Prospectus 2019-20

PGPSM is a one-year
Post Graduate Programme with
specialization in securities markets

A fast-track career-oriented
programme in securities markets
NATIONAL INSTITUTE OF
SECURITIES MARKETS

National Institute of Securities Markets (NISM) is an

educational initiative promoted by Securities and Exchange
Board of India (SEBI), the regulatory agency in securities
markets in India. The institute has been set up in 2006 and
ever since carries out a wide range of capacity building
activities aimed at enhancing the quality of education and
standards in financial markets in general and securities
market in particular. NISM's six schools of excellence work
in synergy towards professionalization of securities
markets.

The institute has six schools of eminence viz.

Ÿ School for Securities Education (SSE)
Ÿ School for Certification of Intermediaries (SCI)
Ÿ School for Regulatory Studies and Supervision (SRSS)
Ÿ School for Investor Education and Financial Literacy (SIEFL)
Ÿ School for Corporate Governance (SCG)
Ÿ School for Securities Information and Research (SSIR)

Vision
To lead, catalyse and deliver educational initiatives to
enhance the quality of securities markets.

Mission
To engage in capacity building among various stakeholders
in securities markets through professional education,
financial literacy, enhancing governance standards and
fostering policy research.
Board of Governors Academic Council
Chairman Chairperson
Mr. Ajay Tyagi Prof. Samir Barua
Chairman, SEBI Former Director-IIM Ahmedabad

Members Members
Mr. G. Mahalingam Prof. Abhay Pethe
Whole-Time Member, SEBI Distinguished Fellow at ORF Mumbai and Visiting
Senior Fellow at the Mumbai School of Economics and
Mr. S.K. Mohanty Public Policy (MSE&PP), University of Mumbai.
Whole-Time Member, SEBI
Dr. Shekhar Shah
Mr. Sanjay Nayar Director General-NCAER
Chief Executive Officer, KKR India Advisors Pvt. Ltd.
Mr. Amarjeet Singh
Mr. Y. M. Deosthalee Executive Director, SEBI
Former Chairman and Managing Director,
L&T Finance Holdings Ltd. Shri Anand Sinha
Former Deputy Governor, Reserve Bank of India
Mr. Amarjeet Singh
Executive Director, SEBI Prof. Ashok Banerjee
Professor (Finance & Control), Faculty-in-charge,
Shri A Balasubramanian The Financial Research and Trading Laboratory,
Chairman, AMFI and Chief Executive Officer Director, IIM Calcutta Innovation Park (IIMCIP)
Aditya Birla Sunlife AMC Ltd.
Dr. (Mrs.) M Thenmozhi
Mr. P S Jayakumar Director, National Institute of Securities Markets
Managing Director & Chief Executive Officer Bank of
Baroda Secretary to the Academic Council
Ms. Ashu Suyash Mr. Sunil Jayawant Kadam
Managing Director & Chief Executive Officer CRISIL Registrar, National Institute of Securities Markets

Dr. Amartya Lahiri

Director, CAFRAL

Dr. (Mrs.) M Thenmozhi

Director, National Institute of Securities Markets

Secretary to the Board

Mr. Sunil Jayawant Kadam
Registrar, National Institute of Securities Markets
SCHOOL FOR SECURITIES EDUCATION (SSE)

