Prospectus 2017-18

PGPSM is a one-year
Post Graduate Programme with
specialization in securities markets

Most B-School students choose

a specialization in their second year.

At NISM you would be a specialist

in securities markets by then.

New NISM Campus at

Patalganga

NATIONAL INSTITUTE OF
SECURITIES MARKETS
National Institute of Securities Markets (NISM) is an
educational institution and a public trust established in
2006 by the Securities and Exchange Board of India (SEBI),
the regulator of the securities markets in India. The institute
carries out a wide range of capacity building activities at
various levels aimed at enhancing the quality standards of
and increase the participation in the securities markets.
The institute's six schools of excellence and the National
Center for Financial Education work in synergy towards
professionalized securities markets.
NISM's Six Schools of Excellence:
School for Certification of Intermediaries (SCI)
School for Corporate Governance (SCG)
School for Investor Education and Financial Literacy
(SIEFL)
School for Regulatory Studies and Supervision (SRSS)
School for Corporate Governance (SCG)
School for Securities Education (SSE)
The National Strategy of Financial Education is being
incubated at NISM through the 'National Centre for
Financial Education' (NCFE)

Vision
To lead, catalyze and deliver educational initiatives to
enhance the quality of securities markets

Mission
To engage in capacity building among the stakeholders in
securities markets through financial literacy, professional
education, enhancing governance standards and fostering
policy research

BACKGROUND OF NISM
The Honorable Union Finance Minister, in his budget speech of February 2005, authorized the Securities and
Exchange Board of India (SEBI) to set up an institute for teaching, training and promoting research in the securities
markets. In pursuance, SEBI established the National Institute of Securities Markets (NISM) as a public trust under
the Bombay Public Trusts Act, 1950.
National Institute of Securities Markets enhances the market quality through educational and research initiatives that
support and enable an entire gamut of high quality knowledgeable services in the securities industry. The need for
securities education and research is constantly growing in the country, partly because of the expanding securities
industry and partly because of the regulatory efforts to create benchmark in competency levels for securities industry
professionals. The institute offers a range of academic programmes, certification programmes, training and capacity
building programmes and management development programmes to address this growing need. The institute also
offers basic financial literacy programmes benefitting a wide spectrum of people from all walks of life. Being
established by the regulator, NISM stands as an apex institute in securities markets in the country serving not only the
securities markets in India but also assuming a pan Afro-Asian purpose.

Board of Governors
As on September 01, 2016
Mr. U. K. Sinha
Chairman, Securities and Exchange Board of India
(Chairman, Board of Governors)

Dr. Bimal Jalan

Former Governor, Reserve Bank of India
(Chairman, Academic Council)

Mr. S Raman
Whole Time Member, SEBI

Mr. Cyril Shroff

Managing Partner
Cyril Amarchand Mangaldas

Ms. Chanda Kochhar

Managing Director & Chief Executive Officer
ICICI Bank

Prof. Samir Barua

Former Director, IIM, Ahmedabad

Mr. Praveen Garg

Joint Secretary (Financial Markets),
Department of Economic Affairs, Ministry of Finance (GOI)

Dr. Shekhar Shah

Director-General
National Council of Applied Economic Research

Prof. Ashish Nanda

Director, IIM, Ahmedabad

Prof. Devang V Khakhar

Director
Indian Institute of Technology, Mumbai

Mr. Rajeev Kumar Agarwal

Whole Time Member, SEBI
Mr. Uday Kotak
Vice Chairman & Managing Director
Kotak Mahindra Bank Ltd.
Mr. Y. M. Deosthalee
Chairman and Managing Director
L&T Finance Holdings Ltd.
Mr. Sanjay Nayar
Chief Executive Officer,
KKR India Advisors Pvt. Ltd.
Mr. Sandip Ghose
Director, NISM

Mr. N. R. Prabhala
Chief Mentor and Head of Research
Centre for Advanced Financial Research and Learning
Prof. Viral V Acharya
C.V. Starr Professor of Economics
New York University-Stern School of Business
Mr. Sandip Ghose
Director
National Institute of Securities Markets
Mr. G P Garg
Registrar, National Institute of Securities Markets
Secretary to the Board and Academic Council

SCHOOL FOR SECURITIES EDUCATION (SSE)

Increasingly large, complex, dynamic and challenging scenario of capital markets demand wide repertoire of knowledge
and skill-sets from the market professionals to meet enhanced expectations of various stakeholders. This demand is
spurred by the growing economy and the expanding markets.
The School for Securities Education (SSE) offers a bouquet of uniquely positioned academic programmes that prepares
new age market professionals with well-rounded and holistic understanding of the markets and equips existing
professionals with expertise in various functional domains like treasury, compliance, etc.
Bouquet of programmes offered by the School for Securities Education:
Post Graduate Diploma in Quantitative Finance (PGDQF)
Post Graduate Programme in Securities Markets (PGPSM)
Certificate in Securities Law (CSL)
Certificate in Treasury Management (CTM)
Post Graduate Programme in Financial Engineering and Risk Management (PGPFERM)
Post Graduate Certificate in Data Science (PGCDS)
The School with its team of dedicated academicians and industry experts imparts knowledge based on in-depth research
and constant interaction with the policy makers in the industry at the highest level. The School has perfected the design
and delivery of globally benchmarked curriculum, as evident from the sterling on-the-job performance of the alumina.

