pgpsm prospects 2016-17

8/18/2019 PGPSM Prospects 2016-17

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Prospectus 2016-17

At NISM you would be a specialist insecurities markets by then

Most B School students choose a specialization intheir second year

PGPSM is a 1-yearPost Graduate Programme with

specialization in securities markets


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BACKGROUND OF NISMIn his budget speech of February 2005, the Honourable Union Finance Minister announced that the Securities andExchange Board of India (SEBI) would establish an institute to undertake securities markets education and research.In pursuance of this mandate, SEBI established the National Institute of Securities Markets (NISM) in Mumbai as apublic trust under the Bombay Public Trusts Act, 1950. The mission for NISM is to add to market quality througheducational and research initiatives that would support, enable and expedite an entire gamut of high qualityknowledge services in the securities industry. A market for securities education and research is gradually emerging inIndia and abroad - partly due to the buoyancy in the securities industry and partly because of the regulatory efforts tocreate minimum competency levels for securities industry professionals. NISM intends to play a catalytic role inaddressing these needs. Given the uniqueness of India and other developing markets, such intervention would followthe twin approaches of accessing and disseminating the relevant existing knowledge and creating new knowledgethat is more specific and appropriate for developing markets. With no other institute in the Asian region that seeks toaddress as wide a canvas, NISM stands uniquely poised to become an institution that would not only serve thesecurities markets in India but could also assume a pan Afro-Asian purpose.

Mr. U. K. SinhaChairman, Securities and Exchange Board of India(Chairman, Board of Governors)

Mr. Rajeev Kumar AgarwalWhole Time Member,Securities and Exchange Board of India (SEBI)

Mr. Prashant SaranWhole Time Member,Securities and Exchange Board of India (SEBI)

Mr. Manoj JoshiJoint Secretary, Ministry of Finance (GOI)

Mr. Uday KotakVice Chairman & Managing Director, Kotak MahindraBank Ltd.

Ms. Chanda KochharManaging Director & Chief Executive Officer,ICICI Bank

Mr. Y. M. DeosthaleeChairman and Managing Director,L&T Finance Holdings Ltd.

Prof. Ashish NandaDirector, Indian Institute of Management (IIM),Ahmedabad

Mr. Sanjay NayarChief Executive Officer, KKR India Advisors Pvt. Ltd.

Mr. Sandip GhoseDirector, NISM

Dr. Bimal JalanFormer Governor, Reserve Bank of India(Chairman, Academic Council)

Mr. Cyril ShroffManaging Partner,Cyril Amarchand Mangaldas

Prof. Samir BaruaFormer Director,Indian Institute of Management (IIM), Ahmedabad

Dr. Shekhar ShahDirector-General,National Council of Applied EconomicResearch (NCAER)

Prof. Viral V AcharyaC.V. Starr Professor of Economics,New York University-Stern School of Business

Prof. Devang V KhakharDirector, Indian Institute of Technology, Mumbai

Mr. N. R. PrabhalaChief Mentor and Head of Research,Centre for Advanced Financial Research andLearning (CAFRAL)

Mr. Sandip GhoseDirector, NISM, Member Secretary

Mr. G. P. GargRegistrar, NISM

Board of GovernorsAs on January 01, 2016


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SCHOOL FOR SECURITIES EDUCATION (SSE)NISM articulates and implements its mission of improvingmarket quality through its six schools, each having a

specific domain presence within the securities markets.The role of the School for Securities Education (SSE) is toprovide education for preparing competent professionalswho will serve the securities markets.

The last few years have seen a demand for securitiesprofessionals who are equipped with a wider repertoire ofknowledge and skills. This demand has been spurred bythe challenges posed by the growing Indian economy andthe expanding securities markets. With the Indianeconomy growing consistently at over 7%, many Indian

companies are scaling up their activities in India andabroad. This has necessitated a greater need forcorporations to access the securities markets. The overalleconomic growth has also witnessed many Indiancorporations attracting domestic and foreign investmentsthrough listings in India and overseas.

As the Indian economy grows and as Indian investors seekgreater participation in the capital markets, the Indian

stock exchanges, mutual funds, investment bankers,analysts and stock brokers would play an even more vitalrole in meeting the enhanced expectations of variousstakeholders.

