PGDM (SM)

Post Graduate Diploma in

An Educational Initiative of SEBI Management (Securities Markets)

Admission 2021-23

Two-year, Full-time programme

Post Graduate Diploma in
Management (Securities Markets)
The New Age Finance Professionals
AICTE Approved

Scholarships upto ` 2 Lakhs*

 2013

Commemorative plague of commencement of construction of NISM campus by

Dr. Manmohan Singh,
Former Prime Minister of India.

2016

Inauguration of NISM’s state-of-the-art Campus at Patalganga by

Shri. Narendra Modi,
Hon’ble Prime Minister of India.
Contents
1 Introduction to NISM and SSE

About the Institute............................................................................................... 1

Board of Governors & Academic Council............................................................. 2
Message from the Director.................................................................................. 3

2 The PGDM (SM) Programme

About SSE............................................................................................................4
Post Graduate Diploma in Management (Securities Markets)- PGDM (SM).......... 4
For Whom?......................................................................................................... 5
What do I Learn?................................................................................................. 6
Where does PGDM (SM) lead to?......................................................................... 7
Why NISM?......................................................................................................... 8
Programme Architecture - Design and Curriculum..................................... ..... 10

3 Eligibility Criteria and Admission Procedure

Admission Process............................................................................................ 14
Hostel Facilities ................................................................................................ 16
Merit Scholarships and Tuition fee waivers ....................................................... 18
Placements....................................................................................................... 20
Important Dates................................................................................................ 21
 About the Institute
National Institute of Securities Markets (NISM), is an educational institution and registered as a public trust,
established in 2006 by the Securities and Exchange Board of India (SEBI) the regulator of the securities markets
in India. The institute carries out a wide range of capacity building activities at various levels aimed at
enhancing the quality standards of and increase the participation in the securities markets. The institute's six
schools of excellence work in synergy towards professionalizing the securities markets.

The institute has six schools of excellence 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 the stakeholders in securities markets through financial literacy,
professional education, enhancing governance standards and fostering policy research.

1
Board of Governors Academic Council
Chairman Chairperson
Mr. Ajay Tyagi Prof. Samir Barua
Chairman, SEBI Former Director, IIM Ahmedabad

Members Members
Mr. G. Mahalingam Mr. S.K. Mohanty
Whole Time Member, SEBI Whole Time Member, SEBI
& Director, NISM
Mr. S.K. Mohanty
Prof. Abhay Pethe
Whole Time Member, SEBI
& Director, NISM Distinguished Fellow at ORF Mumbai and Visiting
Senior Fellow at the Mumbai School of Economics and
Mr. Sujit Prasad Public Policy (MSE&PP), University of Mumbai.
Executive Director, SEBI
Dr. Shekhar Shah
Mr. A Balasubramanian Director General, NCAER
Managing Director and Chief Executive Officer,
Aditya Birla Sunlife AMC Ltd.
Mr. Anand Sinha
Former Deputy Governor, RBI
Ms. Ashu Suyash
Mr. Sujit Prasad
Managing Director & Chief Executive Officer, CRISIL
Executive Director, SEBI
Mr. Ishaat Hussain
Prof. Ashok Banerjee
Former Director, Tata Sons and Tata Steels
Professor (Finance & Control), Faculty-in-charge,
Mr. Uday Chitale The Financial Research and Trading Laboratory,
Director, IIM Calcutta Innovation Park, IIMCIP
Independent Director, ICICI Bank Ltd.

Prof. H. Krishnamurthy Secretary to the Academic Council

Chief Research Scientist (Retired), IISc
Mr. Sunil Jayawant Kadam
Registrar, NISM
Secretary to the Board
Mr. Sunil Jayawant Kadam
Registrar, NISM

2
 Message from
the Director
The past few years have been an eventful journey for
the Indian securities markets, having taken major
strides to carve a niche for itself within the global
securities markets. The milestones which
contributed to this incredible journey is extensively
reflected in the improved market microstructure and
innovations in the overall regulatory framework.

