PGPSM

POST GRADUATE PROGRAMME

IN SECURITIES MARKETS

PROSPECTUS 2011-2012

BECOME A NEXT GENERATION

SECURITIES MARKETS PROFESSIONAL
PGPSM is a One-Year, Full-Time Programme

National Institute of
Securities MarketS
An Educational Initiative by
 National Institute
of Securities Markets (NISM)
N ISM is a public trust established by the Securities
and Exchange Board of India (SEBI), the regulator
of securities markets in India. It is an autonomous body
governed by a Board of Governors with strategic guidance
from an international Advisory Council.
NISM envisions a catalytic role in promoting securities
markets research and education, through:
• Close interface with policy makers, regulators and
industry participants
• Continuous knowledge creation, acquisition and
dissemination
• Collaboration with the larger educational and market
infrastructure to reach constituencies relevant to the
securities markets
The activities at
NISM are carried out
through its Six Schools.
These include:
Vision
To lead, catalyze and deliver educational initiatives to
enhance the quality of securities markets.
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
NISM’s activities are dedicated towards enhancing
the quality of participation in securities markets. This
involves development of knowledge and skill base of all
stakeholders. The Institute’s philosophy embodies the
spirit of commitment to these objectives.
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

I n his budget speech of February 2005, the Honourable

Union Finance Minister announced that the Securities
and Exchange Board of India (SEBI) would establish an
Given the uniqueness of India and other emerging/
developing markets, such intervention would follow the
twin approaches of accessing/disseminating the relevant
institute to undertake securities markets education and existing knowledge and creating new knowledge that
research. In pursuance of this mandate, SEBI established is more specific and appropriate for emerging markets.
the National Institute of Securities Markets (NISM) in With no other institute in the Asian region that seeks to
Mumbai as a public trust under the Bombay Public Trust address as wide a canvas, NISM stands uniquely poised
Act, 1950. to become an institution that would not only serve the
securities markets in India but could also assume a pan-
The mission for NISM is to add to market quality Asian purpose.
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.

Board of Governors Academic Council

• Mr. U. K. Sinha, Chairman, SEBI (Chairman, Board of • Dr. Pritam Singh, Professor of Eminence,
Governors) Management Development Institute, Gurgaon
• Mr. M. S. Sahoo, Whole Time Member, SEBI • Prof. R. Vaidyanathan, Professor of Finance, IIM,
• Dr. K. M. Abraham, Whole Time Member, SEBI Bangalore
• Dr. K. P. Krishnan, Secretary, Economic Advisory • Prof. Sanjay Kallapur, Senior Associate Dean – Faculty
Council to the Prime Minister and Research, Indian School of Business, Hyderabad
• Dr. K. R. S. Murthy, Former Director, IIM Bangalore • Dr. Ajay Shah, Professor, National Institute of Public
• Mr. Y. C. Deveshwar, Chairman, ITC Ltd. Finance and Policy, New Delhi
• Mr. M. B. N. Rao, Former Chairman & Managing • Prof. G. Sethu, OSD-In-Charge, NISM
Director, Canara Bank
• Mr. Pratip Kar, Consultant, Global Corporate
Governance Forum, International Finance Corporation
• Dr. Mohan Gopal, Director, National Judicial Academy,
Bhopal
• Mr. P. K. Nagpal, Executive Director, SEBI
• Mr. Rafiq Dada, Senior Advocate, High Court, Mumbai
• Prof. G. Sethu, OSD-In-Charge, NISM
 About the
School for Securities Education
N ISM articulates and implements its mission of
improving market quality through its six schools,
each having a specific domain presence within the
securities markets. The role of the School for Securities
Education (SSE) is to provide education for preparing
competent professionals who will serve the securities
markets.
The last few years have seen a demand for securities
professionals who are equipped with a wider repertoire
of knowledge and skills. This demand has been
spurred by the challenges posed by the growing Indian
economy and the expanding securities market. With
the Indian economy growing consistently at over 6%,
many Indian companies are scaling up their activities in
India and abroad. This has necessitated a greater need
Capacity building in the
securities markets
for corporations to access the securities markets. The
overall economic growth has also witnessed many Indian
corporations attracting domestic and foreign investments
through listings in India and overseas.
As the Indian economy grows and as Indian investors
seek to participate more in the capital markets, the
Indian stock exchanges, mutual funds, merchant bankers,
analysts and stock brokers would play an even more vital
role in meeting the enhanced expectations of various
stakeholders.
With its proximity to policy makers and professionals
in the securities markets community, SSE is uniquely
positioned to provide educational programmes that will
create the new age securities markets professional.
The USP of PGPSM is the
perfect blend of theory,
practice and guest
lecturers from the industry.
Mayank Shukla,
Student, PGPSM Batch 2010-11
 CONTENTS
PGPSM
One-Year Full-Time Post Graduate Programme in Securities Markets

