SEBI Certified - Series XV

NISM Series XV: Research Analyst Certification

Become a SEBI-registered Research Analyst with specialized training in equity research, financial modeling, and stock valuation. Launch your career in investment research.

10 Weeks
Live + Recorded
SEBI Registration

About NISM Research Analyst Certification

The NISM Series XV Research Analyst certification is mandatory for individuals who wish to work as Research Analysts providing recommendations on securities markets. This certification is recognized by SEBI (Securities and Exchange Board of India) and is essential for registration as a Research Analyst.

Our comprehensive program not only prepares you for the NISM exam but also teaches you practical equity research skills including financial modeling, company analysis, valuation techniques, and report writing used by professional analysts in top investment firms.

What You'll Learn

Securities market regulations
Company fundamental analysis
Financial statement analysis
Ratio analysis and interpretation
Business and industry analysis
Valuation methods (DCF, PE, etc.)
Financial modeling in Excel
Research report writing
Economic analysis
Corporate governance
Research analyst code of conduct
Risk assessment frameworks

Who Should Take This Course

Finance graduates wanting to work in equity research
Existing traders seeking professional analyst certification
Investment advisers expanding their credentials
CA/CFA candidates looking to specialize in research
Working professionals transitioning to financial analysis
Anyone aspiring to become a SEBI-registered Research Analyst

Career Opportunities

Equity Research Analyst
Independent Research Analyst
Investment Analyst
Financial Analyst
Portfolio Analyst
Research Report Writer
₹15,999

Complete certification package

10 weeks comprehensive training
40+ live sessions with experts
Recorded video library access
200+ practice questions
5 full-length mock tests
Excel financial modeling templates
Study material + workbook
SEBI registration guidance
Start NISM Training

Program Details

Duration10 Weeks
Live Classes40+ Sessions
LevelIntermediate to Advanced
LanguageHindi & English
FormatOnline Live + Recorded
CertificationNISM Series XV

SEBI Registration

After passing the exam, we provide complete guidance on SEBI registration process, documentation, and setting up your research analyst practice.

Comprehensive Curriculum

1
Module 1

Securities Market & Regulations

  • Structure of Indian securities market
  • SEBI regulations and guidelines
  • Market intermediaries and their roles
  • Investor protection mechanisms
  • Research analyst regulations
  • Code of conduct for research analysts
2
Module 2

Economic & Industry Analysis

  • Macroeconomic indicators
  • GDP, inflation, interest rates
  • Monetary and fiscal policy
  • Industry life cycle analysis
  • Porter's Five Forces framework
  • Competitive landscape evaluation
3
Module 3

Company & Business Analysis

  • Business model evaluation
  • Management quality assessment
  • Corporate governance analysis
  • Competitive advantages (MOAT)
  • Growth drivers identification
  • Risk factor analysis
4
Module 4

Financial Statement Analysis

  • Balance sheet deep dive
  • P&L statement analysis
  • Cash flow statement interpretation
  • Notes to accounts examination
  • Quality of earnings assessment
  • Red flags in financial statements
5
Module 5

Ratio Analysis & Interpretation

  • Profitability ratios (ROE, ROA, ROCE)
  • Liquidity and solvency ratios
  • Efficiency ratios (asset turnover)
  • Leverage ratios (D/E ratio)
  • Valuation ratios (PE, PB, P/S)
  • Comparative ratio analysis
6
Module 6

Valuation Techniques

  • Discounted Cash Flow (DCF) method
  • Relative valuation (PE, PB multiples)
  • Enterprise Value (EV) calculations
  • Sum-of-the-parts valuation
  • Asset-based valuation
  • Comparable company analysis
7
Module 7

Financial Modeling

  • Excel financial modeling basics
  • Revenue and expense forecasting
  • Three-statement model building
  • DCF model construction
  • Sensitivity and scenario analysis
  • Model best practices
8
Module 8

Research Report Writing

  • Research report structure
  • Investment thesis development
  • Writing executive summaries
  • Presenting financial analysis
  • Buy/Sell/Hold recommendations
  • Professional report formatting
9
Module 9

Exam Preparation

  • NISM exam pattern and syllabus
  • Chapter-wise practice questions
  • Mock test series (5 full tests)
  • Time management strategies
  • Key concepts revision
  • Exam tips and tricks
10
Module 10

SEBI Registration & Career

  • SEBI registration process
  • Documentation requirements
  • Setting up research practice
  • Building client relationships
  • Career path in equity research
  • Continuing professional education

NISM Series XV Exam Details

Exam Format

Total Questions100 MCQs
Duration2 Hours
Passing Marks60% (60/100)
Exam ModeOnline (CBT)
Negative MarkingNo

Certification Benefits

SEBI registration eligibility
Career in top investment firms
Independent research practice
Industry recognition
Higher earning potential

Frequently Asked Questions

What are the eligibility criteria for NISM Research Analyst certification?

You must have a graduate degree (minimum) in any discipline from a recognized university. Post-graduates and professionals with relevant work experience are also eligible.

How long is the NISM Series XV certificate valid?

The certification is valid for 3 years from the date of passing the exam. You need to renew it by taking a CPE (Continuing Professional Education) program.

Can I become a Research Analyst immediately after passing the exam?

After passing the exam, you need to register with SEBI as a Research Analyst. The registration process involves submitting required documents and paying registration fees.

What is the success rate of your students in NISM Series XV?

Our comprehensive training program has helped 90%+ students pass the NISM Series XV exam on their first attempt with thorough preparation and practice.

Do you provide career support after certification?

Yes, we provide complete SEBI registration guidance, help with setting up research practice, and offer career counseling for placements in equity research roles.

Launch Your Career as a SEBI-Registered Research Analyst

Get expert training, pass the NISM Series XV exam, and start your professional journey in equity research with complete SEBI registration support.

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