NISM AcademyNISM Series XXV-B Investment Advice (Sales & Non-Core): exam pattern, syllabus and how to register
For sales and support staff at investment adviser firms who don’t give advice. NISM Series XXV-B, launched on 1 June 2026, is for persons associated with investment advice who handle sales and other non-core work, as defined in Regulation 2(r) of the SEBI (Investment Advisers) Regulations, 2013. It covers the advisory framework, ethics, compliance and conduct obligations.
NISM Series XXV-B exam pattern at a glance
- Questions
- 50
- Duration
- 60 minutes
- Total marks
- 50
- Passing score
- 50% (25/50)
- Negative marking
- None
- Exam fee
- ₹1,500 + charges
- Certificate valid
- 3 years
50 multiple-choice questions, 1 mark each. Fees and pattern are set by NISM and can change, so confirm on the official NISM Series XXV-B page before you book.
Who should take NISM Series XXV-B?
Sales, client-servicing and other non-core staff at SEBI-registered investment advisers.
Why you need it: The certification for persons associated with investment advice in sales and non-core roles. People who give advice take X-A and X-B instead.
NISM Series XXV-B syllabus: 6 chapters
- Investment advice basics
- Investment Adviser Regulations
- Code of conduct & ethics
- Advice vs distribution
- Sales conduct & client dealing
- Grievances & compliance
How to prepare for NISM Series XXV-B
Fifty questions, no negative marking, 50% to pass. Focus on what non-core staff may and may not do.
NISM Series XXV-B mock tests are coming soon
We are building exam practice one series at a time and start with the most requested. Tell us you want NISM Series XXV-B: it takes one tap and needs no sign-up.
Request NISM Series XXV-BNISM Series XXV-B FAQs
What is NISM Series XXV-B?
NISM Series XXV-B is the Investment Advice (Sales & Non-Core) Certification Examination conducted by the National Institute of Securities Markets. The certification for persons associated with investment advice in sales and non-core roles. People who give advice take X-A and X-B instead.
How many questions are in NISM Series XXV-B?
The exam has 50 multiple-choice questions, 1 mark each, for a total of 50 marks. You get 60 minutes.
What is the passing score for NISM Series XXV-B?
You need 50%, which is 25 out of 50 marks.
Is there negative marking in NISM Series XXV-B?
No. There is no negative marking, so attempt every question.
How should I prepare for NISM Series XXV-B?
Fifty questions, no negative marking, 50% to pass. Focus on what non-core staff may and may not do.
How do I register for NISM Series XXV-B?
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 XXV-B certificate valid?
Three years from the date you pass.