It has been NISM`s vision to impart knowledge

relating to the securities markets to a broad array of
participants- both academic and professional; and to
build robust skilled manpower pool capable of disseminating this knowledge to the investors in securities markets
while simultaneously capable of supporting the regulators in the markets.

NISM through its academic and corporate training programs, workshops, industry interactions, etc, has undertaken
the task of redefining financial education for the purpose of creating professionals who are ready to perform their
requisite role including that of being corporate leaders in the securities markets.

Nested in the invigorating ambiance at Patalganga, NISM epitomizes a premier, modern age training and learning
centre, where talent is nurtured, groomed for launch into the corporate world.

We have embarked on a fast-track expansion of our activities, both domestically and internationally, and I believe
that this expansion will propel NISM as a leading player in the areas of knowledge dissemination and skills
enhancement within the capital markets of emerging economies.

Mr. S.K. Mohanty

Director, NISM

3
About SSE
Increasingly large, complex, dynamic and challenging scenario of capital markets demand wide repertoire of
knowledge and skill-sets from the market professionals to meet enhanced expectations of various stakeholders.
This demand is spurred by the growing economy and the expanding markets.

NISM's 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.

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 alumni.

Post Graduate
Diploma in Management
(Securities Markets)- PGDM (SM)
PGDM (SM) is an AICTE approved two-year post-graduate diploma programme, where the students get exposure
to varied subjects and verticals of securities markets including Economics, Financial Statement Analysis, Corporate
Finance, Portfolio Management, Equity Valuation, Fixed Income Securities, and Derivatives & Risk Management,
Investment Banking, Mutual Funds, and Wealth Management, benchmarked with the best and contemporary texts.
The carefully crafted curriculum, along with application-based teaching pedagogy and industry internship, serves
as a strong foundation for further grooming and growth into various career paths in securities markets. PGDM (SM)
students are positioned to take up a wide range of roles and responsibilities, such as Analysts, Investment
Managers, Investment Bankers, Treasury Managers, Risk Managers, Compliance Officers, Financial Planners,
Wealth Managers, etc.

4
 For Whom?
Participants with a passion for securities markets, and willing to immerse themselves over two years for in-depth
knowledge and a long-term career in securities markets will find the PGDM (SM) programme as an ideal platform.
This programme is ideally suited for fresh graduates as well as experienced candidates.

The two year PGDM (SM) is an ideal platform for those with a passion for securities markets, aspiring for in-depth
knowledge and a long-term career in securities markets.

Graduates from various disciplines, such as Commerce & Accounting, Management, Economics, Law,
Mathematics, Statistics, Engineering, etc. will develop their analytical capabilities for the securities markets domain
together with practical insights.

5
What do I learn?
The PGDM (SM) programme is a unique blend of specialized securities markets inputs and managerial insights. The
key takeaways from the programme are:

• Structured and comprehensive insights into the equity, debt, currency and commodity markets, and their
derivatives markets, in a well-designed and rigorously delivered environment
• Insights from Finance, Accounting, Economics, Computing, Quantitative Methods and Law
• An enviable repertoire of knowledge, skills and applications in various segments of the securities markets leading
to various career pathways
• Development of analytical skills, critical thinking, problem solving and reporting, as is required of a contemporary
professional
• Learning to learn, which is the hallmark of a global professional. This in turn, could help the participant in adding
other nationally and internationally relevant professional certifications to his/her Resume, during the course of
PGDM (SM) or in the future, to remain current and contemporary.

6
 Where does PGDM(SM) lead to?
PGDM (SM) could lead the successful participants to the following careers pathways:
Ÿ Segments: Equity Markets, Debt Markets, Currency and Currency Derivative Markets, Commodity Derivative
Markets
Ÿ Research: Equities, Debt Markets, Currency Markets, Commodity Markets.
Ÿ Analytics: Credit Research & Ratings, Economic Research, Policy Research, Advanced Analytics and
Computing in Risk Management & Derivatives, Front-, Mid- and Back-Office Analytics, Legal Research &
Analysis, Mutual Fund Analytics, News and Media, Fintech
Ÿ Broking and Dealing: Equities, Equity Derivatives (F&O), Debt (G Sec, Corporate Bonds, Securitized Debt and
Structured Finance, Municipal Bonds), Syndicated Debt, Mutual Fund Distribution
Ÿ Advisory: Investment Advisor, Personal Financial Planner, Wealth Manager
Ÿ Corporate Advisory: Investment Banking, Insolvency Resolution and Restructuring, Valuation, Compliance,
Risk Management, Debenture Trusteeship and Custodianship.

