PGDM (SM)

Post Graduate Diploma in

An Educational Initiative of SEBI Management (Securities Markets)

Admission 2022-24

Two-year, Full-time programme

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

Scholarship
details
at
pages
17-18
 2013

Commemorative plaque 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
About SSE............................................................................................................4

2 The PGDM (SM) Programme

Post Graduate Diploma in Management (Securities Markets)- PGDM (SM).......... 4

For Whom?......................................................................................................... 5
What do I Learn?................................................................................................. 6
Who Do I Learn from?.......................................................................................... 6
How Do I learn?................................................................................................... 7
Where does PGDM (SM) lead to?......................................................................... 7
Why NISM?......................................................................................................... 8
Programme Architecture - Design and Curriculum..............................................10

3 Eligibility Criteria and Admission Procedure

Admission Process............................................................................................ 13
Hostel Facilities ................................................................................................ 15
Merit Scholarships and Tuition fee waivers ....................................................... 17
Placements....................................................................................................... 19
Important Dates................................................................................................ 20
 About the Institute
National Institute of Securities Markets (NISM), is an educational institution registered as a public trust. It is
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 educational, research and capacity building activities
at various levels aimed at enhancing quality standards and professionalization of the securities markets. The
institute's six schools of excellence work in synergy towards achieving these goals.

The institute has six schools of excellence viz.

• School for Securities Education (SSE)
• School for Certification of Intermediaries (SCI)
• School for Regulatory Studies and Supervision (SRSS)
• School for Investor Education and Financial Literacy (SIEFL)
• School for Corporate Governance (SCG)
• 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 professional education,
promoting financial literacy, enhancing governance standards and fostering policy research.

1
Board of Governors Academic Council
Chairperson Chairperson
Ms. Madhabi Puri Buch Prof. Abhay Pethe
Chairperson, SEBI Distinguished Fellow at ORF Mumbai and Visiting Senior
Fellow at the Mumbai School of Economics and Public
Policy (MSE&PP), University of Mumbai.
Members
Dr. CKG Nair Members
Director, NISM
Dr. CKG Nair
Mr. S.K. Mohanty Director, NISM
Whole Time Member, SEBI
Prof. Ashok Banerjee
Mr. Girraj Prasad Garg Professor (Finance & Control), Faculty-in-charge,
Executive Director, SEBI The Financial Research and Trading Laboratory,
Director, IIM Calcutta Innovation Park (IIMCIP)
Mr. Ajit Balakrishnan
Chairman and CEO of Rediff.com and Former Chairman Mr. Girraj Prasad Garg
of the Board of Governors of IIM Calcutta Executive Director, SEBI

Mr. A Balasubramanian Prof. Ananth Narayan

Managing Director and Chief Executive Officer, Associate Professor (Adjunct) Head of Public Policy at S P
Aditya Birla Sun life AMC Ltd. Jain Institute of Management and Research

Ms. Ashu Suyash Dr. Sanjay Bahl

Former Managing Director and CEO, CRISIL Director General, CERT-In

Mr. Ishaat Hussain Shri. Madan Sabnavis

Former Director, Tata Sons and Tata Steels Chief Economist, CARE Ratings Ltd.

Mr. Uday Chitale

Independent Director, ICICI Bank Ltd. Secretary to the Academic Council
Prof. H. Krishnamurthy Mr. Sunil Jayawant Kadam
Registrar, NISM
Chief Research Scientist (Retired), IISc

Secretary to the Board

Mr. Sunil Jayawant Kadam
Registrar, NISM

2
 Message from the Director
The Vision of NISM is to impart in-depth knowledge on the financial
sector, focusing on the securities markets, to a broad spectrum of
participants- both academic and professional- and to build a robust
pool of skilled manpower for the Market Infrastructure Institutions,
market intermediaries, financial service providers, and other entities
in the financial/securities markets. Being an educational initiative of
the market regulator SEBI, NISM is uniquely positioned to assimilate and
disseminate knowledge on financial markets and related subjects.

NISM, through its academic courses, corporate training

programmes, certifications, workshops and industry interactions,
has been redefining financial education and awareness over the last
15 years. It has created a bouquet of tailor-made academic
programmes to develop new age professionals to cater to the expanding needs and requirements of the markets.

The Post Graduate Diploma in Management (PGDM), specialized in Securities Markets (SM), is the flagship programme of NISM.
This programme has already equipped four batches of bright young people for leadership positions in the financial-corporate
sectors since 2017. This 2 year AICTE approved academic programme is rigorous, built on strong theoretical foundation and
backed by real-world examples and practical application. Students also get to interact and learn from business/ financial
sector leaders. A unique facility being provided by NISM to its students is a trading lab with live data from the exchanges.