The securities markets in India has come of age. With the Full-time programmes offered by the Institute
setting up of SEBI as a regulator and putting in place right
Ÿ Post Graduate Diploma in Management (Securities Markets)
regulatory mechanism, the securities market has been
– PGDM(SM)
growing from strength to strength in recent years. The
companies raising finance from the securities market have Ÿ Post Graduate Programme in Securities Markets – PGPSM
grown as is the case with the total amount of funds
mobilised through IPOs. The securities markets provide wide The School with its team of dedicated academicians and
choice among the investors to park their funds. In serving industry experts imparts knowledge based on in-depth
these two functions, the market intermediaries look forward research and constant interaction with the policy makers in
talents with right knowledge and skill sets to manage their the industry at the highest level. The School has perfected
activities. the design and delivery of globally benchmarked curriculum,
as evident from the sterling on-the-job performance of the
The School for Securities Education (SSE) offers a bouquet of alumina.
uniquely positioned academic programmes that prepares
new age market professionals with well-rounded and
holistic understanding of the markets and equips existing
professionals with expertise in various functional domains
like treasury, compliance etc. To meet these challenges,
NISM has designed various academic programs, keeping in
mind the requirements of the industry.
 “ I propose to authorize the Securities and Exchange Board of India (SEBI) to
“
set up a National Institute of Securities Markets for teaching and training
intermediaries in the securities market and promoting research.

- Hon'ble Union Finance Minister

Budget speech 2005-06

“ I am happy that SEBI has over the years nurtured and supported under its
“
auspices the National Institute of Securities Markets to promote securities
market education and research.

- Hon'ble Prime Minister

Silver Jubilee Function of SEBI

“ I find no institution that provides a diploma or a degree to a person

wanting to pursue a career in the securities markets or caters to the need for
continuing education in the securities markets. So, SEBI envisaged and
“
established NISM which will not only offer academic programs to new entrants
but also continuing education to the market participants.

- Hon'ble Chairman – SEBI

Financial Markets Conclave 2015

NISM was presented with the B-School Leadership

Award for Excellence in education, leadership and
training, at the World Education Congress held
at Mumbai on June 29, 2012.
01
CONTENTS

1. Post Graduate Programme In Securities Markets (PGPSM)

2. Programme Architecture

3. Learning Environment
4. Alumni
5. Eligibility And Selection Criteria
6. Fee Structure Of Various Programmes
7. Fee Refund Policy
8. Merit Scholarships, Tuition Fee Waivers, And Awards
9. Fee Refund Policy
10. Merit Scholarships, Tuition Fee Waivers, And Awards
11. General Terms And Conditions Governing Merit
Scholarships, Tuition Fee Waivers.
12. Academic Environment And Learning Infrastructure
13. Placements/career Opportunities
14. How To Apply
15. Important Dates
POST GRADUATE PROGRAMME IN SECURITIES MARKETS (PGPSM)
PGPSM is a one-year full time robust fast track program
which includes capital market specific courses that are a
balanced blend of theory, practice, project based course
teaching and certification. This programme is suitable for
professionals aspiring to enhance or develop their skills in
securities markets and for those who want to make a shift
in their career to become securities market professional. The
program is supported by Finance Lab, Bloomberg terminal
and other resources. PGPSM was launched in 2010-11
and currently the 9th batch is preparing for its final term.
The program gives extensive coverage of various subjects
related to securities market which will help the students to
have a career as an Analyst in Equity research, Fixed
Income research or trader, Derivatives and valuation desk,
Client relationship, Portfolio management, Investment
banking roles-fund raising, legal, compliance, surveillance,
legal, Treasury, Forex and commercial banking roles, etc.
The programme will provide professionals to the various
industries viz. AMCs, NBFCs, Commercial banks, Business
news and media, IT sector companies, Corporate
governance advisors, Investment Banks and other capital
market intermediaries.
Programme Highlights
- One-year fast-track residential programme consisting
of four terms
- Academic Council and Faculty Team constituted by
top academicians, industry veterans and market
practitioners
- Globally benchmarked Curriculum, updated regularly
- Policy-research based inputs from top-class
academicians
- Proximity to the industry and policy makers
- Inputs on market regulation from the officers of SEBI
- Modern technology - trading simulation with
streaming market data, databases like Bloomberg,
Prowess, etc.
- Multiple pedagogy - simulations, internships, live
projects, cases, book-film reviews, conferences,
workshops
- State-of-the-art infrastructure conducive to
contemplative learning

A fast-track career-oriented
programme in securities markets
*PGPSM is certification programme offered by NISM
PROGRAMME ARCHITECTURE
Divided into four terms - conceptual, application, advanced application and industry interaction, the programme is
a balanced blend of theory and practice.