With its proximity to policy makers and professionals inthe securities market community, SSE is uniquelypositioned to provide educational programmes that willcreate new age securities markets professionals.


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NISM was presented with the B-School LeadershipAward for Excellence in education, leadership and

training, at the World Education Congress heldat Mumbai on June 29, 2012.


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Post Graduate Programme in Securities Markets (PGPSM)About PGPSMValue Addition from PGPSMSuitable CandidatesProgramme Architecture

Programme Design and Content

Learning EnvironmentStudent Performance and Evaluation CriteriaInfrastructureAccommodation and Residential FacilitiesSystems SupportLibraryNotebook ComputerAwardsIndustry Interaction

Placement Facilitation

Academic TeamFull-timeVisiting FacultySupport Team

TestimonialsAlumni

Admission ProcedureEligibility CriteriaNISM Online TestCities and Towns where the test is likely to be conductedPersonal InterviewSelection ProcedureAnnouncement of Selected CandidatesSponsored CandidatesDocumentationFees and DepositsEducational LoanOnline Registration-Prospectus and Online ApplicationLast date for Online Registration

Hall Ticket for NISM Online TestImportant Dates

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CONTENTS

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For students aspiring for career in the securities markets,PGPSM is an extremely unique opportunity to obtain first-hand knowledge, both theoretical and practical, from aninstitute established by SEBI, the market regulator. Thefaculty, consisting of academicians and practitioners, hasthe capability to deliver a high-quality programme to thestudents looking for knowledge and skill-sets as a solidfoundation.

Informal estimates indicate that the securities marketswould require about 32,000 professionals every year. Therequired skill-sets could be grouped as follows: (1) FundManagement, Analysis and Dealings (2) Sales, Product

Management and Brand Management (3) Operations andServices (4) Information Technology (5) Compliance and(6) Financial Advice and Planning.

PGPSM thus seeks to prepare students to become FundManagers, Analysts, Dealers, Institutional Sales Persons,Product Designers, Operations Managers, ComplianceOfficers, Risk Management Officers, Investment Bankers,and Investment Advisors in the securities markets.

PGPSM is a one-year full time Post-Graduate Programmeaimed at creating next generation securities marketsprofessionals.

About the Post Graduate Programe inSecurities Markets (PGPSM)

Value Addition from PGPSM

Suitable Candidates

Programme Architecture

By completing the PGPSM, students would be able to:▪ , and develop

the capability to design solutions that meet specificrequirements

▪ Upgrade knowledge and skill sets necessary to performthe key technical activities in the securities markets

▪ Develop a well-rounded, complete understanding ofsecurities markets

Suitable Candidates are:▪

Graduates and post-graduates aspiring for careers insecurities markets

▪ Executives seeking careers or career switches related tosecurities markets

Divided into four terms, the programme is a balanced blendof theory and practice. These four terms lay emphasis onthe following:▪ Conceptual Phase▪ Application Phase▪ Advanced Application Phase▪ Industry Interaction Phase

Understand the concept of securities markets

POST GRADUATE PROGRAMME IN SECURITIES MARKETS (PGPSM

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(NISM reserves the right to add, modify, merge or deleteany of the above mentioned courses/topics to bring thecurriculum in line with contemporary requirements.)

In addition to the above, students gain exposure throughseveral workshops on contemporary topics such asIFRS, XBRL, Simulated Trading, Market Microstructure,Behavioural Finance etc. Industry exposure is alsoprovided through Seminars, Conferences and Workshopson Contemporary issues.

During Terms I to III, students are expected to study a totalof 21 courses of 1 credit each. Each credit would meanapproximately 30 hours of classroom inputs.

In Term IV, students are required to undertake an internshipproject with an organization where they are placed asexecutives/interns in the securities industry. The ProjectDissertation which carries 2 credits, is to be submittedbefore May 31, the concluding day of Term IV. Students arefree to join their respective organizations on or afterApril 01 each year.

PROGRAMME DESIGN AND CONTENTThe programme is a blend of conceptual and practical inputs, using multiple pedagogies. Participantswill be provided with research-based inputs, real life illustrations and practical insights.