I propose to authorize the Securities and Exchange Board of India (SEBI) to

set up a National Institute of Securities Markets for teaching and training
intermediaries in the securities market and promoting research.

- Hon'ble Union Finance Minister

Budget speech 2005-06

I am happy that SEBI has over the years nurtured and supported under its
auspices the National Institute of Securities Markets to promote securities
market education and research.

- Hon'ble Prime Minister

Silver Jubilee Function of SEBI

I find no institution that provides a diploma or a degree to a person

wanting to pursue a career in the securities markets or caters to the need for
continuing education in the securities markets. So, SEBI envisaged and
established NISM which will not only offer academic programs to new entrants
but also continuing education to the market participants.

- Hon'ble Chairman SEBI

Financial Markets Conclave 2015

01

NISM was presented with the B-School Leadership

Award for Excellence in education, leadership and
training, at the World Education Congress held
at Mumbai on June 29, 2012.

CONTENTS
Post Graduate Programme in Securities Markets (PGPSM)
About PGPSM
Suitable Candidates
Programme Highlights

01
01
01
01

Programme Architecture
Programmer Design & Curriculum
Credits
Performance & Evaluation Criteria
Awards

02
02
03
03
03

Learning Environment
Industry Interface
Finance Lab
Extensive Library
State-of-the-art Campus
Recreation Facilities

04
04
04
04
04
04

Placement Facilitation

05

Academic Team
Full-time
Visiting Faculty

06
06
09

Alumni
Testimonials

10
10

Admission 2016-17
Eligibility Criteria
Stage I - Online Application
Stage II - Essay Writing and Personal Interview
Selection Procedure
Sponsored Candidates
Fees and Deposits
Educational Loan

11
11
11
11
12
12
12
12

Important Dates

13

Photo Gallery

14

POST GRADUATE PROGRAMME IN SECURITIES MARKETS (PGPSM)

Estimates indicate that more than 35 lakh individuals are
engaged in various segments of the securities markets and
the demand for skilled and competent professionals is
constantly growing every year. The Post Graduate
Programme in Securities Markets (PGPSM) prepares next
generation securities markets professionals with holistic
understanding of the markets and essential skills-sets to
become Fund Managers, Financial Advisors, Investment
Bankers, Analysts, Dealers, Institutional Sales Persons,
Product Designers, Operations Managers, Risk
Management Officers and Compliance Officers in the
securities markets.
This one-year full-time post graduate programme is a
unique opportunity for career aspirants in the securities
markets to obtain in-depth understanding, both theoretical
and practical, from an institute established by the
securities markets regulator. The programme is residential
to support the academic rigor and encourage peer learning
through a myriad of group activities. On completion of
PGPSM, the participants would have developed capability
to design solutions that meet specific requirements in the
securities markets.

Suitable Candidates
The programme is suitable for:
Fresh graduates and post-graduates aspiring for careers
in securities markets
Working professionals seeking career switches related
to securities markets

01

Programme Highlights
-

One-year fast-track residential programme consisting

of four terms
Academic Council and Faculty Team constituted by
top academicians, industry veterans and market
practitioners
Globally benchmarked Curriculum, updated regularly
Policy-research based inputs from top-class
academicians
Proximity to the industry and policy makers
Inputs on market regulation from the officers of SEBI
Modern technology - trading simulation with
streaming market data, databases like Bloomberg,
Prowess, etc.
Multiple pedagogy - simulations, internships, live
projects, cases, book-film reviews, conferences,
workshops
State-of-the-art infrastructure conducive to
contemplative learning

Most B-School students choose

a specialization in their second year.
At NISM you would be a specialist
in securities markets by then.

PROGRAMME ARCHITECTURE
Divided into four terms - conceptual, application, advanced application and industry interaction, the programme is
a balanced blend of theory and practice.

