PGDM (SM)

Post Graduate Diploma in

An Educational Initiative of SEBI Management (Securities Markets)

AICTE Approved

Two-year, Full-time programme

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

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
Message from the Dean...................................................................................... 4

2 The PGDM (SM) Programme

About SSE............................................................................................................5
Post Graduate Diploma in Management (Securities Markets)- PGDM (SM).......... 5
For Whom?......................................................................................................... 6
What do I Learn?................................................................................................. 7
Where does PGDM (SM) lead to?......................................................................... 8
Why NISM?......................................................................................................... 9
Programme Architecture - Design and Curriculum.......................................... 11

3 Eligibility Criteria and Admission Procedure

Admission Process............................................................................................ 13
Hostel Facilities ............................................................................................... 16
Scholarships*................................................................................................... 17
General Terms and Conditions...........................................................................18
Placements....................................................................................................... 19
Important Dates................................................................................................ 20
 About the Institute
National Institute of Securities Markets (NISM) is an educational institution and a public trust established in
2006 by the Securities and Exchange Board of India (SEBI), the regulator of 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 professionals and participants in the securities markets. The Institute's six Schools of Excellence
work in synergy towards professionalizing the securities markets.

The six Schools of Excellence are:

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 various stakeholders in securities markets through professional
education, financial literacy, 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. Sanjay Nayar Public Policy (MSE&PP), University of Mumbai.
Chief Executive Officer, KKR India Advisors Pvt. Ltd.
Dr. Shekhar Shah
Mr. Sujit Prasad Director General, NCAER
Executive Director, SEBI
Mr. Anand Sinha
Mr. A Balasubramanian Former Deputy Governor, RBI
Managing Director and Chief Executive Officer,
Aditya Birla Sunlife AMC Ltd. Mr. Sujit Prasad
Executive Director, SEBI
Ms. Ashu Suyash
Managing Director & Chief Executive Officer, CRISIL Prof. Ashok Banerjee
Professor (Finance & Control), Faculty-in-charge,
The Financial Research and Trading Laboratory,
Secretary to the Board Director, IIM Calcutta Innovation Park, IIMCIP

Mr. Sunil Jayawant Kadam

Registrar, NISM Secretary to the Academic Council
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
center, 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 market of emerging economies.

Mr. S.K. Mohanty

Director, NISM

3
Message from
the Dean
Greetings from National Institute of Securities Markets
and a hearty congratulations on your decision to invest
two years in the Post Graduate Diploma in
Management (Securities Markets) Programme.

The AICTE-recognized PGDM (SM) is a carefully

crafted programme combining the best of concepts
and practice, for honing the knowledge and skill-sets
of aspiring market professionals to make them
industry-ready. A Post Graduate Diploma in
Management (Securities Markets) Programme.
participant will also be well-grounded on concepts which will stand him / her in good stead long after passing
through the portals of NISM.

Over the years, a number of developments like the Digital India, Financial Inclusion, the Insolvency and Bankruptcy
Code, etc., have made the role of securities markets professionals pivotal to the development of the country. The
PGDM (SM) is a two-year full-time programme across six trimester, designed to thoroughly immerse a participant
in all the conceptual building blocks such as Economics, Finance, Computing & Quantitative Methods and
Compliance. Rigorous in-class and off-classroom experience and exposure are tuned to make the participant
currency and contemporary to serve a range of roles from Broking and Dealing to Research and Analytics,
Compliance, Risk Management, Treasury and Investment Banking, to name a few.

NISM is well-known in the securities market fraternity. The PGDM (SM) programme, we trust, will also be
welcomed by the securities market fraternity with the same enthusiasm as our ongoing educational, training and
research initiatives. Come, learn from the best, in the salubrious New Campus at Patalganga, as Raigad District is
poised at the cusp of a boom in a re-energized industrial revolution in Maharashtra and India.

Prof. K. Sukumaran
Dean, SSE

4
 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.

The 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. To meet these
challenges, NISM has designed various academic programs, keeping in mind the requirements of the industry.

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 alumina.

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 applications 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.

5
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.

6
 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:

Ÿ Structured and comprehensive insights into the equity, debt, currency and commodity markets, and their
underlying derivative markets, in a well-designed and rigorously delivered environment
Ÿ Insights from Finance, Accounting, Economics, Computing, Quantitative Methods and Law
Ÿ An enviable repertoire of knowledge, skills and applications in various segments of the securities markets
leading to various career pathways
Ÿ Development of analytical skills, critical thinking, problem solving and reporting, as is required of a
contemporary professional
Ÿ 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.