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Securities Analysis &ValuationEconometrics & TimeSeries Analysis

Portfolio Management

Derivatives & RiskManagement

Mutual Funds

Fixed Income Securities

Financial Accounting &Reporting

Financial Institutions &Markets

Corporate Laws

Economics

Term IConceptual Phase

Term IIApplication Phase

Term III

Advanced Application PhaseTerm IVIndustry Interaction Phase

Global Financial Markets

Regulation - Theory &PracticeMergers, Acquisitions &Corporate Restructuring

Corporate Governance

Internship

Project Dissertation

SeminarsStatistics forSecurities Markets

Mathematics forSecurities Markets

Financial Modelling &Computing

Behavioural Finance

Organization &Management

Taxation in SecuritiesMarkets


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LEARNING ENVIRONMENTStudent Performance and Evaluation

Criteria

Infrastructure

PGPSM is a rigorous programme pegged at the level ofpost graduation, leading to the award of PGPSM. Theprogramme is specially designed to raise the professionalstandards of students. The PGPSM will be awarded on thebasis of the student's performance in the followingcomponents:

▪ 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▪ A student is expected to obtain the minimum passing

grade of 50% in each of the courses listed above.

NISM Bhavan is an imposing structure, consisting of sixfloors. The Institute has high quality infrastructureconsisting of classrooms, library, canteen and loungeslocated on various floors of the building.

The hostel, NISM Niwas, also a 6-storey building, islocated about 2 Km from the Institute.

NISM draws upon the cream of academia and industry forproviding cutting-edge inputs in the Securities markets

domain.

A wide range of pedagogical approaches is deployed. Thelearning environment is further stimulated by use oftechnology such as Databases (Bloomberg, Prowess),Application Software (Matlab, SAS, R) and SimulatedTrading with streaming data. Students are provided withinternationally benchmarked textbooks. Additionally, thelibrary is exclusively dedicated towards finance, securitiesmarkets and related areas with an up-to-date collection ofbooks and scientific journals. Book reviews, films related

to Wall Street and experiential learning throughinteractions with industry experts complement thelearning process.

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NISM Campus

Accommodation and Residential Facilities

Systems Support

Library

Our new state-of-the-art infrastructure is coming up at our Patalganga Campus,

45 KM from the existing campus of Vashi, Navi Mumbai. The Patalganga Campusis fully residential with all modern educational amenities.

NISM Niwas, located in Sector 14, Vashi is designed to serve the needs ofstudents who require hostel facilities. There is 24-hour Internet connectivity.Indoor games facilities are also available at NISM Niwas. The hostel facility willbe provided to a limited number of students on twin-sharing basis, and on thebasis of availability. Rooms will be non-A/C. Preference for hostelaccommodation will be given to outstation students, in particular to outstationlady students.

The Institute has access to a well-equipped LAN & WiFi based network system.Classrooms, Auditorium and Conference Room are adequately networked andhave access to server-based packages. Students will have access to advancedas well as regular applications, software packages on mathematical, technicaland capital markets, and industry and company databases. These includeBloomberg, Prowess, Alpha, and numerical technical packages such asSAS, SPSS, Matlab, WinRATS, E-Views, etc.

Students of PGPSM will have access to a library which holds acollection that is highly specialized in the area of securities markets.Thus library is unique owing to the fact that each book is hand-picked by faculty members and experts. The library presently holdsmore than 7,600 books and researchers all over the country havebenefited from it. NISM constantly endeavours to enhance itscollection of books, journals and even films pertaining to thesecurity markets. Through Science-Direct, the libraryprovides access to all the leading academic journals inFinance, Economics, Business and Management. Inaddition to the above, the library subscribes toperiodicals relevant to the securities markets.PGPSM students would be provided librarycards, enabling them to take 2 books at atime, for a duration of one week. Asregards prescribed text books, eachstudent would be provided a personalcopy as part of the study kit.

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Notebook Computer

Awards

Industry Interaction

Students are expected to purchase their own Notebook/Laptop and carry it while attending classes.

Best performing student in PGPSM will be awarded a GoldMedal sponsored by State Bank of India and a cashaward of` 1 lakh.

NISM invites number of practitioners from industry forinteraction with the students of PGPSM to provide theirinsights and share their experiences. This platformprovides an opportunity for students to have a practicalexposure for securities industry operations and nuances.

Under the Leadership Series, senior executives from toporganizations and SEBI share their experiences.

