An Educational Initiative of SEBI

Prospectus 2014-15

PGPSM is a 1-year Post Graduate Programme with specialization in Securities Markets

MOST B-SCHOOL STUDENTS CHOOSE A SPECIALIZATION IN THEIR SECOND YEAR

You would be a specialist in securities markets by then.

NATIONAL INSTITUTE OF SECURITIES MARKETS

NISM 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. 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

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.

Institutes Philosophy
To engage in capacity building among stakeholders in the securities markets through financial literacy, professional education, certification, enhancing governance standards and fostering policy research. The activities at NISM are carried out through its Six Schools, These include: School for Investor Education and Financial Literacy (SIEFL) School for Certification of Intermediaries (SCI) School for Securities Information and Research (SSIR) School for Regulatory Studies and Supervision (SRSS) School for Corporate Governance (SCG) School for Securities Education (SSE)

BACKGROUND OF NISM
In his budget speech of February 2005, the Honourable Union Finance Minister announced that the Securities and Exchange Board of India (SEBI) would establish an institute to undertake securities markets education and research. In pursuance of this mandate, SEBI established the National Institute of Securities Markets (NISM) in Mumbai as a public trust under the Bombay Public Trusts Act, 1950. The mission for NISM is to add to market quality through educational and research initiatives that would support, enable and expedite an entire gamut of high quality knowledge services in the securities industry. A market for securities education and research is gradually emerging in India and abroad - partly due to the buoyancy in the securities industry and partly because of the regulatory efforts to create minimum competency levels for securities industry professionals. NISM intends to play a catalytic role in addressing these needs. Given the uniqueness of India and other developing markets, such intervention would follow the twin approaches of accessing and disseminating the relevant existing knowledge and creating new knowledge that is more specific and appropriate for developing markets. With no other institute in the Asian region that seeks to address as wide a canvas, NISM stands uniquely poised to become an institution that would not only serve the securities markets in India but could also assume a pan Afro-Asian purpose.

Board of Governors
As on October 31, 2013 Mr. U. K. Sinha Chairman, Securities and Exchange Board of India (Chairman, Board of Governors) Mr. Rajeev Kumar Agarwal Whole Time Member, Securities and Exchange Board of India (SEBI) Mr. Prashant Saran Whole Time Member, Securities and Exchange Board of India (SEBI) Mr. P. K. Nagpal Executive Director, Securities and Exchange Board of India (SEBI) Mr. Uday Kotak Vice Chairman & Managing Director, Kotak Mahindra Bank Ltd. Ms. Chanda Kochhar Managing Director & Chief Executive Officer, ICICI Bank Mr. R. M. Malla Former Chairman & Managing Director, IDBI Bank Ltd. Dr. Anil Khandelwal Former Chairman of Bank of Baroda Mr. M. S. Sahoo Secretary, The Institute of Company Secretaries of India Mr. Sandip Ghose Director, NISM Mr. G. P. Garg Registrar, NISM Mr. Cyril Shroff Managing Partner, Amarchand & Mangaldas & Suresh A. Shroff & Co., Mumbai Prof. Samir Barua Former Director, Indian Institute of Management (IIM), Ahmedabad Dr. Shekhar Shah Director-General, National Council of Applied Economic Research (NCAER), New Delhi Mr. Sandip Ghose Director, NISM. (Chairman, Academic Council)

SCHOOL FOR SECURITIES EDUCATION (SSE)

NISM 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 markets. With the Indian economy growing consistently at over 5%, many Indian companies are scaling up their activities in India and abroad. This has necessitated a greater need 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, investment 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 market community, SSE is uniquely positioned to provide educational programmes that will create new age securities markets professionals.

