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NISM Series XXI A: Portfolio Management Services (PMS) Distributors

This guide will help you pass the NISM Series XXI A exam. It tells you how to become a good PMS distributor.

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Overview

What is NISM Series XXI A?

The NISM Series XXI A is a test. You need to pass it if you want to sell PMS. The test makes sure that people who sell PMS know the right things. This helps make the PMS industry better and safer for people who invest.

Importance of the Certification

This certificate is very important. In India, it is the law. You must have it to sell PMS. When you have this certificate, it shows that you know a lot about investing. It also shows you are an honest person. This helps clients trust you more.

Who Should Take the Exam?

This exam is for you if you are: A person who wants to sell Portfolio Management Services.
Someone who works for a Portfolio Manager and helps find clients.
A financial advisor who manages money for other people.
A student who wants to have a job in finance.

Benefits of a Certified PMS Distributor

Getting this certificate is very good for your job. Here are the good things you will get: Regulatory Compliance: You follow the rules from SEBI. You must do this.
Advanced Knowledge: You will learn about important topics like investments, stocks, fixed income, and mutual funds..
Enhanced Credibility: Clients and your boss will see you as a person they can trust..
Career Advancement: This certificate can help you get a better job in finance..
Practical Skills: You will learn what portfolio managers do and how the system of managing money works.

  • English

Exam Details

  • Exam Structure and Format
  • Computer based test
  • 10 (80 multiple-choice + 3 case studies)
  • The total is 100 marks.
  • You have 2 hours (120 minutes) to finish.
  • You need 60 marks to pass.
  • Negative Marking: 25% for each wrong answer.
  • Exam Language Options
  • Eligibility Criteria
  • Anyone can take this exam.

Registration Process

  • How to Register
  • Go to the NISM website.
  • Make a new account for yourself.
  • Upload your photo, PAN card, and address proof.
  • Choose the exam, the city, and the time you want.
  • Pay the exam fee online.
  • Download your ticket for the exam (admit card) and the study book.
  • Exam Fee and Payment Methods
  • Fee: ₹1,500 plus GST
  • Pay by debit card, credit card, net banking, or UPI
  • Exam Structure and Format
  • There are many dates for the exam. You can check the website to find a day that works for you.

NISM Series XXI A: Syllabus

Download Official Syllabus PDF

Module 1: Investment Landscape

This part is about the Indian stock markets.

Module 2: Introduction to Securities

Here, you learn about things like stocks, debt, and derivatives.

Module 3: Concepts of Investing and Portfolio Management

This teaches you the main ideas of investing and how to manage money.

Module 4: Portfolio Managers

You will learn about the job of a portfolio manager.

Module 5: Operational Aspects of Portfolio Management Services

This is about the daily work that is done in PMS.

Module 6: Portfolio Management Process

Here, you will learn the steps for managing a portfolio.

Module 7: Performance Measurement and Evaluation of Portfolio Managers

This teaches you how to check if a portfolio manager is doing a good job.

Module 8: Taxation

Here, you will learn about the taxes on the money made from PMS.

Module 9: Regulatory, Governance and Ethical Aspects

This is about the rules and why it is important to be honest in your work.

Preparation Guide

Study Materials and Resources

Official NISM Study Material

When you sign up, you get a study book from NISM. This book is very important.

Mock Tests and Sample Papers

You should do many practice tests online. This is the best way to get ready for the real exam.

Preparation Tips and Strategies

Time Management

  • Make a plan for your study time.
  • When you practice, try to answer the questions fast.

Important Chapters to Focus On

  • Give special attention to the Portfolio Management Process and Performance Measurement.
  • The case studies are also very important to practice.

Common Mistakes to Avoid

  • Do not forget to read the official study book.
  • Not practicing with mock tests
  • It is very important to do many practice tests.

Study Plan Recommendation

Week 1-2

  • Learn the basics, like the investment world and different kinds of securities.

Week 3-4

  • Study the ideas of investing and the job of portfolio managers.

Week 5-6

  • Learn about the daily work, the management process, and how to check performance.

Final Week

  • Study taxes and rules. In the last few days, only done mock tests and case studies.

Study Materials and Resources

Download Official Syllabus PDF

You can get the list of all topics from the NISM website.

Links to Registration Portal

Go to the official NISM website to sign up for the exam.

Contact Information for Support

If you need help, you can email certification@nism.ac.in.

Useful Links

NISM Official Website
SEBI Website
AMFI Website
NISM CPE Portal

Ready to Become a Certified PMS Distributor?

You can start today. Sign up for the exam, use this guide to study, and you can become a good PMS distributor.

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View Syllabus

Frequently Asked Questions

What is the validity of the certification?

The certificate is good for 3 years.

To renew your certificate, you can take a small course called CPE. Or, you can pass the exam again before it ends.

Do not worry. You can take the exam again. You will need to sign up and pay the fee one more time.

You will see your score on the computer screen right after you finish the exam.
You need to bring your admit card and an ID card with your photo, like a PAN card or a driver’s license.
Yes, you can use a simple calculator. But it is always good to check the official rules first.

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The National Institute of Securities Markets (NISM) Certification is important because it’s a mandatory qualification regulated by the Securities and Exchange Board of India (SEBI) for professionals in securities markets. 

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