This programme is designed to provide a mix of conceptual understanding and exposure to theory, practices and policies,
through the use of contemporary learner-centric pedagogies. The institute with its team of dedicated academic and
industry experts impart knowledge based on in-depth research, practice and constant interaction with the policymakers
and the industry at the senior levels.

In order to further sharpen the minds of our students and broaden their vision, NISM has initiated an ongoing leadership
lecture series wherein eminent experts [Regulatory leaders/Judges/Professionals/Academicians and CEOs are invited to
address the students and faculty on relevant contemporary issues. Mr. Rabi Sankar, Deputy Governor, RBI; Mr. Ajit
Balakrishnan, Chairman, Rediff; Justice BN Srikrishna, Former judge of Supreme Court; Justice/s Tarun Agarwala and
Madan Joshi, Presiding Officer and Judicial Member of the Securities Appellate Tribunal(SAT); and Prof. Richard Whish,
Emeritus Professor of law, Kings College, London delivered such lectures during November-December 2021. Many more
lectures are in the pipeline.

We have also revised the syllabus/content of the programme to include frontier areas such as the role of Fintech and ESG.
We will also offer frontier topics/programmes as additional voluntary electives with extra credits. Subject to progress in the
situation relating to the pandemic, we are also exploring possibilities of tying up short term attachments with universities of
repute abroad to provide international exposure as well to the PGDM students.

Located in an invigorating ambience at Patalganga, a short distance from Mumbai, NISM epitomizes a premier, modern age
institute spread over a 70 acre campus. It has all modern facilities for learning: well-furnished hostels, extra-curricular
activities, gym, open amphitheatre and sports, including a cricket ground.

I assure you that the PGDM(SM) Programme as well as life in the NISM campus will be rewarding and enriching. I take this
opportunity to welcome you to NISM.

Dr. CKG Nair

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, policy 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 the corporate/ financial/
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 the corporate world, financial and 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 financial/securities markets, aspiring for
in-depth knowledge and a long-term career in these and related areas.

Graduates from various disciplines, such as Commerce & Accounting, Management, Economics, Law,
Mathematics, Statistics, Engineering, etc. will develop their analytical capabilities, together with practical insights,
in this PGDM Programme, for taking leadership roles in the financial/securities markets domain.

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
derivative markets, in a well-designed and rigorously delivered environment

• Insights from Finance, Accounting, Economics, Computing, Quantitative Methods and Law
• Comprehensive coverage of the latest developments in FinTech
• Developments in ESG

• 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.

Who Do I Learn from?

The faculty pool at NISM comprises in-house faculty team of seasoned academicians, visiting faculty from leading
management institutions and universities and markets experts. NISM regularly engage with practitioners, creating
opportunities for its students to learn from their prospective recruiters. NISM has also initiated a leadership lecture
series wherein eminent market experts/Regulatory Chiefs/ Judges/and CEOs are invited to address the students
and faculty on relevant contemporary issues. This provides students of PGDM (SM) an opportunity to interact with
the best in various relevant fields.

6
 How Do I learn?
The course curriculum and teaching pedagogy for PGDM (SM) ensure sound theoretical understanding and practical
application of several areas of finance focussing on securities markets.

Faculty teach subjects through the case based teaching pedagogy. In addition to having its own case study centre,
NISM has subscribed to cases from Harvard Business Publishing. Case-based teaching method facilitates
experiential learning among the students. It facilitates application of knowledge; prepare students to come up with
solutions to real-world problems and challenges.

Students are regularly evaluated through class participation, quizzes, tests, assignments, group work, projects, etc.

Where does PGDM(SM) lead to?

PGDM (SM) can lead the successful participants to the following careers pathways. Some illustrative career
opportunities available for PGDM (SM) graduates are as under:
• Segments: Equity Markets, Debt Markets, Currency and Currency Derivative Markets, Commodity Derivative
Markets
• Market Infrastructure Institutions: A wide range of roles (Business Development, Operations, Compliance, Risk
Management, etc.) in Market Infrastructure Institutions including Stock Exchanges, Commodity Exchanges,
Clearing Corporations and Depositories
• Research and Analytics: Credit Research & Ratings, Economic Research, Policy Research, Analytics and
Computing in Risk Management & Derivatives
• Banking: Commercial banking, Treasury Operations, Treasury Management, etc.
• Advisory: Investment Advisor, Personal Financial Planner, Wealth Manager
• Mutual Funds: Business Development, Distribution, Operations, Compliance, Risk Management, etc. in the
Mutual Funds Industry

The objective for designing a programme of the status of a Post Graduate Diploma is “to create complete securities
market professionals”. 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, including financial economics 2. Finance

3. Accounting and Reporting 4. Quantitative Methods and Computing
5. Law and Compliance 6. FinTech

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 its rich experience in education and research, NISM has

carefully crafted the AICTE-recognized PGDM (SM) programme
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 the extensive curriculum, but also
fine-tune and hone their knowledge and skill sets and emerge
as complete financial/securities market professionals.