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CONTENTS
Post Graduate Programme in Securities Markets (PGPSM) About PGPSM Value Addition from PGPSM Target Audience Programme Architecture Programme Design and Content Learning Environment Student Performance and Evaluation Criteria Infrastructure Accommodation and Residential Facilities Systems Support Library Notebook Computer Awards Industry Interaction Placement Facilitation Academic Team Full-time Visiting Faculty Testimonials Alumni Admission Procedure Eligibility Criteria NISM Online Test Cities and Towns where the test is likely to be conducted Personal Interview Selection Procedure Announcement of Selected Candidates Sponsored Candidates Documentation Fees and Deposits Educational Loan Online Registration-Prospectus and Online Application Last date for Online Registration Hall Ticket for NISM Online Test Important Dates 16 01 01 01 01 01 02 03 03 03 04 04 04 05 05 05 06 07 07 09 10 10 11 11 11 11 11 12 12 12 13 13 15 15 15 15

POST GRADUATE PROGRAMME IN SECURITIES MARKETS (PGPSM)

For students aspiring a career in securities markets, PGPSM is an extremely unique opportunity to obtain firsthand 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 students looking for knowledge and skill-sets as a solid foundation. Informal estimates indicate that the securities markets would require about 32,000 professionals every year. The required skill-sets 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.

Value Addition from PGPSM

By completing the PGPSM, students would be able to: 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 Audience
The target audience includes: Graduates and post-graduates aspiring for careers in securities markets Executives seeking careers or career switches related to securities markets

Programme Architecture
Divided into four terms, the programme is a balanced blend of theory and practice. These four terms lay emphasis on the following: Conceptual Phase Application Phase Advanced Application Phase Industry Interaction Phase

About Post Graduate Programe in Securities Markets (PGPSM)

PGPSM is a one-year full time Post-Graduate Programme aimed at creating next generation securities markets professionals.

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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 Conceptual Phase Economics Mathematics for Securities Markets Statistics for Securities Markets Financial Accounting & Reporting Financial Institutions & Markets Corporate Finance Term II Application Phase Fixed Income Securities Securities Analysis & Valuation Econometrics & Time Series Analysis Portfolio Management Derivatives & Risk Management Mutual Funds Term III Advanced Application Phase Global Financial Markets Regulation - Theory & Practice Mergers, Acquisitions & Corporate Restructuring Financial Modelling & Computing Corporate Governance Behavioural Finance Management Perspectives Term IV Industry Interaction Phase Internship Project Dissertation Seminars

(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.) In addition to the above, students gain exposure through several workshops on contemporary topics such as IFRS, XBRL, Simulated Trading, Market Microstructure, Behavioural Finance etc. During Terms I to III, students are expected to study a total of 18 courses of 1 full credit each. Each credit would mean approximately 30 hours of classroom inputs. In Term IV, commencing from April 16, 2015 students are required to undertake an internship project with an organization where they are placed as executives/interns in the securities industry. The Project Dissertation which carries 2 credits, is to be submitted before May 31, the concluding day of Term IV. Students are free to join their respective organizations on or after April 16 each year.

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LEARNING ENVIRONMENT
NISM draws upon the cream of academia and industry for providing cutting-edge inputs in the Securities markets domain. A wide range of pedagogical approaches is deployed. The learning environment is further stimulated by use of technology such as Databases (Bloomberg, Capitaline, Prowess), Application Software (Matlab, SAS, R) and Simulated Trading with streaming data. Students are provided with internationally benchmarked textbooks. Additionally, the library is exclusively dedicated towards finance, securities markets and related areas with an upto-date collection of books and scientific journals. Book reviews, films related to Wall Street and experiential learning through interactions with industry experts complement the learning process.

Student Performance and Evaluation Criteria

PGPSM is a rigorous programme pegged at the level of post graduation, leading to the award of PGPSM. The programme is specially designed to raise the 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 prescribe from time to time A student is expected to obtain the minimum passing grade of 50% in each of the courses listed above.

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. The hostel, NISM Niwas, also a 6-storey building, is located about 2 Km from the Institute.

