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NISM Series XIII

XIII

NISM Series XIII (Common Derivatives) certifies your knowledge of equity, currency, and interest rate derivatives. This page covers the exam pattern, syllabus weightage, and pass criteria — everything you need before you start preparing.

Exam pattern

Questions

150

Duration

180 minutes

Passing criteria

60% (90/150)

Negative marking

25% per wrong answer

Syllabus & weightage
1. Basics of Derivatives4%
2. Introduction to the Underlying Markets16%
3. Introduction to Forwards and Futures13%
4. Strategies Using Futures16%
5. Introduction to Options15%
6. Option Trading Strategies3%
7. Introduction to Trading, Clearing, Settlement & Risk Management17%
8. Legal and Regulatory Environment9%
9. Accounting and Taxation4%
10. Sales Practices, Code of Conduct and Investor Protection Measures3%
Why it matters

Common Derivatives certification is mandatory for professionals dealing in exchange-traded derivatives across asset classes, and is a natural upgrade path for mutual fund distributors moving into a multi-asset desk.