7
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 complete
Securities Market Professionals”. Since the field of securities markets represents the confluence of several
related areas, the post-graduate programme in capital markets rests on the following pillars:

1. Economics and Financial Economics 2. Accounting and Reporting

3. Quantitative Methods and Computing 4. Law and Compliance

8
 Why NISM?
National Institute of Securities Markets, being established by the
regulator in pursuant of the mandate conferred upon it by the Union
Finance Minister, carries immense credibility and responsibility.
PGDM (SM) provides an opportunity to study in this prestigious
Institution, under a team of top academicians and practitioners, in a
world-class infrastructure, with easy access to Mumbai, the
financial capital of India.

Over the years, NISM has carved a niche for itself in education,
capacity building and research. NISM has imparted training to the
Officers of IAS, IRS, ICLS, CAG, SEBI, RBI and even to the regulatory
professionals from SAARC countries and the CLMV (Cambodia,
Laos, Myanmar and Vietnam) countries. Customized corporate
training programmes also feature regularly as part of the Institute's
ongoing activities. These training programmes have bought the
Institute closer to the financial regulators and the industry, thus
enabling it to understand the skill-set requirements. This has
contributed significantly in crafting a programme that would impart
the right kind of knowledge and skill-sets that meet the industry
expectations.

The curriculum of PGDM (SM) is globally benchmarked, with the

right mix of theory and practice. It has been scrutinized by the
Academic Council and the Board of Governors and is constantly
reviewed for relevance.

PGDM (SM) participants undertake a few of the most relevant NISM

Certification Examinations to enhance their employability in a
range of securities markets intermediaries. The Programme also
opens a window to several national and international professional
certifications that can be acquired during or after the programme.

9
The participants learn from industry experts and top-class academicians. The faculty members have written many
research papers and have won laurels in various national and international research conferences.

The Library has a collection of around 9,500 books, apart from various periodicals. It has one of the richest
collections of books, 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 is assessed on continuous evaluation process in each trimester. Evaluations shall be
based Quizzes, Surprise Tests, Mid-Term Tests, End-Term Examinations, Class Participation, Presentations,
Assignments, Projects etc., as may be indicated by the faculty members in the Course Outlines. At the end of the
two-year program, students 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 1000 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 with a wide range of job
descriptions, all from the securities market domain, 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.

10
 Programme Architecture-
Design and Curriculum
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.

Year 1
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 Business Communication I 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 Statistics for Securities Markets 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 Regulations 30 3
303 Banking & Financial Services 30 3
304 Mutual Funds 30 3
305 Research Methods and Data Analytics 30 3
306 Derivatives & Risk Management I 30 3

Summer Internship

11
 Year 2
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 Business Communication II 30 3
405 Financial Modelling 30 3
406 Investment Banking 30 3

Subject Code Trimester - V Hours Credits

501 Mergers and Acquisitions 30 3
502 Commodities Markets 30 3
503 Alternate Investment Funds 30 3
504 Taxation for Securities Markets 30 3
505 Financial Planning & Wealth Management 30 3
506 Smart Lab II 15 1.5

Subject Code Trimester- VI Hours Credits

601 Business Ethics and Corporate Governance 30 3
602 Forex Market and International Finance 30 3
603 Project Dissertation (Off Classroom) 6
604 Professional Certifications (Off Classroom) 6

Total Programme Credits 108

In addition to above, students shall have to complete following certification modules during their course
of study.

NISM Mandatory Certifications

NISM-Series-VA – Mutual NISM-Series-VII – Securities NISM-Series-XA – Investment

Fund Distributor Operations & Risk Management Advisor (Level 1)

NISM-Series-VIII – Equity NISM-Series-IX – Merchant NISM-Series-X – Research

Derivatives Banking Analyst
*The fee for NISM certifications is included in the programme fee.

12
 Admission Process
Eligibility
Academic Qualification

Applicant must possess a strong and consistent academic background. Performance in 10th grade, 12th grade and
every year of graduation are considered in the selection process.

Graduation
1. The bachelor's degree or equivalent qualification in any discipline (except Fine Arts) of minimum three years
duration after completing higher secondary schooling (10+2) or equivalent with at least 50% marks or
equivalent CGPA (for General Category) and at least 45% marks (for reserved category) from a university
recognized by UGC or equivalent.

2. Applicants in the last year of degree and those who have completed the degree but are awaiting their final results
of the bachelor's degree can also apply.

