NISM Series X-A: Frequently Asked Questions
Fee, validity, negative marking, re-attempts and renewal: the questions candidates actually ask.
The questions candidates ask most about NISM Series X-A, answered in one line each where one line is honest.
The exam itself
What is the passing score for NISM Series X-A?expand_more
90 out of 150 (60%). There is no sectional cut-off: the requirement is on the paper as a whole.
How long is the NISM Series X-A exam?expand_more
3 hours (180 minutes) for a 150-mark objective, computer-based paper. The result appears on screen as soon as you submit.
Does NISM Series X-A have negative marking?expand_more
Yes. 0.25 marks are deducted per incorrect answer. Confirm the current rule on your admit card before exam day.
What is the NISM Series X-A exam fee?expand_more
₹3,000 plus applicable GST, payable online at booking. The fee applies per attempt.
How long is NISM Series X-A valid?expand_more
3 years from the date of passing. To stay certified you either pass the exam again or complete the CPE programme before it expires.
When is the next NISM Series X-A exam date?expand_more
There isn't one. NISM certification exams run on demand throughout the year, so you register, choose a test centre and pick your own slot, typically within a week or two.
More about Investment Adviser (Level 1)
What is the difference between Series X-A and X-B?expand_more
Series X-A (Level 1) is a prerequisite for X-B (Level 2). X-A covers foundational investment advisory concepts. X-B goes deeper into advanced portfolio management, derivatives, and complex financial instruments. Both are needed for full SEBI IA registration.
Why does Series X-A cost ₹3,000?expand_more
Series X-A costs ₹3,000 because it is a 180-minute, 150-mark advanced exam requiring significantly more preparation. This higher fee reflects the exam's depth and the seriousness of the Investment Adviser credential.
Free account, this exam preselected.