Build a career as a NISM Series XXV-B
The SEBI-mandated certification for sales and support staff at Investment Adviser firms who don't give the advice themselves.
Know the NISM Series XXV-B before you start
50 MCQs (1 mark each)
Total Questions
50
Total Marks
50% (25/50), no negative marking
Pass Mark
3 years
Certificate Validity
Roles & salary as you grow
The NISM Series XXV-B opens an entry role that promotes upward: here's the ladder and what each rung pays.
Stage 1
Client Relationship Associate, IA firm
₹4–9 LPA
Onboards and services clients of a SEBI-registered Investment Adviser without providing the advice itself.
Stage 2
Sales Executive, Investment Advisory
₹4–10 LPA
Sells and markets an IA firm's advisory services under the firm's registered adviser.
*Indicative ranges from public data; actual pay varies by employer, city and cycle.
Are you eligible?
Education
No strict educational bar published by NISM.
Age
No prescribed minimum age.
Nationality
Sales, administrative and client-onboarding staff of SEBI-registered Investment Adviser (IA) firms in India.
How the NISM Series XXV-B is structured
An internet-based exam conducted in a remotely proctored environment: 50 MCQs (1 mark each) for 50 marks, in 60 minutes. The pass mark is 50% (25 marks) with no negative marking. The certificate is valid for 3 years, subject to furnishing a PAN at registration.
NISM Series XXV-B Certification Exam
What you'll study
menu_bookInvestment Advisory Framework
menu_bookConduct and Compliance
How to crack the NISM Series XXV-B
Register on the NISM certification portal
Create an account at certifications.nism.ac.in with your PAN, email and mobile number.
Select the exam and pay the fee
Choose NISM-Series-XXV-B and pay the ₹1,500 registration fee (plus payment gateway charges) online.
Book your remote-proctored slot
Schedule the internet-based exam; no physical test centre visit is required.
Take the exam
50 questions, 60 minutes, no negative marking. Score at least 25/50 (50%) to pass.
The NISM Series XXV-B cycle
24 June 2026
1 June 2026
3 years from passing
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NISM Series XXV-B: common questions
Who needs NISM Series XXV-B?
Persons associated with investment advice under Regulation 2(r) of the SEBI (Investment Advisers) Regulations, 2013 — sales, administrative and client-onboarding staff at a SEBI-registered Investment Adviser firm who are not themselves the registered adviser.
How is XXV-B different from Series X-A / X-B?
Series X-A and X-B certify the registered Investment Adviser who actually gives advice. XXV-B certifies the firm's sales and non-core support staff, who do not give advice themselves.
Is there negative marking?
No. The 50-question, 60-minute exam has no negative marking.
What is the exam fee?
₹1,500 plus applicable payment gateway charges.
When did this exam launch?
NISM Series XXV-B is effective from 1 June 2026, under a SEBI circular dated 24 June 2026.
More NISM Advisory & Distribution pathways
NISM Series XXI-A
Become a SEBI-recognised certified PMS distributor equipped to sell and distribute Portfolio Management Services.
NISM Series XV-B
The renewal exam for NISM Series XV holders — a refresher training video plus a one-hour, no-negative-marking assessment.
NISM Series IX
The SEBI-mandated certification for employees of SEBI-registered merchant bankers handling IPOs, buybacks, takeovers and delistings.