Revised Launch of NISM-Series-XXI-A: PMS Distributors Certification Examination from January 24, 2024
The NISM-Series-XXI-A: Portfolio Management Services (PMS) Distributors Certification Examination is set to relaunch on January 24, 2024. This mandatory examination aims to establish a common minimum knowledge benchmark for distributors of PMS, enhancing the quality of distribution and support services within the industry.
Examination Overview
NISM has officially announced the NISM-Series-XXI-A: PMS Distributors Certification Examination through communiqué NISM/Certification/Series-XXI-A: PMS/2021/01 dated February 16, 2021. This certification is crucial for those involved in PMS distribution, ensuring they meet the high standards required for the role.
Examination Objectives
Successfully completing the Portfolio Management Services (PMS) Distributors certification examination will enable candidates to:
Understand Investment Basics: Gain knowledge about investments, securities markets, stock investing, fixed income securities, derivatives, and mutual funds.
Comprehend Portfolio Management: Learn about the role of portfolio managers, operational aspects of PMS, portfolio management processes, performance measurement, and evaluation.
Familiarize with Regulatory Aspects: Get oriented to taxation, regulatory frameworks, governance, and ethical considerations relevant to portfolio managers and PMS distributors.
Assessment Structure
The examination consists of 80 multiple choice questions (MCQs) and 3 case-based questions. The detailed assessment structure is as follows:
Multiple Choice Questions: 80 questions, each worth 1 mark (Total: 80 marks) Case-based Questions:
2 cases with 5 questions each, each question worth 1 mark (Total: 10 marks)
1 case with 5 questions, each question worth 2 marks (Total: 10 marks)
Candidates are required to complete the examination within 2 hours. To pass, a minimum score of 60% is required, with a negative marking of 25% for each incorrect answer.
Key Test Details
The examination includes 80 MCQs of 1 mark each, 2 caselets with 5 MCQs of 1 mark each, and 1 caselet with 5 MCQs of 2 marks each.
The passing certificate will be issued only to candidates who have updated their Income Tax Permanent Account Number (PAN) in their registration details.
Examination fees are inclusive of Goods and Services Tax (GST), with additional payment gateway charges
.
Conclusion
Preparing for the NISM-Series-XXI-A: Portfolio Management Services (PMS) Distributors Certification Examination requires a thorough understanding of investment basics, portfolio management, and regulatory aspects. This certification is essential for PMS distributors to meet industry standards and excel in their roles.
Stay tuned for more updates and preparation tips to help you succeed in your certification journey!
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