Mission
To engage in capacity building among stakeholders in the securities markets through
financial literacy, professional education, certification, enhancing governance
standards and fostering policy research.
Institute's Philosophy
To engage in capacity building among stakeholders in the securities markets through
financial literacy, professional education, certification, enhancing governance
standards and fostering policy research.
The activities at NISM are carried out through its Six School,
These include:
School for Investor Education and Financial Literacy (SIEFL)
School for Certification of Intermediaries (SCI)
School for Securities Information and Research (SSIR)
School for Regulatory Studies and Supervision (SRSS)
School for Corporate Governance (SCG)
School for Securities Education (SSE)
BACKGROUND OF NISM
In his budget speech of February 2005, the Honourable Union Finance Minister announced that the Securities and
Exchange Board of India (SEBI) would establish an institute to undertake securities markets education and research.
In pursuance of this mandate, SEBI established the National Institute of Securities Markets (NISM) in Mumbai as a
public trust under the Bombay Public Trust Act, 1950. The mission for NISM is to add to market quality through
educational and research initiatives that would support, enable and expedite an entire gamut of high quality
knowledge services in the securities industry. A market for securities education and research is gradually emerging in
India and abroad - partly due to the buoyancy in the securities industry and partly because of the regulatory efforts to
create minimum competency levels for securities industry professionals. NISM intends to play a catalytic role in
addressing these needs. Given the uniqueness of India and other developing markets, such intervention would follow
the twin approaches of accessing and disseminating the relevant existing knowledge and creating new knowledge
that is more specific and appropriate for developing markets. With no other institute in the Asian region that seeks to
address as wide a canvas, NISM stands uniquely poised to become an institution that would not only serve the
securities markets in India but could also assume a pan Afro-Asian purpose.
Board of Governors
As on March 5, 2013
Mr. U. K. Sinha
Chairman, SEBI (Chairman, Board of Governors)
Mr. Rajeev Kumar Agarwal
Whole Time Member, SEBI
Prof. R. Vaidyanathan
Professor of Finance
Indian Institute of Management, Bangalore
Mr. P. K. Nagpal
Executive Director-SEBI and Director-NISM
Mr. P. K. Nagpal
Director, NISM (Chairman, Academic Council)
Mr. G. P. Garg
Registrar, NISM
CONTENTS
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Learning Environment
Student Performance and Evaluation Criteria
Infrastructure
Accommodation and Residential Facilities
Systems Support
Library
Notebook Computer
Awards
Industry Interaction
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Placement Facilitation
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Academic Team
Full-time
Visiting Faculty
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Testimonials
Alumni
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Admission Procedure
Eligibility Criteria
NISM Online Test
Cities and Towns where the test is likely to be conducted
Personal Interview
Selection Procedure
Announcement of Selected Candidates
Sponsored Candidates
Documentation
Fees and Deposits
Educational Loan
Online Registration-Prospectus and Online Application
Last date for Online Registration
Hall Ticket for NISM Online Test
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Important Dates
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The programme is a blend of conceptual and practical inputs, using multiple pedagogies. Participants
will be provided with research-based inputs, real life illustrations and practical insights.
Target Audience
The target audience includes:
Graduates and post-graduates aspiring for careers in
securities markets
Executives seeking careers or career switches related to
securities markets
Term I
Conceptual Phase
Term II
Application Phase
Term III
Advanced Application Phase
Term IV
Industry Interaction Phase
Economics
Internship
Project Dissertation
Seminars
Portfolio Management
Financial Modelling
Corporate Governance
Corporate Finance
Mutual Funds
Programme Architecture
Divided into four terms, the programme is a balanced blend
of theory and practice. These four terms lay emphasis on
the following:
Conceptual Phase
Application Phase
Advanced Application Phase
Industry Interaction Phase
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LEARNING ENVIRONMENT
NISM draws upon the cream of academia and industry for
providing cutting-edge inputs in the Securities markets
domain.
Infrastructure
NISM Bhavan is an imposing structure, consisting of six
floors. The Institute has high quality infrastructure
consisting of classrooms, library, canteen and lounges
located on various floors of the building. NISM also has a
fine auditorium with a seating capacity of 150.
The hostel, NISM Niwas, also a 6-storey building, is
located about 2 Km from the Institute.
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Systems Support
The Institute has access to a well-equipped LAN & WiFi
based network system. Classrooms, Auditorium and
Conference Room are adequately networked and have
access to server-based packages. Students will have
access to advanced as well as regular applications,
software packages on mathematical, technical and capital
markets, and industry and company databases. These
include Bloomberg, Prowess, Alpha, and numerical
technical packages such as SAS, SPSS, Matlab, WinRATS,
E-Views, etc.
