Question 1

Can I use a calculator during the NISM exam?

Accepted Answer

You cannot bring a physical calculator into the exam hall. For certifications that involve calculations, an on-screen calculator is provided inside the exam interface.

Question 2

What happens if I fail the NISM exam? Is there a refund?

Accepted Answer

NISM does not refund the exam fee for a failed attempt. You can re-register and reattempt immediately, but the fee is payable again for each attempt — which is exactly why thorough mock test practice pays for itself.

Question 3

How do I pay the NISM certification fees?

Accepted Answer

NISM certification fees are paid online on the official NISM website using a credit or debit card, net banking, or UPI.

Question 4

Is the NISM exam available in Hindi?

Accepted Answer

Most NISM exams are available in both English and Hindi. You choose your preferred language at the time of registration.

Question 5

What is the benefit of a NISM certificate?

Accepted Answer

NISM certification is mandatory for many roles in the Indian securities market. It validates your knowledge, keeps your employer compliant with SEBI regulations, and opens up roles across mutual funds, equity derivatives, advisory and research.

Question 6

Are NISMguru mock tests similar to the actual exam?

Accepted Answer

Yes. Our mock tests mirror the actual exam format, difficulty level, question patterns and time limits, so nothing on exam day is unfamiliar.

Question 7

How many mock tests should I take before the NISM exam?

Accepted Answer

We recommend at least 5 to 10 full-length mock tests. The goal is to reach a point where you consistently score above the passing mark with time to spare.

Question 8

Can I clear the NISM exam without coaching?

Accepted Answer

Yes. Most candidates clear it through self-study using the official NISM workbook combined with regular mock test practice.

Question 9

How long is a NISM certification valid?

Accepted Answer

Most NISM certifications are valid for 3 years. Before expiry you can renew through the CPE programme or by passing the current version of the exam.

Question 10

What is the passing score for NISM exams?

Accepted Answer

Most NISM exams require 60% to pass, but roughly a third require only 50% — including Series V-A (Mutual Fund Distributors), V-B, VII, and the shorter renewal papers. Negative marking varies too: most exams deduct 25% for a wrong answer, a few deduct 10%, and several deduct nothing at all. Check your specific exam on our NISM exams table before relying on either figure.

Question 11

Where can I find free NISM mock tests?

Accepted Answer

A free demo test is available for every NISM certification we cover. Register on our test platform and you can try it immediately, with no payment details required.

Question 12

Do I get explanations for the answers?

Accepted Answer

Yes. Every question in our premium mock tests comes with a written explanation, so you learn from each mistake rather than just seeing a score.

Question 13

How soon can I retake a failed NISM exam?

Accepted Answer

There is no mandatory waiting period — you can re-register straight away. The exam fee applies again for each attempt.

Question 14

Do employers recognise NISM certification?

Accepted Answer

Yes. NISM certification is a SEBI requirement for several roles and is widely recognised across mutual funds, brokerages, advisory firms and other securities market institutions in India.

Question 15

Do the mock tests work on a mobile phone?

Accepted Answer

Yes. The test platform works on phones, tablets and desktops, though we recommend practising at least a few full-length tests on a desktop to match real exam conditions.

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Quick answers

Can I use a calculator during the NISM exam?

What happens if I fail the NISM exam? Is there a refund?

Frequently asked questions