Programme Design and Curriculum

The programme boasts globally benchmarked curriculum deliberated by a council of academicians and market
practitioners. The curriculum is designed to provide research-based inputs and industry insights and is delivered through

TRIMESTER I: CONCEPTS TRIMESTER II: APPLICATIONS

101 Economics for Securities Markets 201 Equity Valuation
102 Mathematics and Statistics for Securities 202 Financial Services (Commercial Banking)
Markets 203 Fixed Income Securities
103 Financial Analysis and Reporting 204 Portfolio Management and Mutual Funds
104 Financial Institutions & Markets 205 Derivatives & Risk Management
105 Corporate Finance 206A Financial Modelling I
106 Corporate and Allied Laws 206B Smart Lab Sessions I

TRIMESTER III: ADVANCED APPLICATIONS SEM IV: INDUSTRY INTEGRATION

301 Securities Markets Regulations 401 Project Dissertation

302 Mergers and Acquisitions
303 Investment Banking and Private Equity
& Venture Capital
304 Taxation for Securities Market
305A Financial Modelling II
305B Smart Lab Sessions II

In addition to above, students shall have to complete following certification modules during their course
of study.
1. NISM Series V A: Mutual Fund Distributors 4. NISM Series-XV: Research Analyst Certification
Certification Examination Examination
2. NISM Series VII: Securities Operations and Risk 5. NISM-Series-X-A: Investment Adviser (Level 1)
Management Certification Examination Certification Examination
3. NISM-Series-VIII: Equity Derivatives Certification
Examination
*The fee for NISM certifications shall be borne by the candidate.
LEARNING ENVIRONMENT
NISM, with its proximity to the policy-makers and the Extensive Library
industry, draws upon the cream of academia and industry
providing cutting-edge inputs in the securities markets
The institute boasts one of the biggest specialized libraries
domain.
for Finance, which holds a rich collection of over 8500
books on securities markets, domestic and international
A wide range of pedagogical approaches is deployed – magazines, newspapers, journals, etc. The Through
case-studies, role-plays, group discussions, trading Science-Direct, the library provides access to all leading
simulations, etc. The learning environment is further academic journals in Finance, Economics, Business and
stimulated by industry interface, finance lab with modern Management.
technological infrastructure, state-of-the-art campus,
extensive library and other recreation facilities. Book
reviews, films related to Wall Street and experience State-of-the-art Campus
sharing sessions with industry experts complement the
learning process. NISM's new campus at Patalganga spread over 70 acres
of land on the scenic Mumbai-Pune Express-way has
state-of-the-art infrastructure that creates an ideal
Industry Interface
environment conducive to contemplative learning. The
eco-friendly campus is Wi-Fi enabled and features well-
The institute organizes visits to exchanges, depositories equipped class-rooms, modern auditorium and a vast
and various market intermediaries providing exposure to amphitheatre. The campus also has impressive residential
industry paradigm. NISM also invites a number of blocks with separate hostel facilities for male and female
practitioners from the industry for interaction with the participants.
participants to share their experiences. These platforms
provide opportunities to the participants to develop keen
insights to industry practices and nuances. Under the Recreation Facilities
Leadership Series, senior executives from top
organizations and SEBI share their experiences. The participants enjoy the luxury of modern recreation
facilities like swimming pool, squash court, gymnasium
with modern equipments, table tennis and badminton
Finance Lab
halls, yoga hall, cafeteria and more. The recreation blocks
pose a refreshing environment offering a balance to the
The trading simulation lab with streaming market data is a academic rigor of the programme.
key highlight of the programme. The one-of-its-kind
finance lab provides access to the participants to
databases such as Bloomberg, Prowess, etc. and
application software such as MATLAB, SAS, R, WinRATS,
E-Views, etc.
ALUMNI
Within a short span of time, NISM has a list of illustrious
Alumni from its very first batch of PGPSM (2010-11). The
alumni are the talent pool of the securities markets and are
placed in various organizations including analytic firms,
rating agencies, stock brokers, asset management
companies, fund managers, investment banks, financial
advisors, banks, etc. The success of the programme is
reflected from the sterling on-the-job performance of the
alumni in their respective organizations.
Testimonials
“I really enjoyed the experience and had a great time. I
joined PGPSM with an intention to make a lateral shift
from IT to Finance. I got introduced to the concepts of
finance in the classroom and had enough time in the hostel
to study for CFA which helped me clearing level 1 and level
2. Here, at JMN Investments, I am working on Aircraft
ABS models. My role is exciting and challenging. It has
been a good learning experience to work in a US
investment bank. I am thankful to all in realizing my goals”.
-Bipul Sinha
JMN Investment Research
“NISM PGPSM has helped me as an individual to push
myself harder into understanding, analyzing and aspiring
for greater levels in the capital market world. I have
extremely fond memories of time that I have spent in
NISM. Kudos and heartfelt thanks to the Professors, the
Mentors and the institution!”
-Nagesh Nayak
Capgemini
“NISM has an experienced pool of faculty and other
modern facilities. We learnt a lot of things in one year and
we can say our knowledge of the financial sector is as
good as that of any top B-School in the world. This one-
year course is really worth the money. Many of us got
placed in respectable companies before April. I hope the
forthcoming batches will continue to do the same and I
wish them all the best. NISM gives a huge opportunity in
research oriented jobs, consultancy, IT etc. I am really
proud of calling myself an Alumna of this prestigious
institute.”
- Swapnil Maheshwari
IRIS Business Solutions Pvt. Ltd.
ELIGIBILITY AND SELECTION CRITERIA
Eligibility criteria
Name of the
Criteria of selection
Programme Educational Qualifications