The objective for designing a programme of the status of a Post Graduate Diploma is “To create the complete
securities market professional”. Since the field of securities markets represents the confluence of several related
areas, the post-graduate programme in securities markets rests on the following pillars:

1. Economics and Financial Economics 2. Accounting and Reporting

3. Quantitative Methods and Computing 4. Law and Compliance

Each of the above-mentioned fields is fully represented in the proposed programme, with a balance between
elegance and rigour. Based on SSE's prior experience, but also after infusion of fresh thinking, the architecture of
the PGDM (SM) has been conceived. Each course is benchmarked with the best-in-class textbook (recommended
text) to arrive at the chosen content.

7
Why NISM?
PGDM (SM) provides an opportunity to study in a pedigreed
institute, under a team of top academicians and practitioners, in a
world-class infrastructure, with easy access to Mumbai, the
financial capital of India.

• In his Union Budget speech in the Parliament on February 28,

2005, the Finance Minister mandated SEBI to establish NISM, for
fostering education and research in securities markets.
Securities markets play a vital role in transforming savings into
investment, so critical for a growing economy like India, with its
vast infrastructure and development needs.

• Over the years, the School for Securities Education (SSE) at NISM
has carved a niche for itself in both education and research.
NISM has conducted several training programmes for officers
from IRS, IAS, ICLS, CAG, SEBI, RBI etc. Our training
programmes have also benefitted the regulatory staff from
SAARC nations and the CLMV (Cambodia, Laos, Myanmar and
Vietnam) nations. Customized corporate training programmes
also feature regularly as part of our ongoing activities.

• With this rich experience in education and research over a

decade, the AICTE-recognized PGDM (SM) programme has
been carefully crafted to impart the complete set of knowledge
and skills in vital and emerging application areas, benchmarked
with the best in India and overseas. The curriculum has gone
through the Academic Council and Board of Governors of NISM
consisting of eminent personalities from industry and academia.
PGDM (SM) participants will not only gain insights into securities
markets and finance from Year-1 itself, but also fine-tune and
hone their knowledge and skill sets and emerge as complete
securities market professionals over the 2-year time frame.
PGDM (SM) also opens a window to several national and
international professional certifications that can be acquired
during or after the programme.

8
 • Our faculty members have written many research papers and have won laurels in various national and
international research conferences across the Globe.

• Our Library has a collection of around 10,000 books, apart from various periodicals. It has one of the richest
collections in the country on Economics, Finance, Securities Markets and Compliance. Subscription to electronic
journals through EBSCO is also available, for accessing scientific journals.

Our state-of-the-art Simulated Market Algorithm Laboratory (SMART) Lab is a focal point in our learning
environment. Participants are provided hands-on exposure to the live markets, at an introductory as well as
advanced level. This is supplemented by subscriptions to Bloomberg, CMIE Prowess, Morningstar Direct,
Morningstar Advisory Workstation and Business Line Campus Online, for learning enrichment. Internationally
benchmarked Case Studies, Book Reviews, Film Reviews, Mentoring & Counselling sessions, Field Visits, Seminars
& Conferences and Workshops, and a whole suite of activity based learning initiatives are all designed to make the
participants into well-rounded professionals.

The performance of students shall be subjected to continuous evaluation throughout a semester. Evaluations shall
be through Quizzes, Surprise Tests, Mid-Term Tests, End-Term Examinations, Class Participation, Presentations,
Submissions, Projects etc., as may be indicated by the faculty members in the Course Outlines. At the end of the
two-year program, participants shall be awarded with Grades, subject-wise as well as the CGPA. The PGDM (SM)
Diploma will be awarded to successful candidates at a Convocation ceremony.

