Best Stock Market Certification Course | How To Get NISM Certified | Step By Step Guide | Free Excel

Himani Chaudhary

28 Jul 202304:16

Summary

TLDRIn this educational video, the host Himani welcomes viewers to her channel and discusses the importance of the NISM certification, a qualification provided by the National Institute of Securities Markets, for those aspiring to build a career in finance or the stock market. She covers the types of certifications available, such as for those interested in financial markets, graduate students seeking admission for higher studies, and individuals aiming to become independent financial advisors or investment advisors. The host emphasizes the value of these certifications in showcasing one's proactiveness and interest in the field. She also provides practical guidance and free resources, encouraging viewers to subscribe for more informative content.

Takeaways

📚 The script discusses the growing importance of the NISM (National Institute of Securities Markets) certificate in the financial sector.
🏢 NISM is an educational initiative by SEBI (Securities and Exchange Board of India) to regulate the entire stock market, similar to how RBI regulates banks.
🎓 The certificate is aimed at individuals looking to build a career in finance or the stock market, offering a foundation in financial and market concepts.
📈 There are three types of people who can benefit from this certification: beginners in finance, graduates seeking admission for postgraduate studies, and those looking to become independent such as mutual fund distributors or investment advisors.
📝 The script mentions a total of 26 notifications, one of which is the Research Analyst certification, highlighting the variety of certifications available.
📝 The speaker has registered for the NISM certification and shares their personal experience with the registration and preparation process.
📚 The study materials for the certification are provided after registration, which include workbooks and question banks for practice.
📅 The script explains that some exams can be taken online from home, while others require attending a center, with specific mention of the Research Analyst exam being center-based.
📝 The preparation strategy includes understanding all topics, attempting question banks without answers first, revisiting topics with incorrect answers, and using mock tests for practice.
📊 The speaker suggests that if one can consistently score 72-75% in mock tests, they are likely to pass the NISM certification exams.
📝 The script emphasizes the importance of writing down formulas on a piece of paper and revising them regularly as part of the preparation method.
👍 The speaker encourages subscribing to their channel for practical guidance and free assessments based on their real five-year experience in finance.

Q & A

What is the full form of NISM?
-NISM stands for National Institute of Securities Markets, which is responsible for regulating the entire stock market in India, similar to how RBI regulates banks.
What is the purpose of NISM certification?
-NISM certification is provided for those who want to build their career in finance or the stock market, offering educational guidance and practical knowledge in the field.
How many notifications are there in the NISM certification?
-There are a total of 26 notifications in the NISM certification, covering various aspects of financial markets and securities.
What are the three types of people who can take the NISM certification?
-The three types of people who can take the NISM certification are: 1) Those who want to build a career in finance but are unsure about the specific field. 2) Graduates who want to pursue post-graduation for admission in colleges and broaden their knowledge. 3) Individuals who want to become independent, such as becoming a mutual fund distributor or starting their own financial advisory business.
Why is it beneficial for graduates to have NISM certification for post-graduation admission?
-Having NISM certification can demonstrate a graduate's proactiveness and interest in the field of finance, which can be beneficial for admission into post-graduate programs.
What are some of the popular NISM certification courses mentioned in the script?
-Some of the most popular NISM certification courses mentioned are Research Analyst, Mutual Fund Distributor, and Investment Advisor.
What is the process of registering for the NISM certification exam?
-The process involves registering on the NISM website, paying the fixed fee, purchasing the course, receiving login credentials, and then booking the exam date and timing.
Can some NISM exams be taken online from home?
-Yes, some NISM exams can be taken online from home, while others require attending a center to take the exam.
What is the first step to prepare for the NISM certification exam?
-The first step is to understand all the topics in the workbook provided, which includes studying the concepts and attempting a question bank after each chapter without looking at the answers first.
How can one assess their understanding of the NISM certification material?
-One can assess their understanding by attempting a question bank after each chapter and revisiting topics where they have answered questions incorrectly.
What is the recommended method to practice for the NISM certification exam?
-The recommended method is to complete the workbook, attempt the question bank, and then take mock tests available online, such as free mock tests for the NISM exam.
What is the significance of mock tests in preparing for the NISM certification exam?
-Mock tests are crucial as they help assess the candidate's readiness for the actual exam. If a candidate scores 72-75% in mock tests, they are likely prepared for the NISM certification exam.
What should be done with all the formulas required for the NISM certification exam?
-All the formulas should be written down on a piece of paper and revised regularly to ensure they are memorized and easily accessible during the exam.
What is the recommendation for those who find the Investment Advisor certification difficult to self-study for?
-For those who find the Investment Advisor certification difficult, it is recommended to seek online coaching or tuition to aid in their preparation.
Why is it important to subscribe to the channel mentioned in the script?
-It is important to subscribe to the channel for practical guidance and free assessments based on the presenter's real experience in finance, which can provide additional clarity and insights.

Outlines

00:00

📈 Introduction to NISM Certification

Welcome to the channel! Today, Himani discusses the NISM (National Institute of Securities Markets) certification, a subsidiary of SEBI that regulates the stock market. This certification is valuable for those looking to build a career in finance or the stock market. Himani will share details about these certifications, their benefits, and how they can help you determine your strengths and interests in finance.

🎓 Who Should Pursue NISM Certifications?

Himani explains the three types of people who should consider NISM certifications: those starting a career in finance, graduates seeking admission to higher education programs, and individuals looking to work independently in financial advisory or mutual fund distribution. These certifications showcase proactiveness and interest in finance, making them appealing to employers and educational institutions.

