Why should I obtain this certificate?

In a rapidly evolving market environment, financial intermediaries are increasingly realizing that their clients need advice across multiple financial products, which means your proficiency, can no longer be restricted to only one set of products - whether it is mutual funds or insurance. You need to have familiarity with and be able to advice on primary market equity issuances, bond issuances, secondary markets, derivatives, commodities and alternate investments.

At the same time, in a rapidly evolving regulatory environment, financial advisors now find at least 4 different routes through which they can serve their clients, each of which has its own certification examination that qualifies you to represent yourself to your clients in that particular manner :

- As mutual fund distributors (NISM MFD and MFD - Level 2 certifications)

- As registered investment advisors (NISM IA - Level 1 and Level 2 certifications)

- As financial planners (CPFA certification awarded by FPSB)

- As wealth managers (Advanced Wealth Management certificate awarded by IIBF)

Whichever is the route you adopt to serve your clients, you need a solid foundation in terms of a broad understanding of securities markets - because your clients need multiple products from across the securities markets. It is with this perspective in mind that we decided to help you lay a robust foundation to your career in the securities markets - with this Quick & Easy Guide that helps you obtain the base level certification, the NISM Securities Markets Foundation Certificate.

With this certificate as your foundation, you can choose any of the four routes described above. Our Quick & Easy Guides will be available to help you obtain the certifications for of these routes that you choose.

It is said that a building is only as strong as its foundation. With this in mind, we would urge you to obtain this foundation certificate, even though it is purely voluntary. Here are some FAQs about this certification exam.

Frequently Asked Questions

Q. Who can take NISM-Series-XII: Securities Markets Foundation Certification Examination?

NISM-Series-XII: Securities Markets Foundation Certification Examination is for entry level professionals, who wish to make a career in the securities markets. This certification examination will also be useful to all those individuals who are interested in acquiring a basic knowledge of the Indian Securities markets

Q. What are the Examination Objective of NISM-Series-XII: Securities Markets Foundation Certification?

On successful completion of the examination the candidate should:

Know the basics of the Indian Securities Markets.

Know the various processes involved in Primary and Secondary Markets

Understand the schemes and products in Mutual Funds and Derivatives Markets in India.

Know the steps in financial planning process.

Q. How can register for NISM-Series-XII: Securities Markets Foundation Certification Examination?

Candidates can register with any of the following Test Administrators.

1. National Institute of Securities Markets (NISM) https://certifications.nism.ac.in/nismaol/

2. Bombay Stock Exchange (BSE) www.bseindia.com

3. MCX Stock Exchange (MCX-SX) www.mcx-sx.com

4. National Stock Exchange (NSE) www.nseindia.com

For registrations candidates may visit any of the above websites.

After successful registration, candidates may select a test centre, date and time slot of their choice on the Test Administrator website. Candidates are required to follow further instructions available on the Test Administrator websites.

Q. What is the Assessment Structure?

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 no negative marking.

Test Details

Name of Module: NISM-Series-XII: Securities Markets Foundation Certification Examination

+Payment gateway charges extra.

# Passing Certificate will be issued only to those candidates who have furnished/ updated their Income Tax Permanent Account Number (PAN) in their registration details.

Q. When will I receive the certificate?

Only the candidates who have produced their Income Tax Permanent Account Number (PAN) during registration would receive the NISM Certificate within two weeks of appearing for the examination.

Candidates who produced other identification proofs would not receive the NISM certificate. They would receive only the temporary mark sheet at the end of the examination.

Q. Is there a study material available for preparing for this examination?

You will receive a soft copy of the workbook/study material after enrolment for the examination. For non-receipt of soft copy of the workbook/study material, you may contact the respective Test Administrator:

NISM: certification@nism.ac.incertification@nism.ac.in

BSE: training@bseindia.comtraining@bseindia.com

NSE: ncfm@nse.co.inncfm@nse.co.in

MCX-SX: certification@mcx-sx.comcertification@mcx-sx.com

Wealth Forum has introduced its Quick & Easy Guide to help you prepare for this exam in a simple and effective manner. You can read the chapter summaries and then directly attempt the chapter-wise question bank. You can ascertain all the questions for which you gave correct answers and find out the correct answers for those you answered incorrectly. In this simple and interactive manner, you can prepare for this certification, in a quick and easy way.

Q. How do I renew my certificate?

To renew your current certificate, you need to appear for NISM CPE for Securities Markets Foundation Certification Examination or successfully pass the NISM-Series-XII: Securities Markets Foundation Certification Examination before the expiry of such certificate.

Q. Do I have to pay for the study material?

You will receive a soft copy of the workbook/study material free of cost after enrolment for the examination. Incase if you want to purchase a hardcopy of the workbook, you may contact: Printography Systems (India) Private Limited at Address: 13/D, Kurla Industrial Estate, Nari seva sadan road, Narayan Nagar, Ghatkopar (West), Mumbai-400086 Tel No.: 022-33545858, Mobile No.: +91-9820912814; Email Address: books_nism@psipl.netbooks_nism@psipl.net and Web Address: www.psipl.net

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