Graduate in any discipline with a minimum of 60% marks from a University Test/GD/Essay writing, interview
recognised by UGC or equivalent under 10+2+3 stream. and Counselling.
In addition to the above, candidates should fulfil atleast one of the following
three requirements

• Minimum 2 years of full time work experience, or

PGPSM
• Post Graduate in any discipline with a minimum of 60% marks from a
University recognised by UGC, or

• Has completed at least intermediate level or 2nd Level, of any of the

professional qualifications like CA, CMA, CS, or CFA (offered by the CFA
Institute).

FEE STRUCTURE OF VARIOUS PROGRAMMES

a. Fee and Other charges
PGPSM 2019-20
Fee particulars
1st Year

Tuition fee 4,00,000

Exam fee 10,000
Books, Study Material and Case studies 20,000
GST @ 18% 77,400
Total Fee 5,07,400

Contribution to Alumni Association Fund 2,000

Total 5,09,400

b. Deposits (Refundable) to be paid at the time of admission:

Particulars Amount (Rs.)

Library Deposit 10,000

Hostel Deposit* 10,000

* Applicable to students opting for hostel accommodation

c. Hostel Fee and Mess Charges to paid by hostellers:

Particulars Amount (Rs.)

Hostel fee per year 80,000

Mess charges per year (plus GST @ 5% on food) 63,000

Hostel Accommodation: Admitted students opting for hostel shall be provided twin shared non-air-conditioned accommodation
during their course of study. There is a separate provision for girls' accommodation and the same shall also be on twin-shared basis.

d. Fee for certification modules

Students of PGPSM are required to mandatorily complete certain certification modules as indicated under programme architecture.
Certification enrolment fee have to be borne by students separately (not included in the aforesaid fee).

e. Educational Loan
Banks provide educational loans for programs of NISM, subject to terms and conditions of respective banks.
FEE REFUND POLICY

Institute will refund fees collected after deducting an amount Rs.1,000/- as processing fee and return the certificates to the
students withdrawing from the institution before the last date of admission for whatever the reasons as per the procedure
prescribed by various government guidelines. The last date for withdrawal of admissions for the purpose of refund of fees shall
be 30th June every year.