Library
Students of PGPSM will have access to a library which
holds a collection that is highly specialized in the area of
securities markets. Thus library is unique owing to the fact
that each book is hand-picked by faculty members and
experts. The library presently holds more than 7,600 books
and researchers all over the country have benefited from it.
NISM constantly endeavours to enhance its collection of
books, journals and even films pertaining to the security
markets. Through Science-Direct, the library provides
access to all the leading academic journals in
Finance, Economics, Business and
Management. In addition to the above, the
library subscribes to periodicals relevant to
the securities markets. PGPSM students
would be provided library cards, enabling
them to take 2 books at a time, for a
duration of one week. As regards
prescribed text books, each student
would be provided a personal copy as part of the study
kit.
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PLACEMENT FACILITATION
Notebook Computer
Students are expected to purchase their own Notebook/
Laptop and carry it while attending classes.
Awards
Best performing student in PGPSM will be awarded Gold
Medal sponsored by
State Bank of India and a cash
award of ` 1 lakh.
Industry Interaction
NISM invites number of practitioners from industry for
interaction with the students of PGPSM to provide their
insights and share their experiences. This platform
provides an opportunity for students to have a practical
exposure for securities industry operations and nuances.
Under the Leadership Series, senior executives from top
organizations and SEBI share their experiences.
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NISM does not guarantee placements. However, NISM provides assistance for placement by inviting prospective
recruiters for careers in Finance and Securities Markets. NISM received good support and encouragement from industry.
Our alumni have earned a name for themselves
and NISM in the following organisations:
A. K. Capital
Asit C. Mehta Intermediaries Ltd.
Bank of America
CARE Ratings
Capgemini
Credit Suisse
Darashaw & Co. Ltd.
ICICI Bank Ltd.
ICRA Management Consulting Services Ltd.
India Nivesh
I-Peritus
IRIS Business Solutions Ltd.
JMN Investment Research Ltd.
JP Morgan
Markit
Nomura
SES Governance
SWIFT
Syntel
Thomson Reuters
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ACADEMIC TEAM
Full-time
Prof. Sunder Ram Korivi
Dean - School for Securities Education
Prof. Sunder Ram Korivi is an MA (Economics & Political
Science) and PhD (Business Policy & Administration) from
the University of Mumbai. He is a Fellow of the Institute of
Chartered Accountants of India. Additionally he is also an
Associate member of the Institute of Cost & Management
Accountants of India and the Insurance Institute of India.
He was a full-time faculty member at SP Jain Institute of
Management, and later, a Professor and Dean at NMIMS
University. He has conducted policy-oriented research for
the Central and State Governments. An adjunct faculty at
IIM Kozhikode, he has also lectured at IIT Bombay, NIBM,
NIA, NITIE, BSE and other institutes. He has guided 2
PhDs, and also refereed PhD studies of several universities
all over India. He has prior work experience with Business
India as a Corporate Researcher, Tata Industrial Finance
Corporation as a Merchant Banker.
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Dr. Rachappa is an M.Com (Accounting, University Rankholder) and PhD (Life Insurance) from Osmania University.
He is a member of the American Accounting Association
(AAA) and the Indian Accounting Assocation. He has
conducted training programmes for the officers of the
Securities Exchange Board of Exchange (SEBI). Prior to
joining NISM, was an Associate Professor at Narsee
Monjee Institute of Management Studies (Deemed
University), Mumbai, and prior to that, a full-time faculty
member at Osmania University College of Commerce and
Business Management. He was a visiting faculty at
National Institute of Industrial Engineering (NITIE) and the
School of Business Management at Jawaharlal Nehru
Technical University (JNTU). He has consistently obtained
high ratings from past students of MBA and CFA Institute
(USA). He was the recipient of Indian Accounting
Associations Young Researcher Award for the year 200809 and also ICFAI's Daily Telegraph Best Research Paper
Award in 2008. He specializes in Financial Reporting,
Analysis and Forensic Finance. He also has interests in the
life insurance sector. He has presented more than 20
research papers in national and international
conferences and has 5 research publications in his
name. He has conducted peer reviews of two
research articles for Vikalpa, the
Journal published by IIM
Ahmedabad.
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TESTIMONIALS
University. She has been involved in research projects for
Ministry of Finance and Securities and Exchange Board of
India (SEBI). She has been invited by St. Xaviers' College,
Mumbai to conduct sessions in Time Series Analysis. Her
research interests include International Economics,
Applied Econometrics and Policy Research.
Alumni
Within a short span of time, NISM has a list of illustrious
Alumni from its very first batch (20010-11). Their
experience at NISM is briefly reproduced in the following
paragraphs.