Post Graduate Programme in Securities Markets

About PGPSM 1
Value Addition from PGPSM 3
Target Audience 3
Programme Architecture 3
Evaluation Criteria 3
Programme Design and Content 4
Placement Facilitation 5
Infrastructure 6
Accommodation and Residential Facilities 6
Systems Support 6
Awards and Scholarships 6
Library 6
Notebook Computer 6

Academic Team
Full-time/Adjunct Faculty 7
Visiting Faculty 8

Admission Procedure
Eligibility 10
Online Test 10
Cities and Towns where the test is likely to be conducted: 10
Personal Interview 10
Selection Procedure 11
Announcement of Selected Candidates 12
Sponsored Candidates 12
Documentation 12
Fees and Deposits 12
Educational Loan 14
Online Registration – Prospectus and Online Application 14
Last date for Online Registration 14
Hall Ticket 14

Important Dates 15
 Post Graduate Programme in
Securities Markets (PGPSM)

F or students interested in pursuing a career in

securities markets, the PGPSM is an extremely
unique opportunity to obtain first-hand knowledge, both
theoretical and practical, from an institute established
by SEBI, the market regulator. The faculty, consisting of
academicians and practitioners, has the capability to
deliver a high quality programme to the aspiring students.
Informal estimates indicate that the securities markets
would require about 32,000 professionals every year.
The table alongside gives a distribution among various
sectors. The table further indicates functions within
these sectors that could be grouped as follows: (1) Fund
Management, Analysis and Dealings (2) Sales, Product
Management and Brand Management (3) Operations
and Services (4) Information Technology (5) Compliance
and (6) Financial Advice and Planning
PGPSM thus seeks to prepare students to become Fund
Managers, Analysts, Dealers, Institutional Sales Persons,
Product Designers, Operations Managers, Compliance
Officers, Risk Management Officers, Investment Bankers,
and Investment Advisors in the securities markets.

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 Estimated intake of entry level
personnel in securities business for 2011*

Brokers MFs PMS IBG Insurance PE/VC/FII Distribution Total

No. of co.s 4000 40 200 100 30 500 2000 6870

Fund Mgmt/ 200 120 50 150 30 100 200 850

Analysis/
Dealing

Institution 350 40 50 100 90 50 200 880

Sales

Retail- 2000 100 50 50 3000 0 1000 6200

Channel
Sales

Retail-Direct 5000 400 100 100 10000 0 5000 20600

Sales/FOS

Product / 100 20 20 10 60 0 200 410

Brand

Ops & 300 80 100 50 90 50 200 870

Services

Infotech 200 40 25 25 30 50 100 470

Accounting 300 20 50 50 60 100 200 780

Compliance/ 100 20 25 50 30 50 100 375

Risk

Legal & 80 20 25 20 10 25 50 230

Secretarial

Total 8630 680 495 605 13400 425 7250 31665

*
Estimates obtained from industry sources
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 Value Addition By completing the PGPSM, students would be able to:

from PGPSM • Abstract the building blocks of the securities markets, understand
them conceptually, and develop the capability to design solutions
that meet specific requirements
• Upgrade knowledge and skill sets necessary to perform the key
technical activities in the securities markets
• Develop a well-rounded, complete understanding of securities
markets

Target The target audience includes:

Audience • Graduates and post-graduates aspiring for careers in securities

markets
• Executives seeking careers or career switches related to securities
markets

Programme Divided into four terms, the programme is a balanced blend of

theory and practice. These four terms lay emphasis on the following:

Architecture • Conceptual Phase

• Application Phase
• Advanced Application Phase
• Industry Interaction Phase

During the first three terms, students are expected to study a total
of 18 courses/subjects of 1 full credit each. Each credit would mean
approximately 30 hours of classroom inputs. In the fourth term,
students are required to undertake an internship project with an
organization in the securities industry.