Programme Design and Curriculum

The programme boasts globally benchmarked curriculum deliberated by a council of academicians and market
practitioners. The curriculum is designed to provide research-based inputs and industry insights and is delivered through
multiple pedagogies simulations, case-studies, live projects, etc.
Term I
Conceptual Phase

Term II
Application Phase

Term III
Advanced Application Phase

Term IV
Industry Interaction Phase

Economics

Fixed Income Securities

Global Financial Markets

Internship

Mathematics for
Securities Markets

Securities Analysis &

Valuation

Regulation - Theory &

Practice

Project Dissertation

Statistics for
Securities Markets

Econometrics & Time

Series Analysis

Mergers, Acquisitions &

Corporate Restructuring

Seminars

Financial Accounting &

Reporting

Portfolio Management

Financial Modelling &

Computing

Financial Institutions &

Markets

Derivatives & Risk

Management

Corporate Governance

Corporate Laws

Mutual Funds

Behavioural Finance

Organization &
Management

Taxation in Securities
Markets

(NISM reserves the right to add, modify, merge or delete any of the above mentioned courses for the over-all benefit of the
programme and to keep it contemporary)

In addition, the participants gain exposure through several workshops on contemporary topics such as IFRS, XBRL,
Market Microstructure, Behavioral Finance, etc. The programme also provides industry interface through visits to stock
exchanges, depositories and various market intermediaries.

02

Credits
In the first three terms, the participants are expected to complete 20 courses of 1 credit each. The duration of each course
is approximately 30 hours.
In the last term, the participants are required to undertake a project with an organization in the securities industry, where
they are placed as executives / interns. The project dissertation which carries 2 credits is to be submitted before May 31,
2017, the concluding day of Term IV.
The participants may commence their career on or after April 01, 2017.
Performance and Evaluation Criteria
PGPSM is a rigorous post-graduation programme pegged at global standards. On successful completion,
the participants would be awarded with the certificate: Post Graduate Programme in Securities Markets. The certificate
will be awarded on the basis of the participants' performance in the following components:
Pre-class reading and preparation
Class participation
Quizzes
Term papers / projects / assignments
Mid-term and end-term examinations
Any other component of evaluation that the institute may prescribe from time to time
The participants are expected to obtain the minimum passing grade of 50% in each of the courses.
Awards
The best performing participant in the batch will be awarded the State Bank Best Student Award, comprising of a Gold
Medal and a cash prize of Rs. 1 lakh.

03

LEARNING ENVIRONMENT
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.
A wide range of pedagogical approaches is deployed
case-studies, role-plays, group discussions, trading
simulations, etc. 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. Under the
Leadership Series, senior executives from top
organizations and SEBI share their experiences.

Finance Lab
The trading simulation lab with streaming market data is a
key highlight of the programme. The one-of-its-kind
finance lab provides access to the participants to
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 8500
books on securities markets, domestic and international
magazines, newspapers, journals, etc. The 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 new 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 to contemplative learning. The
eco-friendly campus is Wi-Fi enabled and features wellequipped class-rooms, modern auditorium and a vast
amphitheatre. 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 equipments, table tennis and badminton
halls, yoga hall, cafeteria and more. The recreation blocks
pose a refreshing environment offering a balance to the
academic rigor of the programme.

04

PLACEMENT FACILITATION
NISM's close connect with the industry has enabled impressive placements of the PGPSM batches. The institute assists
placement of the participants by inviting banks and reputed organizations in the finance and securities markets domain to
the campus placement drive. The participants are groomed for performing challenging and exciting roles in the securities
markets and keenly welcomed by the industry.
The alumni have been inducted in the following organizations through the campus placement programme:

- Nosheen Khan
VP Marketing Markit, London

05

impressed with the caliber of candidates.

We are very
We are quite keen to continue the relationship

ACADEMIC TEAM
The academic team consists of faculty members with
profound experience in academics and industry. The
Director, Mr. Sandip Ghose, received the Leadership
Excellence Award in HR at the World Education Congress
at Bengaluru in 2013. The Dean, Mr. Sunder Ram Korivi,
received the best faculty award from the higher education
forum in 2013. The faculty members have written over 25
papers at several International Conferences, with most of
them published in International peer-reviewed journals.
They have won several awards and accolades for their
research papers.

Full-time Faculty
Prof. Sunder Ram Korivi
Dean - School for Securities Education
Prof. Sunder Ram Korivi is an MA (Economics & Political
Science) and PhD (Business Policy & Administration) from
the University of Mumbai. He is a Fellow of the Institute of
Chartered Accountants of India. He is also an Associate

Member of the Institute of Cost & Management

Accountants of India and the Insurance Institute of India.
He was a full-time faculty member at SP Jain Institute of
Management, and later, a Professor and Dean at NMIMS
University. He has conducted policy-oriented research for
the Central and State Governments. An adjunct faculty at
IIM Kozhikode, he has also lectured at IIT Bombay, NIBM,
NIA, NITIE, BSE and other institutes. He has guided two
PhDs, and also refereed PhD studies of several universities
all over India. He has prior work experience with Business
India as a Corporate Researcher, Tata Industrial Finance
Corporation as a Merchant Banker.

