The LL.M. program in Investment and Securities Laws is an advanced program of legal study that is customized to the needs of the students and working legal professionals. Having committed to provide the highest quality of education in the field of securities markets, the NISM has entered into collaboration with India’s premier Law University, Maharashtra National Law University, Mumbai (Hereinafter referred as MNLU) for offering this LL.M. program in Investment and Securities Laws. This specialized LL.M. program, designed primarily for the law students intending to work in the financial markets, offers full-time, intensive academic training in the legal regulation of securities and investments in India.
In line with our mission for the academic excellence, the course offers depth of background in a broad array of topics arising out of the corporate law and securities regulation topics including the regulation of issuance of securities, secondary trading of securities, market regulation, enforcement issues, corporate finance, investment by a person resident outside India, investment advisers, derivatives, regulation of banking and financial institutions, competition law and insolvency laws. This course offers an introduction to the three most important securities laws: The Securities Contract Regulation Act of 1956, Securities Exchange Board of India Act of 1992 and the Depositories Act of 1996. The course also explores the scope of more than 39 regulations framed by SEBI and its impact on structured growth of securities markets in India. The course also focusses on learning the tools of documentation related to the securities market transactions, which would be helping in understanding the nature of disputes that arise in a financial market.
The program will be delivered by the expert faculty members drawn from both NISM and MNLU. The course will also engage some of the nation’s leading advocates in the field of corporate law and securities laws, as well as officers from various financial services regulators, whose work is oriented more toward practice and the profession, as visiting faculty. The Institute also invites from time to time professors of the foreign universities and financial market experts of other countries to take guest lectures.
Dedicated to enhancing an interdisciplinary legal and securities market education for the academic community, as well as for experienced legal and business practitioners related to financial markets, the course provides a scope to the sharpening of skills and learning the tools to be an effective business lawyer.
For Whom?Participants with a passion for securities markets, and willingness to immerse themselves over one year for in- depth knowledge will find the LLM program as an ideal platform to launch their long-term career in the corporate world, financial and securities markets. This program is suited for fresh graduates as well as experienced candidates.
The one year LLM is an ideal platform for those with a passion for financial/securities markets, aspiring for in-depth knowledge and a long-term career in these and related areas. Graduates from various disciplines, such as Commerce & Accounting, Management, Economics, Law, Mathematics, Statistics, Engineering, etc. will develop their analytical capabilities, together with practical insights, in this LLM Program, for taking leadership roles in the financial/securities markets domain.
Where does the LLM leads to?LLM can lead the successful participants to the following careers pathways:
The objective of NISM for designing a program of this kind is “to create a cadre of securities market professionals”.
| Paper | Paper Title | Credits | Marks |
| General Paper – 1 | Research Methods | 3 | 100 |
| General Paper – 2 | Law & Justice in a Globalized World | 3 | 100 |
| General Paper – 3 | Comparative Public Law and Governance | 3 | 100 |
| General Paper – 4 | An Overview of Securities Markets (Foundational topics along with SMART Lab) | 2 | 100 |
| Paper | Paper Title | Credits | Marks |
| Special – 1 | Company Law (Advance Concepts related to Legal setting of corporate Finance, Management and Governance) | 2 | 100 |
| Special – 2 | Securities Regulations – 1 | 2 | 100 |
| Special – 3 | Competition Law and Policy | 2 | 100 |
| Paper | Paper Title | Credits | Marks |
| Special – 4 | Banking and Insurance | 2 | 100 |
| Special – 5 | Investment Laws (Covering Securities Regulations-2) and Laws related to Foreign Investment (FEMA Act, 1999, Joint venture, Foreign Collaboration and others ) | 2 | 100 |
| Special – 6 | Law of Insolvency and Bankruptcy | 2 | 100 |
| Paper | Paper Title | Credits | Marks |
| Special – 7 | Dissertation | 5 | 100 |
| Special – 8 | Professional Certifications ( Four Certifications)* | 2 | 100 |
| Total number of credits | 30 | 1300 | |
* The students of LL.M. shall have to complete
the following certifications during their course of study, as these
certifications are part of the academic requirements of this program:
| SI No. | Name of the certification Exam |
| 1 | NISM-Series-VII: Securities Operations and Risk Management Certification Examination (to be completed during the 1st trimester) |
| 2 | NISM-Series-VI: Depository Operations Certification Examination (to be completed during the 1st trimester) |
| 3 | NISM-Series-V-B: Mutual Fund Foundation Certification Examination (to be completed during the 2nd trimester) |
| 4 | NISM-Series-VIII: Equity Derivatives Certification Examination (to be completed during the 2nd trimester) |
Students of LL.M. shall register and enrol for these certifications at their own cost and must submit the passing certificates before the specified timelines in order to fulfil their course completion requirements.
