May 23, 2023
NISM-Series-XXI-B: Portfolio Managers Certification Examination
Communiqué/Press Release
This is with reference to communiqué No. NISM/Certification/Series-XXI-B: Portfolio Managers (PM) Certification/2021/01 dated June 15, 2021 issued by the National Institute of Securities Markets. The associated persons functioning as principal officer of a Portfolio Manager or employee(s) of the Portfolio Manager having decision making authority related to fund management, shall obtain certification from the National Institute of Securities Markets by passing the NISM-Series-XXI-B: Portfolio Managers Certification Examination
The examination is being offered to the candidates since June 24, 2021. In order to incorporate market and regulatory changes, NISM has updated the NISM-Series-XXI-B Portfolio Managers Certification Examination. The revised NISM-Series-XXI-B: Portfolio Managers Certification Examination will be available to the candidates with effect from July 24, 2023.
The NISM-Series-XXI-B: Portfolio Managers Certification Examination with its current content (as per the existing test objective and workbook) will be available to the candidates till July 23, 2023 and will be replaced by the updated examination (as per the revised test objectives and workbook) from July 24, 2023.
Details of the updated examination can be downloaded from the website of NISM.
Details of the updated NISM-Series-XXI-B: Portfolio Managers Certification Examination are given in Annexure-I and Annexure-II of this communiqué/press release.
The text of these Annexure and the registration details are available at www.nism.ac.in.
–Sd—
Sunil Kadam
Registrar
National Institute of Securities Markets
Enclosures: Annexure I and Annexure II
SEBI Circular for NISM Series XXV-A: Persons Associated with Research Services (Sales and Other Non-Core Services) Certification Examination dated March 11, 2026
NISM/Certification/ NISM Series XXIII – Social Impact Assessors Certification eCPE Program /2026/01 dated March 02, 2026.
NISM/Certification/ NISM-Series-XXV-A: Persons Associated with Research Services (Sales and Other Non-Core Services) Certification Examination/2026/01 dated January 30, 2026.
NISM/Certification/AIF Managers CPE/2026/01 dated January 30, 2026
NISM/Certification/ NISM Series XV: Research Analyst Certification Examination/2025/dated December 05, 2025
© 2026 National Institute of Securities Markets (NISM). All rights reserved.
Default
Default