With around more than 1500 alumni, a pool of professionals as visiting and guest faculty and round-the-year
interactions, placements are on a strong foundation. In the past years, companies from across the securities market
domain, with a wide range of job descriptions, visited the campus for recruiting students, indicating the strength of
our corporate relations. Our academic excellence is also embellished through some of our top alumni, who have
opted for further studies after a post-NISM stint in industry, in universities like Columbia, Illinois (Urbana
Champaign), Fordham, Wisconsin Madison, London School of Business, Berlin School of Law & Economics and
Tallinn University of Technology, to name a few. As a natural extension, many of our alumni have successfully
completed their CFA or FRM.

9
Programme Architecture
Summary of Credit Distribution across all Trimesters
The programme boasts globally benchmarked curriculum deliberated by a council of academicians and market
practitioners. Divided into six trimesters, the curriculum is designed to provide research-based inputs and industry
insights through a team of academicians and market experts.

Sr. No. Particulars No. of Credits for Credits for Total

classroom classroom self-learning Credits
subjects subjects engagements
First Year (2021-2022)
1 Trimester I 6 18 - 18

2 Trimester II 6 18 - 18

3 Trimester III 6 18 - 18

Summer Internship
Summer Internship 06 06

Second Year (2022-2023)

1 Trimester IV 5 15 - 18

2 Trimester V 5 15 - 18

3 Trimester VI 2 6 12 18

Total 30 90 18 108

10
 Programme Architecture
Detailed Program Architecture
First Year (2021-2022)
Subject Code Trimester - I Hours Credits
101 Economics for Securities Markets 30 3
102 Financial Reporting 30 3
103 Financial Institutions & Markets 30 3
104 Mathematics for Securities Markets 30 3
105 Statistics for Securities Markets 30 3
106 Excel Skills for Management 30 3

Subject Code Trimester - II Hours Credits

201 Financial Statements Analysis 30 3
202 Corporate Finance 30 3
203 Business Communication I 30 3
204 Corporate and Allied Laws 30 3
205 Smart Lab I 30 3
206 A Organisation Behaviour and Management 15 1.5
206 B Marketing of Financial Products & Services 15 1.5

Subject Code Trimester - III Hours Credits

301 Securities Analysis and Equity Valuation 30 3
302 Securities Market Laws and Regulations 30 3
303 Banking & Financial Services 30 3
304 Research Methods and Data Analytics 30 3
305 Derivatives & Risk Management I 30 3
306 A Business Communication II 15 1.5
306 B Mutual Funds 15 1.5

Summer Internship (Summer 2022)

Summer Internship 6

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Programme Architecture
Second Year (2022-2023)
Subject Code Trimester - IV Hours Credits
401 Fixed Income Securities 30 3
402 Derivatives & Risk Management II 30 3
403 Portfolio Management 30 3
404 Treasury Management 30 3
405 Forex Markets and International Finance 30 3

Subject Code Trimester - V Hours Credits

501 Corporate Restructuring and Valuation 30 3
502 Commodities Markets 30 3
503 Financial Planning & Wealth Management 30 3
504 Smart Lab II 30 3
505 A Financial Modelling 15 1.5
505 B Investment Banking 15 1.5

Subject Code Trimester- VI Hours Credits

601 Business Ethics and Corporate Governance 30 3
602 A Alternate Investment Funds 15 1.5
602 B Taxation for Securities Markets 15 1.5
603 Project Dissertation (Off Classroom) 6
604 Professional Certifications (Off Classroom) 6

Total Programme Credits 108

Note: The Program Architecture proposed above is subject to necessary revisions, if required, based on the
prevailing circumstances and the industry feedback. The Institute reserves the right to carry our necessary
changes, if any, in the Program Architecture in such cases.