Dr. Latha S Chari

Professor
Dr. Latha Chari is a Doctorate in Finance from BITS Pilani,
Post Graduate in Commerce and a FCMA (Fellow Member
of the Institute for Cost Accountants of India). She has an
experience of about two decades equally divided between
academia and industry. She started her academic career
as a Fellow with IILM, Lodhi Road, New Delhi.

06

Before joining NISM, Dr, Chari has worked with Institute for
Technology and Management and ITM Institute of
Financial Markets for more than a decade. She joined ITM
as lecturer and grew up the hierarchy to become the
Deputy Director, heading ITM Institute of Financial
Markets. During her academic tenure she has published
papers in various national and international journals and
has conducted MDPs in the areas of financial asset
valuation, strategic cost management, trading and
operations in equity markets, performance evaluation of
mutual funds and the like. Her areas of research interests
include strategic cost management, corporate valuations,
shareholder value enhancement and similar studies. She
has special interests in establishing finance labs and in
design, development and delivery of lab based courses in
the areas of banking and financial markets.

Mr. Akhlaque Ahmed

Lecturer
Mr. Akhlaque Ahmed is an MSc (Applied Mathematics)
from Aligarh Muslim University and an MPhil
(Cryptography) from the University of Mumbai. He has
been a research fellow for the Ministry of Science and
Technology, Govt. of India, New Delhi. He has a Post
Graduate Diploma in Financial Engineering. Currently, he is
pursuing his Doctoral degree in Financial Derivatives from
Department of Economics (Autonomous), University of
Mumbai.
Before joining NISM, Mr. Ahmed was associated with the
undergraduate programme of the London School of
Economics & Political Sciences conducted at Mumbai. He
has published three journal papers in the area of financial
economics. His areas of interest include financial
mathematics, financial cryptography, quantitative finance
and derivative pricing. He is a visiting faculty at various BSchools of University of Mumbai and Symbosis
International University, Pune. He has industrial
experience as a consultant with PRAXIS Technologies,
Mumbai. He teaches Mathematical Finance, Financial
Engineering and related subjects. He extensively uses R
Language, Matlab, Stata and statistical and mathematical
software.

07

Mr. Nitin Tike

Senior Vice President
Mr. Nitin Tike is Science graduate from Marathwada
University and Post Graduate in Management from Pune
University. He began his career with Bank of Maharashtra
in 1984 and subsequently worked with Non-Banking
Finance Companies, brokerage houses and training
organizations and in academics over a career span of 23
years. During these 23 years he served organizations like
Weizmann Ltd., Mafatlal Finance Company Ltd., Mafatlal
Securities Ltd., India Infoline Ltd. and Bharati Vidyapeeth.
He has worked in the areas of merchant banking, corporate
and retail credit, retail broking, training and teaching. In his
last assignment, he served as Professor in Finance for four
years at Bharati Vidyapeeth's Institute of Management
Studies and Research, at CBD Belapur.

Dr. Rachana Baid

Adjunct Associate Professor
Dr. Rachana Baid is a MCom (Gold medalist) and a PhD.
She specializes in Financial Systems and Regulatory
Policy. She has undertaken consulting assignments
with multilateral agencies such as the World Bank and
has been a visiting faculty at IIM Indore and SP Jain
Institute of Management. She has also served as an
Assistant Professor at the UTI Institute of Capital Markets,
Mumbai for about a decade.

Mr. Nitesh Bhati

Faculty Member
Mr. Nitesh Bhati completed his BCom (Hons.) from Jai
Narayan Vyas University, Jodhpur in year 2004. He
qualified as a Chartered Accountant and joined Securities
and Exchange Board of India (SEBI) in year 2006 and as a
Company Secretary in year 2013. He also completed post
qualification course on Information Systems Audit (ISA)
from Institute of Chartered Accountant of India (ICAI). He is
also a Fellow Member of ICAI.
Mr. Bhati is Assistant General Manager with SEBI and
presently on deputation with NISM as a member of faculty.
During his tenure in SEBI, he has worked in Corporation
Finance Department, Market Regulations Department and
Investigation Department of SEBI. He has held several
assignments in SEBI including public issues, takeover open offers, buy back offers, listing compliances,

corporate governance, delisting, administration of stock

exchanges, investigations related to manipulation in
market price and financial statements. Mr. Bhati was also
part of XBRL project team of SEBI. His teaching interests
include accounting, corporate laws, taxations, securities
markets regulations, International Financial Reporting
Standards (IFRS) and forensic accountings.

