About NISM ED Exam
The NISM Equity Derivatives Certification sets a minimum knowledge standard for anyone working in the equity derivatives market, especially those in sales and trading roles. It is designed for:
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Approved users and sales personnel of trading members of equity derivatives segments
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Students and professionals interested in financial markets
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Anyone looking to build a career in equity trading or derivatives
This certification helps ensure that market participants understand key concepts, regulations, and trading practices in the equity derivatives space.
Want to crack the exam? Practice with our premium-quality mock tests designed to match the real exam experience.
ED Exam Objectives
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Understand the basics of equity derivatives in India
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Learn how futures and options work on stocks and stock indices
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Explore trading strategies using derivatives for different market conditions
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Get familiar with how clearing, settlement, and risk management work
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Understand the regulatory environment and compliance standards in equity derivatives
Important Info
- NISM Exams Fees: Rs.1500+
- Exam Duration: 2 Hours
- eNo. of Questions: 100
- Total Marks: 100
- Pass Percentage: 60
- ONegative Marks: 25%
- Certificate Validity: 3 Years
Important Links
Chapter-wise Weightage
| # | Chapters | Weightage |
| 1 | Basics of Derivatives | 10% |
| 2 | Understanding Index | 5% |
| 3 | Introduction to Forwards and Futures | 20% |
| 4 | Introduction to Options | 20% |
| 5 | Strategies using Equity Futures and Options | 10% |
| 6 | Trading Mechanism | 10% |
| 7 | Introduction to Clearing and Settlement System | 10% |
| 8 | Legal and Regulatory Environment | 5% |
| 9 | Accounting and Taxation | 5% |
| 10 | Sales Practices and Investor Protection Services | 5% |
| Total | 100% |
FAQs on NISM MFD Exam
1. Who can take the Equity Derivatives Certification Exam?
This exam is open to:
- Professionals involved in equity F&O trading and advisory, and those working as sub-brokers or relationship managers.
- Students and professionals interested in learning about mutual funds.
- Any other individuals seeking certification.
2. Who is required to take this exam?
This exam is mandatory for associated persons functioning as approved users and sales staff of trading members in equity derivatives segments of recognized stock exchanges.
However, a large number of students also take this exam to boost their chance of getting a job in the mutual fund industry.
3. How can I register for the exam?
You can register online through the following:
- NISM’s official website: NISM Certification Portal
After registering, select your preferred test center, date, and time slot, and follow the instructions provided by the test administrator.
4. What is the exam fee?
The registration fee for the exam is ₹1,500 excluding applicable taxes. Please cross check here for any changes in the fee.
5. What is the structure of the examination?
- Total Marks: 100
- Number of Questions: 100
- Time Limit: 2 hours
- Passing Score: 60%
- Negative Marking: 25%
6. Is study material available for preparation?
Yes, after enrolling, you will receive a free soft copy of the workbook/study material. If you face issues, contact the NISM test administrator at certification@nism.ac.in.
You can also purchase hard copies through Taxmann Publications.
Follow our News and Updates page for various tips and tricks that will help in your preparation for this exam.
7. Can I access sample questions or mock tests?
Sample questions are included at the end of each chapter in the workbook. You can also access our NISM ED mock tests prepared by ex-NISM officials and improve your chances of passing the exam.
8. When will I receive my certificate after passing the exam?
If you provided your PAN during registration, you’ll receive the certificate within two weeks. Without PAN, you will only receive a temporary mark sheet.
9. How do I get my certificate if I didn’t provide my PAN during registration?
Submit your PAN details to the test administrator anytime after the exam. Once verified, your certificate will be issued at no extra cost.
10. What is the validity of the certificate, and how can I renew it?
The certificate is valid for 3 years from the exam date.
To renew, you must either:
- Take the NISM Continuing Professional Education (CPE) program, or
- Reappear for the Equity Derivatives Certification Examination before the certificate expires.