NISM/NCFM Certification

NISM/NCFM Certification

The School for Certification of Intermediaries (SCI) at NISM is engaged in developing certification examinations for professionals employed in various segments of the Indian securities markets. These examinations are being developed by NISM as mandated under SEBI (Certification of Associated Persons in the Securities Markets) Regulation, 2007.

   

    INTRODUCTION
    The examination seeks to create a common minimum knowledge benchmark for all persons involved in selling and distributing mutual funds including Individual Mutual Fund DistributorsEmployees of organizations engaged in sales and distribution of Mutual FundsEmployees of Asset Management Companies specially persons engaged in sales and distribution of Mutual FundsThe certification aims to enhance the quality of sales, distribution and related support services in the mutual fund industry. 
    CURRICULUM
    Chapter 1. Concepts and Role Of Mutual Funds
    Chapter 2. Fund Structure and Constituents
    Chapter 3. Legal and Regulatory Enviroment
    Chapter 4. Offer Document
    Chapter 5. Fund Distribution and Sales Practises
    Chapter 6. Accounting, Taxation and Valuation
    Chapter 7. Investor Services
    Chapter 8. Risk, Return and Performance of Funds
    Chapter 9. Scheme Selection
    Chapter 10. Selecting the Right Investment Products for Investors
    Chapter 11. Helping Investor with Financial Planning
    Chapter 12. Recommending Model Portfolios anf Financial Plans
    ASSESMENT STRUCTURE & CERTIFICATE VALIDITY
    The examination consists of 100 questions of 1 mark each and should be completed in 2 hours. The passing score for the examination is 50. There shall be no negative marking and the certificate is valid for 3 Years.

    INTRODUCTION
    • The examination seeks to create a common minimum knowledge benchmark for all associated persons registered as an investment adviser and partners and representatives of investment advisers under SEBI (Investment Advisers) Regulations, 2013 and offering investment advisory services.
    • NISM-Series-X-A Investment Adviser (Level 1) Certification Examination is the level 1 examination. An associated person shall be required to pass both the levels (i.e. NISM-Series-X-A Investment Adviser (Level 1) Certification Examination and NISM-Series-X-B Investment Adviser (Level 2) Certification Examination) tofulfill the requirements under Regulation 7(2) of the SEBI (Investment Advisers) Regulations, 2013.
    • The certification aims to enhance the quality of investment advisory and related services in the financial services industry.
    CURRICULUM
    Chapter 1: Introduction to Indian Financial Market
    Chapter 2: Securities Market and Segment
    Chapter 3: Mutual Funds
    Chapter 4: Investment Products
    Chapter 5. Managing Investment Risk
    Chapter 6. Measuring Investment Returns
    Chapter 7. Concept of Financial Planning
    Chapter 8. Asset Allocation and Investment Strategies
    Chapter 9. Insurance Planning
    Chapter 10. Retirement Planning
    Chapter 11. Tax and Estate Planning
    Chapter 12. Regulatory Environment and Ethical Issues
    ASSESMENT STRUCTURE & CERTIFICATE VALIDITY
    The examination consists of 100 questions of 1 mark each and should be completed in 2 hours. The passing score for the examination is 60%. There shall be negative marking of 25% of the marks assigned to a question for each wrong answer and the certicate is valid for 3 Years

     

    INTRODUCTION
    • NISM-Series-X-B Investment Adviser (Level 2) Certification Examination along with the NISM-Series-X-A Investment Adviser (Level 1) Certification Examination seeks to create a common minimum knowledge benchmark for all associated persons registered as an investment adviser and partners and representatives of investment advisers under SEBI (Investment Advisers) Regulations, 2013 and offering investment advisory services.
    • An associated person shall be required to pass both the levels (i.e. NISM-Series-X-A Investment Adviser (Level 1) Certification Examination and NISM-Series-X-B Investment Adviser (Level 2) Certification Examination) tofulfill the requirements under Regulation 7(2) of the SEBI (Investment Advisers) Regulations, 2013.
    • The certification aims to enhance the quality of investment advisory and related services in the financial services industry
    CURRICULUM
    Chapter 1: Understanding Securities Markets and Performance
    Chapter 2: Knowing Operational Aspects of Fianncial Transactions
    Chapter 3: Personal Financial Planning
    Chapter 4: Comprehensive Financial Planning
    Chapter 5: Product Analysis and Selection
    Chapter 6: Regulatory and Compliance Aspects
    Chapter 7: Case Studies in Comprehensive Financial Advice
    ASSESMENT STRUCTURE & CERTIFICATE VALIDITY
    The examination consists of 8 caselets with 4 multiple choice questions of 2 marks each per caselet and 36 multiple choice questions of 1 mark each adding up to 100 marks. The examination should be completed in 2 hours. There is negative marking of 25% of the marks assigned to a question. The passing score for the examination is 60 marks and the certicate is valid for 3 years

    INTRODUCTION
    • The examination seeks to create a common minimum knowledge benchmark for all associated persons registered as research analyst under SEBI (Research Analyst) Regulations, 2014, individuals employed as research analyst and partners of a research analyst, engaged in preparation and or publication of research report or research analysis.
    • An associated person shall be required to pass the NISM-Series-XV Research Analyst Certification Examination to fulfill the requirements specified under Regulation 7(2) of the SEBI (Research Analysts) Regulations, 2014.
    • The certification aims to enhance the quality of services provided by research analyst in the financial services industry.
    CURRICULUM
    Chapter 1: Introduction to Research Analyst Certification
    Chapter 2: Introduction to Securities Market
    Chapter 3: Terminology in Equity and Debt Markets
    Chapter 4: Fundamentals of Research
    Chapter 5: Economic Analysis
    Chapter 6: Industry Analysis
    Chapter 7: Company Analysis - Qualititaive Dimensions
    Chapter 8: Company Analysis - Quantitative Dimensions
    Chapter 9: Corporate Actions
    Chapter 10: Valuation Principles
    Chapter 11: Fundamentals of Risk and Return
    Chapter 12: Qualitites of Good Research Report
    Chapter 13: Legal and Regulatory Environment
    ASSESMENT STRUCTURE & CERTIFICATE VALIDITY
    The examination consists of 100 questions of 1 mark each and should be completed in 2 hours. The passing score for the examination is 60%. There shall be negative marking of 25% of the marks assigned to a question for each wrong answer and the certificate is valid for 3 years