3. Applicants mentioned in points 2, if selected, have to provide the degree awarded by the university latest by
September 30, 2020 until which the registration will be considered as provisional. The registration to the
programme will stand cancelled if the applicant fails to submit the degree by September 30, 2020

4. If the applicants have undergone/completed an integrated master's degree or dual degree directly after their12th,
the percentage of marks obtained as per their institute/university norms, which is considered as equivalent

Appearance in Competitive Examinations

Candidates should successfully appear in any of the Common Admission Tests i.e. CAT, XAT, CMAT, ATMA, MAT,
GMAT or MH-CET (Management)

Selection Procedure
Ÿ It shall be based on the scores obtained in the common entrance test, weightage for educational qualifications,
work experience, GD and personal interview.

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: Application process: Thereafter, candidates are required to log in and complete the application process by
paying registration fee. After making the payment of application fee of Rs 1000/- the candidates are allowed to
submit their application.

13
Fee Structure

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-20 01-Jan-21 15-June-21 01-Jan-22

Total 5,62,000
*Refundable

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-June-20 01-Jan-21 15-June-21 01-Jan-22

Total 2,52,300
*Refundable

Note: Hostel accommodation can also be made available on single occupancy as well as with air-conditioning facility on chargeable
basis. However, if the number of students opting for Air-conditioning (A/C) facilities are less than desired number, NISM may
discontinue the A/C services and refund the proportionate charges.

14
 Fee Refund Policy
Institute will the refund fees collected after deducting an amount Rs. 1000/- as processing fee and return the
certificates to the students withdrawing from the institutions before the last date of admission for whatever the
reasons as per the procedure prescribed by various government guidelines. The last date for withdrawal of
admissions for the purpose of refund of fees shall be 30th June 2020.

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 30th June 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.

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.

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
badminton chess, carom, table-tennis 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. Wheel
chairs and other equipment are constant standby for any eventuality. Ambulance facility is also available in the
Campus in case of any emergency.

d. At campus limited laundry facilities are available on payment basis.

16
 Scholarships*
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. Several such scholarships, tuition fee waivers are
available and designed to cater to different students from various categories. In all, NISM has instituted 27 such
scholarships and tuition fee waivers amounting to approx. Rs. 29 lakhs. These schemes are listed as under:

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.

2. Economically backward students: Economically backward students, with meritorious academic record are eligible
for 50% of tuition fee waiver in the first term, whose parent/guardian income is less than Rs. 4.00 lakh per annum.

3. Students from local area: Students from Raigad (Maharashtra) district securing admission in long-term educational
programmes are eligible for 30% of tuition fee waiver. Hotel Accommodation is optional for these students.

4. 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 can be considered for tuition fee waiver up to 50% during first year of study.

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

6. Children of employees of SEBI registered intermediaries are eligible for 30% of tuition fee waiver during first year
of study.

7. Children and Spouse of SEBI and NISM employees are eligible for 40% fee waiver during first year of study.

8. Best Performing Students: Students undergoing two-year full-time programme are eligible for 50% of tuition
fee waiver for the second year for securing the first and second position/rank in the first year.

17
General Terms and Conditions
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 scholar ship/ 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 a 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 above schemes. 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/scholarships. 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/s, 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. Continuity for such waivers/scholarships remaining course of study: In order to continue to be eligible for
Scholarship/Tuition fee waiver for the second year or the rest of the programme, a student shall secure atleast 60%
marks and a minimum of 85% attendance in all trimesters.

h. NISM reserves right to verify correctness of the application made with the respective authorities and if 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.

18
 Placements
NISM, being established by the Securities and Exchange Board of India (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 compress 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...

19
 PGDM (SM)
Post Graduate Diploma in
Important Dates Management (Securities Markets)

Admission Activity Date/s

Start Date for Application December 15, 2019

Last Date for Application April 30, 2020

Date of commencement of interviews May 15, 2020

Declaration of 1st Merit List June 01, 2020

Declaration of 2nd Merit List June 07, 2020

Commencement of Programme June 15, 2020

20
NATIONAL INSTITUTE OF SECURITIES MARKETS
NISM CAMPUS
Plot No. IS 1 & IS 2, Patalganga Industrial Area, Mohopada, District Raigad,
Maharashtra - 410222.

NISM NAVI MUMBAI OFFICE

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

NISM CHENNAI OFFICE

756-L, Overseas Towers, Mount Road, Anna Saalai,
Chennai, Tamilnadu - 600 002.

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

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