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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 & WiFi based network system. Classrooms, Auditorium and Conference Room are adequately networked and have access to server-based packages. Students will have access to advanced as well as regular applications, software packages on mathematical, technical and capital markets, and industry and company databases. These include Bloomberg, Prowess, Alpha, and numerical technical packages such as SAS, SPSS, Matlab, WinRATS, E-Views, etc.

Library
Students of PGPSM will have access to a library which holds a collection that is highly specialized in the area of securities markets. Thus library is unique owing to the fact that each book is hand-picked by faculty members and experts. The library presently holds more than 7,600 books and researchers all over the country have benefited from it. NISM constantly endeavours to enhance its collection of books, journals and even films pertaining to the security markets. Through Science-Direct, the library provides access to all the leading academic journals in Finance, Economics, Business and Management. In addition to the above, the library subscribes to periodicals relevant to the securities markets. PGPSM students would be provided library cards, enabling them to take 2 books at a time, for a duration of one week. As regards prescribed text books, each student would be provided a personal copy as part of the study kit.

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Notebook Computer
Students are expected to purchase their own Notebook/ Laptop and carry it while attending classes.

Awards
Best performing student in PGPSM will be awarded Gold Medal sponsored by State Bank of India and a cash award of ` 1 lakh.

Industry Interaction
NISM invites number of practitioners from industry for interaction with the students of PGPSM to provide their insights and share their experiences. This platform provides an opportunity for students to have a practical exposure for securities industry operations and nuances. Under the Leadership Series, senior executives from top organizations and SEBI share their experiences.

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PLACEMENT FACILITATION
NISM does not guarantee placements. However, NISM provides assistance for placement by inviting prospective recruiters for careers in Finance and Securities Markets. NISM received good support and encouragement from industry. Our alumni have given a sterling performance in the following organizations: Asit C Mehta Intermediates Bank of America (Continuum) Canara Bank Securities Ltd. Capgemini CARE Ratings Credit Suisse E Clerx JMN Investment Research Hansa Solutions HDFC Bank ICICI Bank ICRA Management Services India Nivesh I-Peritus IRIS Business Solutions LKP Securities Ltd. Markit Mata Securities Nomura Punjab National Bank PNB GILTS Reserve Bank of India SES Governance State Bank of India SWIFT Syntel Tariff Authority for Major Ports TCS Thomson Reuters Zephyr Financial

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ACADEMIC TEAM
Full-time
Prof. Sunder Ram Korivi Dean - School for Securities Education Prof. Sunder Ram Korivi is an MA (Economics & Political Science) and PhD (Business Policy & Administration) from the University of Mumbai. He is a Fellow of the Institute of Chartered Accountants of India. Additionally he is also an Associate member of the Institute of Cost & Management Accountants of India and the Insurance Institute of India. He was a full-time faculty member at SP Jain Institute of Management, and later, a Professor and Dean at NMIMS University. He has conducted policy-oriented research for the Central and State Governments. An adjunct faculty at IIM Kozhikode, he has also lectured at IIT Bombay, NIBM, NIA, NITIE, BSE and other institutes. He has guided 2 PhDs, and also refereed PhD studies of several universities all over India. He has prior work experience with Business India as a Corporate Researcher, Tata Industrial Finance Corporation as a Merchant Banker. 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, he was with the Centre for Analytical Finance, Indian School of Business as Senior Researcher and Researcher at ICICI Research Centre, Chennai. He is also associated with the School for Securities Information and Research in building the Network for Securities Market Data.