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

• 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 levels. This is supplemented by subscriptions to various journals and databases including Bloomberg.
Internationally benchmarked Case Studies, Field Visits, Seminars, Conferences, Workshops, Leadership Lectures
and a whole suite of activity based learning initiatives are all designed to make the participants into well-rounded
professionals.

• 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
Design and Curriculum
The programme has a 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.

First Year (2022-2023)

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 A Organisation Behaviour and Management 15 1.5
106 B Excel Skills for Management 15 1.5

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 Mutual Funds 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 Fintech in Financial Markets 30 3
305 Derivatives & Risk Management I 30 3
306 A Business Communication II 15 1.5
306 B Research Methods and Data Analytics 15 1.5

Summer Internship
Summer Internship 6

10
 Second Year (2023-2024)
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 Market Infrastructure Institutions 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 A Ethics and ESG Investing 15 1.5
601 B Forex Markets and International Finance 15 1.5
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.

11
 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 all the above mandatory certifications within the deadlines indicated by the Program
office.
• The examination fee for the aforementioned mandatory certifications is included in the program fee of PGDM (SM).
Students will get one examination attempt for each of the six mandatory exams, as part of the program fee.
However, in a rare case, if a student fails in the first attempt, then the student has to bear the examination fee of the
subsequent attempt(s).
• A student will earn 6 program credits (as part of Course '604 Professional Certifications') on successful completion
of all six mandatory certifications.

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 k) Other area(s), as needed, based on the industry feedback
f) Private banking and Wealth management and contemporary developments

12
 Admission Process
Eligibility Norms

Eligibility criteria For PGDM-SM

Educational Qualifications Valid Common Entrance Test Score

1. Applicant must possess a strong and consistent The candidates are required to qualify in anyone of the six
academic background. Performance in 10th grade, all India Common Admission Tests i.e. CAT, XAT, CMAT,
12th grade and every year of graduation are ATMA, MAT, GMAT or MH-CET (Management) in
considered in the selection process. Maharashtra.
2. Passed Bachelor's Degree of minimum 3 years' duration
and obtained at least 50% marks (45% in case of
candidates belonging to reserved category) in any
stream.
3. 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 fulfilling the above
mentioned eligibility criteria within the specified
timeframe.

Note: Candidates whose competitive exam results are not officially announced can also 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).

Provisional admission offered to selected candidates, who do not pay the fees on or before the stipulated date
would automatically stand cancelled.

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.

13
Fee Structure

Fee Structure of PGDM (SM) 2022-24

Particulars First Instalment Second Instalment Third Instalment Fourth Instalment

Tuition fee 1,38,000 1,30,000 1,30,000 1,30,000

Books, Study Material,

10,000 10,000 10,000 10,000
Library Resources, etc.

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

Alumni fund 2,000 - - -

Total Program fees (A) * 1,55,000 1,45,000 1,45,000 1,45,000

Library Deposit –
10,000 - - -
Refundable (B)

Total fees including 1,65,000 1,45,000 1,45,000 1,45,000

Refundable deposits (A+B)

Gross Total 6,00,000

Due Date 15-June-22 01-Jan-23 15-June-23 01-Jan-24

*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.

Point of time when notice of withdrawal

Sr. No Refund Amount
of admission is served to the Institute

The fee paid will be refunded after Before commencement of the programme or
1.
a flat deduction of Rs. 1,000/- September 13th, 2022 whichever is earlier

The fee paid will be refunded after After September 13th, 2022 and the vacant seat is filled by
2.
a flat deduction of Rs. 10,000/- another student from wait list.

The student will not be eligible for

any refund, except the refund of the After commencement of the programme or after
3.
refundable deposits included in the September 13th, 2022 and the seat remained vacant.
fees

14
 Hostel Facilities
Comfortable hostel accommodation, separate for boys and girls, is available 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, carom, 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 basic 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.

15
Hostel fees

Fee Structure for students opting for Hostel Accommodation

Particulars First Instalment Second Instalment Third Instalment Fourth Instalment

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

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

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

Total Hostel & Mess Fee (A) 63,075 58,075 63,075 58,075

Hostel Deposit -
10,000 - - -
Refundable (B)

Total fees including

Refundable deposits (A+B)
73,075 58,075 63,075 58,075

Due Date 15-Jun-2022 01-Jan-2023 15-Jun-2023 01-Jan-2024

# Twin Occupancy non AC accommodation

The hostel charges mentioned above are towards Twin Occupancy and 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 incremental charges to be paid by the students opting for the upgraded rooms is as under:

Room Type Occupancy Annual Incremental Charges (INR)

AC Twin 20,000

Non AC Single 20,000

AC Single 40,000

Note: If the number of students opting for Air-conditioning (A/C) facilities is less than desired number, NISM may discontinue the
A/C services and refund the proportionate incremental charges.