Before joining NISM on deputation as member of faculty,

Mr. Sahoo was working as Assistant General Manager in
SEBI. During his tenure in SEBI, he worked in Mutual
Funds Department and Human Resource Development
Department. In Mutual Funds Department, he has worked
in various areas of mutual fund operation and was part of
various major policy decisions.

Mr. Jitendra Kumar

Mr. Sahil Malik

Faculty Member

Faculty Member

Mr. Jitendra Kumar is a BA (Hons.) in Economics from

Ramjas College, Delhi University and MA (Economics)
from Jawaharlal Nehru University (JNU), New Delhi. He
has done LLB from Mumbai University and Post Graduate
Diploma in Securities Law from Govt. Law College (GLC),
Mumbai. Besides, he has also done UGC (NET) in
Economics and CAIIB from Indian Institute of Banking and
Finance (IIBF).

Mr. Sahil Malik is a member of faculty in NISM's School of

Regulatory Studies and Supervision (SRSS). He has joined
NISM on deputation from Securities and Exchange Board
of India. He holds Master in Commerce and Business
Administration. He also holds Bachelor degree in law and
pursuing his Company Secretary (Final). He has been
working with SEBI since February 2002 and has worked in
the profile of framing of policy and supervision of all
market intermediaries, stock exchanges and depositories,
policy, supervision and market development of mutual
funds, investigations and enforcement related to
securities market manipulations.

Before joining NISM on deputation, Mr. Kumar has worked

with Securities and Exchange Board of India (SEBI) for
more than a decade. His work profile at SEBI included
Investigations related to securities market manipulation,
registration / regulation / inspection / policy works related
to the Portfolio Manager, Alternative Investment Fund
(AIF), Investment Adviser ,Foreign Venture Capital
Investor (FVCI) and Corporate Bonds. He has also worked
in RTI Cell of the SEBI and represented SEBI in various
matters before Central Information Commission (CIC),
New Delhi. He had also worked with NABARD for more
than 3 years. At NABARD, he had worked in District
Planning Department (DPD) and Micro Finance and
Innovation Department (MCID). He has attended many
national and international workshops, trainings and
seminars. He has also been the speaker of various Regional
Seminars organized by BSE and NSE. His interests are in
the fields of Micro Economics, Macro Economics,
Monetary Economics, Public Finance, Capital Market,
Securities Law, RTI Act etc.

Mr. Hruda Sahoo

Faculty Member
Mr. Hruda Sahoo is an MA in Analytical and Applied
Economics from Utkal University, Bhubaneswar and holds
a Master Degree in Financial Management from Jamnalal
Bajaj institute of Management Studies (JBIMS), Mumbai.

He has attended several national and international

workshops, trainings and seminars on varied topics. He is
a regular speaker of various professional bodies like ICSI,
ICAI, Management Colleges and Investors Associations.
He was also involved in providing consultation to certain
Asian Regulators on behalf of SEBI. His areas of interest
are in the fields of mutual funds, inspection / investigation
/ supervision, corporate governance and law.

Ms. Rajani Agadi

Faculty Member
Ms. Rajani Agadi has completed her BCom from
Karnataka University and has done her Masters in
Business Administration with finance specialization from
Kousali Institute of Management Studies, Karnataka
University. She has worked for brief stint as officer in
CanBank Factors Ltd, Bengaluru. She joined SEBI in 2004
as trainee and is currently Assistant General Manager
with SEBI.
Ms. Agadi has worked in Investigation Department of
SEBI for 6 years and in the Office of Investor Assistance

08

and Education of SEBI for 4 years. She worked on two

major investor friendly initiatives of SEBI viz, SCORES
(SEBI Complaints Redress System) and SEBI Toll free
Helpline. She was part of the team which initiated the
above two projects right from the takeoff stage till its final
implementation.
Ms. Agadi has also worked on several other policy
initiatives by SEBI for benefit of investors like simplification
of norms for transmission of shares, simplification of
arbitration mechanism, uniform SOP for suspension and
revocation of trading of shares, simplification of investor
grievance redress means at Stock Exchanges, initiatives
for reducing unauthorized trades, no frills Demat account,
preparation of investor education material and brochures,
etc. She has also represented SEBI in various investor
awareness conferences and workshops. Her areas of
interests include securities analysis, portfolio
management, financial education and wealth planning.

Ms. Prachi Nadkar

Faculty Member
Ms. Prachi Nadkar completed her BCom from University of
Mumbai in year 2001. She qualified as a Chartered
Accountant and joined SEBI in year 2006. She is fellow
member of Institute of Chartered Accountants of India. She
is Assistant General Manager with Securities and
Exchange Board of India (SEBI) and presently on
deputation with NISM as a member of faculty.

