NiSM Certification

by | May 17, 2023 | Certification, Interview

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Introduction of NiSM Certification

The National Institute of Securities Markets, often known as NiSM, is a public trust founded by SEBI to support research and teaching in the securities markets. For anyone looking to enter the securities market business or advance their current abilities, NiSM has created various certification programs. The NiSM certification programs are designed to provide people with the information and abilities they need to succeed in various positions in the securities market sector. The Certification in Securities Markets (CSM), an introductory course that includes subjects including equities markets, debt markets, derivatives markets, and mutual funds, is one of the most well-known NiSM certificates.

The Investment Adviser Level 1 (IA Level 1) certification, intended for people who want to work as wealth managers or investment advisers, is another well-known NiSM credential. Investment products, risk management, financial planning, and ethical and legal issues are just a few subjects covered in the IA Level 1 course. SEBI recognizes the NiSM qualifications and industry experts hold them in high respect. They show a person’s dedication to professional growth and thorough knowledge of the securities market sector. A NiSM certification can improve employment prospects and raise income possibilities. The NiSM certification programs are an excellent approach for people to learn the skills and information required to thrive in India’s securities market business.

What is NiSM Certification?

The National Institute of Securities Markets in India offers several certification programs under the umbrella of NiSM. The learning courses are for students to get the information and abilities they need to succeed in various positions in the securities market sector. The Certification in Securities Markets (CSM), an introductory course that includes subjects including equities markets, debt markets, derivatives markets, and mutual funds, is one of several types of NiSM certificates. The Investment Adviser Level 1 (IA Level 1) certification, intended for people who want to work as investment advisers or wealth managers, and the Mutual Fund Distributors Certification (MFDC), designed for people who want to work as mutual fund distributors, are two other well-known NiSM credentials.

SEBI recognizes NiSM certificates and industry experts hold them in high respect. They show a person’s dedication to professional growth and thorough knowledge of the securities market sector. A NiSM certification can improve employment prospects and raise earning potential in the securities market.

Types of NiSM Certification?

NiSM (National Institute of Securities Markets) provides many certification programs for those looking to begin their professions in the securities market business. Industry experts highly esteem these certificates, which the SEBI accepts. A few of the well-known NiSM certifications are listed below:

  • Certification in Securities Markets (CSM): This core course, Certification in Securities Markets (CSM), covers the fundamentals of the securities markets. It includes subjects including equities markets, debt markets, derivatives markets, and mutual funds and intends for people new to the securities market sector.
  • Investment Adviser Level 1 (IA Level 1): This qualification intends for people who want to work as wealth managers or investment advisers. Investment products, risk management, financial planning, and ethical and legal issues are just a few subjects covered in the IA Level 1 course.
  • Mutual Fund Distributors Certification (MFDC): This qualification, known as the Mutual Fund Distributors qualification (MFDC), is for those who want to sell mutual funds. The MFDC course includes the fundamentals of mutual funds, mutual fund distribution, and the regulatory environment.
  • Certification in Securities Operations and Risk Management (SORM): People in risk management or securities operations should pursue this certification. Risk management, regulatory framework, and settlement and clearing procedures are some subjects covered in the SORM course.
  • Compliance Certification (CC): The Compliance Certification (CC) intends for people with compliance-related positions in the securities market. The CC course includes the regulatory environment, compliance framework, and ethical aspects.
  • Research Analyst Certification (RAC): The Research Analyst Certification (RAC) is a credential for people who want to work as research analysts. Topics, including fundamental analysis, technical analysis, and valuation strategies, are covered in the RAC course.
  • Equity Derivatives Certification (EDC): This qualification, called the Equity Derivatives Qualification (EDC), is intended for people who want to specialize in equity derivatives. Options, futures, and other derivative products are only a few subjects covered in the EDC course.

NiSM certificates are an excellent approach for people to get the skills and information required to thrive in the Indian securities market. Professionals in the business hold these qualifications in high respect, and SEBI recognizes them. A NiSM certification can improve employment prospects and raise income possibilities.

How to get NiSM Certification?

