What we’re about
To become a certified Equity Portfolio Manager in India, one has to pass the NISM-Series-XXI-B: Portfolio Managers Certification Examination. This exam, offered by the National Institute of Securities Markets (NISM), is a mandatory requirement for certain roles related to portfolio management in India.
### NISM
The National Institute of Securities Markets (NISM) is an educational institution established by SEBI. It's the primary body responsible for creating and conducting certification exams for professionals in the Indian securities market. NISM's certifications ensure that individuals working in the financial sector possess a standardized, minimum level of knowledge relevant to their roles. The NISM Series-XXI-B exam is specifically designed to create a common knowledge benchmark for principal officers and other employees of Portfolio Management Services (PMS) firms.
### SEBI's Mandate
The Securities and Exchange Board of India (SEBI), the market regulator, mandates these certifications for associated persons in the securities market under the SEBI (Certification of Associated Persons in Securities Markets) Regulations, 2007. SEBI's regulations give NISM's certifications their legal and professional weight, making them a crucial requirement for anyone aspiring to a career in portfolio management in India.
### Exam Details
The NISM-Series-XXI-B examination covers a wide range of topics essential for a portfolio manager, including:
- The investment landscape and securities markets
- Valuation of equities and fixed-income securities
- Derivatives and mutual funds
- The role and operational aspects of portfolio managers
- Portfolio management processes, performance measurement, and evaluation
- Taxation, regulations, governance, and ethics in portfolio management
The exam typically consists of multiple-choice questions and case-based questions. Passing this exam is a key step toward a career in portfolio management in India, as it demonstrates a foundational understanding of the field and compliance with regulatory requirements.