09

During her tenure in SEBI, Ms. Nadkar has worked in

Corporate Finance Department Division of Issues and
Listing and Treasury and Accounts Division. She has held
several assignments including public issues, rights
issues, listing compliances, corporate governance,
accounting and auditing standards, IFRS, SCODA
Committee and Audit Committee etc. She was also part of
XBRL project team of SEBI. Her teaching interests include
corporate governance, accounting, corporate laws,
taxations and securities markets regulations.

Ms. Monali Maduskar

Head Knowledge Management
Ms. Monali Maduskar has a Master's Degree in Library
Science (M.Lib). She holds both industry and academic
experience. Before joining NISM, she has worked with
CRISIL. At NISM, she has led several initiatives for
upgrading and enriching the collection of books,
magazines and journals, to support the learning process of
the participants.

Visiting Faculty
Dr. Surendra Sundararajan
Dr. Surendra Sundararajan, a Professor at M. S. University
of Baroda, is an MA (Economics), LLB, MBA (Wisconsin),
and a PhD. He is an expert in Securities Markets and Risk
Management & Derivatives. He is also a visiting faculty at
SP Jain Institute of Management and Great Lakes Institute
of Management.

areas of applied mathematics, quantitative finance and

economics. Two of his research papers on mathematical
statistics are in reputed international journals; one of the
papers is among the top-25 cited articles in the world in
the area of Time Series Analysis and Dynamics.
Mr. C. D. Shreedharan

Mr. Venkatesh is a CFA (USA) and FRM (GARP), in

addition to being a Chartered Accountant and a Cost &
Management Accountant. He is an expert in securities
analysis, portfolio management and behavioral finance. A
former editor (Financial Markets) at Business Line (a
Hindu Group) publication, he is the Founder Director of
Navera Consulting, a firm that specializes in portfolio
performance evaluation. Previously, he has been a visiting
faculty at IIM Bangalore and Great Lakes Institute of
Management.

Mr. C. D. Shreedharan has 36 years of experience in the

Reserve Bank of India, across Foreign Exchange,
Exchange Control, Currency Markets, Money Markets
and Debt Markets. He was also a faculty member in the
Reserve Bank Training College. He has been teaching at
the Masters' level at prestigious institutions such as IIM
Kozhikode, Institute of Chartered Accountants of India,
BSE Training Institute, Jamnalal Bajaj Institute of
Management Studies, Narsee Monjee Institute of
Management Studies, S.P .Bankers' Training College etc.
His teaching expertise is in the areas of macroeconomics, monetary economics, international finance
and foreign exchange derivatives. He has also made
notable contributions to the above-mentioned academic
institutions and was instrumental in the collaborative
efforts between Case Western University and NMIMS.

Dr. M. Venkateshwarlu

Mr. Jeet R. Shah

Dr. Venkateshwarlu, MCom and PhD, is an Associate

Professor at National Institute of Industrial Engineering
(NITIE). He has also pioneered the development of the
CRISIL Certified Analyst Programme. His areas of interest
are financial economics, valuation and risk management.
He has several research articles at refereed international
and national journals, besides conference papers.

Mr. Jeet R. Shah is a MCom from Mumbai University and

a Certified Financial Planner (CFP CM). He has over 10
years industry experience in the field of corporate and
personal finance, taxation, capital syndication, etc.
Currently he is a partner of Veer Consultancy Services
which focuses on SME consulting and Personal Financial
Planning. He has a teaching experience of about 7 years.
He is a visiting faculty with NMIMS, SP Jain Institute of
Management and Research and Indo-German T raining
Centre and has taken corporate training sessions for SBI,
Mahindra Kotak Securities, NISM and LIC. Jeet had been a
consultant to FPSB - India and was an expert in the
second round table on Direct Tax Code organized by
Ministry of Finance under the aegis of SEBI's - NISM.

Mr. B. Venkatesh

Mr. B. Renganathan
Mr. Renganathan is a Cost Accountant and Fellow of the
Institute of Company Secretaries of India. He is a Senior
Vice President - Compliance and Legal, at Edelweiss. His
areas of specialization are corporate laws, securities
markets regulation and mergers & acquisitions.
Mr. Ramesh B. Thimmaraya
Mr. Ramesh Babu Thimmaraya is an ME from IIT Madras,
MBA from NITIE, Bombay and has attained the FRM
Certification from GARP. He has worked at CENDAC Labs,
USA and at GE, Bangalore. He has written 18 research
papers in many peer reviewed international journals in the

Apart from the above mentioned visiting faculty

members, NISM also invites industry participants from
SEBI, RBI, NSE, BSE, Credit Rating Agencies and other
market participants on an on-going basis to share industry
insights and their experiences with the participants.