If a student chooses to withdraw from the program of study in which he/she is enrolled, the institute will follow the following
three-tier system for the refund of fees remitted by the student.

Percentage of Refund of Fees Point of time when notice of withdrawal of admission is

Sr. No
served to the Institute

100% less (Rs.1,000/- plus proportionate hostel and Before commencement of the programme or 30th June
1.
mess charges) every year, whichever is earlier

100% less (Rs. 10,000/- plus proportionate hostel After 30th June every year and the vacant seat is filled
2.
and mess charges) by another student from wait list.

After commencement of the programme or after 30th June

3. 0%
of the academic year and the seat remained vacant.

*The management reserves the right to change, amend course structure and fees as when it is deems fit.

MERIT SCHOLARSHIPS, TUITION FEE WAIVERS, AND AWARDS

Institute encourages academically outstanding, deserving and financially backward students requiring financial support. The
following schemes are available for eligible students:

a) Merit Scholarship: Students who have secured 1st rank at the preceding degree (in an examination where atleast 120
students have taken exam in the respective University/Institute) are eligible for 50% of the tuition fee during the first term.
Students shall secure atleast 60% of marks with 90% of attendance in each semester in order to continue to be eligible for
50% tuition fee waiver for the entire course. Maximum scholarships available in an academic year would be two (2).

b) Economically backward students: Economically backward students, with meritorious academic record are eligible for
50% of tuition waiver in the first term, whose parent/guardian income is less than Rs.4.00 lakh per annum. A student shall
secure atleast 60% and above along with 90% attendance in each term in order to continue to be eligible for such tuition fee
waiver. The student shall pay first instalment of full tuition and other fee at the time of admission and thereafter an
application to be submitted for seeking tuition fee waiver under the scheme. Maximum of 2 students in an academic year
will be considered under the scheme.

c) Students from local area: Students from local villages such as Rees, Chamburli, Mohopada (Wasambe) within the group
Panchayat of Mohopada securing admission in long-term educational programmes are eligible for 30% fee waiver. Such
students are not eligible for hostel accommodation. Student shall secure atleast 60% and above along with 90% attendance
in each term in order to continue to be eligible for such tuition fee waiver. Maximum of number of tuition fee waivers under
the scheme shall be three (3) nos.

d) Best Performing Student: Students undergoing two-year fulltime programme are eligible for 50% of tuition fee waiver for
the second year for securing the first position/rank in the first year.
e) Children and Spouse of Staff /outsourced staff: Children and Spouse of Staff and outsourced staff with annual income
less than Rs. 5 lakh are eligible for 40% fee waiver. Their ward shall secure atleast 60% and above along with 90%
attendance in each term in order to continue to be eligible for such tuition fee waiver. Maximum number of tuition fee
waivers under the scheme shall be two (2) nos. in an academic year.

e) Awards: • 1st ranker holder of PGDM to receive SBI Gold Medal along with Rs. 1 lakh cash reward.
• 1st ranker holder of PGPSM 1st ranker to receive Canara Bank Gold Medal along with Rs. 50,000/- cash.

GENERAL TERMS AND CONDITIONS GOVERNING MERIT SCHOLARSHIPS, TUITION FEE WAIVERS.

a. The students undergoing all full-time academic programmes of one-year or more conducted by the Institute are only eligible
for seeking waivers/scholarships. Students undergoing joint/ collaborative/sponsored programmes are not eligible.

b. In order to become eligible for tuition fee waiver, a student shall first secure admission to course through competitive
selection process.

c. Students seeking tuition fee waiver under any of the above scheme shall pay first instalment of full tuition and other fee in full
at the time of admission.

d. Application for tuition fee waiver shall be submitted along with Rank Certificate issued by University/Institution or
Economically Backward Certificate issued by an Officer not below the rank of Tahasildar or residence certificate for local
students issued by Tahasildar.