Our Past RecruitersPlacement 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:
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 CriteriaCandidates will be selected based on their Profile and their Performance in the Personal Interview (online).
How to apply?Candidates willing to apply should 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, the candidates are required to log-in and complete the application process by paying application fee. After making payment of application fee of Rupees Five Hundred (Rs. 500/-) * the candidates may submit their application.
*Application fee is exclusive of payment gateway charges,Processing fee,Transaction charges,applicable taxes etc.
Program FeeThe consolidated program fee for PGP (PM/IA/RA) 2025-26isRs3,36,348/-All inclusive. The break-up of the fees is as follows:
| Particulars | First Instalment (Rs) | Second Instalment (Rs) | Total Fee (Rs) |
|---|---|---|---|
| Tuition Fee | 1,35,000 | 1,28,000 | 2,63,000 |
| Exam Fee | 5,000 | 5,000 | 10,000 |
| GST @ 18% | 25,200 | 23,940 | 49,140 |
| Accommodation Charges* | 6,400 | – | 6,400 |
| Food Charges | 4,800 | – | 4,800 |
| GST on Accommodation Charges @12% | 768 | – | 768 |
| GST on Mess Charges @5% | 240 | – | 240 |
| Total Fee (Inclusive of GST) | 1,77,408 | 1,56,940 | 3,34,348 |
| Alumni Fund | 2,000 | – | 2,000 |
| Total Fee | 1,79,408 | 1,56,940 | 3,36,348 |
| Due Date | Within 7 calendar days from issue of admission letter | Before Nov 30, 2025 |
*Accommodation in single occupancy AC room.
Group Discounts10% discount on Tuition fee for group of 2 participants from the same organization.
15% discount on Tuition fee for group of 3 participants or more from the same organization. Group discounts will be adjusted in the second instalment fee payment.
Fee Refund PolicyEntire fee including the application charges are non-refundable.
Important Dates for AY 2025-26| Particulars | Date |
|---|---|
| Start Date for Application | February 01, 2025 |
| Last Date for Application | May 15, 2025 |
| Date of commencement of interviews | Dates will be communicated separately |
| Declaration of 1st Merit List | May 20, 2025 |
| Commencement of Program | July 05, 2025 |
The Management of NISM reserves the right to change, amend program structure, content, fees, delivery etc. as it deems fit.
Q1. What are the unique features of the LL.M. Program in Investment and Securities Laws by NISM & MNLU?
This specialized one-year LL.M. is jointly offered by NISM (an initiative of SEBI) and Maharashtra National Law University, Mumbai. It blends legal education with deep industry insights, offering hands-on exposure through simulation labs, case-based learning, and guest lectures by top advocates and regulators. The interdisciplinary curriculum is designed for those aiming to lead in the financial and legal sectors, with strong emphasis on securities laws, compliance, and regulatory frameworks.
Q2. What are the Academic Eligibility Criteria for the LL.M. program?
Applicants must hold an LL.B. or equivalent degree with at least 50% marks (45% for SC/ST). Candidates awaiting results may apply provisionally, but must meet eligibility criteria by the specified cut-off.
For industry-sponsored applicants: A minimum of three years’ work experience with regulators, financial institutions, legal firms, or market infrastructure bodies is also required.
Q3. Is this entrance examination separate from the CLAT examination conducted by NLU for admission to the regular LL.M. Program?
Yes, this program has a separate application and selection process, including an online entrance test and an online personal interview. CLAT scores are not considered.
Q4. Those who are in last year and waiting for final results, can they apply?
Yes, final-year LL.B. students or those awaiting results can apply. Admission will be provisional until final mark sheets are submitted and eligibility confirmed by the deadline.
Q5. Who should participate in the LL.M. Programme?
The program is ideal for LL.B. (3-year or 5-year) graduates, legal professionals, practicing advocates, and industry professionals aiming to specialize in securities and investment laws.
Q6. What is the syllabus of the entrance exam for the LL.M. Program?
The online test comprises questions from the following subjects:
Q7. Is the LL.M. degree recognized for higher studies and government jobs?
