A fast-track career-oriented programme in securities markets

Prospectus 2019-20PGPSM is a one-year

Post Graduate Programme withspecialization in securities markets

A fast-track career-oriented programme in securities markets

NATIONAL INSTITUTE OFSECURITIES 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.

Academic Council Board of Governors

Chairman

Mr. Ajay TyagiChairman, SEBI

Members

Mr. G. MahalingamWhole-Time Member, SEBI

Mr. S.K. MohantyWhole-Time Member, SEBI

Mr. Sanjay NayarChief Executive Officer, KKR India Advisors Pvt. Ltd.

Mr. Y. M. DeosthaleeFormer Chairman and Managing Director, L&T Finance Holdings Ltd.

Mr. Amarjeet SinghExecutive Director, SEBI

Shri A BalasubramanianChairman, AMFI and Chief Executive OfficerAditya Birla Sunlife AMC Ltd.

Mr. P S JayakumarManaging Director & Chief Executive Officer Bank of Baroda

Ms. Ashu SuyashManaging Director & Chief Executive Officer CRISIL

Dr. Amartya LahiriDirector, CAFRAL

Dr. (Mrs.) M ThenmozhiDirector, National Institute of Securities Markets

Secretary

Mr. Sunil Jayawant KadamRegistrar, National Institute of Securities Markets

Chairperson

Prof. Samir BaruaFormer Director-IIM Ahmedabad

Members

Prof. Abhay PetheDistinguished Fellow at ORF Mumbai and Visiting Senior Fellow at the Mumbai School of Economics and Public Policy (MSE&PP), University of Mumbai.

Dr. Shekhar ShahDirector General-NCAER

Mr. Amarjeet SinghExecutive Director, SEBI

Shri Anand SinhaFormer Deputy Governor, Reserve Bank of India

Prof. Ashok BanerjeeProfessor (Finance & Control), Faculty-in-charge, The Financial Research and Trading Laboratory, Director, IIM Calcutta Innovation Park (IIMCIP)

Dr. (Mrs.) M ThenmozhiDirector, National Institute of Securities Markets

Secretary

Mr. Sunil Jayawant KadamRegistrar, National Institute of Securities Markets

SCHOOL FOR SECURITIES EDUCATION (SSE)

The securities markets in India has come of age. With the

setting up of SEBI as a regulator and putting in place right

regulatory mechanism, the securities market has been

growing from strength to strength in recent years. The

companies raising finance from the securities market have

grown as is the case with the total amount of funds

mobilised through IPOs. The securities markets provide wide

choice among the investors to park their funds. In serving

these two functions, the market intermediaries look forward

talents with right knowledge and skill sets to manage their

activities.

The School for Securities Education (SSE) offers a bouquet of

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.

Full-time programmes offered by the Institute

Ÿ Post Graduate Diploma in Management (Securities Markets)

– PGDM(SM)

Ÿ Post Graduate Programme in Securities Markets – PGPSM

The School with its team of dedicated academicians and

industry experts imparts knowledge based on in-depth

research and constant interaction with the policy makers in

the industry at the highest level. The School has perfected

the design and delivery of globally benchmarked curriculum,

as evident from the sterling on-the-job performance of the

alumina.

01

NISM was presented with the B-School LeadershipAward for Excellence in education, leadership and

training, at the World Education Congress heldat Mumbai on June 29, 2012.

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 MinisterSilver 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 – SEBIFinancial Markets Conclave 2015

““

CONTENTS

14. How To Apply

15. Important Dates

13. Placements/career Opportunities

12. Academic Environment And Learning Infrastructure

11. General Terms And Conditions Governing Merit Scholarships, Tuition Fee Waivers.

10. Merit Scholarships, Tuition Fee Waivers, And Awards

9. Fee Refund Policy

7. Fee Refund Policy

8. Merit Scholarships, Tuition Fee Waivers, And Awards

6. Fee Structure Of Various Programmes

5. Eligibility And Selection Criteria

4. Alumni

3. Learning Environment

2. Programme Architecture

1. Post Graduate Programme In Securities Markets (PGPSM)

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

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.

A fast-track career-oriented programme in securities markets

*PGPSM is certification programme offered by NISM

PROGRAMME ARCHITECTURE

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

Divided into four terms - conceptual, application, advanced application and industry interaction, the programme is a balanced blend of theory and practice.

101 Economics for Securities Markets

102 Mathematics and Statistics for Securities Markets

103 Financial Analysis and Reporting

104 Financial Institutions & Markets

105 Corporate Finance

106 Corporate and Allied Laws

201 Equity Valuation

202 Financial Services (Commercial Banking)

203 Fixed Income Securities

204 Portfolio Management and Mutual Funds

205 Derivatives & Risk Management

206A Financial Modelling I

206B Smart Lab Sessions I

301 Securities Markets Regulations

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

401 Project Dissertation

TRIMESTER II: APPLICATIONSTRIMESTER I: CONCEPTS

TRIMESTER III: ADVANCED APPLICATIONS SEM IV: INDUSTRY INTEGRATION

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

Certification Examination

2. NISM Series VII: Securities Operations and Risk

Management Certification Examination

3. NISM-Series-VIII: Equity Derivatives Certification

Examination

4. NISM Series-XV: Research Analyst Certification

Examination

5. NISM-Series-X-A: Investment Adviser (Level 1)

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 industry, draws upon the cream of academia and industry providing cutting-edge inputs in the securities markets domain.

