Are you planning to take the NISM exam for the first time or looking to add NISM certifications to your CV?
If yes, then this guide will help you understand the importance of these certifications and how they can boost your career in the Indian securities market, commonly known as the stock market.
What is NISM?
NISM (National Institute of Securities Markets) is SEBI’s educational arm. SEBI, being the market regulator, has made certain NISM certifications mandatory for professionals working in specific financial roles. If you want to work in the financial market, having NISM certifications will give you an edge.
Why Should You Take NISM Certifications?
- Mandatory for Certain Jobs: Some roles require specific NISM certifications to operate legally.
- Enhances Your Resume: Having 3-4 NISM certifications adds great value to your CV.
- Comprehensive Knowledge: Helps in understanding securities markets, mutual funds, derivatives, etc.
Opportunities in SEBI-registered Intermediaries:
There are over 30 SEBI intermediaries in the market, including stock brokers, mutual fund distributors, research analysts, investment advisors, and merchant bankers. Many of these entities require employees to hold NISM certifications.
Which NISM Certification to Take First?
If you are unsure which certification to start with, here’s a recommended path:
1. Securities Market Foundation (Series XII)
Covers financial concepts related to the securities market, primary and secondary markets, mutual funds, derivatives, and regulations.
It is not a mandatory certification but builds a strong foundation.
2. Mutual Fund Distributors (Series VA)
This is a mandatory certification if you want to work as a mutual fund distributor, either as an individual or an employee in a bank, stockbroker firm, or mutual fund house.
Growth in NISM Certification Enrollments
According to the latest NISM Annual Report, the number of candidates taking NISM exams has significantly increased:
This shows a 12% growth in NISM exam takers, highlighting its increasing importance among professionals. Even students should take these certifications seriously as they provide an early advantage in financial market careers.
Career Opportunities After NISM Certifications
NISM certifications open doors to multiple career options in financial markets, including:
Stock Broker
Mutual Fund Distributor
Investment Advisor
Research Analyst
Merchant Banker
Registrar and Transfer Agent
Banks and NBFCs
Many financial firms prefer candidates with NISM certifications as these exams ensure practical and regulatory knowledge in the field.
NISM Exam Fees
Most NISM certification exam fees are ₹1,500, while four exams have fees of ₹3,000. This makes NISM certifications one of the most affordable and valuable professional qualifications in India.
How to Register for NISM?
Registration for NISM exams is free of cost. If you need help with the registration process, you can watch our tutorial video.
For any queries, you can also contact our student coordinator, Mr. Shreyas: 9503359949
Final Words
If you are a graduate or planning to build a career in financial markets, NISM certifications are a must. They are affordable, valuable, and sometimes mandatory. Start with the right certification and build a strong foundation for your future in the securities market!
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