Evaluation This is a rigorous post graduate programme, leading to the award

of PGPSM. The programme is specially designed to raise the

Criteria professional standards of students. The PGPSM will be awarded on

the basis of the student’s performance in the following components:

• Pre-class reading and preparation

• Class participation
• Quizzes
• Term papers/projects/assignments
• Mid-term and end-term examinations
• Any other component of evaluation that the Institute may pre-
scribe from time to time

A student is expected to obtain the minimum passing grade of 50%

in each of the courses/credits listed above.

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 Programme Design and Content

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.

Term I Term II Term III Term IV

Conceptual Application Advanced Industry
Phase Phase Application Phase Interaction Phase

Economics Fixed Income Securities Global Financial Markets Internship

Mathematics Securities Analysis & Regulation – Theory & Project Dissertation

Valuation Practice

Statistics Econometrics & Time Mergers, Acquisitions & Seminars

Series Analysis Corporate Restructuring

Financial Accounting & Portfolio Management Corporate Governance

Reporting

Financial Institutions & Derivatives & Risk Special Topics

Markets Management

Corporate Finance

(NISM reserves the right to add, modify, merge or delete any of the above mentioned courses/topics to
bring the curriculum in line with contemporary requirements.)

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 Placement Facilitation
N ISM would try to facilitate suitable placement
opportunities for students on completion of the
programme. However, the Institute does not guarantee
any placement. Students successfully completing this
programme may find placement opportunities with
mutual funds, investment banks, brokerage firms,
banks, credit rating agencies, consulting firms, stock
and commodity exchanges, equity research firms,
market regulators, and other market intermediaries
and institutions. During placement season 2010-11, the
institute has elicited a favourable response from the
industry.
The placement process is currently on with many
companies already having visited and many more
planning to visit the campus in the next few weeks. The
following organisations have participated in campus
selections till March 1, 2011 and have offered jobs to
students:
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• Asit C. Mehta Intermediaries Ltd.
• CARE Ratings
• Capgemini
• Darashaw & Co. Ltd.
• ICRA Management Consulting Services Ltd.
• IRIS Business Solutions Ltd.
• JMN Investment Research Ltd.
• JP Morgan
Many more organizations have evinced interest in visiting
NISM for campus recruitment during the next few weeks.
Some of these organizations include BNP Paribas Mutual
Fund, Markit, Indbank Merchant Banking, ICICI Bank
Ltd, Central Bank, and Copal Partners. The final list of
companies that offered jobs will be announced on our
website at the end of the placement process.
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 80.
The hostel, NISM Niwas, also a 6-storey building, is located
about 2 Km from the Institute. It is meant for executives
who attend the executive education programmes of
NISM.
Accommodation
and Residential
Facilities
NISM Niwas, located in Sector 14, Vashi is designed
to serve the needs of students who require hostel
facilities. There is 24-hour Internet connectivity. Indoor
games facilities are also available at NISM Niwas. The
hostel facility will be provided to a limited number of
students on twin-sharing basis, and on the basis of
availability. Rooms will be non-A/C. Preference for hostel
accommodation will be given to outstation students, in
particular to outstation lady students.
Systems Support
The Institute has access to a well-equipped LAN & WI-
FI 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.
Awards and
Scholarships
The PGPSM student with the best academic performance
will be awarded the “State Bank of India Medal”.
Library
Students of PGPSM will have access to a library which
holds a collection that is highly specialized in the area
of securities markets. The library presently holds more
than 7,600 books. Through JSTOR, 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.
Notebook Computer
Students are expected to purchase their own Notebook/
Laptop and carry it while attending classes.
For more Information on PGPSM, admission
procedure, educational loans, important dates
etc...see pg.10
6
 Academic Team
Full-time/Adjunct Faculty
Prof. G. Sethu, Officer on Special Duty
In-Charge of NISM
Prof. Sethu has 33 years of experience in teaching,
research, advisory, and administration. He received
his B.Tech (Honours) from the Indian Institute of
Technology (IIT), Kharagpur; his MTech from IIT, Madras
and a Doctorate in Management with specialization in
Finance from the Indian Institute of Management (IIM),
Ahmedabad. He has served in the Indian Administrative
Service (IAS) during 1981-1991 and was part of XLRI
Jamshedpur and the UTI Institute of Capital Markets. He
has also been a member of many committees formed
by SEBI and various industry and educational bodies. He
has served as board member on many companies. As
visiting professor, he has taught Corporate Finance and
Investment Management to MBA students in various
institutes including IIM Ahmedabad, IIM Indore and IIT
Mumbai.
Prof. Sunder Ram Korivi, Dean
(School for Securities Education)
Prof. 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, Associate of the
Institute of Cost & Works Accountants of India and an
Associate of the Insurance Institute of India. A full-time
faculty member at SP Jain Institute of Management, he
later became a Professor at NMIMS University, where
he also served as the Head of Departments of Finance
and Economics and as the Dean of the School of Business
Management. He has also served on various Boards
of the University, viz., Board of Management, Advisory
Board, Planning & Monitoring Board and as the Convener
of the Academic Council. His interests are in the fields
of Financial Reporting, Financial Institutions & Markets
and Fixed Income Securities. He has conducted policy-
7
oriented research for the Central and State Governments.
An adjunct faculty at IIM Kozhikode, he has also lectured
at NIBM, NIA, NITIE and other institutes of national
importance. In addition to authoring papers in national
journals and international conferences, he has guided
and refereed PhD studies.