People must complete a few steps to obtain a NiSM certification. Here is a description of the procedure:

  • Determining the Certification: People must first choose the NiSM certification they want to pursue, depending on their interests and professional aspirations.
  • Meet Eligibility Requirements: Each certification has specific eligibility requirements that applicants must satisfy. These requirements often include age restrictions, job requirements, and educational requirements.
  • Register for the Exam: Once a person satisfies the requirements for eligibility, they may register for the NiSM certification exam. Both authorized exam centers and the NiSM website accept online registration.

  • Study for the Exam: NiSM offers study materials, such as online modules and practices practice examinations, to assist people in getting ready for the certification exam. Before the test, it advises that people thoroughly review the reading material and practice questions.
  • Schedule the Exam: People can arrange the certification exam online at an approved testing facility or on the NiSM website after studying.
  • Take the Exam: Participants should show up at the exam site on the exam day with a valid ID and their admission card. The test is often computer-based and is made up of multiple-choice questions.
  • Get Your Certificate and Results: After passing the test, candidates can check their scores on the NiSM website or at accredited testing facilities. They will get a certificate from NiSM if they succeed.

NiSM certificates must be renewed by passing further examinations or attending extra courses after their initial validity term. Restoring is a crucial fact to keep in mind. In conclusion, gaining a NiSM certification can improve employment prospects and raise earning potential in India’s securities market.

How Much Does NiSM Certification Cost?

The cost of NiSM (National Institute of Securities Markets) certification varies depending on the certification program. Here is an overview of the fees for some of the popular NiSM certifications:

  • Certification in Securities Markets (CSM): The cost of the CSM certification is currently INR 1500 for Indian residents and USD 100 for non-residents.
  • Investment Adviser Level 1 (IA Level 1): The IA Level 1 certification cost is currently INR 3000 for Indian residents and USD 200 for non-residents.
  • Mutual Fund Distributors Certification (MFDC): The fee of the Mutual Fund Distributors Certification (MFDC) is INR 1500 for Indian citizens and USD 100 for non-citizens.
  • Securities Operations and Risk Management Certification (SORM): The cost of the Securities Operations and Risk Management Certification (SORM) is INR 1500 for Indian citizens and USD 100 for non-citizens.
  • Compliance Certification (CC): The Compliance Certification (CC) costs INR 3000 for Indian citizens and USD 200 for non-citizens.
  • Research Analyst Certification (RAC): The price of the Research Analyst Certification (RAC) is presently INR 4500 for Indian citizens and USD 300 for non-citizens.
  • Equity Derivatives Certification (EDC): The fee of the Equity Derivatives Certification (EDC) is presently INR 3000 for Indian citizens and USD 200 for non-citizens.

It is essential to remember that these costs might vary. Therefore people should check the NiSM website to confirm the most recent charges. Individuals may also have to pay for study materials, exam registration, and exam center expenses in addition to the certification fees.

However, NiSM provides study material and resources at no extra cost, and exam center fees are generally reasonable.

In conclusion, NiSM certification costs vary depending on the certification program, with fees ranging from INR 1500 to INR 4500 for Indian residents and USD 100 to USD 300 for non-residents. Individuals should confirm the current prices and budget for additional study materials and exam registration costs.

Benefits of NiSM Certification

NiSM (National Institute of Securities Markets) certification offers a range of benefits to individuals seeking to advance their careers in the securities market industry in India.

  1. Enhanced Career Opportunities: NiSM certification is recognized by leading financial institutions, including banks, brokerage firms, and asset management companies.
  2. Increased Earning Potential: NiSM certification can lead to higher salaries and better job opportunities in the securities market. Certified individuals can also negotiate better compensation packages, bonuses, and incentives.
  3. Knowledge Abundance: The NiSM certification covers various subjects, including security, market operations, investment analysis, and risk management. After completing the program, participants gain a comprehensive understanding of the securities market and the abilities necessary for success in the field.
  4. Professional Development: NiSM certification is a worthwhile investment in professional growth. A network of industry experts and resources are available to certified persons, enabling them to keep up with the securities market.
  5. Industry Recognition: NiSM certification is recognized by regulatory authorities, including the Securities and Exchange Board of India (SEBI), and is considered a benchmark for professional excellence in the securities market industry.
  6. Personal Growth: NiSM certification programs enhance technical knowledge and help individuals develop essential soft skills such as communication, teamwork, and leadership. These skills are valuable not only in the securities market industry but also in other fields.
  7. Continuing Education: NiSM offers continuing education programs and resources to help individuals stay up-to-date with the latest developments in the securities market industry. Certified individuals can use these programs to further their knowledge and skills and enhance their professional growth.

