The NISM Series-XV: Research Analyst Certification is a mandatory qualification for individuals who wish to operate as research analysts under SEBI (Research Analyst) Regulations, 2014. This course builds a strong foundation in equity research, financial analysis, valuation, and compliance, ensuring every candidate meets the minimum required knowledge benchmark for the profession.

Whether you're a registered research analyst, an employed analyst, or a partner preparing or publishing research reports, this course is essential for regulatory compliance and professional excellence.

Candidates must clear this certification to fulfill Regulation 7(2) of the SEBI (RA) Regulations, 2014 — enhancing the quality and integrity of analytical services in India’s financial markets.

✳️ Examination Objectives:

Upon successful completion of this exam, learners will demonstrate a strong understanding in:

• Fundamentals of Indian securities markets
• SEBI regulatory framework for research analysts
• Roles, responsibilities, and limitations of research analysts
• Ethical principles, report writing, and conflict-of-interest mitigation
• Research process, valuation methods, and investment recommendations

This course prepares you to think critically, act ethically, and produce quality research in today’s fast-paced market.