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NISM
National Institute of Securities Markets, a SEBI body that runs market certification exams.
Example. The NISM Series V-A exam is the one mutual fund distributors must pass.
NISM (National Institute of Securities Markets) is an institution set up by SEBI. It runs the certification exams that people working in India’s securities markets must pass. For mutual fund distributors, the relevant one is the NISM Series V-A exam.