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PLACEMENT FACILITATION

NISM provides assistance for placement by inviting prospective recruiters for careers in Finance and Securities Markets.

NISM received good support and encouragement from industry.

Our alumni have given a sterling performance in the following organizations:

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Prof. Sunder Ram KoriviDean - School for Securities Education

Prof. Sunder Ram Korivi is an MA (Economics & PoliticalScience) and PhD (Business Policy & Administration) fromthe University of Mumbai. He is a Fellow of the Institute ofChartered Accountants of India. Additionally he is also anAssociate member of the Institute of Cost Accountants ofIndia and the Insurance Institute of India. He was a full-timefaculty member at SP Jain Institute of Management, andlater, a Professor and Dean at NMIMS University. He hasconducted policy-oriented research for the Central andState Governments. An adjunct faculty at IIM Kozhikode,he has also lectured at IIT Bombay, NIBM, NIA, NITIE, BSEand other institutes.He has guided 2 PhDs, and alsorefereed PhD studies of several universities all over India.He has several international conference paper andpublications to his credits .He is on the boards of studies ofseveral Universities and national institutes.. He has priorwork experience with Business India as a CorporateResearcher and Tata Industrial Finance Corporation as aMerchant Banker.

Dr. Latha S ChariProfessor- NISM

Dr. Latha S Chari is a doctorate in Finance from BITS Pilani,Post Graduate in commerce and a FCMA (Fellow memberof the Institute for Cost Accountants of India). She has atotal experience of about two decades which is equallydivided between academia and Industry. She started heracademic career as a Fellow with IILM, Lodhi Road, NewDelhi. Before joining NISM, she has worked with Institutefor Technology and Management and ITM Institute ofFinancial Markets for more than a decade. She joined ITMas lecturer and grew up the hierarchy to become theDeputy Director, heading ITM Institute of FinancialMarkets. During her academic tenure she has publishedpapers in various national and international journals andhas conducted MDP’s in the areas of financial assetvaluation, strategic cost management, trading andoperations in equity markets, performance evaluation ofmutual funds and the like. Her areas of research interestsinclude strategic cost management, corporate valuations,shareholder value enhancement and similar studies. She

has special interests in establishing financelabs, design, development and delivery

of lab based courses in the areas ofbanking and financial markets.

ACADEMIC TEAM


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Mr. Akhlaque AhmedLecturer

Mr. Akhlaque Ahmed is an MSc (Applied Mathematics)

from Aligarh Muslim University and an MPhil(Cryptography) from the University of Mumbai. He hasbeen a research fellow for the Ministry of Science andTechnology, Govt. of India, New Delhi. He has a PostGraduate Diploma in Financial Engineering. Currently, he ispursuing his Doctoral degree in Financial Derivatives fromDepartment of Economics (Autonomous), University ofMumbai.He has presented research papers onquantitatives finance at several international conferences,some of them being award winning .His papers are regularpublished in international referred journals. Prior to JoiningNISM, he was associated with the undergraduateprogramme of the London School of Economics & PoliticalSciences conducted at Mumbai. He has published threejournal papers in the area of financial economics. His areasof interest include Financial Mathematics, FinancialCryptography, Quantitative Finance and Derivative Pricing.He is a visiting faculty at various B-Schools of University ofMumbai and Symbosis International University, Pune. Hehas industrial experience as a consultant with PRAXISTechnologies, Mumbai. He teaches Mathematical

Finance, Financial Engineering and related subjects. Heextensively uses R-Language, Matlab, Stata and statisticaland mathematical software.

Mr. Nitin TikeSenior Vice President

Mr.NitinTike, a Science graduate from MarathwadaUniversity and Post Graduate in Management from PuneUniversity. He began his career with Bank of Maharashtrain 1984 and subsequently worked with Non-BankingFinance Companies, Brokerage Houses and Trainingorganisations and in academics over a career span of 23years. During these 23 years he served organizations likeWeizmann Ltd., Mafatlal Finance Company Ltd., MafatlalSecurities 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 hislast assignment, he served as Professor in Finance for fouryears at Bharati Vidyapeeth’s Institute of ManagementStudies and Research, at CBD Belapur.

