NISM Exam 2024: Eligibility, Syllabus, and Exam Pattern

NISM Exam 2024: Eligibility, Syllabus, and Exam Pattern

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Jaya Sharma
Assistant Manager - Content
Updated on Jan 9, 2024 16:45 IST

NISM exam is conducted for different certifications in mutual funds, derivatives, investment advisors, securities market, merchant banking etc. These exams can be taken by anyone above 18 years of age to verify their financial expertise related to security markets.


Table of Contents

About NISM Exam

The National Institute of Securities Markets (NISM) exam is conducted by security market participants and intermediates that are mandated by the Securities and Exchange Board of India. The School of Certification of Intermediaries develops certification examinations for NISM. The NISM examinations as mandated by SEBI regulations, 2007. These tests are delivered through test administrators across 150 Indian cities. Some of the NISM certification exams are also available via Remote Proctored Mode.

Explore NISM certificate courses

Exam Pattern

  • Time duration: 2 hours. 
  • Negative marking: ¼ or 25% of the marks assigned to a question
  • No negative marking: NISM-Series-V-A, NISM Series XII, and NISM-Series-V-B certification examination 

NISM Exam Syllabus

Each NISM course has a different examination syllabus that NISM has elaborately provided on its website. To check the detailed NISM certificate course syllabus, navigate in the following manner.

  1. Visit the official NISM website.
  2. Click on the ‘Certifications’ link provided in the blue banner.
  3. Now, click on ‘Certification Examinations’.
  4. Here, all certifications will be listed. Click on the desired certification to view the detailed syllabus of the exam (as shown in the above image). One such syllabus can be viewed on

Marking Scheme

Certificate Total Questions Total Marks
NISM-Series-I 100 100 (1 mark per question)
NISM-Series-II-A 100 100 (1 mark per question)
NISM-Series-II-B 100 100 (1 mark per question)
NISM-Series-V-B 50 50 (1 mark per question)
NISM-Series-V-C 75 MCQs (50 MCQ consisting of 1 mark each and 25 MCQs consisting of 2 marks each) 100 (1 mark per question)
NISM-Series-VI 100 100  (1 mark per question)
NISM-Series-X-A 135 questions ( 90 MCQs + 45 case-based questions)  150 (60 marks for 9 case-based questions) and 90 marks for MCQs (1 mark per MCQ)
NISM Series-X-B 120 (90 MCQs + 6 cases x  5 questions per case) 150 (90 questions carrying 1 mark each and 30 case-based questions carrying 2 marks each)
NISM-Series-XIII 150  150 (1 mark per question)
NISM-Series-XX 75 100 (50 MCQs of 1 mark per question and 25 MCQs of 2 marks per question)
NISM-Series-XXI-B 135 (60 MCQs + 9 cases x 5 questions per case) 150 (60 MCQs of 1 mark each and 45 case-based questions of 2 marks each)
NISM-Series-XXII 85 MCQs 100 (70 MCQs of 1 mark each and 15 MCQs of 2 marks each)

NISM Exam Sample Questions

Click Here to check out the NISM exam sample questions

NISM Exam Schedule: NISM Exam Date 2024 and Centers

NISM exams are conducted across 150 cities in the country all around the year. NISM declares the examination dates for the coming three months. Check out the upcoming examination schedule :

NISM Examination Eligibility

The following points highlight NISM exam qualification:

  • Age limit: At least 18 years but no upper limit
  • Educational Qualification: Not specified

Schedule and Enrol for NISM Exam:

About NISM Remote Proctored Exam

NISM remote proctored exam is an online exam that can be attempted from a location other than the physical test centers. Videos are recorded and snapshots are taken during the live monitoring of the candidate during the NISM examination. This is reviewed later on during assessment. For taking this mode of NISM exam, candidates require the following:

  1. Windows OS-based laptop/ desktop 
  2. Stable internet connectivity (minimum bandwidth required: 512 kbps)
  3. Webcam and microphone

Note: NISM may stop this facility without any prior notice once deemed fit.

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NISM Exam Procedure

In this section, you will learn about the complete NISM certificate exam procedure. 

1. Registration

To sit in the NISM exam, you will have to first register through an online portal. To do so, click on the ‘related links’ tab and click on ‘Register for Certification Exam’. Here, you will have to submit your details including your email id, personal details, PAN, proof of address, contact information, and professional details.