Dr. K Kiran Kumar, Assistant Professor
Dr. Kiran Kumar holds a PhD in Finance from the Indian
Institute of Science, Bangalore and an MA in Economics
from Hyderabad Central University. His research focuses
on Market Microstructure, Derivatives, and Applied
Financial Econometrics. He has received five Best Paper
awards in national and international conferences and has
published ten research papers. He has delivered lectures
at several research workshops including SAS Workshop
for Researchers at Indian School of Business, Structural
VAR Models at RBI Staff College, and Econometrics
Workshop of Indian Econometric Society. Earlier, Dr.
Kiran Kumar was with the Centre for Analytical Finance,
Indian School of Business as Senior Researcher and
Researcher at ICICI Research Centre, Chennai. At NISM,
in addition to his teaching and research responsibilities,
Dr. Kiran Kumar is also the Programme Director of the
nine-month “Certificate in Financial Engineering and Risk
Management” programme and is also associated with
the School for Securities Information and Research in
building the Network for Securities Market Data.
Dr. Poonam Mehra, Assistant Professor
Dr. Poonam Mehra holds a PhD from the Indira Gandhi
Institute of Development Research (IGIDR), Mumbai. She
has been a PhD scholar at University of Hamburg under
the European Union’s Asia link Scholarship Programme
(December 2006 - July 2008). She is a Gold medallist in
Economics (MSc) with specialization in Econometrics and
Industrial Organization. Her teaching interests include
Economics for Securities Markets, Mergers & Acquisitions,
Econometrics and Regulation in Securities Markets.
Her research interests include Applied Econometrics,
Corporate Finance, Institutional Economics and Applied
Game Theory. She has published papers in international
journals and has presented her research work in several
international conferences and workshops.
Dr Rachana Baid, Adjunct Associate Professor
Dr. Rachana Baid is an MCom (Gold medallist) and PhD.
She specializes in Financial Systems and Regulatory
Policy. She has undertaken consulting assignments with
multilateral agencies such as the World Bank and has
been a visiting faculty at IIM Indore and SP Jain Institute
of Management. She has also served as an Assistant
Professor at the UTI Institute of Capital Markets, Mumbai
for about a decade.
Ms. Kavitha Ranganathan, Academic Associate
Ms. Kavitha Ranganathan is an MPhil and a Post Graduate
in Commerce (Mumbai University). She is currently
pursuing a PhD from the Indira Gandhi National Open
University, New Delhi. As an Academic Associate at NISM,
she is primarily associated with the School for Regulatory
Studies and Supervision, the Post Graduate Programme
in Securities Markets (PGPSM) and research projects
at NISM. Prior to joining NISM, she was a Research
Associate at the Indian Institute of Management (IIM),
Bangalore. Her research interests are in Behavioural
Finance, Experimental Economics and Behavioural
Decision Making Approaches.
Ms. Shobana Balasubramaniam,
Academic Associate
Ms. Shobana Balasubramaniam is an Economics-Statistics
graduate from Mumbai University and an MSc in
Economics from Indira Gandhi Institute of Development
and Research. As an Academic Associate at NISM, she is
primarily associated with research projects, PGPSM, Test
Administration, and development of content for NISM’s
monthly newsletter, NISM Update.
Mr. Suneel Sarswat, Head of Analytics
Mr. Suneel Sarswat is an MSc in Statistics and Informatics
from the Department of Mathematics, IIT Bombay.
Before joining NISM, he worked on Financial Analytics at
Bank of America. He has keen interest in Computational
Finance and is well versed in Visual Basic, C++, Matlab,
R, PERL and other programming languages useful in
Financial Engineering. He is engaged in vital projects
such as the application of neural networks in financial
analysis, credit ratings and trading algorithms involving
pattern recognition.
Visiting Faculty
NISM draws upon the best talent in academics and
industry to provide the finest learning environment.
Some of the resource persons for PGPSM are:
Dr. Surendra Sundararajan
Dr. Surendra Sundararajan, a Professor at MS Baroda
University, 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). He is
an expert in Securities Analysis, Portfolio Management
and Behavioural Finance. A former Editor (Financial
Markets) at Business Line (a Hindu Group) publications,
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 is also the programme in-charge for the
CRISIL Certified Analyst Programme. His area of interest
is Financial Economics.
Dr. Kavitha Laghate
Dr. Kavitha Laghate, MSc (Statistics) and PhD, is an
Associate Professor at Jamnalal Bajaj Institute of
Management Studies, Mumbai. Her areas of interest are
Statistics and Quantitative Finance.
Dr. S. Rachappa
Dr. Rachappa, MCom (Gold medallist) and PhD, specializes
in Financial Reporting, Analysis and Forensic Finance. He
also has interests in the life insurance sector. He has won
several Best Young Researcher awards from the Indian
Accounting Association. He is currently an Associate
Professor at Narsee Monjee Institute of Management
Studies, Mumbai.
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Mr. Amit Trivedi
A BE and an MBA, Mr. Amit Trivedi has worked with
Franklin Templeton MF and JM Financial. He is an expert
in the field of Personal Financial Planning, Wealth
Management and Financial Advisory Services.
Mr. Nitin Tike
Mr. Nitin Tike is a BSc and an MBA with over 20 years of
experience in the securities markets, including a stint at
India Infoline.
Mr. Akhlaque Ahmed
Mr. Akhlaque Ahmed is an MSc (Mathematics) from
Aligarh Muslim University and an MPhil from the
University of Mumbai. He is associated with the BSc
programme of the London School of Economics &
Political Sciences conducted at Mumbai. His areas of
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interest include Financial Mathematics and Quantitative
Finance.
Mr. B. Renganathan
Mr. Renganathan is a Cost Accountant and Fellow of the
Institute of Company Secretaries of India. He is Group
Vice President – Compliance and Legal, at Edelweiss. His
areas of specialisation are Corporate Laws, Securities
Markets Regulation and Mergers & Acquisitions.
Mr. Sundar Sankaran
Mr. Sundar Sankaran is a Cost Accountant and an MBA
from IIM Ahmedabad. He has extensive experience in
the field of investments, including a stint with the Kotak
Group. He is also an author of several books on Mutual
Funds.
 
