NISM AcademyNISM Series XIII Common Derivatives: exam pattern, syllabus and how to register
One exam that covers equity, currency and interest rate derivatives together. NISM Series XIII combines equity derivatives, currency derivatives and interest rate derivatives into a single certification. It covers the products in each segment, trading strategies, clearing and settlement, risk management and the regulatory framework. It is also accepted for people distributing SIF products.
NISM Series XIII exam pattern at a glance
- Questions
- 150
- Duration
- 180 minutes
- Total marks
- 150
- Passing score
- 60% (90/150)
- Negative marking
- 25% per wrong answer
- Exam fee
- ₹3,000 + charges
- Certificate valid
- 3 years
150 multiple-choice questions, 1 mark each. Fees and pattern are set by NISM and can change, so confirm on the official NISM Series XIII page before you book.
Who should take NISM Series XIII?
Approved users and sales staff of trading members across equity, currency and interest rate derivatives, and people distributing mutual fund and SIF products.
Why you need it: Meets the certification requirement for the equity, currency and interest rate derivatives segments in one go, instead of Series VIII, I and IV separately.
NISM Series XIII syllabus: 8 chapters
- Derivatives basics
- Equity futures & options
- Option strategies
- Currency derivatives
- Interest rate derivatives
- Trading systems
- Clearing & settlement
- Regulations, accounting & tax
How to prepare for NISM Series XIII
Three exams’ worth of content in one sitting. Start with equity F&O, which is the largest share, then currency, then interest rate derivatives. 25% negative marking applies.
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What is NISM Series XIII?
NISM Series XIII is the Common Derivatives Certification Examination conducted by the National Institute of Securities Markets. Meets the certification requirement for the equity, currency and interest rate derivatives segments in one go, instead of Series VIII, I and IV separately.
How many questions are in NISM Series XIII?
The exam has 150 multiple-choice questions, 1 mark each, for a total of 150 marks. You get 180 minutes.
What is the passing score for NISM Series XIII?
You need 60%, which is 90 out of 150 marks.
Is there negative marking in NISM Series XIII?
Yes. 25% of a question’s marks are deducted for each wrong answer. Unattempted questions score zero.
How should I prepare for NISM Series XIII?
Three exams’ worth of content in one sitting. Start with equity F&O, which is the largest share, then currency, then interest rate derivatives. 25% negative marking applies.
How do I register for NISM Series XIII?
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 XIII certificate valid?
Three years from the date you pass.