Visiting Faculty
Dr. Surendra Sundararajan
Dr. Surendra Sundararajan, a Professor at M. S. University
of Baroda, is an MA (Economics), LLB, MBA (Wisconsin),
and a PhD. He is an expert in Securities Markets and Risk
Management & Derivatives. He is also a visiting faculty at
SP Jain Institute of Management and Great Lakes Institute
of Management.
Mr. B. Venkatesh
Mr. Venkatesh is a CFA (USA) and FRM (GARP), in addition
to being a Chartered Accountant and a Cost &
Management Accountant. He is an expert in Securities
Analysis, Portfolio Management and Behavioural Finance.
A former Editor (Financial Markets) at Business Line (a
Hindu Group) publication, he is the Founder Director of
Navera Consulting, a firm that specializes in portfolio
performance evaluation. Previously, he has been a visiting
faculty at IIM Bangalore and Great Lakes Institute of
Management.
Dr. M. Venkateshwarlu
Dr. Venkateshwarlu, MCom and PhD, is an Associate
Professor at National Institute of Industrial Engineering
(NITIE). He has also pioneered the development of the
CRISIL Certified Analyst Programme. His areas of interest
are Financial Economics, Valuation and Risk Management.
He has several research articles at refereed international
and national journals, besides conference papers.
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ADMISSION PROCEDURE
Eligibility Criteria
Minimum qualification
A bachelor's degree from a recognised Indian university or
equivalent with a minimum of 50% in aggregate.
Age
There is no age limit for the programme, but it is desirable
that the candidate is below 30 years of age.
Entrance Test
Candidates have a choice of using the NISM Online
Entrance Test or other Test scores specified in the
paragraph below.
Candidates having valid Test scores in the top 30 percentile
of GMAT/XAT are eligible to apply. Other candidates may
appear in the NISM Online Entrance Test.
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Personal Interview
Selection Procedure
The final selection of the candidate will be based on thefollowing criteria
and weights, totalling to 100 points:
NO.
CRITERIA
WEIGHT
40%
02
Essay
20%
03
Personal Interview
40%
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Profile
Sponsored Candidates
Sponsored candidates are those whose application forms
are forwarded to NISM through their respective
employers, being eligible organizations, as described in the
next paragraph. The employer should furnish an
undertaking to grant study leave to the said candidates and
also undertake to bear all the fees. Eligible organizations
would include
1.Government Departments/ Public Sector Undertakings
2.Public companies or Trusts registered with SEBI
3.Banks/NBFCs recognized by RBI
4.Insurance Companies/Intermediaries recognized by
IRDA.
A maximum of five seats are reserved for sponsored
candidates. However, the sponsored candidates have to
participate in the admission processes as applicable to
other candidates. If the number of sponsored candidates is
inadequate then the seats reserved for the sponsored
candidates may be offered to other candidates. Sponsored
candidates are not allowed to participate in campus
placement process.
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Documentation
PARTICULARS
FEE AMOUNT `
2,30,000
01
Tuition Fee
02
Examination Fee
10,000
03
Library Fee
10,000
Refundable Deposits
In addition, the admitted students are required to pay refundable deposits,
subject to terms and conditions as detailed below:
NO.
PARTICULARS
AMOUNT `
01
Library Deposit
10,000
02
10,000
Non-Refundable Deposits
The students are also required to pay the following charges which are not-refundable.
NO.
PARTICULARS
AMOUNT `
01
2,000
02
3,000
03
Boarding Charges*
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Applicable for students availing of hostel facility. All hostel rooms are non-A/C.
Deposits are refundable subject to adjustment of any dues from the students.
*Applicable for students availing of hostel facility. These are paid separately and directly to
the care-taker in cash every month.
**Applicable to day-scholars only.
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Educational Loan
IMPORTANT DATES
Commencement of Online Registration
Online Test
May 3, 2013
Personal interviews
Enquiries
All enquiries may be mailed to pgpsm@nism.ac.in.
It is hereby clarified that no candidate seeking admission
to PGPSM shall make any attempt to influence the
selection process. Candidates attempting to influence the
selection process would be debarred
Force Majeure
The Institute reserves the right to postpone or cancel the
dates of online test and/or personal interview. Also, the
Institute reserves the right to modify/change or cancel any
test centre and/or personal interview centre.
Candidates are also advised to visit the Institute's website
for any updates and other information regularly.
Please Remember
Last date for Online Registration is April 23, 2013
(Tuesday)
Recent Photographs have to be uploaded for Online
Registration
Date for NISM Online Test is April 28, 2013 (Sunday)
Please visit the website www.nism.ac.in/pgpsm for
further updates and information
*Interviews will be scheduled at different cities depending on the requirement during this period.
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Apply Online:
www.nism.ac.in/pgpsm