⚠  Market investments are subject to risks. Read all disclosure documents carefully before engaging in trading or investment activities.⚠  Market investments are subject to risks. Read all disclosure documents carefully before engaging in trading or investment activities.⚠  Market investments are subject to risks. Read all disclosure documents carefully before engaging in trading or investment activities.⚠  Market investments are subject to risks. Read all disclosure documents carefully before engaging in trading or investment activities.
SP RESEARCHVIA
EducationAugust 8, 2026
18 min read

NISM Series XV Research Analyst Exam Prep & Passing Strategy

Praveen Dubey (SEBI Registered RA)

SP RESEARCHVIA PVT. LTD. (INH000015808)

NISM Prep Playbook

nism series xv Research Analyst Exam Prep & Passing Strategy

Practical study roadmap and preparation guide by SP RESEARCHVIA PVT. LTD. (SEBI Reg No. INH000015808 under Chief Research Analyst Praveen Dubey) to clear the NISM Series XV examination on your first attempt.

1. Chapter Weightage & High-Yield Strategy

To clear the 60% benchmark while navigating 0.25 negative marking, candidates must prioritize high-yield units such as Financial Statement Analysis, Valuation Methodologies, and SEBI Regulations.

Study Module Estimated Weightage Preparation Focus
SEBI Regulations 201420 - 25%Code of Conduct, Disclosures, Personal Trading Rules
Financial Statement Analysis25 - 30%Ratio analysis, Cash Flow Statement, Working Capital
Valuation Principles20 - 25%DCF, P/E, P/B, EV/EBITDA, Dividend Discount Model
Economics & Markets15 - 20%GDP, Inflation, FII/DII Data, Sector Cycles

2. Core Quantitative Formula Cheat-Sheet

Mastering core valuation formulas is essential for solving numerical questions:

  • Price to Earnings (P/E Ratio): Market Price Per Share / Earnings Per Share (EPS)
  • Return on Equity (ROE): Net Profit / Shareholder Equity × 100
  • Debt-to-Equity Ratio: Total Debt / Total Shareholders' Equity
  • Enterprise Value (EV): Market Capitalization + Total Debt - Cash & Cash Equivalents

Learn more in our Corporate Governance Red Flags Guide, review the NISM XV Exam Overview, and explore SP Researchvia Investor Services.

Frequently Asked Questions (FAQ)

Q: How many weeks of preparation are required for NISM Series XV?

A: Most candidates require 3 to 4 weeks of consistent study (around 2 hours daily) focusing on NISM workbook and mock tests.

SEBI

SP RESEARCHVIA PVT. LTD. - SEBI Registered Research Analyst

SEBI Reg No: INH000015808 | Chief Research Analyst: Praveen Dubey

Statutory Warning & Risk Disclaimer: Investment in securities market are 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.

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.