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Dr. Poonam Singh, Assistant Professor Dr. Poonam Mehra holds a PhD in Economics 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 Scholarship Programme (December 2006 - July 2008). She is a Gold medallist in Economics (MSc) with specialization in Econometrics and Industrial Organization. She has been awarded National scholarship at different levels of her academic career. Her teaching interests include Economics for Securities Markets, Mergers & Acquisitions, Econometrics and Regulation in Securities Markets. She has been a guest faculty at IICM, NIBM and Azim Premji University. She also teaches in Management Development Programmes and SEBI programmes. 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. She is a reviewer for international journals. She has been involved in policy-oriented research and consultancy projects for Ministry of Finance, Securities Exchange Board of India and IGIDR Finance Group. She has served as a committee member for sponsored projects of Ministry of Finance. Mr. Akhlaque Ahmed, Lecturer Mr. Akhlaque Ahmed is an MSc (Applied Mathematics) from Aligarh Muslim University and an MPhil (Cryptography) from the University of Mumbai. He has been a research fellow for the Ministry of Science and Technology, Govt. of India, New Delhi. He has a Post Graduate Diploma in Financial Engineering. Currently, he is pursuing his Doctoral degree in Financial Derivatives from Department of Economics (Autonomous), University of Mumbai. Prior to Joining NISM, he was associated with the undergraduate programme of the London School of Economics & Political Sciences conducted at Mumbai. He has published three journal papers in the area of financial economics. His areas of interest include Financial Mathematics, Financial Cryptography, Quantitative

Finance and Derivative Pricing. He is a visiting faculty at various B-Schools of University of Mumbai and Symbosis International University, Pune. He has industrial experience as a consultant with PRAXIS Technologies, Mumbai. He teaches Mathematical Finance, Financial Engineering and related subjects. He extensively uses RLanguage, Matlab, Stata and statistical and mathematical softwares. Ms. Kavitha Ranganathan, Manager Ms. Kavitha Ranganathan is an MPhil and a Post Graduate in Commerce (Mumbai University). She is currently pursuing a PhD in Behavioral Finance. Prior to joining NISM, she worked as a Research Associate at IIM Bangalore. At NISM, she is primarily associated with the School for Securities Education (SSE), and research projects at NISM. Her research interests are in Behavioural Finance, Experimental Economics and Decision Making Approaches. She is also involved in policy-oriented research projects for Ministry of Finance, Securities and Exchange Board of India (SEBI) and IGIDR Finance Group. She has presented her research work at international and national conferences and won the best paper award at the IISc COSMAR Conference. Ms. Shobana Balasubramaniam, Academic Associate Ms. Shobana Balasubramaniam is an MSc in Economics from Indira Gandhi Institute of Development and Research (IGIDR) and Economics-Statistics graduate from Mumbai University. She has been involved in research projects for Ministry of Finance and Securities and Exchange Board of India (SEBI). She has been invited by St. Xaviers' College, Mumbai to conduct sessions in Time Series Analysis. Her research interests include International Economics, Applied Econometrics and Policy Research. Dr Rachana Baid, Adjunct Associate Professor Dr. Rachana Baid is an M.Com (Gold medalist) 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.

