NISM Series XI: Equity Sales Certification Examination

Who Should Prepare NISM 11 Equity Sales Certification Examination?

This NISM Certification mostly covers concepts related to Equity Sales. After preparing for NISM Series XI, you will learn about the basics of Indian Securities Market and it’s Regulatory Framework. This module also covers topics like Primary Market, Secondary Market, Trading and Risk Management as well as Client Management and Market Surveillance. Anyone who work as equity dealer or jobs related to it can prepare for this NISM Module.

Study Material For NISM Series XI:

You can buy Nism 11 workbook from Amazon or you can get Ebook of NISM 3B from here free of cost from our website.

We have also provided Free Mock test for Nism Series XI in this website. Our Nism Mock test discuss all the relevant concepts of this NISM Certification in detail and provide accurate explanation for every question with numericals.


1Overview of Indian Securities MarketEasy
2Regulatory FrameworkMedium
3Primary Market.Medium
4Secondary MarketMedium
5Understanding Market IndicatorsTough
6Trading and Risk ManagementMedium
7Clearing and SettlementMedium
8Market SurveillanceMedium
9Client ManagementMedium

NISM Series 11 Summary of all Units:

1. Overview of Indian Securities Market

1.1 Introduction.
1.2 Market Regulators.
1.3 Market Segments.
1.4 Market Participants.
1.5 Types of Investors.
1.6 Some Key Concepts.

2. Regulatory Framework

2.1 Securities Contracts (Regulation) Act, 1956.
2.2 Securities Contracts (Regulation) Rules, 1957.
2.3 Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations.
2.4 Securities and Exchange Board of India Act, 1992.
2.5 The Depositories Act, 1996.
2.6 The Companies Act.
2.7 Prevention of Money Laundering Act, 2002.
2.8 SEBI (Stock Brokers & Sub-brokers) Regulations, 1992.
2.9 SEBI (Prohibition of Insider Trading) Regulations, 2015.
2.10 SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Markets)
Regulation, 2003.
2.11 Authorised Persons.

3. Primary Market.

3.1 Introduction.
3.2 Issue of Shares.
3.3 Public Issue.

4. Secondary Market.

4.1 Introduction.
4.2 Functioning of the Secondary Market.
4.3 Market Phases.

5. Understanding Market Indicators.

5.1 Index and its Significance.
5.2 Types of Indices based on Calculation Methodology.
5.3 Major Indices in India.
5.4 Impact cost – A Measure of Market Liquidity.
5.5 Risk and Beta.
5.6 Market Capitalization Ratio.
5.7 Turnover Ratio.
5.8 Fundamental Analysis.
5.9 Technical Analysis.

6. Trading and Risk Management.

6.1 Trading Systems in India .
6.2 Orders.
6.3 Trade Life Cycle.
6.4 Mechanism of Circuit Breakers.
6.5 Transaction Charges.
6.6 Capital Adequacy Requirements of Trading Members.
6.7 Risk Management System.
6.8 Margin Trading.

7. Clearing and Settlement

7.1 Types of Accounts.
7.2 Clearing Process.

8. Market Surveillance

8.1 Introduction.
8.2 Market Surveillance Mechanism in Exchanges.
8.3 Market Surveillance Mechanism.

9. Client Management

9.1 Introduction.
9.2 Types of Risks.
9.3 Risk Profiling of Investors.
9.4 Financial Planning.
9.5 Product Suitability.
9.6 Review of Client’s Portfolio.
9.7 Client Account.
9.8 Taxation.
9.9 Investor Grievance Mechanism.

NISM Equity Sales Mock Test (Play And Earn):


#1. T-bills issued by

T-bills are used for managing liquidity for the  government of India and are issued by RBI in behalf of the government.

#2. OD is used for comparison of schemes

Offer Document (OD) is used  to get information about scheme

#3. A debenture is/are issued by

A debenture are debt instrument issued by both  Government and Corporations.

#4. Certificate of Deposits are issued by

Certificate of Deposits are issued by Scheduled banks  

#5. Who prescribed Compliance officer ?

SEBI prescribed Compliance officer whose job is to get  information from key personnel of Mutual fund  schemes about the  shares they  buy and  sell. It is  mandatory  for them to provide information to Compliance officer on half yearly  basis.

#6. Distributor's job is to hold shares for safekeeping?

As per SEBI , Custodian must holds shares for for safekeeping 

#7. Who can be considered as Promoter of AMC?

Sponsors can be considered as Promoter of Asset Management Company 

#8. Which of the following expenses can be charged to Mutual fund scheme ?

Expenses can be charged only for the management of fund 

#9. Which fund is good for emergency redemption of money ?

Liquid fund  is important  for  any investor’s  portfolio  as there is no lock-in period one can withdraw  money  anytime. Liquid fund is good for emergency redemption of money. 

#10. Transaction in the platforms of BSE and NSE are governed by

NSE and BSE are transaction aggregator.

So the transactional disputes and Transactions in the platforms of BSE and NSE are governed by AMC.

#11. Certificate of Deposits are issued to

Certificate of Deposits are issued  to Individuals as well as Corporations.

But issued  by Scheduled banks.


Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges.

As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. Past performance of securities/instruments is not indicative of their future performance. This post is only for Educational purpose.

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