📝 Personal Experience with NISM Certifications

Himani shares her personal experience with the NISM certification process. She registered with NIFM, paid the fee, and received study materials and exam details. Some exams can be taken online, while others require attending a test center. She emphasizes the importance of understanding the study material and practicing with question banks to ensure a solid grasp of the concepts.

📚 Effective Study Methods for NISM Exams

To prepare for NISM exams, Himani advises thoroughly understanding the workbook topics and attempting the question banks without looking at the answers. Revisit and relearn topics where mistakes were made. Use Google or YouTube for additional help. After completing the workbook and question bank, practice with free mock tests online to gauge readiness for the actual exam.

💡 Tips for Passing NISM Certifications

Himani guarantees that following her step-by-step method will help pass most NISM certifications, except the most difficult ones. She suggests writing down formulas and continuously revising them. For more challenging exams, consider online coaching or tuition. Himani hopes her guidance brings clarity and encourages checking the Excel sheet for detailed course information.

🤔 Final Thoughts and Encouragement

Himani concludes by encouraging viewers to check the Excel sheet for course details and choose certifications based on their interests. She invites viewers to ask questions in the comments and reminds them to subscribe to her channel for more practical guidance based on her real-life experiences. She signs off with a patriotic note, promising to return with more valuable content.

Mindmap

Keywords

💡NSE Academy

NSE Academy is the educational arm of the National Stock Exchange of India (NSE), which provides certifications and training in the field of finance and stock markets. It is central to the video's theme as it discusses the significance of certifications offered by NSE Academy for those looking to build a career in finance or the stock market.

💡Certification

In the context of the video, a certification refers to a qualification awarded by the NSE Academy to individuals who complete specific courses, demonstrating their knowledge and skills in finance or stock market operations. The video emphasizes the value of these certifications for career advancement.

💡Stock Market

The stock market is a platform where buyers and sellers trade company shares. It is integral to the video's narrative as it discusses the NSE's role in regulating the stock market and the relevance of understanding the stock market for those pursuing a career in finance.

💡Career in Finance

A career in finance typically involves working in the financial services industry, such as banking, investment, or financial planning. The video outlines how NSE Academy certifications can aid individuals in establishing a career in this field.

💡Research Analyst

A research analyst is a professional who performs in-depth analysis of companies and markets to provide investment recommendations. The script mentions that the speaker has registered for the Research Analyst certification, indicating its importance for those interested in this career path.

💡Financial Advisor

A financial advisor provides professional advice on matters such as investments, insurance, and retirement planning. The video mentions becoming an independent financial advisor as one of the career paths that can benefit from the certifications discussed.

💡Mutual Fund

A mutual fund is an investment vehicle that pools money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other assets. The video discusses becoming a mutual fund distributor as a career option, highlighting the relevance of understanding mutual funds.

💡Regulation

Regulation refers to the rules and oversight provided by governing bodies to ensure fair practices in industries such as finance. The script mentions how the NSE regulates the stock market, similar to how the RBI regulates banks, underlining the importance of regulatory bodies.

💡Course Duration

The course duration refers to the length of time required to complete a course. The video mentions that the courses are affordable and have a reasonable duration, indicating that they are accessible for a wide range of individuals.

💡Mock Tests

Mock tests are practice exams that simulate the actual certification exams. The video suggests using mock tests as a study tool to gauge one's understanding and readiness for the certification exams.

💡Study Material

Study material refers to the resources provided for learning, such as textbooks, notes, and question banks. The video describes the process of receiving study material after registration and using it to prepare for the exams.

💡Exam Preparation

Exam preparation involves the strategies and activities undertaken by a student to ready themselves for an exam. The video provides a step-by-step guide on how to prepare for the NSE Academy certification exams, including understanding concepts, practicing with question banks, and taking mock tests.

Highlights

Introduction to the AIOSMS certification and its importance in the financial and stock market sectors.

AIOSMS is a certification provided by the National Institute of Security Markets and SEBI, regulating the entire stock market.

The certification is educational, aimed at those who want to build a career in finance or the stock market.

There are a total of 26 notifications, including one for the Research Analyst certification.

Three types of people can benefit from the certification: those starting a career in finance, graduates seeking postgraduate admission, and those looking to become independent financial advisors or investment advisors.

The certification helps in understanding one's strengths and interests in various financial subjects.

The certification can demonstrate proactiveness and interest for those seeking postgraduate studies.

Independent financial advisors and those wanting to start their own financial advisory business can benefit from the certification.

The speaker provides practical guidance based on their real-life five-year experience in finance.

An Excel has been created listing all AIOSMS courses, highlighting the difficulty level and other details.

The validity, fees, and test duration of the certification are discussed, along with the maximum passing marks and negative marking.

The speaker explains the process of registering for the certification, receiving login credentials, and accessing study materials.

Some exams can be taken online from home, while others require going to a center.

The importance of understanding all topics in the workbook and attempting a question bank without answers to assess understanding.

After completing the workbook and question bank, taking mock tests is recommended to gauge readiness for the actual exam.

If mock test scores are around 72-75%, one is likely prepared to attempt the AIOSMS certification.

The speaker emphasizes writing down all formulas on a piece of paper and revising them regularly.

For the most difficult exams like the Investment Advisor certification, online coaching or tuition may be necessary.

The speaker invites questions in the comment section and encourages subscribing to the channel for more finance-related content.