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.
Online Test
Candidates are required to appear for an online test.
The duration of the test would be 120 minutes and the
maximum marks are 100. The online test would attempt
to assess the following attributes of a candidate:
1. Quantitative Aptitude - 40%
2. Analytical and Reasoning Skills - 25%
3. Language Proficiency - 25%
4. General Knowledge of Financial Markets - 10%
Each question would be a multiple choice question
with four choices. Each correct answer would carry one
mark. There would be negative marking of 0.25 for every
wrong answer.
An applicant is required to register for the online test
at a test centre in select cities and towns as would
be indicated on the NISM website. The test will be
conducted on April 24 (Sunday), 2011. For guidance on
choice and availability of online test centre, kindly refer
to the following section on test centres.
All candidates are required to carry ANY ONE of the
following as proof of identification:
• PAN card
• Driving License
• Passport
• Voter ID card
• College Student Identity Card, current and valid OR
• Employer Identity Card, current and valid
The student should provide the proof of identification
to the test administrator on demand. NISM reserves the
right to seek additional identification details, if necessary.
Cities and Towns where the test is likely to be
conducted:
The online tests would be carried out in the following
cities/towns: Ahmedabad, Bengaluru, Bhubaneswar,
Chennai, Goa, Secunderabad, Indore, Jaipur, Kolkata,
Kochi, Lucknow, Mumbai, New Delhi, Patna, Ranchi,
Faridabad, Chandigarh, Surat, Gurgaon, and Pune.
If the registrations at any centre exceed the capacity or
falls well below the capacity of the test centre, NISM
reserves the right to shift the candidates to another test
centre and the same would be intimated to the respective
candidates by NISM. Candidates are required to report at
the test centre so intimated at the appropriate date and
time for taking the online test. For further details, visit
the website, www.nism.ac.in/pgpsm
Personal Interview
Candidates will be shortlisted on the basis of marks
obtained in (1) Profile and (2) Performance in the Online
Test for a personal interview. The shortlisted candidates
will be intimated through email and/or letters. Personal
interviews are likely to be held at Bengaluru, Chennai,
Hyderabad, Kolkata, Mumbai and New Delhi during
May 7-22, 2011. NISM will intimate the exact date, time
and venue for the personal interview to the shortlisted
candidates.
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 Selection Procedure