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 Programme Architecture
Embedded NISM Certifications
STAGE I - Basic Certifications
1 NISM Series V A: Mutual Fund Distributors Certification Examination

2 NISM Series VII: Securities Operations and Risk Management Certification Examination

3 NISM Series X A: Investment Adviser (Level 1) Certification Examination

STAGE II - Advanced Certifications

4 NISM Series VIII: Equity Derivatives Certification Examination

5 NISM Series IX: Merchant Banking Certification Examination

6 NISM Series XV: Research Analyst Certification Examination

Important points:
• Students need to complete the mandatory certifications within the deadlines indicated by the Program office.
• For those students who successfully pass the certifications within the deadlines, the institute will reimburse the certification
fees to students. The reimbursement will be in form of adjustment against the future program fee installments.
• If any student fails in the certification attempt, no fee will be reimbursed for such attempt. Also, if the student appears for the
certification after the deadline, no fee will be reimbursed for that attempt as well.
• A student will earn 6 program credits (as part of Course '604 Professional Certifications') on successful completion of all six
mandatory certifications. Also, the evaluation and grading for Course '604 Professional Certifications' would be done on the
basis of a student's score and performance in all the mandatory certifications.
• Passing all six certification exams, identified above, is mandatory for students to participate in the Final Job placements at
campus. Also, passing all these six certifications is one of the mandatory requirements for the award of the PGDM (SM) degree.

Embedded Workshops

In addition to the courses and certifications listed above, the program will be continuously enriched further through focused
advanced workshops and sessions from industry speakers and alumni.

The workshops to be organized for the batch would be predominantly identified based on the recruiters' feedback, the industry
feedback, and the contemporary developments in the securities markets landscape. The following are some of the indicative
topics on which workshops would be organized for the batch:

a) Equities Research g) Algorithmic and High frequency trading

b) Credit Risk Analysis h) Quantitative applications in securities markets
c) Compliance function at MIIs and other intermediaries I) Data Science Applications in securities markets
d) Surveillance and Risk Management functions j) REITs, InVITs and Alternate Investments
e) Treasury Operations at Banks Other area(s), as needed, based on the industry feedback
f) Private banking and Wealth management and contemporary developments

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Admission Process
Eligibility Norms

Eligibility criteria For PGDM-SM

Educational Qualifications Valid Common Entrance Test Score

1. Passed Bachelor's Degree of minimum 3 years' The candidates are required to qualify in any one of the six
duration and obtained at least 50% marks (45% in all India Common Admission Tests. CAT, XAT, CMAT,
case of candidates belonging to reserved category) ATMA, MAT, GMAT or MH-CET (Management) in
Maharashtra.
2. Applicants in the last year of their bachelor's degree
program and awaiting their final results can also apply.
However, their admission will be considered as
provisional and is subject to they fulfilling the above
mentioned eligibility criteria within the specified
timeframe.

Note: Candidates whose competitive exam results are not officially announced can submit the application form.
However, candidate has to submit the competitive exam score to NISM Admission office once the results are
announced, until then the admission will be stated as provisional.

Selection Procedure
Selection shall be based on the educational qualifications of the candidate, competitive exam score and Personal Interview (PI)

How to apply?
Candidates are required to register themselves online on slims.nism.ac.in/
Step 1: New Registration: Upon successful registration, a User-ID and Password will be sent to registered email ID and mobile
number of the candidate.
Step 2: Fill the Application form and upload all relevant documents.
Step 3: Pay the application fee of Rs 1000/-*
* Refundable only in case the applicant is not shortlisted for the Online Interview process.

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 Fee Structure

Fee Structure of PGDM (SM) for Non-Residential Students

Particulars First Instalment Second Instalment Third Instalment Fourth Instalment

Tuition fee 1,25,000 1,20,000 1,25,000 1,20,000

Books, Study Material etc. 10,000 10,000 10,000 10,000

Exam fee 5,000 5,000 5,000 5,000

Library Deposit* 10,000 - - -

Alumni fund 2,000 - - -

Total 1,52,000 1,35,000 1,40,000 1,35,000

Due Date 15-June-21 01-Jan-22 15-June-22 01-Jan-23

Total 5,62,000
*Refundable

Fee Refund Policy

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 Point of time when notice of withdrawal of

Sr. No Aggregate fees admission is served to the Institute

Before commencement of the programme or June 30th

1. 100% less Rs.1,000/-
every year whichever is earlier

Less Rs. 10,000/- of full fee After June 30th every year and the vacant seat is filled
2.
including refundable deposits by another student from wait list.