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Visiting Faculty
Dr. Surendra Sundararajan Dr. Surendra Sundararajan, a Professor at M. S. University of Baroda, is an MA (Economics), LLB, MBA (Wisconsin), and a PhD. He is an expert in Securities Markets and Risk Management & Derivatives. He is also a visiting faculty at SP Jain Institute of Management and Great Lakes Institute of Management. Mr. B. Venkatesh Mr. Venkatesh is a CFA (USA) and FRM (GARP), in addition to being a Chartered Accountant and a Cost & Management Accountant. He is an expert in Securities Analysis, Portfolio Management and Behavioural Finance. A former Editor (Financial Markets) at Business Line (a Hindu Group) publication, he is the Founder Director of Navera Consulting, a firm that specializes in portfolio performance evaluation. Previously, he has been a visiting faculty at IIM Bangalore and Great Lakes Institute of Management. Dr. M. Venkateshwarlu Dr. Venkateshwarlu, MCom and PhD, is an Associate Professor at National Institute of Industrial Engineering (NITIE). He has also pioneered the development of the CRISIL Certified Analyst Programme. His areas of interest are Financial Economics, Valuation and Risk Management. He has several research articles at refereed international and national journals, besides conference papers. Mr. B. Renganathan Mr. Renganathan is a Cost Accountant and Fellow of the Institute of Company Secretaries of India. He is a Senior Vice President - Compliance and Legal, at Edelweiss. His areas of specialisation are Corporate Laws, Securities Markets Regulation and Mergers & Acquisitions. Mr. Ramesh B. Thimmaraya Ramesh Babu Thimmaraya is an ME from IIT Madras, MBA from NITIE, Bombay and has attained the FRM Certification from GARP. He has worked at CENDAC Labs, USA and at GE, Bangalore. He has written 18 research papers in many peer reviewed international journals in the areas of Applied Mathematics, Quantitative Finance and Economics. Two of his re-search papers on mathematical statistics are in reputed international journals, one of the papers is among the top-25 cited articles in the world in the area of Time Series Analysis and Dynamics. Mr. C. D. Shreedharan Mr C. D. Shreedharan has 36 years of experience in the Reserve Bank of India, across Foreign Exchange, Exchange Control, Currency Markets, Money Markets and Debt Markets. He was also a faculty member in the Reserve Bank Training College. He has been teaching at the Masters' level at prestigious institutions such as IIM Kozhikode, Institute of Chartered Accountants of India, BSE Training Institute, Jamnalal Bajaj Institute of Management Studies, Narsee Monjee Institute of Management Studies, S.P.Bankers' Training College etc. His teaching expertise is in the areas of Macro-economics, Monetary Economics, International Finance and Foreign Exchange Derivatives. He has also made notable contributions to the above-mentioned academic institutions and was instrumental in the collaborative efforts between Case Western University and NMIMS. Mr. Jeet R. Shah Mr. Jeet R.Shah is a M.Com from Mumbai University and a Certified Financial Planner (CFP CM ). He has over 10 years industry experience in the field of corporate and personal finance, taxation ,capital syndication etc. Currently he is a Partner of Veer Consultancy Services which focuses on SME consulting and Personal Financial Planning .He likes to teach and has a teaching experience of about 7 years .He is a visiting faculty with NMIMS , S. P. Jain Institute of Management and Research and Indo-German Training Centre and has taken corporate training sessions for SBI , Mahindra Kotal Securities ,NISM and LIC .Jeet had been a consultant to FPSB - India and was a expert in the second round table on Direct Tax Code organised by Ministry Of Finance under the aegis of SEBI's - NISM.

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TESTIMONIALS
Alumni
Within a short span of time, NISM has a list of illustrious Alumni from its very first batch (20010-11). Their experience at NISM is briefly reproduced in the following paragraphs. Abhishek Priyadarshi, JMN Investment Research This is to inform you all that I passed my CFA level-1 exam, June 2011. Other big news is Pitch Book (It's a 515 pages financial database for 47 US listed restaurant companies having market capitalisation more than $50 million) which I prepared for one of my client US investment bank (Piper Jaffery), got published in US last month. Currently, I am working on Spin off valuation of US companies across all sectors and also prepare reports on them. So far everything is fine and challenging. Balasubramanian Srinivasan, TAMP I am glad to inform you sir, that I have been selected as Member (Finance) in Tariff Authority for Major Ports, Mumbai, a Port Regulatory Authority under Ministry of Shipping in the Rank and Pay of Additional Secretary to Govt of India. The PGPSM course subjects were very helpful to me while attending the interview. I wish to convey my heartiest thanks to all the Faculty members and management of NISM. Bipul Sinha, JMN Investment Research I am very pleased to inform you that I have passed level 2 of CFA exam. Its been a very fruitful and an exciting year (i.e. 10 months to be exact) for me at NISM. I really enjoyed the experience and had a great time. I joined NISM 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 in December and level 2 in June. Here, at JMN Investments, I am working on Aircraft ABS models. The work is good and challenging. I am travelling to US next weekend related to my work. It would be a good learning experience to work in a US investment bank. I am thankful to all in realizing my goals. Vinayaka Muppanna, IRIS Business Solutions I am happy to inform you that I have passed my CFA level 2 Exam. Thanks for all the valuable inputs I got from NISM for achieving this. Nagesh Nayak, Capgemini NISM, though a skeptical choice at that time, was an experiment. I am proud to say today has dispelled my initial reservations of not being robust and course content specific. In retrospection, it 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 a heartfelt thanks to the Professors, Mentors and NISM the institution. Swapnil Maheshwar, IRIS Business Solutions Pvt. Ltd. NISM has helped us in building a career in capital markets. NISM is having a very good pool of faculties and other facilities. We have learnt a lot of things in one year of our stay in NISM. We have been taught all subjects related to capital markets in a very efficient way and can say our knowledge of the financial sector is as good as of any high class B-School. This one year course is really worth the money. Many of us got placement also before April, which saved our opportunity cost also. I hope it will continue to do the same. NISM gives a huge opportunity in research oriented jobs, consultancy, IT etc. Wish you very best of luck for the next batches. I am really proud of calling myself as Alumni of this prestigious institute.

