NISM Series XXV-B case studies

NISM-Series-XXV-B is a National Institute of Securities Markets certification examination titled 'Persons Associated with Investment Advice (Sales and Other Non-Core Services)'. NISM is a public trust established in 2006 by the Securities and Exchange Board of India (SEBI), the regulator of the securities markets in India, and it publishes this module within its family of SEBI-mandated and non-mandated certifications for securities-market professionals. The framework for this particular examination was announced through a SEBI circular dated June 24, 2026, and the module is listed on the NISM site under the 'Persons Associated - Research Services / Investment Advice' group of certifications. The credential is aimed at people who support investment advisory businesses in sales and other non-core functions - client-facing distribution, servicing and support roles that sit alongside, but do not themselves perform, the core advisory act. The NISM Series XXV-B case studies are 5 cases and about 4,865 words.