10

ALUMNI
Within a short span of time, NISM has a list of illustrious
Alumni from its very first batch of PGPSM (2010-11). The
alumni are the talent pool of the securities markets and are
placed in various organizations including analytic firms,
rating agencies, stock brokers, asset management
companies, fund managers, investment banks, financial
advisors, banks, etc. The success of the programme is
reflected from the sterling on-the-job performance of the
alumni in their respective organizations.

Testimonials
I really enjoyed the experience and had a great time. I
joined PGPSM with an intention to make a lateral shift
from IT to Finance. I got introduced to the concepts of
finance in the classroom and had enough time in the hostel
to study for CFA which helped me clearing level 1 and level
2. Here, at JMN Investments, I am working on Aircraft
ABS models. My role is exciting and challenging. It has
been a good learning experience to work in a US
investment bank. I am thankful to all in realizing my goals.
- Bipul Sinha
JMN Investment Research

11

NISM PGPSM has helped me as an individual to push

myself harder into understanding, analyzing and aspiring
for greater levels in the capital market world. I have
extremely fond memories of time that I have spent in
NISM. Kudos and heartfelt thanks to the Professors, the
Mentors and the institution!
- Nagesh Nayak
Capgemini
NISM has an experienced pool of faculty and other
modern facilities. We learnt a lot of things in one year and
we can say our knowledge of the financial sector is as
good as that of any top B-School in the world. This oneyear course is really worth the money. Many of us got
placed in respectable companies before April. I hope the
forthcoming batches will continue to do the same and I
wish them all the best. NISM gives a huge opportunity in
research oriented jobs, consultancy, IT etc. I am really
proud of calling myself an Alumna of this prestigious
institute.
- Swapnil Maheshwari
IRIS Business Solutions Pvt. Ltd.

ADMISSIONS 2016-17

Age

The interviews at Mumbai would be scheduled on May 07

and 08, 2016. Interviews are likely to be held also at
Ahmedabad, Bengaluru, Bhubaneshwar, Chandigarh,
Chennai, Delhi, Hyderabad, Indore, Jaipur, Kolkata and
Pune depending on the requirement. The interviews at
locations outside Mumbai would be scheduled on May 14
and 15, 2016. The institute reserves the right to postpone
or bring forward the dates of the interviews or cancel
interviews at any location.

There is no age limit for the programme, but it is desirable

that the candidate is below 30 years of age as on the date
of application.

The candidates are required to produce the following

documents in original, for verification, at the time of
interview:

Eligibility Criteria
Minimum qualification
The minimum qualification requirement is a bachelor's
degree or equivalent from a recognized University in India.
Students in their final year of graduation are also eligible.

Stage I Online Application

An online application form is available at
www.nism.ac.in/landingpages. The application form
captures the personal details, academic qualifications,
professional experiences and other information essential
for the selection process. Interested candidates may apply
by filling the application form online. NISM does not offer
any offline mode for application. The last date to fill the
application form is April 04, 2016.
The application fee is Rs. 1000 and is non-refundable. The
fee can be paid by credit card, debit card, net banking or
cash deposit. All application fee payment related
information is provided in the online application form.
The candidates would be shortlisted for the next round
based on the information provided in their application
forms.

Stage II Essay Writing and Personal

Interview
The shortlisted candidates in stage I will be called for essay
writing and personal interviews.
The essay writing is a non-elimination round and the topics
would be announced at the venue. The candidates are
advised to be familiar with the recent developments in the
world on business to perform well in the essay writing.

1. Proof of Identity (PAN / Voter ID / Driving License /

Passport / College or Employer Identity Card current
and valid)
2. Proof of Age (Birth Certificate / Class 10 or 12 mark
sheet / School Leaving Certificate)
3. Graduation / Post Graduation Certificate issued by the
University / Institute*
4. Statement of marks of Graduation / Post Graduation
examination issued by the University / Institute*
5. Experience Certificate from the employer, if applicable
*Candidates who are students in their final year of
graduation or post graduation may produce the statement
of marks till the pre-final year.
The candidates should also submit self-attested
photocopies of the above mentioned documents at the
time of interview.
All expenses related to application or attending interviews
shall be borne by the candidates. The institute will not bear
or reimburse any expenditure in this regard.
The candidates are advised to visit the following webpage regularly for updates and other information:
www.nism.ac.in/pgpsm

12

Fees and Deposits

Selection Procedure
The final selection of the candidate will be based on
the following parameters totaling to 100:
NO.