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ADMISSION PROCEDURE
Eligibility Criteria
Minimum qualification A bachelor's degree from a recognised Indian university or equivalent with a minimum of 50% in aggregate. Age There is no age limit for the programme, but it is desirable that the candidate is below 30 years of age. Entrance Test Candidates have a choice of using the NISM Online Entrance Test or other Test scores specified in the paragraph below. Candidates having valid Test scores in the top 30 percentile of GMAT/XAT are eligible to apply. Other candidates may appear in the NISM Online Entrance Test. 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

NISM Online Entrance 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 May 4, 2014 (Sunday). For guidance on choice and availability of online test centre, kindly refer to the following section on test centres.

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 2014. NISM will intimate the exact date, time and venue of the personal interview to the shortlisted candidates.

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Selection Procedure
The final selection of the candidate will be based on thefollowing criteria and weights, totalling to 100 points: NO.
01

CRITERIA Profile a) Academic Qualification / Performance -20% b) Work Experience - 20%

WEIGHT 40% 20% 40%

02 03

Essay Personal Interview

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 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. The maximum class strength will be 50 students. NISM reserves the right to increase or decrease the number, depending on the quality of the applications received for consideration. Hostel accommodation may be offered depending upon availability. Preference will be given to outstation and lady candidates as may be decided by the Institute.

Sponsored Candidates
Sponsored candidates are those whose application forms are forwarded to NISM through their respective employers, being eligible organizations, as described in the next paragraph. The employer should furnish an undertaking to grant study leave to the said candidates and also undertake to bear all the fees. Eligible organizations would include 1.Government Departments/ Public Sector Undertakings 2.Public companies or Trusts registered with SEBI 3.Banks/NBFCs recognized by RBI 4.Insurance Companies/Intermediaries recognized by IRDA. A maximum of five seats are reserved for sponsored candidates. However, the sponsored candidates have to participate in the admission processes as applicable to other candidates. If the number of sponsored candidates is inadequate then the seats reserved for the sponsored candidates may be offered to other candidates. Sponsored candidates are not allowed to participate in campus placement process.

Announcement of Selected Candidates

The list of selected candidates will be displayed on the Institutes website on May 30, 2014. Selected candidates would be required to pay the first installment of fees (see table of fees) on or before June 20, 2014. Provisional admission offered to selected candidates who do not pay the fees on or before the stipulated date would automatically stand cancelled.

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Documentation
Candidates shortlisted for the interview would have to show originals and submit self-attested photocopies of the following documents at the time of interview: 1. Graduation/Post Graduation certificate issued by the university/institute 2. Statement of marks of graduation/post graduation examination issued by the university/institute 3. Date of Birth certificate (i.e., S.S.C., School Leaving Certificate or Birth Certificate issued by the Municipal/ Local authority) 4. Experience certificate from the employer, if applicable

Fees and Deposits

The details of the fees, refundable deposits and nonrefundable charges payable to the Institute. Fees The total fee is ` 3,00,000/- (Rupees Three Lakhs only) for the entire year. The fee is non-refundable. Students who fail to pay the fee on time could face a penalty or could be barred from the PGPSM Programme. Fees are payable in two installments and Service Tax as applicable shall be communicated to the selected students.