Rachana Baid, Adjunct Associate Professor

Dr. Rachana Baid is an M.Com (Gold medalist) and PhD.She specializes in Financial Systems and RegulatoryPolicy. She has undertaken consulting assignments withmultilateral agencies such as the World Bank and has beena visiting faculty at IIM Indore and SP Jain Institute ofManagement. She has also served as an AssistantProfessor at the UTI Institute of Capital Markets, Mumbaifor about a decade.

Mr. Nitesh BhatiFaculty Member

Mr. Nitesh Bhati completed his Bachelor of Commerce(Hons.) from Jai Narayan Vyas University, Jodhpur in year2004. He qualified as a Chartered Accountant and joinedSecurities and Exchange Board of India (SEBI) in year2006. Mr. Bhati has qualified as a Company Secretary in

year 2013. He also completed post qualification course on“Information Systems Audit (ISA)” from Institute ofChartered Accountant of India (ICAI).

Mr. Bhati is fellow member of ICAI. He is Assistant GeneralManager with SEBI and presently on deputation withNISM as a member of faculty.

During his tenure in SEBI, Mr. Bhati has worked inCorporation Finance Department, Market RegulationsDepartment and Investigation Department of SEBI. He hasheld several assignments in SEBI including public issues,takeover - open offers, buy back offers, listingcompliances, corporate governance, delisting,administration of Stock Exchanges, investigations relatedto manipulation in market price and financial statements.Mr. Bhati was also part of XBRL project team of SEBI.

Mr. Jitendra KumarFaculty Member

Mr. Jitendra Kumar is a BA (Honours) in Economics fromRamjas College, Delhi University and MA (Economics)from Jawaharlal Nehru University (JNU), New Delhi. He


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has done LL.B from Mumbai University and Post GraduateDiploma in Securities Law from Govt. Law College (GLC),

Mumbai. Besides, he has also done UGC (NET) inEconomics and CAIIB from Indian Institute of Banking andFinance (IIBF).

Before Joining NISM on deputation, he has worked withSecurities and Exchange Board of India (SEBI) for morethan a decade. His work profile at SEBI includedInvestigations related to securities market manipulation,registration/regulation/ inspection/ policy works related tothe Portfolio Manager, Alternative Investment Fund (AIF),Investment Adviser ,Foreign Venture Capital Investor(FVCI) and Corporate Bonds. He has also worked in RTI Cellof the SEBI and represented SEBI in various matters beforeCentral Information Commission (CIC), New Delhi. He hadalso worked with NABARD for more than 3 years. AtNABARD, he had worked in District Planning Department(DPD) and Micro Finance and Innovation Department(MCID).

Mr. Hruda Ranjan SahooFaculty Member

Mr. Sahoo is an MA in Analytical and Applied Economicsfrom Utkal University, Bhubaneswar and holds a MasterDegree in Financial Management from Jamnalal Bajajinstitute of Management Studies (JBIMS), Mumbai.

Prior to joining NISM as Member of Faculty on deputation,Mr. Sahoo was working as Assistant General Manager inSEBI. During his tenure in SEBI, Mr. Sahoo worked inMutual Funds Dept. and Human Resource DevelopmentDept. In Mutual Funds Dept. he has worked in various

areas of mutual fund operation and was part of variousmajor policy decisions.

Mr. Sahil MalikFaculty Member

Mr. Sahil Malik is a Member of Faculty in School ofRegulatory Studies and Supervision within NISM. He hasjoined NISM on deputation from Securities and ExchangeBoard of India. He holds Master in Commerce andBusiness Administration. He also holds Bachelor degree inlaw and pursuing his Company Secretary (Final). He hasbeen working with SEBI since February 2002 and hasworked in the following profile

▪ Framing of Policy and Supervision of all Market Interme-diaries, Stock Exchanges and Depositories

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Policy, Supervision and market development of MutualFunds.▪ Investigations and Enforcement related to Securities

market manipulations.

He has attended several national and internationalworkshops, trainings and seminars on varied topics. He isa regular speaker of various professional bodies like ICSI,ICAI, Management Colleges and Investors Associations.He was also involved in providing consultation to certainAsian Regulators on behalf of SEBI.