CRITERIA

WEIGHT

a) Academic Qualification / Performance -20%

b) Work Experience - 20%

40%

02

Essay Writing

20%

03

Personal Interview

40%

01

Profile

Fees
The total programme fee is Rs. 4,75,000/-* (Rupees Four
Lakh Seventy Five Thousand only) for the entire year and
is payable in two installments. The break-up of the fee is
as under:
NO.

The list of selected candidates will be displayed on the

institute's website on May 23, 2016. The selection of
candidates would be at the sole discretion of NISM. NISM
reserves the right to reject any candidate at any stage, at
its sole discretion, without assigning any reason. The
selected candidates would be required to pay the first
installment of the fee on or before June 15, 2016. Detailed
information on fee is provided later in the prospectus.
Provisional admission would be offered to selected
candidates who are in their final year of graduation / postgraduation. Such candidates are required to produce
their course completion certificates before the
commencement of the second term, failing which their
admission shall be cancelled.

Sponsored candidates are employees of eligible

organizations, whose applications are forwarded through
their respective employers. The employers should furnish
an undertaking to grant study leave to the candidates and
also undertake to bear the fees. The eligible organizations
include:
-

13

Government Departments / Public Sector

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

FEE AMOUNT (RS)

01

3,30,000

02

Lodging and Boarding charges

1,25,000

03

Examination Fee

10,000

04

Library Fee

10,000

05

Alumni Association Fund (Annual)

2,000
*Service Taxes applicable

The participants would be provided with personal copies

of prescribed text books essential for various courses. The
participants are expected to possess personal notebooks
or laptops while attending classes. The participants shall
purchase notebooks or laptops on their own.
Refundable Deposits
The participants are required to pay refundable deposits,
subject to terms and conditions, as detailed below:
NO.

Sponsored Candidates

PARTICULARS
Tuition Fee

PARTICULARS

FEE AMOUNT (RS)

01

Library Deposit

10,000

02

Hostel Room Deposit

10,000

The deposits are refundable subject to adjustment of any

dues from the students.

Educational Loan
The institute facilitates participants in securing
educational loans. The institute has arrangements with
Credila, Saraswat Bank and other financial institutions for
educational loans. It is to be understood that NISM does
not recommend any bank or guarantee loans. In the event
of any delay in securing loans, the participants have to
arrange for their own funds to pay the fee, deposits and
charges as per the payment schedule provided at the time
of joining the programme. However, on a later date, if the
loan is secured, the amount paid by the participants will be
refunded without any interest on receipt of the amounts
from the entity that has offered loan.

Admissions 2017-18

IMPORTANT DATES
Commencement of online application

Friday, Nov 18, 2016

Last date to apply

Tuesday, April 18, 2017

Announcement of short-listed applicants

for interview

Monday, April 24, 2017

Selection Interviews

May 06 to June 02, 2017

Interview Results - First List

Saturday, May 27, 2017

Interview Results - Second List

Wednesday, May 31, 2017

Last date for fee payment - First List

Saturday, June 17, 2017

Last date for fee payment - Second List

Tuesday, June 27, 2017

Programme commencement

Tuesday, July 11, 2017

*Interviews will be scheduled at different cities depending on the requirement during this period.

For more information

PGPSM ADMISSION OFFICE

NATIONAL INSTITUTE OF SECURITIES MARKETS
Plot no. 82, Sector 17, Vashi, Navi Mumbai - 400703, India

Email: [email protected] | Website: www.nism.ac.in/pgpsm

14

Trading Simulation Lab

Extensive Library

Bloomberg Terminal

15
Well-Equipped Classrooms

INFRASTRUCTURE
AT NEW CAMPUS

Auditorium

Cafeteria

Residential Blocks

Hostel Rooms

Swimming Pool

The 72 acre state-of-the-art campus located in a serene environment is conducive for contemplative
learning. The campus features modern recreation facilities like amphitheaters, gymnasium,
swimming pool, squash court, etc. The campus will reinforce NISM's goal to expand its horizons and
bring academic excellence to students and market participants from India and abroad.
16

New NISM Campus at Patalganga

NISM Bhavan

NISM New Campus

National Institute of Securities Markets

National Institute of Securities Markets

An Educational Initiative of SEBI

An Educational Initiative of SEBI

NISM Bhavan, Plot No. 82, Sector 17,

Vashi, Navi Mumbai - 400 703
Tel: 022 6673 5100-05 | Fax: 022 6673 5110

Plot No. 16-1, 16-2, Patalganga Industrial Area,

Off Mumbai-Pune Express Highway,
Wasambe (Mahapada) Village,
Khalapur Talluka, Raigad District, Maharashtra - 410207

www.nism.ac.in