This complete guide to the NISM Research Analyst exam covers everything aspiring professionals need to know—from eligibility and syllabus to fees, study resources, and the certification process required to become a SEBI-registered analyst. The NISM Research Analyst certification is mandatory for individuals who wish to publish equity research reports or provide investment recommendations under SEBI regulations.

The guide explains who can apply for the NISM Research Analyst exam, including educational qualifications and experience requirements, along with a detailed breakdown of the latest syllabus and exam pattern. It also outlines registration fees, validity of certification, and recommended study material to help candidates prepare effectively.

In addition, the article highlights the regulatory framework governing analysts, including important SEBI orders that define compliance, ethics, and disclosure standards. For candidates planning to operate independently or through an exchange, the guide explains BSE RA Registration and its role in enabling analysts to offer services through the exchange platform.

You will also find clarity on the difference between BSE IA and Research Analyst registrations, helping professionals choose the right path based on their business model. Finally, practical preparation tips and post-exam steps are included to ensure a smooth journey toward SEBI registration and a successful career in research analysis.