How to Clear NISM Series XV: Research
Praveen Dubey (SEBI Registered RA)
SP RESEARCHVIA PVT. LTD. (INH000015808)
Mastering the NISM Series XV Certification Examination
The National Institute of Securities Markets (NISM) Series XV exam is the mandatory gateway for anyone aspiring to become a SEBI Registered Research Analyst. This article provides a comprehensive strategy to clear the examination on your first attempt.
What is the passing mark and format of NISM Series XV?
The exam consists of 100 multiple-choice questions (MCQs) to be solved in 2 hours. The passing score is 60%. There is a negative marking of 25% (0.25 marks deducted) for every incorrect answer.
Key Exam Topics & Weightage
The syllabus is designed to test your knowledge of both fundamental analysis and regulatory requirements:
- Introduction to Securities Markets: History, structure, and functions of stock exchanges.
- Fundamental Analysis: Understanding balance sheets, income statements, and cash flows.
- Valuation Principles: Discounted Cash Flow (DCF), P/E ratio, P/B ratio, and Enterprise Value.
- Regulatory Framework: Detailed study of the SEBI (Research Analysts) Regulations, 2014.
Written by Praveen Dubey
Chief Research Analyst | SEBI Reg: INH000015808
Statutory Warning & Risk Disclaimer: Investment in securities market is subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Content provided on this blog is for informational and educational purposes only.