The final selection of the candidate will be based on the

following criteria and weights, totalling to 100 points:

No. Criteria Weight

1 Profile

a) Academic Qualification/Performance -10%

b) Work Experience – 10% 20%

2 Online Test 30%

3 Essay 10%

4 Personal Interview 40%

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All expenses related to appearing for the online test and
personal interview shall be borne by the candidate. The
Institute will not bear or reimburse any expenditure in
this regard.

The Institute reserves the right to postpone or cancel

the dates of the online test and/or personal interview.
Also, the Institute reserves the right to modify/change or
with SEBI; iii) Banks/NBFCs recognized by RBI; and iv)
cancel any test centre and/or personal interview centre.
Public Sector Undertakings.

Candidates are also advised to visit the Institute’s website

A maximum of five seats are reserved for sponsored
for any updates and other information.
candidates. However, the sponsored candidates have to
participate in the admission processes as applicable to
The maximum class strength will be 50 students. NISM
other candidates. If the number of sponsored candidates
reserves the right to increase or decrease the number,
is inadequate then the seats reserved for the sponsored
depending on the quality of the applications received for
candidates may be offered to other candidates.
consideration. Hostel accommodation may be offered to
a few students depending upon availability.
Sponsored candidates are not allowed to participate in
campus placement process.
Announcement of Selected Candidates

Documentation
The first list of selected candidates will be displayed
on the Institute’s website on May 25, 2011. Selected
Candidates shortlisted for the interview would have to
candidates would be required to pay the first instalment
show originals and submit self-attested photocopies of
of fees (see table of fees) on or before June 09, 2011.
the following documents at the time of interview:
Provisional admission offered to selected candidates
who do not pay the commitment fee on or before the
1. Graduation/Post Graduation certificate issued by the
stipulated date would automatically stand cancelled.
university/institute
2. Statement of marks of graduation/post graduation ex-
The second list of selected candidates will be announced
amination issued by the university/institute
on the Institute’s website on June 10, 2011 subject to
3. Date of Birth certificate (i.e., S.S.C., School Leaving
availability of seats. Selected candidates in the second list
Certificate or Birth Certificate issued by the Municipal/
would be required to pay their tuition fees and complete
Local authority)
all formalities before June 17, 2011. If a candidate does
4. Experience certificate from the employer, if applicable
not complete the formalities within the date specified,
the admission would automatically stand cancelled.
Fees and Deposits

