About Post Graduate Program (Portfolio Management / Investment Advisory / Research Analysis)
Post Graduate Program (Portfolio Management / Investment Advisory / Research Analysis), or PGP (PM/IA/RA), is a 15 month weekend program, hosted at NISM’s facility in Bandra Kurla Complex (BKC), Mumbai.
Recognized under SEBI ( Portfolio Managers) Regulations, 2020, SEBI (Investment Advisers) Regulations, 2013 and SEBI (Research Analysts) Regulations, 2014 as eligible qualification for Portfolio Managers, Investment Advisers and Research Analysts.
For Whom?
PGP (PM/IA/RA) 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 the specialization areas viz., Portfolio Management, Investment Advisory, or Research Analysis.
Being a week-end capacity-building program, it is suitable for working professionals.
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. These individuals with a Graduate degree and desirous to offer their own Portfolio Management, or Investment Advisory, or Research Analysis services may find this program suitable for their knowledge requirements and skill enhancement.
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.
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 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 and market experts.
Where does the PGP (PM/IA/RA) leads to?
PGP (PM/IA/RA) 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.
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 candidate. The program offers three specializations viz., Portfolio Management, Investment Advisory and Research Analysis.
Detailed Program Architecture
Trimester-I
| Subject Code | Subject Name | Credits | Hours |
| 101 | Quantitative methods in Securities Markets | 3 | 30 |
| 102 | Overview of Securities Markets | 3 | 30 |
| 103 | Financial Economics | 1.5 | 1.5 |
| 104 | Introduction to Financial Statements | 1.5 | 15 |
| TOTAL | 9 | 90 | |
Trimester-II
| Subject Code | Subject Name | Credits | Hours |
| 201 | Behavioral Finance and Investors’ Psychology | 1.5 | 15 |
| 202 | Financial Reporting and Analysis | 3 | 30 |
| 203 | Fixed Income Securities | 3 | 30 |
| 204 | SMART Lab – I | 1.5 | 15 |
| TOTAL | 9 | 90 | |
Trimester-III
| Subject Code | Subject Name | Credits | Hours |
| 301 | Derivatives and Risk Management | 3 | 30 |
| 302 | Ethical and Regulatory Requirements in Securities Markets | 1.5 | 15 |
| 303 | Security Analysis and Valuation | 3 | 30 |
| 304 | SMART Lab – II | 1.5 | 15 |
| 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(PM) | Operational and Regulatory Aspects Specific to Portfolio Managers | 3 | 30 |
| 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) | Personal Financial Planning including Retirement and Estate Planning | 3 | 30 |
| 402(IA) | Operational and Regulatory Aspects Specific to Investment Advisors | 3 | 30 |
| 403(IA) | Personal Risk Management and Insurance Planning | 3 | 30 |
| TOTAL | 9 | 90 | |
Trimester-IV(For Research Analysis Specialization)
| Subject Code | Subject Name | Credits | Hours |
| 401(RA) | Technical Analysis | 3 | 30 |
| 402(RA) | Fundamental Analysis (Economic, Sector and Company Analysis) | 3 | 30 |
| 403(RA) | Equity Valuation Modelling and Equity Research Report Writing | 3 | 30 |
| TOTAL | 9 | 90 | |
Dissertation
| Subject Code | Subject Name | Credits |
| 501 | Dissertation in the Area of Specialization | 9 |
The performance of participants is assessed on continuous evaluation process in each trimester. Evaluation is through quizzes, surprise tests, mid-term tests, 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
In the academic year 2021-22, the program will be offered on weekends (for three weekends every month) 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 |
| Sunday # | 10:00 am to 5:00 pm | 6 hours |
* Due to the prevailing Covid-19 pandemic situation, initially the classes will be conducted only in the online mode. The physical classes will be available after the Covid-19 situation improves.
Program Fee
The consolidated program fee for PGP (PM/IA/RA) is Rs 2,62,000 + 18% GST. The break-up of the fees is as follows:
| Particulars |
First Instalment (Rs) |
Second Instalment (Rs) |
Total Fee (Rs) |
|---|---|---|---|
| Tuition fee |
1,25,000 |
1,25,000 |
2,50,000 |
| Exam fee |
5,000 |
5,000 |
10,000 |
| Alumni fund |
2,000 |
– |
2,000 |
| Total Fee |
1,32,000 (plus GST) |
1,30,000 (plus GST) |
2,62,000 (plus GST) |
| Due Date |
Within 7 calendar days from issue of admission letter |
Before 01-Jan-2022 |
|
Group Discounts:
10% discount on Tuition Fee for groups of 2 participants from the same organization
15% discount on Tuition Fee for groups of 3 participants or more from the same organization.
Group discounts will be adjusted in the second installment fee payment.
Fee Refund Policy
If any applicant requests to withdraw his/her admission, the Institute will refund the collected fees after deducting Rs. 10,000/- towards processing fees, provided such withdrawal request is made before the commencement of the program. The last date for withdrawal of admissions for the purpose of refund of fees is 2nd May 2021. There will be no refund of fee, after the commencement of the program.
| Percentage of Refund of Aggregate fees | Point of time when notice of withdrawal of admission is served to the Institute |
|---|---|
| 100% less Rs.10,000/- | Before commencement of the program |
| 0% | After commencement of the program |
Admission Process
Eligibility
Graduates from any discipline from a recognized University under 10+2+3 stream 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 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 application fee. After making the payment of application fee of Rs. 500/- the candidates may submit their application.
Important Dates
| Last Date of Submitting Application | 10th April 2021 |
| Online Interviews | Starting from 1st April 2021 |
| Commencement of Program | 2nd May 2021 |
Helpdesk: +91 82680 02412
Email: pgpipr@nism.ac.in