NISM certificates are mandatory for Financial Services Job
NISM Series I : Currency Derivatives
Currency Derivative dealers need to clear this certification. No dealer terminal issued without certification. Exchanges have a clear policy to allot dealer terminal only for those who have cleared the required Series I certification. This certificate is valid for three years only. After that you have to re validate by clearing the qualifying exam else need to appear CPE program before expiry.Once certificate expired you have to clear the examination.
Validity is three months for this certificate. After expiry need to re validate by clearing exam else participate in CPE program before expiry.
NISM Series II-A & B (MF): Registrar to an issue and Share Transfer Agent
Share transfer agent need to qualify this certification. Those who are involve in registration process of any company's share transfer must clear this certification. Validity is three months for this certificate. After expiry need to re validate by clearing exam else participate in CPE program before expiry.
Validity is three months for this certificate. After expiry need to re validate by clearing exam else participate in CPE program before expiry.
NISM Series III A&B : Compliance Certification (Intermediaries and Issuers)
Every Intermediary like Stock Broker,Merchant Banker,Portfolio Manager, Investment Advisor, Share Transfer Agent,Registrar,Depositories ,Custodian and Issuing Companies are few of intermediaries who needs to appoint NISM certified Compliance Officer.
Validity is three months for this certificate. After expiry need to re validate by clearing exam else participate in CPE program before expiry.
Job Option: Every intermediary needs NISM certified compliance officer.
NISM Series IV : Interest rate derivatives Certification
Those stock broker offering services in interest rate derivatives to their clients need a dealer terminal operated by NISM certified professional. As the clients are few for this segment hence most of stock brokers does not offer this service.
Validity is three months for this certificate. After expiry need to re validate by clearing exam else participate in CPE program before expiry.
Job Option : Few big corporate stock brokers.
NISM Series V (A B & C): Mutual Fund Distributor,Foundation and Level 2 Certification
Those who are involve in Mutual Fund distribution, sales need to qualify this certification.Mutual fund investment are the essential part of Financial planning hence this industry needs huge certified professionals. You can start your own entrepreneurship of mutual fund distribution business. After clearing NISM Series V-A get ARN number from AMFI to start your own business.
Validity is three months for this certificate. After expiry need to re validate by clearing exam else participate in CPE program before expiry.
Job Option: All distributors of asset management companies like HDFC MF, ICICI MF, KOTAK MF etc.
NISM Series VI : Depository Operation Certification
Depository service is as good as banking service. Banks keep custody of depositors fund similarly depository keeps custody of investors securities. Hence operators of depository must have NISM qualified personal.
Validity is three months for this certificate. After expiry need to re validate by clearing exam else participate in CPE program before expiry.
Job Option : Most of all banking and non banking companies are providing depository services. Hence job opportunity in this profiles are huge.
NISM Series VII : Securities Operation and Risk Management Certification
All dealers in equity segment needs to qualify this series. This series is considered to be one of the easy certification.
Validity is three months for this certificate. After expiry need to re validate by clearing exam else participate in CPE program before expiry.
Job Option: All brokers like ICICI Securities, HDFC Securities and others , the employee of sub-brokers.
NISM Series VIII : Equity Derivatives Certification
This is one of the important certification to start your career in Financial Market. Every broker first require this certificate to qualify the interview rest of other certification may need to clear after joining.
Validity is three months for this certificate. After expiry need to re validate by clearing exam else participate in CPE program before expiry.
Job Option: All brokers like ICICI Securities, HDFC Securities and others , the employee of sub-brokers.
NISM Series X-A&B : Investment Adviser Level -I and II
All those who are involve in investment advisory must have NISM certificate series X. Every financial services company specially broking company providing investment advisory to its clients.
Validity is three months for this certificate. After expiry need to re validate by clearing exam else participate in CPE program before expiry.
Job Option: All brokers like ICICI Securities, HDFC Securities and others , the employee of sub-brokers.
All personal who are involve in selling securities market products need to clear this certificate. Broking companies provide employment only to the certificate holder.
Validity is three months for this certificate. After expiry need to re validate by clearing exam else participate in CPE program before expiry.
Job Option: All brokers like ICICI Securities, HDFC Securities and others , the employee of sub-brokers.
NISM Series XII :Securities Market Foundation Certification
This is voluntary examination.No organisation need this certification. Anybody can attempt this to evaluate his/her basic understanding about Indian securities Markets. Students,homemakers, teachers and other entry level professionals of securities market can write this exam.
Job Option: No jobs provided on the basis of this certificate.
NISM Series XIII : Common Derivatives Certification
This certification required for dealers of stock broking firm who are dealing clients for both equity and currency derivatives simultaneously. You can clear either NISM Series I and Series VIII to work as dealer for Currency and Equity Derivatives or only Series XIII.
Validity is three months for this certificate. After expiry need to re validate by clearing exam else participate in CPE program before expiry.
Job Option : All stock brokers need NISM certified professionals.
NISM Series XIV : Internal Auditor Stock Brokers Certifications
This certification aims to provide common minimum knowledge of securities market operation for chartered accountant, company secretary and others who are involve in internal audit of the Operations of stock Brokers/Clearing Members.
Validity is three months for this certificate. After expiry need to re validate by clearing exam else participate in CPE program before expiry.
Job Option : All stock brokers clearing members need NISM certified professionals.
NISM Series XV : Research Analyst Certification
Most of all stock brokers also the provider of research and analysis services to their customer. Every analyst must have NISM certified to work for this profile.
Validity is three months for this certificate. After expiry need to re validate by clearing exam else participate in CPE program before expiry.
Job Option : Apart from stock brokers independent research houses needs certified professionals to provide research report to their clients.
NISM Series XVI: Commodity Derivatives Certification
All member of commodity exchange need certified dealer to operate their terminal for client servicing. Almost all member of stock exchanges are also the member of commodity exchange through their subsidiary.
Validity is three months for this certificate. After expiry need to re validate by clearing exam else participate in CPE program before expiry.
Job Option : Those companies offering stock broking services also offer commodity broking service through their group companies. Hence plenty of job opportunity available for the certificate holder.
All the above mentioned examination will be of 100 marks consisting 100 question of one mark each in MCQ type to be completed in two hours.Passing score for the online examination is 50%.
Thank you for reading my post. Kindly share this post to someone who need it. Share comment if you want any specific article.
