Free NISM Mock Tests for Certification Preparation

Practice exams for mutual fund distribution, RTA mutual fund operations, and investor-service fundamentals.

Currency, equity, interest-rate, commodity, and common derivatives practice sets.

Investment adviser level 1, level 2, renewal, retirement planning, suitability, and advisory ethics.

Research analyst and renewal practice covering economy, industry, company analysis, valuation, and disclosures.

Depository, securities operations, RTA corporate work, settlement, KYC, and investor records.

Compliance, inspections, AML/CFT, customer due diligence, suspicious transaction, and reporting practice.

Foundation-level securities market and investor awareness preparation.

Issue management, due diligence, offer documents, SEBI regulations, and post-issue responsibilities.

AIF Category I, II, III, fund manager, private placement, and risk-disclosure practice.

PMS distributor and portfolio manager preparation with suitability, mandates, and performance review.

Practice material for social impact assessment, social stock exchange, reporting, and assurance.

IBBI valuation practice for land and building, plant and machinery, and securities or financial assets.

Understand Net Asset Value, how it is calculated, and why it matters in mutual fund exams.

Compare SIP, STP, and SWP from an investor planning and mutual fund distribution perspective.

Learn Delta, Gamma, Theta, Vega, and Rho for equity derivatives mock-test preparation.

Understand valuation methods used in research analyst preparation: DCF, relative valuation, and ratios.

Review risk controls across derivatives, operations, advisory, and securities market exams.

Review capital gains, holding period, dividend taxation, and tax-aware mutual fund suitability.

Understand how the riskometer helps investors compare risk levels across mutual fund schemes.

Learn expense ratio, direct plan, regular plan, exit load, and how costs affect investor returns.

Review cost of carry, spot price, futures price, and basis for derivatives exams.

Understand in-the-money, at-the-money, and out-of-the-money calls and puts.

Learn why margins are collected and how daily mark-to-market settlement works.

Understand how futures and options are used to reduce portfolio and price risk.

Review liquidity, profitability, leverage, efficiency, and valuation ratios for research exams.

Learn discounted cash flow basics, discount rate, terminal value, and assumption sensitivity.

Understand why conflicts, assumptions, risk factors, and disclosures matter in research reports.

Learn risk tolerance, risk capacity, time horizon, liquidity needs, and suitability.

Understand strategic and tactical asset allocation in financial planning.

Review retirement goal planning, pension income, NPS, annuity, and asset allocation.

Understand customer due diligence, AML red flags, suspicious transactions, and record keeping.

Review order placement, execution, clearing, settlement, contract notes, and post-trade controls.

Learn demat accounts, beneficial ownership, pledging, settlement, and depository participant roles.

Understand Category I, II, and III Alternative Investment Funds at a high level.

Review portfolio management services, client mandates, disclosure, suitability, and performance reporting.

Review market, income, and cost approaches for valuing securities and financial assets.

Understand social impact goals, measurement, reporting, theory of change, and assurance.