e. Student is eligible for waiver of tuition fee under only one of the above schemes. No student is eligible for waiver under
multiple schemes.

f. Student may note that, merely by submitting an application under any of the above scheme, will not become eligible for
tuition fee waiver. All the applications received shall be scrutinised by a Committee duly constituted by the Director for their
recommendation. In all the matters relating tuition fee waiver Director's decision shall be final. There is no provision for
appeal in the scheme.

g. If there are no deserving students in a year, no waiver/scholarships will be awarded.

h. NISM reserves right to verify correctness of the application made with the respective authorities and if is found to be
incorrect at any point of time, the student shall pay the entire fee along with penalty forthwith or the institute has right to take
disciplinary action.
ACADEMIC ENVIRONMENT AND LEARNING INFRASTRUCTURE

NISM Campus
NISM's sprawling new campus with a serene environment and state-of-the-art infrastructure at Patalganga, near Mumbai has become fully
operational now. Residential academic programmes for post graduate students and short term training programmes for market
participants are being offered from this picturesque campus. NISM has started expanding its wings by offering a variety of programmes to
all stakeholders in financial markets.

NISM has embarked on a fast track expansion of its activities both domestically as well as internationally, which will position NISM as a
leading global player in knowledge dissemination and skills enhancement in the financial markets domain.

In coming years, NISM will continue its journey to be the leading financial markets education, research and training provider in the Middle
East / South Asia /Asia Pacific regions.

NISM is located in a 72 acres fully residential campus. The campus has several full-fledged classrooms with latest teaching aids including
audio-visual systems, Wifi network, two simulation-cum-finance labs and three well-furnished hostel blocks separate for boys and girls,
caring wardens and a tight security ensure a pleasant stay. The campus is having dining halls for students as well as MDP participants, well-
stocked library spread over 20,000 sq.ft., an open air amphitheatre and well equipped auditorium having a seating capacity of 450+. For
housing executives attending management development programmes, the campus has a separate well-furnished MDP Hostel block with a
capacity of 100 rooms.

To ensure students' wellbeing, NISM campus has tie ups with renowned groups of hospitals to take care of any emergency, whatsoever.
PLACEMENTS/CAREER OPPORTUNITIES
Institute provides placement assistance to students undergoing full-time programmes. Placement is expected to be
collective effort of student group and placement team of NISM.

HOW TO APPLY
Candidates are required to register themselves using the link provided on NISM Website (www.nism.ac.in). Upon successful
registration, a User-ID and Password will be sent to the registered email ID and mobile number of the candidate. Thereafter,
candidates are required to log in and fill up the on-line application form and pay application fee. After making the payment of
application fee the candidates are allowed to submit their application. Candidates desirous of applying for more than one
programme, are allowed to log-in and fill in a single online form and make payment for all chosen programs. They can also fill in
separate application form for each program and make payment. Application fee for the programmes is as follows:

Sr. No. Name of the Programme Application fee (Rs.)

1 PGPSM 1,000/-

IMPORTANT DATES

Admission Activity Dates

Student Arrival of campus 28-June-19

Commencement of programme 01-July-19

 NISM Campus at Patalganga

NISM Bhavan NISM Campus

National Institute of Securities Markets
An Educational Initiative of SEBI
NISM Bhavan, Plot No. 82, Sector 17,
Vashi, Navi Mumbai - 400 703
Tel: 022 6673 5100-05 | Fax: 022 6673 5110
National Institute of Securities Markets
An Educational Initiative of SEBI
Plot No. IS-1, IS-2, Patalganga Industrial Area,
Off Mumbai-Pune Express Highway,
Wasambe (Mahapada) Village,
Khalapur Talluka, Raigad District, Maharashtra - 410207

www.nism.ac.in

Email at: Dowload Prospectus

Helpdesk
pgpsm@nism.ac.in www.nism.ac.in/pgpsm
+91-82680 02412