NISM-Series-XI: Equity Sales Exam FAQS
- Who can take NISM-Series-XI: Equity Sales Certification Examination?
The examination is for:
- Persons employed with trading members of the equity segment of a recognized stock exchange in sales and client advisory functions
- Persons seeking employment with trading members of the equity segment of a recognized stock exchange in sales and client advisory functions
- Students having an interest in gaining in-depth knowledge of the Indian equity market.
2. How can I register for NISM-Series-XI: Equity Sales Certification Examination?
Candidates can register with any of the following Test Administrators. National Institute of Securities Markets (NISM) https://certifications.nism.ac.in/nismaol/For registrations candidates may visit any of the above websites. After successful registration, candidates may select a test center, date, and time slot of their choice on the Test Administrator website. Candidates have to follow further instructions available on the Test Administrator websites.
3. What is the fee structure?
The fees for ” NISM-Series-XI: Equity Sales Certification Examination ” is Rupees One Thousand Seven Hundred Ten only (Rs. 1710/-), inclusive of service taxes.
4. What is the assessment structure?
The NISM-Series-XI: Equity Sales Certification Examination will be of 100 marks, will have 100 questions, and should be completed in 2 hours. There will be negative marking of 25% of the marks assigned to a question. The passing score for the examination is 50%.
5. 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: [email protected]
6. 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. Candidates can buy NISM workbooks online through Taxmann Publications Private Ltd.
7. I have passed NISM-Series-XI: Equity Sales Certification Examination. 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.
8. I have not provided my PAN information at the time of taking the certification examination. How do I obtain the certificate?
Candidates who have not provided their PAN information during registration may furnish their PAN details to the Test Administrator they have registered with anytime after taking the examination. After receiving and verifying PAN details, the candidate will receive the certificate from the Test Administrator they have registered with. No additional payments are necessary for obtaining the certificate.
9. I have passed NISM-Series-XI: Equity Sales Certification Examination and also provided PAN details. However, I have not received the certificate. Whom should I contact?
For non-receipt of certificate contact the test administrator you have registered with for this examination. The respective email ids are given below: NISM: [email protected]
10. What is the validity period of the certificate?
The certificate for NISM-Series-XI: Equity Sales Certification Examination will be valid for 3 years from the date of the examination.
11. How do I renew my certificate?
To renew your current certificate, you need to appear for NISM CPE for Equity Sales or successfully pass the NISM-Series-XI: Equity Sales Certification Examination before the expiry of such certificate.
12. What is the NISM Refund Policy?
This policy states that fees once paid through the payment gateway shall not be refunded.But, for other reason, this can be done if:
- Firstly, multiple times debiting from a Candidate Card/Bank Account due to technical error. Or the Candidate’s account being debited with excess amount in a single transaction due to technical error.
- Secondly, due to technical error, payment being charged on the Candidate Card/Bank Account but the enrolment for the examination is unsuccessful.
13. Is there any Special Accommodation provided during the exam?
In any case if the candidates require special accommodation for appearing for NISM Certification Examinations. Then, such candidates may inform NISM regarding the same. Further,to assist candidates requiring special accommodations, it is necessary to send the form to NISM at least 30 days in advance. Then, approval for Special Accommodation will be provided to the requesting candidate/s by NISM after assessing its need at its sole discretion.
14. What is NISM Re-schedulement Policy?
Candidates can reschedule an enrolled examination by directly logging into the NISM Certification Portal to a later date. This should be done at least 15 calendar days prior to the examination date, subject to the availability of examination dates and exam slots. However, candidates can avail themselves of the facility of rescheduling an enrolled examination only once after enrollment.
15. What are NISM-Series-XI: Equity Sales exam objectives?
NISM-Series-XI: Equity Sales Certification exam the objectives include:
- Firstly, Indian Securities Market Overview
- Secondly, Regulatory Framework
- Thirdly, Primary Market
- Fourthly, Secondary Market
- Then, Understanding Market Indicators
- After that, Trading and Risk Management
- Next, Clearing and Settlement
- Then, Market Surveillance
- Lastly, Client Management
For More Check: NISM Exam Policies
