Master Professional Securities Research with India's Premier Certification Program
Complete certification overview
Video introduction to NISM certification
Deep dive analysis walkthrough
Comprehensive walkthrough of NISM Research Analyst certification requirements and preparation strategy
The National Institute of Securities Markets (NISM) Research Analyst Certification represents the gold standard for securities market professionals in India. This comprehensive certification program establishes essential competency benchmarks for research analysts operating under SEBI regulations.
NISM develops and administers certification examinations and continuing professional education programs for securities market professionals across India. These programs are mandated under the Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) Regulations, 2007.
Key Focus: Ensuring market intermediaries meet defined minimum knowledge benchmarks through structured certification and continuing education in areas including mutual funds, equities, derivatives, securities operations, compliance, research analysis, investment advice, and portfolio management.
Upon successful completion of this certification program, candidates will demonstrate mastery across multiple dimensions of securities research and analysis:
Comprehensive understanding of Indian securities markets and terminology used in equity and debt markets.
Mastery of top-down and bottom-up approaches to fundamental research analysis.
Proficiency in micro and macroeconomic analysis principles, information sources, and key variables.
Knowledge of key industry drivers and information sources for comprehensive sector analysis.
Understanding qualitative and quantitative dimensions of comprehensive company analysis.
Expertise in risk-return fundamentals, valuation principles, and corporate action philosophy.
Development of professional research reporting skills and quality standards.
Comprehensive understanding of legal and regulatory environment governing research analysts.
As you study each objective above, practice immediately with Finmagine's professional-grade analysis tools:
The NISM-Series-XV Research Analyst Certification is mandatory for:
Regulatory Requirement: This certification fulfills requirements specified under Regulation 7(2) of the SEBI (Research Analysts) Regulations, 2014, ensuring enhanced service quality in the financial services industry.
The certification examination is designed to comprehensively evaluate knowledge across all critical areas of research analysis:
92 Questions
1 mark each
Total: 92 marks
2 Case Studies
4 questions per case
Total: 8 marks
2 Hours
Total examination time
100 total marks
60 marks (60%)
Minimum passing requirement
25% negative marking
This meticulously designed curriculum covers all essential topics required for professional securities research:
Software Proficiency: Test center workstations are equipped with Microsoft Excel or OpenOffice Calc. Candidates must be proficient in both applications for numerical computations.
Practice Materials: Sample questions and case studies in this course are for reference purposes only. Actual examination difficulty levels may vary.
Penalty System: Each incorrect answer incurs a penalty of 25% of the assigned marks. Strategic answer selection is crucial for success.
Ready to advance your career in securities research? Begin your certification journey today:
Official Registration: Visit www.nism.ac.in for examination registration, scheduling, and additional information.
Turn Theory into Practice! While you study NISM concepts, enhance your learning with Finmagine's 33 interactive tools and 71+ professional stock reports.
Practice with tools mentioned in NISM chapters:
Study real research reports as you learn:
Start with Chapter 1 and progress systematically through all 16 comprehensive chapters. Each chapter builds upon previous knowledge, ensuring thorough understanding of research analyst competencies.
This comprehensive educational content is derived from the NISM-Series-XV: Research Analyst Certification Examination Workbook (June 2025 version), published by the National Institute of Securities Markets.