Securities Market Certification Examination Overview

A variant of the secondary market is the forward market, where securities are traded for future delivery and payment. … (NSE) and Bombay Stock Exchange (BSE) provide trading in the equity futures & options in India.


What are the course objectives?

The protection of investors; Ensuring that markets are fair, efficient and transparent; The reduction of systemic risk.

Course Fees ?

 Fees Details:

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

Fees (Rs.) Test Duration (in minutes) No. of Questions Maximum Marks Pass Marks (%) Certificate # Validity (in years)
1770+ 120 100 100 60 3

+: Inclusive of Service tax. 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.

Benefits from this Course ?

The Advantages of Investing in a Securities Market vs. a Savings Account. … Investing in a securities market, also called investing in stocks and bonds, is one of the primary ways to build wealth through capital appreciation — an increase in the securities’ value over time.

Securities Market Syllabus 

CHAPTER-1: Introduction to Indian Securities Markets

  • Understand the meaning of securities and key function of securities markets participants
  • Know the structure of securities markets and role of its participants
  • Understand the role of securities markets as allocators of capital

CHAPTER-2: Securities: Types, Features and Concepts

  • Know the difference between equity and debt securities
  • Understand the features of equity capital
  • Understand the features of debt capital
  • Know the factors that influence the choice between equity and debt capital for issuers
  • List the various aspects of investing in equity
  • Understand the concepts and elements of financial analysis and valuation
  • Know commonly used terms in equity investing
  • Know the risk and return from investing in equity
  • Understand the basic features of debt instrument
  • Know the types and structure of debt instruments
  • Understand concepts and terms relating to debt securities
  • Know the benefits and risks of investing in debt securities
  • List the factors that influence the choice between equity and debt for investors
  • Understand the concepts of hybrid instruments and their features

CHAPTER-3: Primary Markets

  • Understand the nature and functions of the primary market
  • Know the difference between various types of public issues
  • List the categories of issuers in the primary markets
  • Know the regulatory framework for primary markets
  • List the types of investors in the primary markets
  • Understand the types of public issues of equity shares
  • Know the pricing process in a public issue of shares
  • Understand the public issue process
  • List the features of a prospectus
  • Understand the process of applying to a public issue
  • Understand the process of listing of public issues
  • Understand the process of rights issues in equity
  • Understand the process and concepts in public issue of debt securities
  • Know the private placement process in equity and debt

CHAPTER-4: Secondary Markets

  • Know the role and functions of the secondary markets
  • Know the market structure and participants in the secondary markets
  • Know the role of brokers and processes for client acquisition
  • Understand the process of trade execution in the secondary market
  • Understand the process of trade settlement
  • Understand the market information available
  • Understand the risk management systems for secondary markets
  • List the rights, obligations, and grievance redressal mechanism for investors in secondary markets

CHAPTER-5: Mutual Funds

  • Understand the meaning and features of a mutual fund
  • Know the key terms and concepts associated with mutual funds
  • Understand the functioning of a mutual fund
  • Know the regulatory framework for mutual funds
  • Know the difference between various types of fund products
  • Know the processes associated with investing in mutual funds
  • Understand the uses and process of conducting systematic transactions
  • Know the use of information available on mutual funds
  • List the costs and benefits of investing in mutual funds

CHAPTER-6: Derivatives Markets

  • Understand the derivative products
  • Understand the key concepts with regard to derivatives
  • Know the types of derivative products and their features
  • Know the structure of the derivative markets
  • Understand the trading and settlement of derivatives
  • Know the regulatory and risk management process for derivatives
  • Understand the use of derivatives in speculation, hedging and risk management
  • Know the costs, benefits, and risks of derivatives
  • Understand the key derivative market indicators

CHAPTER-7: Financial Planning and Securities Markets

  • Know the financial planning framework for investing in securities
  • Understand the steps in financial planning
  • Understand the asset allocation process and diversification
  • Understand the allocation of securities in the financial planning process