FAQs: NISM-Series-XXI-B: Portfolio Managers Certification Examination

What is the NISM-Series-XXI-B: Portfolio Managers Certification Examination?

It is a mandatory certification exam aimed at creating a common knowledge benchmark for Principal Officers and other employees of Portfolio Management Services (PMS) firms. This certification enhances the quality of Portfolio Management Services by equipping professionals with a deep understanding of investments, portfolio management, taxation, and regulatory aspects.

Who is eligible for this exam?

This exam is ideal for:

Principal Officers of Portfolio Management Services firms.

Employees of PMS firms engaged in portfolio management activities.

Students or professionals interested in portfolio management.

What are the objectives of this certification?

Upon completing this certification, candidates will:

Understand investment basics, including securities markets, stocks, fixed-income securities, derivatives, and mutual funds.

Learn about modern portfolio theory, equity, and fixed-income portfolio strategies.

Gain insights into behavioral finance and information efficiency.

Understand taxation, regulatory, governance, and ethical aspects of portfolio management.

Learn to evaluate the performance of portfolio managers.

What is the structure of the examination?

Duration: 3 hours

Total Marks: 150

Passing Score: 60% (90 marks out of 150)

Negative Marking: 25% of the marks assigned to a question.

Breakdown of the Assessment:

90 Multiple Choice Questions (MCQs): 1 mark each (90 marks).

6 Case-Based Questions: Each case has 5 questions worth 2 marks each (60 marks).

How can I register for the exam?

You can register online at the official NISM Certification Portal:

NISM Certification Registration
After registration, select your test center, preferred date, and time slot.

What is the fee for the examination?

The fee for the NISM-Series-XXI-B: Portfolio Managers Certification Examination is ₹3,000 (inclusive of GST). Payment gateway charges may apply.

Will I receive study material?

Yes, candidates receive a free soft copy of the study material upon enrollment.
For physical copies, you can purchase the workbook from Taxmann Publications. Visit their Bookstore to order or contact your nearest Taxmann store.

Is there a mock test available?

Yes, you can practice using chapter-end questions from the study material or take a mock test by visiting the NISM Certification Portal. Mock tests help you familiarize yourself with the exam structure and question types.

What happens if I don’t pass? Can I request re-evaluation?

Re-evaluation of performance is not allowed, as the exam is assessed objectively using automated systems.
However, you may raise a query about specific questions on the spot (before leaving the test center). NISM will review and address your concerns as per their policy.

What is the validity of the certificate?

The certificate is valid for 3 years from the date of passing the exam.

Can I revalidate my certificate?

Yes, you can revalidate your certificate by completing a Continuing Professional Education (CPE) program within the 12 months preceding the certificate's expiry.

Is PAN (Permanent Account Number) mandatory for the certificate?

Yes, candidates must provide their PAN details during registration to receive the certificate.

Whom should I contact for issues with the certificate?

For certificate-related queries, contact NISM at:

certification@nism.ac.in

Why should I take this certification?

The NISM-Series-XXI-B certification is crucial for professionals in the PMS sector as it:

Demonstrates expertise in portfolio management.

Enhances credibility with clients and employers.

Ensures compliance with SEBI regulations for PMS employees.