Ms. Rajani AgadiFaculty Member

Ms. Rajani Agadi has completed her B.Com fromKarnataka University, Dharwad and has done her Mastersin Business Administration with finance specializationfrom Kousali Institute of Management Studies, KarnatakaUniversity, Dharwad. She has worked for brief stint asofficer in CanBank Factors Ltd, Bangalore. She joined SEBIin 2004 as trainee and is currently Asst General Managerwith SEBI.

She has worked in Investigation department of SEBI for 6years and in the Office of Investor Assistance andEducation of SEBI for 4 years. She worked on two majorinvestor friendly initiatives of SEBI viz, SCORES ( SEBIComplaints Redress System) and SEBI Toll free Helpline.She was part of the team which initiated the above twoprojects right from the takeoff stage till its finalimplementation.

She has also worked on several other policy initiatives bySEBI for benefit of investors like simplification of norms fortransmission of shares, simplification of arbitrationmechanism, uniform SOP for suspension and revocation oftrading of shares, simplification of investor grievanceredress means at Stock Exchanges, initiatives for reducingunauthorized trades, No frills demat account, preparationof investor education material and brochures, etc. She hasalso represented SEBI in various investor awarenessconferences and workshops.


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Ms. Prachi NadkarFaculty Member

Ms. Prachi Nadkar completed her Bachelor of Commerce

from Mumbai University in year 2001. She qualified as aChartered Accountant and joined SEBI in year 2006.Ms.Nadkar is fellow member of Institute of CharteredAccountants of India. She is Assistant General Managerwith Securities and Exchange Board of India (SEBI) andpresently on deputation with NISM as a member of faculty.

During her tenure in SEBI, Ms. Nadkar has worked inCorporate Finance Department- Division of Issues andListing and Treasury and Accounts Division. She has heldseveral assignments including Public issues, Rightsissues, Listing compliances, Corporate Governance,Accounting and Auditing standards, IFRS, SCODACommittee and Audit Committee etc. Ms. Nadkar was alsopart of XBRL project team of SEBI.

Ms. Monali MaduskarHead: Knowledge Management

Ms. Maduskar has a Master’s degree in LibraryScience(M.Lib). She has experience in industry as well as

academic organizations, prior to joining NISM, she hadworked with CRISIL. At NISM she has led severalinitiatives for upgrading and modernizing the facilities,insupport of multiple pedagogy learning experiences.

Dr. Surendra SundararajanDr. 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 RiskManagement & Derivatives. He is also a visiting faculty atSP Jain Institute of Management and Great Lakes Instituteof Management.

Mr. B. VenkateshMr. Venkatesh is a CFA (USA) and FRM (GARP), in additionto being a Chartered Accountant and a Cost &Management Accountant. He is an expert in SecuritiesAnalysis, Portfolio Management and Behavioural Finance.

A former Editor (Financial Markets) at Business Line (aHindu Group) publication, he is the Founder Director of

Visiting Faculty

Navera Consulting, a firm that specializes in portfolioperformance evaluation. Previously, he has been a visitingfaculty at IIM Bangalore and Great Lakes Institute ofManagement.

Dr. M. VenkateshwarluDr. Venkateshwarlu, MCom and PhD, is an AssociateProfessor at National Institute of Industrial Engineering(NITIE). He has also pioneered the development of theCRISIL Certified Analyst Programme. His areas of interestare Financial Economics, Valuation and Risk Management.He has several research articles at refereed internationaland national journals, besides conference papers.

Mr. B. Renganathan

Mr. Renganathan is a Cost Accountant and Fellow of theInstitute of Company Secretaries of India. He is a SeniorVice President - Compliance and Legal, at Edelweiss. Hisareas of specialisation are Corporate Laws, SecuritiesMarkets Regulation and Mergers & Acquisitions.

Mr. Ramesh B. ThimmarayaRamesh Babu Thimmaraya is an ME from IIT Madras, MBAfrom NITIE, Bombay and has attained the FRMCertification 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 theareas of Applied Mathematics, Quantitative Finance andEconomics. Two of his re-search papers on mathematicalstatistics are in reputed international journals, one of thepapers is among the top-25 cited articles in the world in thearea of Time Series Analysis and Dynamics.

Mr. C. D. ShreedharanMr C. D. Shreedharan has 36 years of experience in theReserve Bank of India, across Foreign Exchange, ExchangeControl, Currency Markets, Money Markets and Debt

Markets. He was also a faculty member in the ReserveBank Training College.

