NISM Series II:
RTA Operations.
The invisible infrastructure of capital markets. Registrars and Transfer Agents (KFin, CAMS, Link Intime) process every IPO application, every share transfer, every corporate action, and every mutual fund transaction in India.
Choose Your Variant
RTA — Corporate Securities
For employees handling IPO processing, share transfers, and corporate actions at RTAs like KFin Technologies, CAMS, and Link Intime.
RTA — Mutual Fund
For employees processing MF transactions — SIPs, redemptions, switches, and NAV computation support at CAMS and KFin.
**RTAs are the back-end processing engines** of Indian capital markets. Every IPO application goes through an RTA. Every share transfer is processed by an RTA. Every mutual fund SIP, every redemption, every CAS statement — all processed by RTAs.
The three major RTAs in India are **KFin Technologies** (formerly Karvy Fintech), **CAMS** (Computer Age Management Services), and **Link Intime**. Together, they process billions of transactions every year.
**Series II-A** covers corporate registrar functions — IPO application processing, share transfers, corporate actions (bonus, split, dividend), and SEBI (RTA) Regulations.
**Series II-B** covers mutual fund registrar functions — SIP/STP/SWP processing, folio management, NAV computation support, CAS generation, and MF-specific regulations.
Both are niche certifications — only relevant if you actually work at an RTA. But within that niche, they're mandatory for operational roles.
Every IPO you apply for, every SIP you run, every share transfer you make — it all flows through RTAs. Series II certifies the invisible processors.
01. Study Strategy
Process Over Theory
RTA Functions (Ch 2+3) carry 40% combined in both variants
The core of the exam — registrar functions for IPO processing, share transfers (II-A) or MF transaction processing (II-B). Know the workflows.
Regulatory Framework carries 15%
SEBI (RTA) Regulations 1993 — know key provisions about registration, obligations, and compliance requirements.
Passing score is only 50%
The lowest threshold among NISM exams (shared with V-A, V-B, and VII). Combined with process-based questions, this is achievable with workbook reading.
If you work at an RTA, daily operations ARE the syllabus
Working professionals will find 60-70% of the content familiar from daily work. Focus on regulatory provisions you don't encounter daily.
02. Career Paths
RTA Operations
RTA Operations (KFin, CAMS)
Process IPO applications, share transfers, and corporate actions at India's leading RTAs.
MF Transaction Processing
Handle SIP setup, folio creation, redemption processing, and CAS generation for mutual fund investors.
Corporate Actions Processor
Process bonus issues, stock splits, dividend payments, and rights issues through the RTA infrastructure.
Share Registry Manager
Manage shareholder records, transfer registers, and investor communications for listed companies.
FAQ
Frequently Asked Questions
What is NISM Series II?
Certifies Registrar & Transfer Agent professionals — II-A for corporate actions (IPO, bonus, dividends) and II-B for mutual fund RTAs (NAV computation, redemption processing).
Who needs NISM Series II?
Employees at KFin Technologies, CAMS, Link Intime, and other SEBI-registered RTAs processing investor transactions.
Related Certifications
Certify RTA Expertise
The back-end processing certification for India's RTA infrastructure.
Written By
Rohit Singh
Mr. Chartist
With 14+ years of experience in Indian financial markets, Rohit Singh (Mr. Chartist) is a SEBI Registered Research Analyst, Amazon #1 bestselling author, and the founder of Investology.