2. Enrolment Process

After you have completed the registration process, you can choose the exam that you wish to take. You can select the testing Centre, exam date, and time slot on the NISM Online Certification System. Fill in the enrolment form and submit it. This completes the enrolment process. Do note that enrolment is only valid for 180 days. 

3. Taking NISM Certification Examination

Choose a certification as per your career choice and requirement. According to the NISM, the following details will be applicable for the year 2022. These include the maximum marks, passing marks, negative marking, fees, and NISM exam duration. 

NISM exam

4. Issuance of NISM Certificate

You will only get a soft copy of the certificate within 15 working days. No hard copy is provided. This certificate is valid for a time period of 3 years. Passing students will get one certificate per NISM exam. Only those students who have provided PAN details will be issued the certificate after the verification of the details by NISM against the Income Tax database. In case, you were unable to submit PAN details during registration, can submit the PAN details by sending a scanned image of your PAN card on the email id provided by NISM on its portal. 

Revalidation of NISM Exam Certificate

You can get your certificate revalidated 12 months before the date of expiry of the NISM certificate. The certificate is revalidated for a period of 3 years. This revalidation process can be done in one of the following two ways.

  • Get your certificate to revalidate once you successfully complete the CPE programs specified by NISM. 
  • Pass the relevant NISM exam before the expiry date of the certificate.

About CPE Programmes

  • Format: classroom
  • Duration: 1 day (approximately 6 hours)
  • Exam: at the end of the day
  • Purpose: Revalidation or issuance of a new certificate that is valid for 3 years

About eCPE Programs

  • Mode: Online with pre-recorded videos 
  • Duration: four sessions each ranging from 2-5 hours
  • Completion: Evaluation test and filling up of the feedback form.

Prerequisities for eCPE Programs

  1. Webcam and microphone enabled system with at least 8GB of RAM and i3 dual core 2.2 Ghz 5th Generation or equivalent/higher processor.
  2. Stable internet connection (minimum speed: 2 Mbps download speed)
  3. Browser requirement: Latest Google Chrome (version 80 and above) only after installing Supported browser: HirePro Remote Proctoring Chrome Extension
  4. Inaccessible through: Browsers (Firefox Mozilla, Microsoft Edge, Internet Explorer) and mobile phone.

NISM monitors the candidate’s performance during online eCPE sessions using snapshots and/or a microphone.


NISM provides free-of-cost study material within 24 hours of the completion of the enrolment process and fee payment. A hard copy of the study material is available for 250 rupees. You can buy online workbooks from the website of Taxmann Publications Private Ltd. Further, you can prepare for topics that are the part of NISM exam syllabus. 

Unlock the secrets of mutual funds with our comprehensive guide; discover information on top colleges, specialised programmes, and career prospects to excel in the world of mutual fund management.


Are NISM courses free?

No, these are not free and cost between rupees 1200 to 5900 depending on the course that you pick.

What will happen if I miss the NISM exam?

You will need to send a request to reschedule the exam within 3 days. After this period, no reschedule or refund will be provided.

Can I take the NISM exam from home?

Yes, the NISM remote proctored exam is in online mode.

How many times does NISM exam take place?

The NISM exam takes place all year long. Depending on the availability and your convenience, you can book a time slot.

About the Author
Jaya Sharma
Assistant Manager - Content

Jaya is a writer with an experience of over 5 years in content creation and marketing. Her writing style is versatile since she likes to write as per the requirement of the domain. She has worked on Technology, Fina... Read Full Bio



I competed my 12 can I give the exam

Reply to A Man


Jaya SharmaAssistant Manager - Content

Yes, you can.

Hello Ma'am, I am a second-year student. Can I give the exam for NISM Research Analyst?

Reply to Pawan Kose


Jaya SharmaAssistant Manager - Content

Yes, you are eligible to do so.

Is their any classes for preparation of this exam

Reply to Ishu Gupta


Jaya SharmaAssistant Manager - Content

Yes, there are many online NISM courses through which you can prepare for the exam. Check out this link:


Jaya SharmaAssistant Manager - Content

Hi, we have added the sample questions within the article. Please check them.


Jaya SharmaAssistant Manager - Content

There is no age limit.


Jaya SharmaAssistant Manager - Content

Hi Prakashp, there is no maximum age limit. However, minimum age limit is 18.

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