NISM Professor
NISM Series XV

Research Analyst

Mandatory to register as a SEBI Research Analyst. Covers company analysis, valuation and the ethics of publishing research.

Exam pattern

Duration
120 min
Total marks
100
Pass mark
60% (60)
Negative marking
25%

There is negative marking of 25% of the marks for that question, so a wrong answer costs you 0.25 marks on a 1-mark question. Guess only when you can eliminate at least two options.

Syllabus and chapter weightage

Weightages are taken from the official syllabus table published in the NISM workbook, so you can see exactly where the marks are.

  1. 1Introduction to Research Analyst Profession1%
  2. 2Introduction to Securities Market2%
  3. 3Terminology in Equity and Debt Markets2%
  4. 4Fundamentals of Research5%
  5. 5Economic Analysis5%
  6. 6Industry Analysis8%
  7. 7Company Analysis – Business and Governance6%
  8. 8Company Analysis – Financial Analysis12%
  9. 9Corporate Actions5%
  10. 10Valuation Principles12%
  11. 11Fundamental Analysis of Commodities5%
  12. 12Fundamentals of Risk and Return7%
  13. 13Qualities of a Good Research Report5%
  14. 14Legal and Regulatory Environment10%
  15. 15Technical Analysis15%

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Frequently asked questions

What is the passing mark for NISM Series XV?
You need 60% to pass NISM-Series-XV: Research Analyst. On a 100-mark paper that is 60 marks.
Is there negative marking in NISM Series XV?
There is negative marking of 25% of the marks for that question, so a wrong answer costs you 0.25 marks on a 1-mark question. Guess only when you can eliminate at least two options.
How long is the NISM Series XV exam?
The exam runs for 120 minutes and carries 100 marks in total.
How long is the NISM Series XV certificate valid?
NISM certifications are generally valid for 3 years from the date of passing, after which they must be renewed. Confirm the current position on nism.ac.in before your certificate lapses.