The financial market needs candidates who can analyse companies, monitor the economic fluctuations and evaluate the opportunities to invest. Research analysts assist investors in investment decisions by analysing financial statements, business trends, risks and industries. Knowledge of securities market, research methodology, financial statements and valuation models will be created in candidates by this NISM Research Analyst course. For the students and working professionals in Faridabad, understanding these topics can help to create a basis for a career in research and investment services and a systematic approach for research analyst NISM Exam prep can also help to familiarize candidates with the exam pattern and gain relevant analytical skills.
Research Analyst Certification Examination aims to measure the candidate’s knowledge of the instruments of securities markets and conduct of investment research. Candidates in Faridabad can refer to the Research Analyst Certification Examination syllabus and research analyst certification study material.
The syllabus for this course includes the following: role & responsibilities of research analysts, structure of securities markets, market participants, terms and concepts related to equity and debt market.
Students study economical indicators, business models, industry developments, corporate governance, and financial performance. The core curriculum also covers basic and technical research methodology.
Among the key subjects that the above mention are: Analysis of financial statements, corporate actions, valuation and basic principles, analysis of commodities, investment return, market risk and how a return is affected by risk, and risk-adjusted return.
This course touches upon the features of a good research report, grading standards, SEBI guidelines, ethical principles, conflict of interest resolution, and disclosures.
According to the revised examination structure effective from 20 January 2026, the examination carries 100 marks and has a duration of two hours.
| Examination detail | Official structure |
| Multiple-choice questions | 80 questions |
| Case-based questions | 5 cases with 4 questions each |
| Total marks | 100 |
| Examination duration | 2 hours |
| Passing score | 60% |
| Negative marking | 25% of the marks assigned to each incorrect answer |
Candidates are advised to consider the NISM exam tests and the latest NISM official workbook before beginning the research analyst NISM exam prep . Please check the syllabus and the pattern of the examination, as they may change; therefore, candidates are advised to check the official website before registration.
Research analysts produce reports about financial securities to inform investors about the investment and risk factors involved. They are regulated to ensure that they work fairly and responsibly, and are committed to transparency.
The Securities and Exchange Board of India (SEBI) SEBI (Research Analysts) Regulations, 2014 regulate research analysts and lay down requirements for registration, professional conduct, disclosures and conflicts of interest.
Analysis involves a review of the financial status of companies, industries and securities, as well as the review of economic conditions, to produce research reports. This can involve financial statement analysis and reviews of business risks.
Analysts should adhere to relevant disclosure rules and avoid conflicts of interests. It is important for investors to receive clear communication about the reasons behind an analyst’s recommendations.
It creates a defined knowledge standard for professionals in the Research Analyst role. The regulatory environment knowledge is a key component of research analyst NISM exam prep and development.
Research analysts examine securities and publish reports that inform investors of the potential opportunities and risks associated with an investment. They are required to adhere to a framework that provides standards for transparency, transparency, and professional responsibility in research.
Research analysts are governed by the Securities and Exchange Board of India (SEBI) (Research Analysts) Regulations, 2014. They specify licensing requirements, research analyst duties, disclosures, and conflicts of interest.
Financial analysts study companies, industries, securities, and economic conditions to produce research reports. They may evaluate a company’s financial performance, its business risks, and offer their research-based investment opinions.
Between the analyst and the firm they work for, analysts need to be in compliance with relevant disclosure obligations. When analysts communicate their position transparently and do their own research, investors will better understand their advice.
The exam defines the minimum competency criteria for the relevant research analyst professionals. NISM-Series-XV exam learning objective will also be covering the knowledge of the regulatory environment.
Financial analysis is important for those who want to have a clear picture of how a company earns money, how it manages its assets, and how it deals with its liabilities. These skills are also important in Financial valuation of a business or securities by using financial data.
Financial statements list out revenue, costs, and profit in the profit/loss statement. They also list the assets, liabilities and owners equity in the balance sheet. The cash flow statement illustrates how the money flows in and out of the business.
Profits, liquidity, leverage, return, and efficiency ratios are used by analysts to measure the performance of a business. A more accurate assessment of a company’s financial strength can be made through a comparison of these ratios over time and to the ratios of similar businesses.
Usual methods are to use the Discounted Cash Flow (DCF) model, Price-to-Earnings (P/E) ratio, Price-to-Book (P/B) ratio, and Enterprise Value to EBITDA. The financial valuation of a company involves assumptions that the estimated value can fluctuate with increased future profit, risk and growth.
A high quality research report describes company background, financials, valuation models, risks associated with the investment, and supporting evidence. In the NISM Research Analyst course, report quality, rating conventions and checklist based research review are also included.
A structured learning process can assist candidates to assimilate financial concepts and relate it to market real scenarios. It can also provide a more concrete pathway for accumulation of knowledge applicable to research/ investment related roles.
Studying securities markets and company analysis and Financial valuation will allow you to consolidate your theoretical knowledge while gaining exposure to practical financial research techniques.
Those in banking, accounting, finance, or investment services will benefit from upskilling their knowledge of financial statements, market risks and research techniques.
Frequent data interpretation practice through company reports, financial ratios, and case study questions can help build analytical skills and give us insight into explaining research findings.
An exam plan based on the official syllabus, mock questions, and revision can add order and clarity to exam preparation.
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For candidates aspiring to gain a research analyst certification, NISM Research Analyst can open the doors to the securities markets, research techniques, financial analysis and valuation, and regulatory requirements. Develop a better grasp of concepts to strengthen your analysis and decision-making. Regular revision, lots of real life examples and targeted preparation for the Exam can enable you to excel in the Examination. Understanding research concepts can also create a basis for entering financial services.
It is the NISM-Series-XV certification exam to evaluate your knowledge related to securities markets, research, financial analysis and the regulatory environment.
Those considering a career in financial markets & research can go through the official certification requirements & registration process for NISM on the official site before applying.
The new test consists of 80 multiple choice questions and five case-based sets each consisting of four questions (100 marks). Time allowed is two hours; pass mark is 60% and negative marking for false answers will be 25%.
Securities Markets, Economic and Industry Analysis, Company Analysis, Financial Statements, Financial Valuation, Risk and Return, Research Reporting, Regulatory Requirements.