He has been teaching at the Masters' level at prestigiousinstitutions such as IIM Kozhikode, Institute of CharteredAccountants of India, BSE Training Institute, JamnalalBajaj Institute of Management Studies, Narsee MonjeeInstitute of Management Studies, S.P.Bankers' TrainingCollege etc. His teaching expertise is in the areas ofMacro-economics, Monetary Economics, InternationalFinance and Foreign Exchange Derivatives. He has also

made notable contributions to the above-mentionedacademic institutions and was instrumental in the

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collaborative efforts between Case Western Universityand NMIMS.

Mr. Jeet R. ShahMr. Jeet R.Shah is a M.Com from Mumbai University and aCertified Financial Planner (CFP CM ). He is pursuing hisP.hd from the University of Mumbai. He is pursuing his P.hdfrom the university of Mumbai. He has over 10 yearsindustry experience in the field of corporate and personalfinance, taxation ,capital syndication etc. Currently he is aPartner of Veer Consultancy Services which focuses onSME consulting and Personal Financial Planning .He likesto teach and has a teaching experience of about 7 years.He is a visiting faculty with NMIMS, S. P. Jain Institute of

Management and Research and Indo-German TrainingCentre and has taken corporate training sessions for SBI ,Mahindra Kotak Securities, NISM and LIC. Jeet had been aconsultant to FPSB - India and was a expert in the secondround table on Direct Tax Code organised by Ministry OfFinance under the aegis of NISM.

Support Team

Rajshekhar TorgalDeputy Manager , Programme Office

Mr. Torgal is a BBA from Karnataka University with a Firstclass. He is a Post-Graduate in Industrial Relations andPersonnel Management. He has a total of 13 years ofexperience, of which 3 years were in Industry (SugarIndustry) and 3 years as a District Manager in the e-governance project of Government of Karnataka. Prior tojoining NISM, he worked with ICFAI University andPearson education. His experience in the education sectortotals 7 years.

Sachin DhuriProgramme Assistant

Mr. Dhuri is a B.A. from the University of Mumbai. Prior toNISM, he has worked in a telecommunication company.He looks after the day-to-day running of academic calendarfor PGPSM.

Ms. Evita Pais

Secretary to DeanMs. Evita Pais is a M.Com with a specialization inAccounting and Finance. She has worked in a Japaneascompany. She assist the Dean-SSE in planning theacademic and co-ordination with the faculty.


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TESTIMONIALSAlumni

Within a short span of time, NISM has a list of illustriousAlumni from its very first batch (20010-11). Theirexperience at NISM is briefly reproduced in the followingparagraphs.

Abhishek Priyadarshi, JMN Investment Research

This is to inform you all that I passed my CFA level-1 exam,June 2011. Other big news is Pitch Book (It's a 515 pagesfinancial database for 47 US listed restaurant companieshaving market capitalisation more than $50 million) whichI prepared for one of my client US investment bank (PiperJaffery), got published in US last month. Currently, I amworking on Spin off valuation of US companies across allsectors and also prepare reports on them. So fareverything is fine and challenging.

Balasubramanian Srinivasan, TAMP

I am glad to inform you sir, that I have been selected asMember (Finance) in Tariff Authority for Major Ports,Mumbai, a Port Regulatory Authority under Ministry ofShipping in the Rank and Pay of Additional Secretary toGovt of India. The PGPSM course subjects were veryhelpful to me while attending the interview. I wish toconvey my heartiest thanks to all the Faculty members andmanagement of NISM.

Bipul Sinha, JMN Investment Research

I am very pleased to inform you that I have passed level 2 ofCFA exam. Its been a very fruitful and an exciting year (i.e.10 months to be exact) for me at NISM. I really enjoyed theexperience and had a great time. I joined NISM with anintention to make a lateral shift from IT to finance. I gotintroduced to the concepts of finance in the classroom andhad enough time in the hostel to study for CFA whichhelped me clearing level 1 in December and level 2 in June.Here, at JMN Investments, I am working on Aircraft ABSmodels. The work is good and challenging. I am travellingto US next weekend related to my work. It would be a goodlearning experience to work in a US investment bank. I amthankful to all in realizing my goals.

