Program Architecture

The program is divided into the following four modules.

1. FIRST TERM – Foundation

Course Code Course Title Teaching Hours
101 Securities Markets & Introduction to NISM simulation lab 45
102 Banking Basics 45
103 Economics for decision making 45
104 Corporate finance and securities markets 45
105 Quantitative Tools and Techniques 45
106 Financial Reporting and Analysis 45
Total Credits 270


2. SECOND TERM – Advance

Course Code Course Title Teaching Hours
201 Securities Operations and Market Infrastructure Institutions 45
202 Fixed Income Securities 45
203 Derivatives & Risk Management 45
204 Securities Analysis 45
205 Corporate & Allied Laws 45
206 Forex and Commodities Markets 45
Total Credits 270


3. THIRD TERM – Application

Course Code Course Title Teaching Hours
301 Securities Markets Regulations 45
302 Financial Modelling and Research report writing 45
303 Investment Management 45
304 FinTech & Analytics in Financial Markets 45
305 Treasury management and investment banking 45
306 Marketing of BFSI products 45
Total Teaching Hours/Credits 270

# For each teaching hour, students are required to put in minimum 2 additional learning hrs.

4. FOURTH TERM – Industry Projects

·  The Fourth term is Industry-project term that offers opportunities to the students of the program to deep dive into live market environment and work on various projects and functions with associated entities in the market.

·  Students will work under the mentorship of industry experts from MIIs, Banks, Securities Markets Firms, and Regulators etc. on projects.


NISM Certifications across the four terms:

Mandatory NISM Certifications
Sl. No. Name of the Certification Exam
1 NISM-Series-XII: Securities Markets Foundation   – First Term
2 NISM-Series-V-A: Mutual Fund Distributors – First Term
3 NISM-Series-XXII: Fixed Income Securities  – Second Term
4 NISM-Series-VII: Securities Operations and Risk Management – Second Term
5 NISM-Series-VIII: Equity Derivatives – Third Term


Optional NISM Certifications in Fourth term
Sl. No. Name of the Certification Exam
1 NISM-Series-I: Currency Derivatives
2 NISM Series-IX: Merchant Banking
3 NISM-Series-X-A: Investment Adviser (Level 1)
4 NISM-Series-XIII: Common Derivatives
5 NISM-Series-XV: Research Analyst
6 NISM-Series-XXI-A: Portfolio Management Services
7 NISM-Series-X-B: Investment Adviser (Level 2)
8 NISM-Series-XIX-A: Alternative Investment Funds (category I and II) Distributors
9 NISM-Series-XIX-A: Alternative Investment Funds (category III) Distributors
10 Any other NISM certification depending upon the requirements


Important points:

Students need to complete all the above mandatory certifications within the deadlines indicated by the Program Calendar. The examination fee for the aforementioned mandatory certifications will be borne by the individual candidates.

 Learning environment and 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 will be delivered through learner-centric approach using various pedagogical tools including case studies, hands on training on widely used data base and software’s like, Bloomberg, Prowess and others.

NISM, with its proximity to the policy-makers and the industry, draws upon the cream of academia and industry providing cutting-edge inputs in the securities markets domain.

Lectures and hands-on workshop sessions will be conducted by eminent faculty and industry leaders and experts. Students will gain the inputs and industry insights from a team of academicians, market experts and policy makers. There will also be regular interactions with practicing professionals.

The learning environment is further stimulated by industry interface, finance lab with modern technological infrastructure, state-of-the-art campus, extensive library and other recreation facilities. Book reviews, films related to Wall Street and experience sharing sessions with industry experts complement the learning process.

 Industry Interface

The institute organizes visits to exchanges, depositories and various market intermediaries providing exposure to industry paradigm. NISM also invites a number of practitioners from the industry for interaction with the participants to share their experiences. These platforms provide opportunities to the participants to develop keen insights to industry practices and nuances.

 Finance Lab

The one-of-its-kind trading simulation lab with streaming market data is a key highlight of the program. In addition students will be learning various subjects using databases such as Bloomberg, Prowess, etc. and application software such as MATLAB, SAS, R, WinRATS, E-Views, etc.

Extensive Library

The institute boasts one of the biggest specialized libraries for Finance, which holds a rich collection of over 10000 books on securities markets, domestic and international magazines, newspapers, journals, etc. Through Science-Direct, the library provides access to all leading academic journals in Finance, Economics, Business and Management.

State-of-the-art Campus

NISM’s campus at Patalganga spread over 70 acres of land on the scenic Mumbai-Pune Express-way has state-of-the-art infrastructure that creates an ideal environment conducive for contemplative learning. The eco-friendly campus is Wi-Fi enabled and features well equipped class-rooms, modern auditorium and a vast amphitheater. The campus also has impressive residential blocks with separate hostel facilities for male and female participants.

