Introduction to NISM Series VIII Certification
The NISM Series VIII: Equity Derivatives Certification Examination is one of the most popular and essential qualifications mandated by SEBI for anyone aspiring to work in the derivatives segment of Indian financial markets, including equity dealers, traders, relationship managers, and research analysts.
Key Examination Highlights
- Total Questions: 100 Multiple Choice Questions (MCQs)
- Maximum Marks: 100 Marks (1 mark per question)
- Duration: 120 Minutes (2 Hours)
- Passing Score: 60% (60 Marks)
- Negative Marking: 0.25% marks deducted for every incorrect response
Top High-Weightage Chapters
To maximize your score with focused study time, pay special attention to these core areas:
- Chapter 5 & 6: Option Basics & Strategies — Represents over 35-40% of the entire question paper (Bull Call Spread, Straddle, Protective Put, Greeks like Delta, Theta, Vega).
- Chapter 4: Futures Pricing and Hedging Strategies — Cash-and-carry arbitrage, basis calculation, and cost of carry model.
- Chapter 7: Regulatory and Legal Framework — SEBI mandates, position limits, and clearing mechanisms.
Golden Rules for Exam Day
Always solve at least 5 to 10 full-length timed mock tests before booking your final slot. Make sure not to make blind guesses due to the 25% negative marking penalty.