After commencement of the programme or after June 30th

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

15
Hostel Facilities
Comfortable hostel accommodation separately for boys and girls in the campus. The hostels are well equipped with
all the modern amenities and are under the charge of caring and experienced Wardens.

a. Mess and Cafeteria: A spacious well lit and well ventilated cafeteria in the campus serves sumptuous and healthy
food to the students. The variety of dishes which are both healthy and tasty and are crafted by a team of
professional dieticians to ensure a well-balanced diet.

b. Diverse Sports Facilities: NISM has a world class sports complex and extensive sports facilities. NISM offers
ample opportunities to students for a regular work-out and lifestyle management by providing a host of excellent
sports facilities. It has facilities for games like cricket, basketball and volleyball as well as indoor games like
chess, carrom, table-tennis, badminton, etc. A Gymnasium and a swimming pool is also available for students to
enhance their fitness levels.

c. Medical Facilities to ensure students well-being: NISM provides medical facilities within the Campus. Ambulance
facility is also available in the Campus in case of any emergency.

d. Limited laundry facilities are available on payment basis at our campus

16
 Hostel fees

Hostel Fee
Particulars First Instalment Second Instalment Third Instalment Fourth Instalment

Hostel Charges 30,000 25,000 30,000 25,000

Hostel Deposit* 10,000 - - -

Food Charges 31,500 31,500 31,500 31,500

GST on Food 1,575 1,575 1,575 1,575

Total 73,075 58,075 63,075 58,075

Due Date 15-Jun-2021 01-Jan-2022 15-Jun-2022 01-Jan-2023

Total 2,52,300
*Refundable
# Twin Occupancy non AC accommodation

The students have an option to upgrade the accommodation in three different types subject to payment of incremental fee for
upgraded accommodation and subject to availability. The Annual Charges for the upgraded rooms is as under.

Hostel Fee Occupancy Charges (INR)

AC Twin 75,000

Non AC Single 75,000

AC Single 95,000

Educational Loan
NISM has been enlisted on Vidya Laxmi portal for helping students seeking loan from banks directly. Vidyalakshmi is
a centralized website for students seeking an education loan giving access to many banks schemes. This website,
allow the student to fill a common education loan application form, that students can use to apply to many banks
simultaneously. Visit the following link www.vidyalakshmi.co.in/Students/ to apply for education loan.

17
Merit Scholarships
and Tuition fee waivers
It is NISMs' endeavour to make education more affordable for students from all walks of life and ensure that every
deserving student gets an opportunity for quality education. Various categories of scholarships have been made
available and designed to cater to different students. Following merit based scholarships and tuition fee waiver
schemes are in place:
1. Merit Scholarship: Students who have secured 1st rank at the preceding degree (in an examination where at least
120 students have taken exam in the respective University/ Institute) are eligible for 50% of the tuition fee waiver
during the first year. Student shall secure at least 60% of marks along with 90% of attendance in each trimester of
first year in order to continue to be eligible for 50% tuition fee waiver for the entire programme.
2. Economically backward students: Economically backward students, with meritorious academic record are
eligible for 50% of tuition fee waiver in the first year, whose parent/guardian income is less than Rs. 4.00 lakh per
annum. A student shall secure at least 60% of marks along with 90% attendance in each trimester of first year in
order to continue to be eligible for such tuition fee waiver.
3. Students from local area: Students from Raigarh (MH) district securing admission in PGDM-SM program are
eligible for 30% of tuition fee waiver in the first year. Such students are not eligible for hostel accommodation.
Student shall secure at least 60% of marks along with 90% of attendance in each trimester of first year in order to
continue to be eligible for 50% tuition fee waiver for the entire program.
4. Best Performing Students: Students are eligible for 50% of tuition fee waiver for the second year for securing the
first and second position/rank in the first year.
5. Fee Waivers for students based on admission merit criteria: Students with 1st Class and above in graduation
level along with CAT / XAT / GMAT score of 75 percentile & above and other eligible test scores of 80 percentile &
above are eligible for tuition fee waiver up to 50% only in the first year of study.
6. SC/ST and Backward Class students: Students from the SC/ST and Backward class category are eligible for a 50%
tuition fee waiver in the first year, subject to the condition that they are selected through a competitive process in
terms of prescribed eligibility criteria for selection.
7. Children of employees of SEBI registered entities are eligible for 30% of tuition fee waiver in first year of study.
8. Children and Spouse of Staff /outsourced staff: Children and Spouse of Employees of SEBI/ NISM and support /
outsourced staff of NISM are eligible for 40% of tuition fee waiver in the first year. They should secure at least 60% of
marks along with 90% attendance in each trimester of the first year in order to continue to be eligible for such tuition fee
waiver.
NISM has been enlisted on Vidyalaxmi portal for helping students seeking loan from banks directly.

