About Post Graduate Program in Securities Markets (Portfolio Management / Investment Advisory / Research Analysis) 2024-25

 (Portfolio Management/ Investment Advisory/ Research Analysis) 2024-25

Post Graduate Program in the Securities Market (Portfolio Management/ Investment Advisory/ Research Analysis), or PGP (PM/IA/RA) 2024-25, is a 15-month weekend program. The relevant specializations of this program are recognized as eligible professional qualification for Portfolio Managers, Investment Advisers and Research Analysts, under SEBI (Portfolio Managers) Regulations, 2020, SEBI (Investment Advisers) Regulations, 2013 and SEBI (Research Analysts) Regulations, 2014 respectively.


 For Whom?

PGP (PM/IA/RA) 2024-25 is ideal for Individuals with a passion for securities markets and keenness to acquire in-depth understanding of securities markets with a special focus on one of three specialization areas viz., Portfolio Management, Investment Advisory, or Research Analysis. Being a week-end capacity-building program offered in hybrid mode, it is suitable for working professionals across the length and breadth of the globe.

This program is also useful for Individuals with an entrepreneurial bent of mind, who would like to start their own Portfolio Management, or Investment Advisory, or Research Analysis practice.

Employees of PMS, Investment Advisory and Research Analyst firms who would like to enhance their skills in their respective functional areas will find this program relevant for their knowledge requirements and skill enhancement

Employees of Mutual Funds (AMCs and Distributors), Merchant Bankers, Stock Broking firms, listed companies (employees who look after the treasury operations), Banks (employees who provide wealth and investment management services to the clients), etc. will also find this program very useful.

Individuals wanting to learn to manage their family investments will also benefit from this program

Pedagogical Approach

The pedagogy of this program will be practice oriented with an objective of bringing real-life perspectives alongside giving a robust conceptual foundation to the students.

The curriculum is designed in consultation with the industry to ensure that the curriculum is in-line with the current Industry practices and requirements.

The program covers the concepts, tools and techniques pertaining to both the foundational aspects of the securities markets as well as in their chosen specialization area: Portfolio management, Investment advisory, or Research Analysis.

Lectures and hands-on workshop sessions will be conducted by eminent faculty and industry leaders and experts. Students will gain the research-based inputs and industry insights from a team of academicians, market experts and policy makers.


Where does the PGP (PM/IA/RA) leads to?

PGP (PM/IA/RA) 2024-25 program offers three specializations to the students viz., Portfolio Management, Investment Advisory and Research Analysis. The program could lead the successful participants to the following career pathways:

Portfolio Management: Employment opportunities in Portfolio Management Services firms, PMS distributors, Asset Management Companies, Family Offices, etc. and also the scope to start own Portfolio Management Services for the aspiring entrepreneurs.

Investment Advisory: Employment opportunities in Investment Advisory firms, Retirement and Estate Planners, Banks, Family Offices, etc. and also the scope to start own Investment Advisory Services for the aspiring entrepreneurs.

Research Analysis: Employment opportunities as sell-side analysts (in Equity Research Firms, Stock Broking Firms, etc.), as buy-side analysts (in Asset Management Firms, Portfolio Management Services, Pension Fund Management Firms, Insurance Firms, Family Offices, etc.) and also the scope to start own Equity Research Services for the aspiring entrepreneurs

Design and Curriculum

The program is designed for a duration of 15 months split into 9 months towards foundation courses, 3 months towards specialization courses and 3 months for dissertation project in the field of specialization opted by the student. The program offers three specializations viz., Portfolio Management, Investment Advisory and Research Analysis.

