NISM Series-XV:Research Analyst Exam FAQs

What is the NISM Series-XV:Research Analyst exam ?

The NISM Series-XV:Research Analyst certification aims to improve the quality of services that are provided by research analyst in the financial services sector. This exam basically sets a minimum knowledge standard for people registered as research analyst under SEBI (Research Analyst) Regulations, 2014, people engaged in preparation and publication of research analysis along with the ones employed as research analyst and partners of a research analyst. In order to fulfill the requirements specified under Regulation 7(2) of the SEBI (Research Analysts) Regulations, 2014, the associated persons have to pass the NISM Series-XV: Research Analyst exam.

What skills does NNISM Series-XV:Research Analyst exam impart?

Passing this examination will enable you to-

• Know the fundamentals of Indian Securities Markets along with various terminologies that are used in equity and debt markets
• Gain knowledge about the top down and bottom up approach of fundamental research
• Understand the basic concepts for micro and macro-economic analysis, the sources of different information for analysis, and the different macroeconomic variables affecting the analysis.
• Understand the qualities of a good research report.
• Know about the key industry drivers and the information sources for industry analysis.
• Understand the qualitative and quantitative dimensions with regards to company analysis.
• Know about the fundamentals of Risk and Return, valuation principles, and also the philosophy of various corporate actions.

Which professional groups are targeted in this exam?

This exam is basically intended for the following groups-

• People registered as research analyst under SEBI (Research Analyst) Regulations, 2014.
• Individuals who are employed as research analyst or as partners of a research analyst.
• Persons engaged in preparation and publication of research report.
• Industry professionals
• Interested individuals

What is the syllabus of this exam?

The syllabus of exam has been categorized in various sections and subsections. So, let’s look into the various domains of the exam as follows:

1. Introduction to Research analyst profession

2. Introduction to securities market

3. Terminology in Equity and Debt markets

4. Fundamentals of research

5. Economic analysis

6. Industry analysis

7. Company analysis-Business and Governance

8. Company analysis-Financial analysis

9. Corporate actions

10. Valuation principles

11. Fundamentals of risk and return

12. Qualities of a good research report

13. Legal and regulatory environment

14. Annexure – 1

15. Annexure – 2

What is the duration for completion of NISM Series-XV:Research Analyst exam?

The time duration of the exam is 2 hours .

What kind of questions come in this exam?

Moreover, the questions asked in the exam are all multiple-choice type questions.

How can one schedule the NISM certification exam?

You can apply for the exam following the steps given below:

1. Register with the NISM Portal
2. Use your email address and password to login
3. Check availability of seats
4. Schedule the test or enroll online
5. Make payment using Credit Card / Debit Card/ Net Banking
6. Download the Admit Card
7. Download the Study material
8. Access Exam Results

How can one reschedule the NISM certification exam?

You can reschedule your scheduled exam on your own by logging into NISM portal four days prior to the date of a scheduled exam.
So, you may be offered rescheduling of the exam subject to availability of slots and that too only in certain cases such as:
1. Significant / prolonged disruption of internet / power at the test center
2. Non-availability of NISM’s examination application due to scheduled or unscheduled maintenance
3. Inability of NISM or test administrator to conduct examination/s because of circumstances like natural disasters, law and order situation etc.

How much do one need to score in order to pass the exam?

The passing score for the exam is 60%.

How can one apply for special accommodation at NISM ?

If you require special accommodation while appearing for NISM Series-VII:Securities Operations and Risk Management exam then you are required to inform NISM regarding the same. Therefore, you have to send the Special Accommodation form to NISM at least 30 days in advance in order to get assistance for special accommodations. So, you will be given the approval/denial for Special Accommodation by NISM after assessing its need at its sole discretion.

How many questions does this exam asks?

100 questions

How can one prepare for NISM Series-XV:Research Analyst exam?

In order to prepare for the exam, you can follow series of steps given below:

1. Go through the topics of exam
2. Review the basic details
3. Make use of the following study resources
   1. NISM provides it’s workbooks for studying. You can order these workbooks online through Taxmann Publications Private Ltd.
   2. NISM provides videos of certain courses on Youtube. Therefore, you can access those videos for gaining more knowledge about the exam.
   3. Alongside, you can also go for online trainings provided by different platforms. This will help you in learning the basics at at greater pace. Moreover, self-study can also do the needful.
4. Join study groups
5. Solve practice tests

What does Testpreptraining offer for this exam?

Well, Testpreptraining offers variety of professionally designed practice tests. The frame of these tests is in a way to provide you unique set of challenging questions that will help you not only in evaluating your level of preparation but also in boosting confidence. You can even create your own practice tests at the website. Thus, the actual exam seems like another practice test and it becomes easy to crack the exam in one go.