National Institute of Securities Market (NISM) today issued a press release mentioning that Aadhar Card Number as well as Aadhar Card Scanned Image will be mandatory for registering on its Online Certification Portal. So far, Permanent Account Number (PAN Card) was the only mandatory document required for registering for NISM Certification Examinations and Continuing Professional Education (CPE) Programmes.

The following is my opinion after following NSE, BSE, NISM and Indian Stock Markets since past many years and also after undertaking various NISM, NCFM, BCFM exams. Before coming to any conclusion, let me provide you a short history about both NCFM and NISM.

The National Centre for Financial Education (NCFE) has today declared the results of its national level financial literacy tests, namely, NFLAT and NFLAT Junior. The NFLAT exams were conducted during the period November 25, 2016 to January 07, 2017. NFLAT and NFLAT Junior 2016-17 were conducted in both online and offline mode, across more than 1800 schools in India and more than 2,37,000 students participated in the online test. The qualifying schools for the 2nd Round of the competition of NCFE-NFLAT 2016-17 were declared today. The results consists of Top 10 Schools from each zone, Individual Regional Students Winners for NFLAT and NFLAT Junior.

NISM Mock Tests are nothing but practice exams that people take before appearing for the final exam so that they can assess their level of preparation. NISM Mock Exams are usually taken by candidates who are about to appear for an important exam. From NISM Mutual Fund Distributors to NISM Investment Adviser or NISM Equity Derivatives, every NISM Exam has unique mock test of its own. These exams are extremely helpful to any candidate looking to pass these NISM certifications. But what do we stand to gain from such NISM mock tests?

Being a Mutual Fund Agent / Distributor can be a great part-time source of revenue for most people in India. With more than 40 Asset Management Companies having above 11500 schemes, constituting about 16 lakh crores of Assets Under Management (AUM), clearly only a bunch of 15000+ active distributors won’t be sufficient.

So here’s a simple guide to how to become a Mutual Fund Distributor in India:

A few months back, one of our users posted a query on our discussion forum regarding various job options available after passing the NISM Series VIII Equity Derivatives Certification. One of our fellow PrepCafe users who works as an equity derivatives trader, responded in a detailed manner. In this blog post, we thought of sharing the response for benefit of our users. Here's what Mr. Bhanu had to say:

PrepCafe.in today announced the launch of free online test series / quiz for the National Financial Literacy Assessment Test (NFLAT). The PrepCafe NFLAT Sample Test Series is a simulated exam environment created to provide a real feel of the actual NFLAT examination including the Test Questions. The NFLAT Sample Quiz consists of 75 questions of 100 marks pulled randomly from the NFLAT question bank of more than 500 questions. Questions range from various topics such as banking, insurance, borrowing and lending, securities markets, retirement products, etc. PrepCafe also provides free study material download for NCFE NFLAT 2014-15.

National Centre for Financial Education (NCFE) conducts a first of its kind National Financial Literarcy Assessment Test (NFLAT) to measure the level of financial literacy among school students. Through this test NCFE aims to encourage school students to obtain basic financial skills which are essential for their full participation in society.

Targeted towards school students of Class VIII to X, NCFE-NFLAT would assess their knowledge on topics such as Money, Savings, Banking, Budgeting, Insurance, Investment, Retirement planning, etc. The test is conducted online across the country, both in English and Hindi.

Puzzled with the complex structure of NISM Exams? Or confused by SEBI Circulars? PrepCafe makes it simple to understand which exam you should be undertaking:

Disclaimer: The following information is based on interpretation drawn from the respective Circulars issued by SEBI from time to time. For detailed interpretation, candidates are requested to seek appropriate legal advice or clarification from SEBI.

Hundreds of students approach us for guidance on how to clear or pass NISM Certification Examinations. PrepCafe has been guiding students on regular basis and also assisting them in their exam preparation through mock tests, study material, etc. We thought of sharing these exam tips with all of you to benefit you all. Here are some useful tips:

• Select the Right Exam and Study Material
• Read the Workbook cover-to-cover
• Take PrepCafe Mocks (Practice Exams)
• Register and Enroll Online on NISM Certifications Portal
• Pass the Exam