Detailed Programme Architecture


Subject Code Subject Name Credits Hours
101 Overview of Securities Markets 3 30
102 Quantitative methods in Securities Markets 3 30
103 Financial Statement Analysis 3 30
 TOTAL 9 90


Subject Code Subject Name Credits Hours
201 Economics for Securities Markets 3 30
202 Financial theories and Behavioral Finance 3 30
203 Fixed Income Securities and Alternative Asset Classes 3 30
TOTAL 9 90


Subject Code Subject Name Credits Hours
301 Security Analysis and Valuation 3 30
302 Derivatives and Risk Management 3 30
303 A Regulatory Ecosystem of Securities Markets 3 30
TOTAL 9 90

Trimester-IV (For Portfolio Management Specialization)

Subject Code Subject Name Credits Hours
401(PM) Portfolio Management Strategies (Equity, Fixed Income and Alternative Investments) 3 30
402 A (PM) Quantitative tools and techniques in Portfolio Management 1.5 15
402 B (PM) Operational and Regulatory aspects specific to Portfolio Managers 1.5 15
403(PM) Strategic Asset Allocation and Portfolio Planning for Investors 3 30
TOTAL 9 90

Trimester-IV (For Investment Advisory Specialization)

Subject Code Subject Name Credits Hours
401(IA) Investment Management and Retirement Planning 3 30
402 A (IA) Personal Financial Planning: Operations and Investor Communications 1.5 15
402 B (IA) Operational and Regulatory aspects specific to Investment Advisors 1.5 15
403(IA) Personal Risk Management: Insurance Planning, Tax and Estate Planning 3 30
TOTAL 9 90

Trimester-IV(For Research Analysis Specialization)

Subject Code Subject Name Credits Hours
401(RA) Fundamental Analysis, Valuation, Operational and Regulatory aspects specific to Research Analysts 3 30
402(RA) Technical Analysis 3 30
403(RA) Financial Modelling and Research Report Writing 3 30
TOTAL 9 90


The performance of the participants is assessed on continuous evaluation process in each trimester. Performance is evaluated through quizzes, surprise test, end-term examinations, class participation, presentations, submissions, projects etc., as may be indicated by the faculty members in the course outline. At the end of the program, participants shall be awarded with grades, subject- wise as well as the CGPA.


Program Schedule

The program will be offered on weekends in hybrid model i.e., the classes will be held in physical class room located in NISM’s Bandra Kurla Complex (BKC) facility in Mumbai and will be delivered online simultaneously. *

Indicative class timings would be as follows:

Day Indicative Timings Teaching Hours
Saturday* 6:00 pm to 9:15 pm 3 hours (including break)
Sunday # 10:00 am to 5:oo pm 6 hours (including breaks)

*It is to be noted that a limited number of seats are available for the participants opting for classes in physical mode and it will be allocated on a first in first serve basis.

Sessions for Trimester-IV (Specialization) will be conducted online mode only.

Admission Process


Graduates from any discipline (completed with final degree certificates and mark sheet at the time of application) from a recognized University under 10+2+3 scheme are eligible to apply for this program.

Selection Criteria

Candidates will be selected based on their profile and their performance in the personal interview (online).

How to Apply?

Candidates willing to apply should first register themselves on https://apply.nism.ac.in/pgp

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 application fee. After making the payment of application fee of Rs. 500/- the candidates may submit their application.

Important Dates for AY 2024-25




Start Date for Application 6th January, 2024
Last Date for Application 28th March, 2024
Date of commencement of interviews Dates will be communicated separately
Declaration of 1st Merit List: 15th May, 2024
Commencement of Program: 1st June, 2024



  • Dr. Rachana Baid

    Professor, Dean (Academics) & HoD - Centre for Capacity Building-1
  • Dr. Latha Chari

    Professor & HOD- Centre for Capacity Building-2
  • Dr. Kirti Arekar

    Professor - Centre for Capacity Building
  • Dr. Jinesh Panchali

    Professor - Centre for Capacity Building
  • Dr. Mohd Meraj Inamdar

    Assistant Professor -Centre for Capacity Building-2
  • Mr. Kunj B Bansal

    General Manager - Centre for Capacity Building-4


* Senior Professionals and Subject matter Experts from the Securities Markets would also be taking sessions as and when required.

Download PGP (PM/IA/RA) 2024 Prospectus

Contact Us

Helpdesk: +91 82680 02412

Timings: Monday to Friday 9:30 AM till 5:30 PM

(Helpdesk will remain close on public holidays).

Email: pgpipr@nism.ac.in

Admission Closed