Provisional Admission is granted to all students on the understanding that the final year results of their Graduation/ Post Graduation, Degree/ Diploma shall be submitted within reasonable time (Say, October 3, 2014). A failure or non-submission may result in the cancellation of provisional admission.

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The break-up of the fee is as under: NO.

01 02 03

PARTICULARS Tuition Fee Examination Fee Library Fee

FEE AMOUNT `

2,80,000
10,000 10,000

Refundable Deposits In addition, the admitted students are required to pay refundable deposits, subject to terms and conditions as detailed below: NO.
01 02

PARTICULARS Library Deposit Hostel Room Deposit*

AMOUNT ` 10,000 10,000

Non-Refundable Deposits The students are also required to pay the following charges which are not-refundable. NO.
01 02 03 04

PARTICULARS Alumni Association Fund (Annual) Hostel Rent (monthly) Boarding Charges* Lunch & Tea charges per month **

AMOUNT `

2,000
3,000 To be paid on monthly basis To be paid on monthly basis

Applicable for students availing of hostel facility. All hostel rooms are non-A/C. Deposits are refundable subject to adjustment of any dues from the students. *Applicable for students availing of hostel facility. These are paid separately and directly to the care-taker in cash every month. **Applicable to day-scholars only.

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Educational Loan
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.

Hall Ticket for NISM Online Test

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. Enquiries All enquiries may be mailed to pgpsm@nism.ac.in. It is hereby clarified that no candidate seeking admission to PGPSM shall make any attempt to influence the selection process. Candidates attempting to influence the selection process would be debarred Force Majeure The Institute reserves the right to postpone or cancel the dates of online test and/or personal interview. Also, the Institute reserves the right to modify/change or cancel any test centre and/or personal interview centre. Candidates are also advised to visit the Institute's website for any updates and other information regularly. Please Remember The last date for online registration is April 28, 2014 (Monday) Recent Photographs have to be uploaded for Online Registration Date for NISM Online Test is May 4, 2014 (Sunday) Please visit the website www.nism.ac.in for further updates and information

Online Registration - Prospectus and Online Application

The Prospectus can be downloaded from the website www.nism.ac.in. A candidate can register online by making a payment of ` 1,000, electronically (nonrefundable). Please visit the website: www.nism.ac.in, for complete details.

Last date for Online Registration

The last date for online registration is April 28, 2014 (Monday). Please DO NOT forward copies of any certificate along with application form.

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Admissions 2014-15

IMPORTANT DATES
Commencement of Online Registration Last date for Online Registration Online Test Announcement of selected candidates for interview *Personal interviews Announcement of list of selected candidates Last Date for Payment of term I fees Last date of completing all formalities and registration Programme Commencement and Orientation week March 25, 2014 April 28, 2014 May 4, 2014 May 11, 2014 May 17- 18 & 24 - 25, 2014 May 30, 2014 June 20, 2014 June 23, 2014 June 24, 2014

*Interviews will be scheduled at different cities depending on the requirement during this period.

: : PGPSM ADMISSION OFFICE : : NATIONAL INSTITUTE OF SECURITIES MARKETS Plot no. 82, Sector 17, Vashi, Navi Mumbai - 400703, India Tel: +91 22-66735100-05 (Board) | Fax: +91 22-66735110 Direct: +91 22-66735125/58 | Mobile: +91 9930880194

Email: pgpsm@nism.ac.in | Website: www.nism.ac.in

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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 Direct: +91 22-66735125/58 | Mobile: +91 9930880194

www.nism.ac.in