NISM-Series-XXI-A: Portfolio Management Services (PMS) Distributors Certification Examination
Examination will be available from February 24, 2021.
NISM-Series-XXI-A: Portfolio Management Services (PMS) Distributors Certification Examination is a voluntary examination.
The examination seeks to create a common minimum knowledge benchmark for distributors of PMS. The certification aims to enhance the quality distribution and related support services in the PMS.
NISM has notified NISM-Series-XXI-A: Portfolio Management Services (PMS) Distributors Certification Examination vide NISM communiqué NISM/Certification/Series-XXI-A: PMS/2021/01 dated February 16, 2021.
On successful completion of the Portfolio Management Services (PMS) Distributors certification examination, the candidate should:
- Know the basics of investments, securities markets, investing in stocks, understanding fixed income securities, derivatives and mutual funds.
- Understand the role of portfolio managers, operational aspects of portfolio management services and about the portfolio management process, performance measurement and evaluation of portfolio managers.
- Get oriented to the taxation aspects and regulatory, governance and ethical aspects of portfolio managers and PMS distributors.
The examination consists of 80 multiple choice questions and 3 case-based questions. The assessment structure is as follows:
|Multiple Choice Questions [80 questions of 1 mark each]||80*1 = 80 marks|
|3 Case-based Questions [2 cases (each case with 5 questions of 1 mark each)] [1 case (with 5 questions of 2 marks each]|
2*5*1 = 10 marks 1*5*2= 10 marks
The examination should be completed in 2 hours. The passing score for the examination is 60 percent. There shall be negative marking of 25 percent of the marks assigned to a question.
+ Inclusive of Goods and Services Tax (GST). Payment Gateway Charges extra.
~ 80 multiple choice questions of 1 mark each, 2 caselets with 5 MCQs each of 1 mark each and 1 caselet with 5 MCQs of 2 marks each.
* Negative marking – 25% of the marks assigned to the question.
# Passing Certificate will be issued only to those candidates who have furnished/ updated their Income Tax Permanent Account Number (PAN) in their registration details.