Yes. The degree is awarded by MNLU Mumbai, a recognized public university, and is valid for further studies and public sector employment.
Q8. Will there be separate classes for industry-sponsored candidates?
No. All students attend the same sessions. However, industry-sponsored candidates are not required to reside on campus.
Q9. What is the selection process for the LL.M. program?
Admission is based on an online test followed by an online personal interview. Final selection is determined by interview performance.
Q10. Is distance learning available for this LL.M. program?
No. This is a full-time, intensive residential program, designed for immersive learning.
Q11. Is there any upper age limit for the program?
No, there is no upper age limit for applying.
Q12. How can I apply?
Apply online at https://apply.nism.ac.in/llm.
Register, log in, complete the form, and pay the ₹1,000 application fee online.
Q13. What is the application form fee?
₹1,000, payable online via Debit/Credit Card or Net Banking.
Q14. What is the fee for the LL.M. program?
The total fee (including tuition, accommodation, and services) is detailed in the Prospectus. For Indian students, the approximate total is ₹4,07,266.
Q15. What are the options for financing my LL.M. education?
• Vidya Lakshmi Portal: Enables application to multiple banks via a single portal. Visit the following link to apply for education loan. www.vidyalakshmi.co.in/Students/
• SBI Education Loan: NISM provides support and reference letters for SBI loan processing.
Q16. Where Does LL.M. in Investment and Securities Laws lead to?
NISM, being an institution established by the Securities market regulator (SEBI), has better connect with the industry. This facilitates remarkable placement prospects for the participants of its academic programs. Further, MNLU, Mumbai has very good placement records of its students. Depending upon the interest of the candidates, the participants may get placement opportunities in the following fields.
Q17. What are the campus placement opportunities after completing this LL.M. course?
We provide placement assistance to the students and they are able to get good placements in the various Market Infrastructure institutions, Intermediaries, Banks, Financial institutions and other companies.
Some of the recruiters visiting our campus for the placements are as follows:
Being a leading institute of the securities market education in India, we are also connected with leading advocates and some of the top law firms in Mumbai. Some of them are part of our guiding team as mentioned in our prospectus. We take their help for the internships and placements.
Further, SEBI Guidelines mandate its registered intermediaries to have compliance officers. It provides a good opportunity for us to place our students with the intermediaries.
Due to the wide exposure of investment and securities laws related subjects in our LL.M. Course, the students will also have an edge while appearing in the entrance examination for legal position advertised by the various regulators, Banks and financial institutions.
Also, the Students will have the opportunity to sharpen their skills and practice in the specific field of Investment and Securities Laws. They can also start legal advisory services in the specialized fields of investment and securities laws.
Q18. May I visit the campus? If so, when?
Yes, campus visits are welcome from Monday to Friday, 9:30 AM – 5:30 PM. Please email llm@nism.ac.in to schedule your visit. Physical infrastructure of NISM Campus at Patalganga https://www.nism.ac.in/revamp-nism/life-campus/
Q19. What subjects are covered in the LL.M. program?
The curriculum includes:
The students of LL.M. shall have to complete the following certifications during their course of study, as these certifications are part of the academic requirements of this program.
Q20. Is the program eligible for government/trust scholarships?
No, this is a self-financed program.
Q21. What are the key dates for admission?
• Application Opens: April 12, 2025
• Deadline to Apply: June 2, 2025
• Entrance Test: June 13, 2025
• Interviews: June 24–30, 2025
• Program Start: August 1, 2025
You may contact the following persons for any specific query.
Admission helpdesk NISM: 08268002412
For Any academic query, you may also contact the following faculty members from NISM/MNLU, Mumbai.
Executive Summary
The NISM campus placement drive for the LLM (I&SL) program was held at the Patalganga Campus, with participation from more than 30 companies. A total of 47 eligible students engaged in the process and received offers for diverse roles. The placement cell successfully secured placements for all students who opted to participate.
| Salary Packages | CTC |
| Maximum | 11.59 LPA |
| Average | 6.33 LPA |
The salary package (CTC) comprises of fixed, variable and allowances offered by the company.
Major Recruiters
Call Us : +91-8080806476 
Timings : Mon – Fri 9:30 am till 5:30 pm (Helpdesk will remain closed on public holidays).
Email : certification@nism.ac.in © 2025 National Institute of Securities Markets (NISM). All rights reserved.
