What is the passing score in NISM exams?

The passing score depends on the module. For NISM Series VIII (Equity Derivatives), it is 60%. Other modules set their own pass marks, listed in each module’s workbook and on the NISM portal.

Since many NISM exams also have negative marking, the effective target is higher than it looks. In Series VIII, with 25% negative marking, a few wrong guesses can pull a 62% attempt below the line.

A sensible plan is to aim well above the cut-off in practice tests. If your mock scores sit around 70% to 75% consistently, you’re in a comfortable zone for a 60% pass mark. If they hover at 60%, one tough paper can push you below.

Here’s what we see often: a student scores 64% on one mock, assumes they’re ready and books the exam. On the actual day, two or three tricky numerical questions go wrong, and the result shows 57%. Then they wait, rebook and pay again.

Also keep the validity in mind. Certificates such as Series VIII are valid for three years, so plan renewal if you’re using it for a job.

Our NISM exam preparation classes in Mumbai run 4 to 6 weeks with timed practice, so you walk in with a margin above the cut-off. You can join a free demo lecture at our Dadar or Thane branch first.