A wide range of pedagogical approaches is deployed – case-studies, role-plays, group discussions, trading simulations, etc. The learning environment is further stimulated by industry interface, finance lab with modern technological infrastructure, state-of-the-art campus, extensive library and other recreation facilities. Book reviews, films related to Wall Street and experience sharing sessions with industry experts complement the learning process.

The institute organizes visits to exchanges, depositories and various market intermediaries providing exposure to industry paradigm. NISM also invites a number of practitioners from the industry for interaction with the participants to share their experiences. These platforms provide opportunities to the participants to develop keen insights to industry practices and nuances. Under the Leadership Series, senior executives from top organizations and SEBI share their experiences.

The trading simulation lab with streaming market data is a 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.

Industry Interface

Finance Lab

Extensive Library

State-of-the-art Campus

Recreation Facilities

The institute boasts one of the biggest specialized libraries for Finance, which holds a rich collection of over 8500 books on securities markets, domestic and international magazines, newspapers, journals, etc. The Through Science-Direct, the library provides access to all leading academic journals in Finance, Economics, Business and Management.

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 environment conducive to contemplative learning. The eco-friendly campus is Wi-Fi enabled and features well-equipped class-rooms, modern auditorium and a vast amphitheatre. The campus also has impressive residential blocks with separate hostel facilities for male and female participants.

The participants enjoy the luxury of modern recreation facilities like swimming pool, squash court, gymnasium with modern equipments, table tennis and badminton halls, yoga hall, cafeteria and more. The recreation blocks pose a refreshing environment offering a balance to the academic rigor of the programme.

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.

“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”.

JMN Investment Research

Testimonials

-Bipul Sinha

“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!”

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.”

IRIS Business Solutions Pvt. Ltd.

-Nagesh Nayak

- Swapnil Maheshwari

FEE STRUCTURE OF VARIOUS PROGRAMMESa. Fee and Other charges

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

Particulars Amount (Rs.)

Library Deposit

Hostel Deposit*

10,000

10,000

* Applicable to students opting for hostel accommodation

Fee particularsPGPSM 2019-20

1st Year

Tuition fee

Exam fee

Books, Study Material and Case studies

GST @ 18%

Total Fee

Contribution to Alumni Association Fund

Total

Due Date

ELIGIBILITY AND SELECTION CRITERIA

Eligibility criteria

Educational Qualifications

Name of the

Programme Criteria of selection

PGPSM

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

• Minimum 2 years of full time work experience, or

• 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).

Test/GD/Essay writing, interview and Counselling.

4,00,000

10,000

20,000

77,400

5,07,400

2,000

5,09,400

15-May-19

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.

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).

d. Fee for certification modules

Banks provide educational loans for programs of NISM, subject to terms and conditions of respective banks.

e. Educational Loan

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

Particulars Amount (Rs.)

Hostel fee per year

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

80,000

63,000

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.

Sr. No Percentage of Refund of Fees Point of time when notice of withdrawal of admission is served to the Institute

100% less (Rs.1,000/- plus proportionate hostel and

mess charges)

Before commencement of the programme or 30th June

every year, whichever is earlier

100% less (Rs. 10,000/- plus proportionate hostel

and mess charges)

After 30th June every year and the vacant seat is filled

by another student from wait list.

1.

2.

3. 0% After commencement of the programme or after 15th May

of the academic year and the seat remained vacant.

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.

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

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.

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.

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.

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 Date/s

Application window open

Application window closes on

Selection process

Announcement of 1st merit list

Last date for payment of fee 1st list

Announcement of 2nd merit list

Last date for payment of fee 2nd merit list

Student Arrival of campus

Commencement of programme

01-Jan-19

28-Feb-19

01-Mar-19 to 31-Mar-19

02-Apr-19

20-Apr-19

21-Apr-19

15-May-19

02-Jun-19

03-Jun-19

PLACEMENTS/CAREER OPPORTUNITIES

Institute provides placement assistance to students undergoing full-time programmes, however it does not guarantee

any placements. Placement is expected to be collective effort of student group and placement team of NISM.

NISM Campus at Patalganga

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

www.nism.ac.in

An Educational Initiative of SEBI

Plot No. 16-1, 16-2, Patalganga Industrial Area,Off Mumbai-Pune Express Highway,Wasambe (Mahapada) Village,Khalapur Talluka, Raigad District, Maharashtra - 410207

National Institute of Securities MarketsAn Educational Initiative of SEBI

NISM Bhavan NISM Campus

Helpdesk

+91-82680 02412

Dowload ProspectusEmail at:

[email protected] www.nism.ac.in/pgpsm