As was already indicated, SEBI founded the NISM institution in 2006. The institute's
primary goal is to improve the knowledge and abilities of those who operate in the
securities market. The multiple certification programmes that NISM provides address
various facets of the securities business. These courses are intended to give
comprehensive knowledge and comprehension of a range of market areas, including stock,
derivatives, mutual funds, and others.
Why is NISM certification important?
To avoid risks and make educated judgments in the securities market, knowledge and skills
are crucial. The NISM programmes are intended to give people the information and
abilities they need to succeed in their jobs in the securities industry. Employers often
see NISM accreditation as a symbol of excellence and subject-matter expertise in the
securities sector.
Types of NISM certification
NISM offers various certification programs, each focusing on a specific segment of the
securities market. Let's take a closer look at some of these certifications.
NISM Series I: Currency Derivatives Certification Examination
This certification program covers the basics of currency derivatives and their trading
strategies. The program is suitable for professionals who want to enhance their
knowledge of
currency derivatives and their use in trading.
NISM Series V-A: Mutual Fund Distributors Certification
Examination
This certification program is for individuals who want to become mutual fund
distributors.
The program covers the basics of mutual funds, their regulations, and the roles and
responsibilities of a mutual fund distributor.
NISM Series VIII: Equity Derivatives Certification Examination
This certification program is for individuals who want to enhance their knowledge of
equity
derivatives and their use in trading. The program covers various aspects of equity
derivatives such as options, futures, and swaps.
NISM Series X-A: Investment Adviser (Level 1) Certification
Examination
This certification program is for individuals who want to become investment advisers. The
program covers various aspects of investment advisory such as investment planning, risk
profiling, and product selection.
NISM Series XII: Securities Markets Foundation Certification
Examination
This certification program is for individuals who want to have a basic understanding of
the
securities market. The program covers various aspects of the securities market such as
trading, clearing, and settlement.
How to prepare for NISM certification exams?
Preparing for NISM exams requires dedication and effort. Here are some tips that can help
you prepare for the exams.
1. Study the syllabus thoroughly
The first step in preparing for NISM exams is to study the syllabus thoroughly. Make sure
you understand the concepts and topics covered in the syllabus.
2. Use study material provided by NISM
NISM provides study material for each certification program. Use this material as your
primary source of preparation.
3. Take mock tests
Mock tests can help you assess your preparation and identify areas where you need to
improve. NISM provides mock tests for each certification program.
4. Attend training programs
NISM provides training programs for each certification program. These programs are
conducted
by experienced trainers and can help you prepare for the exams.
5. Practice, practice, practice
The more you practice, the better you will become. Solve as many practice questions and
mock
tests as possible from your end.
Benefits of NISM certification
NISM
certification provides various benefits to individuals working in the securities
market. Let's take a look at some of these benefits.
1. Recognition
NISM is recognized by employers and regulatory bodies in the securities market. It serves
as
a benchmark of quality and knowledge in the field of securities market.
2. Career growth
NISM can help individuals enhance their knowledge and skills, which can lead to career
growth opportunities. It can also help individuals switch careers within the securities
market.
3. Increased credibility
NISM can increase an individual's credibility in the eyes of clients, employers, and
regulatory bodies.
4. Enhanced knowledge
NISM provides in-depth knowledge and understanding of various market segments such as
equity, derivatives, mutual funds, and more. This can help individuals make informed
decisions and minimize risks.
5. Networking opportunities
NISM can provide networking opportunities with other professionals in the securities
market.
This can help individuals learn from others and expand their professional network.
A vital tool for those operating in the securities industry is NISM certification. It
offers comprehensive information of different market areas and acts as a standard for
quality and expertise in the securities industry like BIFS Academy. An individual's
knowledge and abilities may be improved, their credibility can be raised, and there are
prospects for professional advancement with NISM certification.
Thus, NISM certification is unquestionably something to take into consideration if you
intend to pursue a profession in the securities industry
.