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 General Terms and Conditions for Scholarships and Fee Waivers-
a. In order to become eligible for tuition fee waiver, a student shall first secure admission to course through
competitive selection process as prescribed.

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

c. Eligible students shall make an application within one month from the date of commencement of the programme
attaching relevant documents as indicated under para (d) below. Students are not allowed to make multiple
applications and such applications forthwith rejected.

d. Application for scholarship / tuition fee waiver shall be submitted enclosing a) Rank Certificate issued by
University/Institution for merit scholarship, b)Economically Backward Certificate issued by an Officer not below
the rank of Tahasildar for Economically Backward category, c) residence certificate for local students issued by
Tahasildar for local category, d) proof of score and copy of final graduation certificate for merit students, e)
employees of SEBI, NISM and employees of SEBI registered entities shall make an application to the Registrar,
NISM for considering tuition fee waivers and f) SC/ST and Backward class students shall submit a caste
certificate issued by the Competent Authority authorised by the respective State or Central Govt. or UT
Governments as per prevailing norms laid own for the purpose.

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

f. All the Applicants and Students 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. The Committee shall submit its recommendations to the Director for
approval. If more applications received under any of the scheme, the Committee has right to reduce the % of
Scholarship/Waiver to accommodate more numbers students depending on the student's merit. In all the
matters relating to scholarship/tuition fee waiver, Director's decision shall be final. There is no provision for any
appeal under the scheme.

g. 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 institute has
right to take disciplinary action.

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Placements
NISM, established by SEBI, has strong connect with the industry enabling bright placement and career opportunities
for its students. The institute assists placement of the students by inviting banks, asset management companies,
advisory firms, broking houses and other securities markets intermediaries to participate in the campus placement
programme.

The programme blends theory and practice, thereby preparing the students to meet the industry expectations. The
programme is structured to be career-oriented with practical inputs through industry visits, trading simulation, live
projects, internships, etc. The faculty comprises of officials from the financial regulators, industry veterans, market
practitioners and academicians who have excelled the art of knowledge dissemination in the securities markets domain.

Past Recruiters
Broking | Banks | Investment Advisory Firms | Exchanges | Depositories
Mutual Funds | Information Technology

Best of the corporates are looking at NISM... Are you? & many more...

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 PGDM (SM)
Important Dates Post Graduate Diploma in
Management (Securities Markets)

PGDM(SM) - Phase I

S.No. Particulars Date

1. Start Date for Application February 01, 2021

2. Last Date for Application April 30, 2021

3. Date of commencement of admission interviews May 15, 2021

4. Declaration of 1st Merit List June 01, 2021

5. Declaration of 2nd Merit List June 07, 2021

6. Commencement of Program June 15, 2021

PGDM(SM) - Phase II

S.No. Particulars Date

1. Start Date for Application May 04, 2021

2. Last Date for Application May 31, 2021

3. Date of commencement of admission interviews June 07, 2021

4. Declaration of Merit List June 15, 2021 (tentative)

5. Commencement of Program July 01, 2021

21
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