Recreation Facilities

The participants enjoy the luxury of modern recreation facilities like swimming pool, squash court, gymnasium with modern equipment, table tennis and badminton halls, yoga hall, cafeteria etc., The recreation blocks pose a refreshing environment offering a balance to the academic rigor of the program.


 Over a period of time, NISM has created a cadre of over 1500 securities markets professionals. The alumni of NISM is placed in various organizations including Market Infrastructure Institutions, analytic firms, rating agencies, stock brokers, Asset Management Companies, investment banks, Banks, wealth management firms etc.

Placement Facilitation

NISM’s close connect with the industry will act as an enabler to facilitate the placement of students. The institute assists placement of the participants by inviting reputed organizations in the investment and securities markets domain to the campus placement drive. The participants are groomed for performing challenging and exciting roles in the investment and securities markets. The alumni of various other programs offered by NISM have been inducted in the following organizations through the campus placement program:

Admission Process


• Post Graduate in any discipline from a recognized University.
• Graduate in any discipline with minimum 55% marks from a recognized university in India.


Selection Criteria

Selection to the Program will be through screening of applications based on Academic records including professional experience/ qualification, extra curriculum activities and prior experience. Shortlisted candidates will be called for an online interview. Candidates qualified in the online interviews will be offered admission.


How to apply?

Candidates willing to apply should first register themselves on

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.


Sponsored Candidates

Organization willing to sponsor candidates may approach us directly at The employers should furnish an undertaking to grant study leave to the employee for one year. Following government/ autonomous organization may also encourage their employees to purse the PGPISM program:

• Government Departments / Public Sector Undertakings
• Public Companies or Trusts registered with SEBI
• Banks / NBFCs recognized by RBI
• Insurance Companies / Intermediaries recognized by IRDA


Program Fee

The tuition fee for the PGPISM is Rs. 200,000/-. The break-up of the fees is as follows:

Fee Structure of PGPISM Program
Sr. No. Particulars First Instalment (Rs) Second Instalment (Rs) Total Fee (Rs)
A Tuition fee 1,00,000 1,00,000 2,00,000
B Library Resources, etc. 10,000 10,000  20,000
C Exam fee 10,000 10,000 20,000
D Alumni fund 2000 2000
E GST @ 18% 21600 21600 43200
F Library Deposit (Refundable) 10,000 10,000
G Hostel Deposit (Refundable) 10,000 10,000
H Accommodation (Non-AC & twin occupancy) 33,000 33,000 66,000
I 12% GST on Accommodation Charges 3,960 3,960 7,920
J Mess Charges 37,800 37,800 75,600
K 5% GST on Mess charges 1,890 1,890 3,780
  Total fees including Refundable deposits 2,40,250 2,18,250 4,58,500

(Residential charges will be collected for 12 months start from June 01, 2024. Students are allowed to occupy the hostels one day before the start of the program. Students have to vacate the hostel after two days from the date of last trimester examination.)


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 before the commencement date of the program. 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


Important Dates for AY 2024-25



Start Date for Application February 7th, 2024
Last Date for Application May 1st, 2024
Date of commencement of interviews Dates will be intimated separately
Commencement of Program June 03, 2024 (Monday)

For more information, visit

Admissions Counselling Desk- +91 – 8268002412


Frequently Asked Questions


  • Dr. Rachana Baid

    Professor, Dean (Academics) & HoD - School for Securities Education (SSE)
  • Dr. Latha Chari

    Professor & HOD- School for Securities Information and Research (SSIR)
  • Dr. Kirti Arekar

    Professor - School for Securities Education (SSE)
  • Dr. Jinesh Panchali

    Professor - School for Securities Education (SSE)
  • Dr. Dhiraj Jain

    Professor - School for Securities Education (SSE)
  • Dr. Venkatachalam Shunmugam

    Adjunct Professor
  • Dr. Rajesh Kumar

    Professor - School for Securities Education (SSE)
  • Dr. Kapil Shrimal

    Associate Professor – School for Securities Education (SSE)
  • Dr. Jatin Trivedi

    Associate Professor - School for Securities Education (SSE)
  • Mr. Yogesh Dudi

    Deputy General Manager, SEBI. Member of Faculty NISM
  • Mr. Shailesh Pingale

    Member of faculty - Incharge of Academic Compliance Cell (APU)
  • Dr. Mohd Meraj Inamdar

    Assistant Professor - School for Securities Information and Research (SSIR)
  • Dr. Shreyas Vyas

    Assistant Professor - School for Securities Education (SSE)
  • Mr. Suneel Sarswat

    Adjunct Faculty

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Helpdesk: +91 82680 02412

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(Helpdesk will remain close on public holidays).


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