In conclusion, obtaining a NiSM certification offers a range of benefits to individuals seeking to advance their careers in the securities market industry. It can lead to enhanced career opportunities, increased earning potential, comprehensive knowledge, professional development, industry recognition, personal growth, and access to continuing education programs and resources. NiSM certification is a valuable investment in professional development and can help individuals achieve their career goals in the securities market industry in India.

NiSM Certification Education Partners

NiSM has partnered with several educational institutions and organizations to provide training and certification programs to individuals seeking to enhance their skills and knowledge in the securities market industry. Here are some of NiSM’s education partners:

  1. NSE Academy: NSE Academy is one of NiSM’s education partners. It offers various certification programs in collaboration with NiSM, including Certification in Securities Markets (CSM), Investment Adviser Level 1 (IA Level 1), and Mutual Funds Distributors Certification (MFDC).
  2. BSE Institute Limited: BSE Institute Limited is the education and training arm of the Bombay Stock Exchange (BSE) and is another education partner of NiSM. It offers several certification programs, including Securities Operations and Risk Management Certification (SORM) and Compliance Certification (CC).
  3. IIBF: IIBF is a professional body established by the Reserve Bank of India to provide education and training in the banking and finance sector. It has collaborated with NiSM to offer various certification programs, including Research Analyst Certification (RAC) and Equity Derivatives Certification (EDC).
  4. ICSI: ICSI is a professional body that promotes the study and practice of company secretaries in India. It has collaborated with NiSM to offer certification programs in securities law and capital market operations.
  5. ICAI: ICAI is a professional body that regulates the chartered accountancy profession in India. It offers various certification programs in collaboration with NiSM, including Investment Adviser Level 2 (IA Level 2) and Portfolio Management Services (PMS).
  6. Indian Institute of Capital Markets (IICM): IICM is an autonomous educational institution offering post-graduate securities market and financial services management programs. It has collaborated with NiSM to provide certification programs in securities market operations and investment management.

In conclusion, NiSM has collaborated with several educational institutions and organizations to provide training and certification programs to individuals seeking to enhance their skills and knowledge in the securities market. NiSM’s education partners include NSE Academy, BSE Institute Limited, IIBF, ICSI, ICAI, and IICM. These partnerships offer individuals various certification programs and resources to help them achieve their professional goals in the securities market.

How to Prepare for NiSM Certification

Preparing for the NiSM (National Institute of Securities Markets) certification exams requires a combination of technical knowledge and practical experience in the securities market industry.

1. Understand the Exam Syllabus: The first step in preparing for NiSM certification exams is understanding the syllabus and the topics covered. The syllabus for each certification program is available on the NiSM website. Understanding the exam syllabus can help individuals focus their study efforts on the most critical topics.

2. Enroll in a Certification Program: NiSM offers several certification programs with its education partners. Enrolling in a certification program can provide individuals with structured study materials, classroom lectures, and access to industry experts. NiSM also offers online courses and mock tests to help individuals prepare for certification exams.

3. Study Material: NiSM offers study materials such as books and online study materials to prepare for the exam. Individuals can also refer to textbooks, industry publications, and online resources to supplement their knowledge. Understanding the concepts and principles of securities market operations, investment analysis, and risk management is essential for success in NiSM certification exams.

4. Practice: Practicing mock tests and sample questions can help individuals identify areas where they need to improve their knowledge and skills. NiSM provides mock tests on its website, which test one’s preparation and readiness for the exam.

5. Time Management: Time management is crucial in the NiSM certification exams. Individuals should practice solving questions within the allotted time to avoid wasting time during the exam. They should also allocate time based on the weightage of each topic.

In conclusion, preparing for the NiSM certification exams requires a combination of technical knowledge, practical experience, and structured study materials. With dedication, focus, and consistent effort, individuals can increase their chances of success in the NiSM certification exams and advance their careers in the securities market.

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  • Jessica

    Jessica is a computer science developer with 5+ years of experience in C, C++, JavaScript frameworks and SAP.