Sponsored Candidates
The details of the fees, refundable deposits and non-
refundable charges payable to the Institute towards the
Sponsored candidates are those whose application
one-year PGPSM are as follows:
forms are forwarded to NISM through their respective
employers, being eligible organizations, as described
Fees
in the next paragraph. The employer should furnish an
undertaking to grant study leave to the said candidates
The total fee is Rs.2,00,000 (Rupees Two Lakhs only) for
and also undertake to bear all the fees.
the entire year. The fee is non-refundable. Students who
fail to pay the fee on time could face a penalty or could
Eligible organizations would include i) Government
be barred from attending classes.
Departments; ii) Public companies or Trusts registered

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 The break-up of the fee is as under:

No. Particulars Fee Amount (Rs.)

1 Tuition Fee 1,80,000

2 Examination Fee 10,000

3 Library Fee 10,000

4 Total 2,00,000

Refundable Deposits#
In addition, the admitted students are required to pay refundable deposits, subject to
terms and conditions as detailed below:

No. Particulars Amount (Rs.)

1 Library Deposit 10,000

2 Hostel Room Deposit * 10,000

*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.

Non-Refundable Charges
The students are also required to pay the following charges which are non-refundable.

No. Particulars Amount (Rs.)

1 Alumni Association 2,000

Fund (Annual)

2 Double Occupancy 3,000

Charges per Month*

3 Boarding Charges To be paid at actual

Monthly*

4 Lunch & Tea charges To be paid at actual

per Month **

*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 Last date for Online Registration

The Institute facilitates students in securing educational
loans. At present, the Institute has arrangements to direct
applicants to Credila and HDFC Bank. Arrangements with
more institutions are underway.
It is to be understood that NISM does not recommend or
guarantee the loans.
In the event of any delay in securing loans, students have
to arrange for their own funds to pay all the fees, deposits
and charges as per the payment schedule provided at the
time of joining the programme. However, on a later date,
if the loan is secured, the amounts paid by the student
will be refunded without any interest on receipt of the
amounts from the entity that has offered the loan to the
student.
The last date for online registration is April 18, 2011.
Please DO NOT forward copies of any certificate along
with application form.
Hall Ticket
Upon completion of formalities of online registration
and payment, the hall ticket would be generated and
displayed on the screen. The candidate is required to take
a print of the hall ticket and affix a self-attested passport-
sized photograph on the hall ticket. The printed copy of
the hall ticket with photo affixed should be produced
when the candidate arrives at the test centre to take the
online admission test.

Online Registration – Prospectus and Online

Application

The Prospectus can be downloaded from the website

www.nism.ac.in/pgpsm. The candidate can register
online by making a payment of Rs. 1,000, electronically
(non-refundable). Please visit the website
(www.nism.ac.in/pgpsm) for complete details.

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 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 Please Remember

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.
• Last date for Online Registration is April 18, 2011
• Recent Photographs have to be uploaded for Online
Registration
• Date for Online Test is April 24 , 2011
• Please visit the website www.nism.ac.in/pgpsm for
further updates and information

Important Dates

18 Last date for Online 24 4 Announcement of

April Registration April Online test May online test results

7 22 Personal 25 Announcement of
first list of selected 9 Payment of fees by first
May May interviews May candidates June list of candidates

10 Announcement of
second list of selected 17 Payment of fees by 22 Last date of completing
all formalities and
June candidates June second list of candidates June registration

22 Inauguration of the
23 Commencement of
June programme June programme

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 All correspondence may be addressed to:

PGPSM Admissions Office

National Institute of Securities Markets
Plot no. 82, Sector 17, Vashi, Navi Mumbai – 400 705, India
Tel: 022 66735100-06 (Board) | Fax No: (022) 66735110
Email: pgpsm@nism.ac.in
Website: www.nism.ac.in/pgpsm

...very impressed with the calibre of candidates;

we are quite keen to continue the relationship.
Recruiter - Nosheen Khan,
VP Marketing - Markit, London

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 Apply Online:
www.nism.ac.in/pgpsm

National Institute of Securities Markets

NISM Bhavan, Plot no. 82, Sector 17,Vashi,
Navi Mumbai – 400 705, India.
Tel: 022 66735100-06 | Fax No: (022) 6673 5110
Website: www.nism.ac.in