Note: It is compulsory to attend the program in residential mode only.

16
 Merit Scholarships,
Tuition fee waivers, and Loans
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:

S.No Name of the Scholarship Description

Students who have secured 1st rank at the preceding degree (in an examination where at
Merit least 120 students have taken exam in the respective University/ Institute) are eligible for
1 50% of the tuition fee waiver during the first year. Student shall secure at least 60% of
Scholarship
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.

Economically backward students, with meritorious academic record are eligible for 50%
Economically
of tuition fee waiver in the first year, whose parent/guardian income is less than Rs. 4.00
2 backward lakh per annum. A student shall secure at least 60% of marks along with 90% attendance
students in each trimester of first year in order to continue to be eligible for such tuition fee waiver.

Students from Raigarh (MH) district securing admission in PGDM-SM program are
Students from eligible for 30% of tuition fee waiver in the first year. Student shall secure at least 60% of
3
local area 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.

Best performing Students are eligible for 50% of tuition fee waiver for the second year for securing the first
4 position/rank in the first year.
Students

Fee waiver for

Students with 1st Class and above in graduation level along with CAT / XAT / GMAT score
Students based on
of 75 percentile & above and other eligible test scores of 80 percentile & above are
5 admission Merit eligible for tuition fee waiver up to 50% only in the first year of study.
criteria

Students from the SC/ST and Backward class category are eligible for a 50% tuition fee
SC/ST and backward
6 waiver in the first year, subject to the condition that they are selected through a competitive
class Students process in terms of prescribed eligibility criteria for selection.

Children of
7 employees of SEBI are eligible for 30% of tuition fee waiver in first year of study.
Registered entities

Children and Children and Spouse of Employees of SEBI/ NISM and support / outsourced staff of NISM
8 Spouse of SEBI 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
and NISM Staff
continue to be eligible for such tuition fee waiver.

NISM has been enlisted on Vidyalaxmi portal for helping students seeking loan from banks directly.
"Merely by submitting an application under any of the above schemes will not make a student eligible for award of scholarship/
tuition fee waiver. The number of scholarships available in each category are fixed and limited, if the number of applications are
higher than the number of scholarships available, the applications received shall be scrutinized by a Committee and only meritorious
students will be selected as per the number of scholarships available. The Committee shall submit its recommendations to the
Director for consideration and award of scholarship to the selected candidates under each category. In all the matters relating to
scholarship/tuition fee waiver, the Director's decision shall be final. There is no provision for any appeal under the scheme."

17
General Terms and Conditions for Scholarships and Fee Waivers
a. The students undergoing all full-time academic programmes of duration of one-year or more conducted by the
Institute are only eligible for seeking tuition fee waivers/scholarships. Students undergoing joint/collaborative/
sponsored programmes are not eligible for any of the scholarships, waivers etc. as these programmes are
offered based on mutual understanding between NISM and collaborating Institute/s.

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

c. 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.

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

e. 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.

f. 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.

g. 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. Only shortlisted candidates will be considering for award of scholarship. 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.

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 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. Banks, Stock Exchanges, Depositories, Mutual Funds,
Investment Advisory firms, Primary dealers, Investment Bankers, Broking houses and other securities markets
intermediaries have been participating and selecting students of NISM in the campus placement.

Many of the companies have offered multiple roles/profiles across their companies wherein students have been
recruited for designation like Treasury officer, Business Analyst, Financial Advisor, Operations Manager, Compliance
Officer, Risk Manager, Associate, Management Trainee etc. Students based on their performance in the interview,
past experience and past qualifications had received compensation packages. The weighted average of
compensation is around Rs. 7.8 lac per annum and Maximum of Rs 13.67 lakhs per annum.

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

& many more...

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)

S.No. Particulars Date

1. Start Date for Application January 15, 2022

2. Last Date for Application June 15, 2022

3. Date of commencement of interviews July 01, 2022

4. Commencement of Program August 01, 2022

20
NATIONAL INSTITUTE OF SECURITIES MARKETS
REGISTERED OFFICE
5th floor, NCL Cooperative Society,
Plot No. C-6, E-Block, Bandra Kurla Complex,
Bandra East, Mumbai, 400051

CAMPUS
Plot No. IS 1 & IS 2, Patalganga Industrial Area,
Mohopada, District Raigad,
Maharashtra - 410222.
https://bit.ly/34UOFty

BRANCH OFFICE Download NISM App

Plot No. 82,Sector-17, Vashi, Navi Mumbai - 400 703.

academics@nism.ac.in | +91-82680 02412 | www.nism.ac.in/pgdm

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