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MF Certification
With effect from 1st Jun'10, certification program for mutual fund distributor is managed by National Institute of Securities Markets (NISM). National Institute of Securities Markets (NISM) is a public trust, established by the Securities and Exchange Board of India (SEBI), the regulator for securities markets in India.
How to appear for NISM Examination?
  • You can register for NISM examination through NSE/BSE or MCX Stock Exchange.
  • The examination fee for NISM Certification is Rs. 1000/-. You will get the hard copy of workbook from NISM when you enroll for the exam.
  • The examination will be of 100 marks, will have 100 questions, and should be completed in 2 hours. There will be negative marking of 25% of the marks assigned to a question. The passing score for the examination is 50%.
  • Please ensure that you mention PAN no. in the registration form for exam. Certificate will be dispatched by NISM only if the PAN No. is mentioned.
  • The certificate will be valid for 3 years from the date of the examination.
How to appear for CPE (Continued Professional Education) Refresher Course?
  • You can register for NISM examination through NSE/BSE or MCX Stock Exchange.
  • The examination fee for NISM Certification is Rs. 1000/-. You will get the hard copy of workbook from NISM when you enroll for the exam.
  • The examination will be of 100 marks, will have 100 questions, and should be completed in 2 hours. There will be negative marking of 25% of the marks assigned to a question. The passing score for the examination is 50%.
  • Please ensure that you mention PAN no. in the registration form for exam. Certificate will be dispatched by NISM only if the PAN No. is mentioned.
  • The certificate will be valid for 3 years from the date of the examination.
  • To register for CPE Refresher course, please contact:

    Ms. Madhu Raveendra, Center for Investment Education and Learning
    106, Sholay Premises, Raheja Complex, Seven Bungalows,
    Andheri (West), Mumbai - 400 061
    Phone: 9552551360; E-mail: info@ciel.co.in

  • To register for CPE refresher course at your desired location, please write to cpe@nism.ac.in with the following details:

    1. Name
    2. ARN Number
    3. ARN Expiry Date
    4. PAN Number
    5. Email
    6. Phone
    7. Desired Location

  • The participants need to carry the following documents:
    • Copy of ARN Card (kindly carry the original AMFI or NISM Certificate (in case of employees who do not have ARN cards in their own name)
    • Copy of PAN Card (kindly the original for verification)-Mandatory
    • 2 passport size photographs
    • Registration form (will send you with the CPE details for each location later)

    For more details www.nism.ac.in.
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