones mentioned above, there are merchant banking, investment advisor, securities market foundation, common derivatives, internal auditors, research analysts, commodity derivatives, retirement advisors, and financial education and alternative investment fund certification available. You may refer to the official NISM website for more details. 

Conclusion - How to Choose the Right NISM Certification

The NISM certification helps you gain knowledge and establish yourself as an authentic professional in the Indian share market. But, when it comes down to choosing the right module, things may look a little confusing as there are several choices available. 

Ideally, you should begin with a mutual fund distribution certification examination as it allows you to step into the stock market world as a mutual fund selling agent or an equity dealer. However, if you already have advanced skills, you may want to opt for other professional courses so that you’re equipped to handle more elaborate responsibilities. 

Disclaimer

The investment options and stocks mentioned here are not recommendations. Please go through your own due diligence and conduct thorough research before investing. Investment in the securities market is subject to market risks. Please read the Risk Disclosure documents carefully before investing. Past performance of instruments/securities does not indicate their future performance. Due to the price fluctuation risk and the market risk, there is no guarantee that your personal investment objectives will be achieved.