NISM (Nationwide Institute of Securities Markets) was established by SEBI (Securities and Alternate Board of India). This was pursuant to the announcement made by India’s Finance Minister throughout his finances speech on February 2005. The will by the federal government of India to advertise securities market analysis and training was articulated by SEBI after they determined to determine NISM.
NISM has commenced an effort to ship securities and monetary training throughout varied segments and at completely different ranges overseas and in India. Six distinct faculties have been established by NISM with the hope of implementing its targets of catering for instructional wants of varied constituencies akin to future professionals of securities, academia, coverage makers, regulatory employees, intermediaries, issuers and investor. With a view to make sure information ranges of securities’ business individuals are enhanced, varied publications on securities markets have been introduced out by NISM.
The identical group has been given the mandate to implement and develop certification exams for professionals who’re employed in varied sections of the Indian securities markets. These examinations will differ and certifications might be given to candidates who’ve efficiently accomplished and handed an examination. The exams are 14 in complete, with some segments having a couple of examination. To have an understanding about these exams, it will be prudent to have some info on a number of of them.
The primary examination is known as NISM collection I – forex derivatives certification examination. It’s designed to create a typical minimal information benchmark for people who find themselves working within the forex derivatives market part. It’ll allow a greater understanding of change traded forex and forex markets derivatives merchandise. It’ll additionally enable for a greater understanding of danger controls, operational course of and higher high quality investor service.
The charges for the examination will differ in response to the citizenship of the candidate (resident or non-resident). The variety of questions for this explicit paper is 100. Every candidate might be given 120 minutes to take a seat for the paper and they’re anticipated to have at the least 60% with a view to cross the examination. The certificates has a validity of three years after which the candidate will re-sit the examination with a view to get re-certification and information on any new methods that will have been found.
NISM collection V A – Examination for mutual fund distributors is one other sort of examination offered. It has been designed with the intent of making a typical minimal information benchmark for any particular person concerned in distributing and promoting mutual funds. They embody staff of asset administration corporations particularly people who find themselves engaged in distribution and gross sales of mutual funds, staff of organizations engaged in distribution and gross sales of mutual funds and particular person mutual fund distributors. The certification goals to enhance the standard of distribution, gross sales and some other associated assist companies discovered within the mutual fund business.
The price of the module will differ with citizenship. Nonetheless, the check period and variety of questions are 120 and 100 minutes respectively. The cross mark is 50% with the utmost marks being 100 and the validity of the certificates being 3 years.
From this info, it’s fairly evident to see that the examinations all have 100 questions, 100 doable marks and 120 minutes because the period of the examination. The fee and the cross mark for every will differ. Which means that any particular person who has a number of certifications from NISM might be thought-about extremely certified of their subject of experience. Consequently, discovering employment or contracts might be simpler for them.