NISM AcademyNISM Series XII Securities Markets Foundation: exam pattern, syllabus and mock tests
A broad introduction to Indian securities markets. A good first exam. NISM Series XII gives a broad base: how primary and secondary markets work, mutual funds, derivatives basics and investor protection.
NISM Series XII exam pattern at a glance
- Questions
- 100
- Duration
- 120 minutes
- Total marks
- 100
- Passing score
- 60% (60/100)
- Negative marking
- None
- Exam fee
- ₹1,003 + charges
- Certificate valid
- 3 years
100 multiple-choice questions, 1 mark each. Fees and pattern are set by NISM and can change, so confirm on the official NISM Series XII page before you book.
Who should take NISM Series XII?
Students, freshers and anyone starting out in securities markets. No experience needed.
Why you need it: Voluntary. Useful as a base before a role-specific exam.
NISM Series XII syllabus: 6 chapters
- Understanding Securities Markets and Performance
- Securities: Types, Features and Concepts of Asset Allocation and Investing
- Primary Markets
- Secondary Markets
- Mutual Funds
- Derivatives Markets
How to prepare for NISM Series XII
Wide but basic. Two to three weeks of chapter practice is usually enough.
Not sure where you stand?
Take the free NISM Series XII level check. It takes about 30 minutes, needs no payment, and tells you which chapters to study first. Launch offer: free for our first 100 users. Log in and every mock test, note and flashcard is unlocked.
Start the level checkNISM Series XII FAQs
What is NISM Series XII?
NISM Series XII is the Securities Markets Foundation Certification Examination conducted by the National Institute of Securities Markets. Voluntary. Useful as a base before a role-specific exam.
How many questions are in NISM Series XII?
The exam has 100 multiple-choice questions, 1 mark each, for a total of 100 marks. You get 120 minutes.
What is the passing score for NISM Series XII?
You need 60%, which is 60 out of 100 marks.
Is there negative marking in NISM Series XII?
No. There is no negative marking, so attempt every question.
How should I prepare for NISM Series XII?
Wide but basic. Two to three weeks of chapter practice is usually enough.
How do I register for NISM Series XII?
Create an account on NISM’s certification portal, choose the exam, pick a test centre or remote-proctored slot, and pay the fee online. NISM Academy can’t register you; we link you to the official portal.
How long is the NISM Series XII certificate valid?
Three years from the date you pass.