Vinayaka Muppanna, IRIS Business Solutions

I am happy to inform you that I have passed my CFA level 2Exam. Thanks for all the valuable inputs I got from NISM forachieving this.

Nagesh Nayak, Capgemini

NISM, though a skeptical choice at that time, was anexperiment. I am proud to say today has dispelled my initialreservations of not being robust and course contentspecific. In retrospection, it has helped me as an individualto push myself harder into understanding, analyzing and

aspiring for greater levels in the capital market world. Ihave extremely fond memories of time that I have spent inNISM. Kudos and a heartfelt thanks to the Professors,Mentors and NISM the institution.

Swapnil Maheshwar, IRIS Business Solutions Pvt. Ltd.

NISM has helped us in building a career in capital markets.NISM is having a very good pool of faculties and otherfacilities. We have learnt a lot of things in one year of ourstay in NISM. We have been taught all subjects related tocapital markets in a very efficient way and can say ourknowledge of the financial sector is as good as of any highclass B-School. This one year course is really worth themoney. Many of us got placement also before April, whichsaved our opportunity cost also. I hope it will continue to dothe same. NISM gives a huge opportunity in researchoriented jobs, consultancy, IT etc. Wish you very best ofluck for the next batches. I am really proud of calling myselfas Alumni of this prestigious institute.

Bhanupriya Gupta, L & T Finance

The knowledge that I gained at NISM and the guidanceprovided were of great importance in my journey. I wouldbe glad if, through my future endeavors I could add valueto my alma mater.

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ADMISSION PROCEDUREEligibility Criteria

NISM Online Entrance Test

Minimum qualification

Age

There is no age limit for the programme, but it is desirablethat the candidate is below 30 years of age as on the dateof online registration.

Entrance Test

Candidates have a choice of using the NISM OnlineEntrance Test or other Test scores specified in theparagraph below.

Candidates having valid Test scores in the top 30 percentileof

are eligible to apply. Othercandidates may appear in the NISM Online Entrance Test.

The duration of the test would be 120 minutes and themaximum marks are 100. The online test would attempt toassess the following attributes of a candidate:

1. Quantitative Aptitude - 40%2. Analytical and Reasoning Skills - 25%3. Language Proficiency - 25%4. General Knowledge of Financial Markets - 10%

Each question would be a multiple choice question withfour choices. Each correct answer would carry one mark.There would be negative marking of 0.25 for every wronganswer.

An applicant is required to register for the online test at atest centre in select cities and towns as would be indicatedon the NISM website. The test will be conducted on

. For guidance on choice andavailability of online test centre, kindly refer to the

following section on test centres.

A bachelor's degree or equivalent from a recognizeduniversity in Indian with a minimum of 50% marks inaggregate.

GMAT/XAT /any other equivalent international/ nationalor state level test - NISM test

Sunday, May 15, 2016

All candidates are required to carry ANY ONE of thefollowing as proof of identification:

▪ PAN card▪ Driving License▪ Passport▪ Voter ID card▪ College Student Identity Card, current and valid OR▪ Employer Identity Card, current and valid

The student should provide the proof of identification tothe test administrator on demand. NISM reserves theright to seek additional identification details, if

necessary.

The online tests would be carried out in the followingcities/towns: Ahmedabad, Bengaluru, Bhubaneswar,Chennai, Goa, Secunderabad, Indore, Jaipur, Kolkata,Kochi, Lucknow, Mumbai, New Delhi, Patna, Ranchi,Faridabad, Chandigarh, Surat, Gurgaon, and Pune.

If the registrations at any centre exceed the capacity orfalls well below the capacity of the test centre, NISMreserves the right to shift the candidates to another testcentre and the same would be intimated to the respectivecandidates by NISM. Candidates are required to report atthe test centre so intimated at the appropriate date andtime for taking the online test.

For further details, visit the website:www.nism.ac.in/pgpsm

Candidates will be shortlisted on the basis of marksobtained in (1) Profile and (2) Performance in the OnlineTest for a personal interview. The shortlisted candidateswill be intimated through email and/or letters. Personalinterviews are likely to be held at Bengaluru, Chennai,Hyderabad, Kolkata, Mumbai and New Delhi during May2016. NISM will intimate the exact date, time and venue ofthe personal interview to the shortlisted candidates.

Cities and Towns where the test islikely to be conducted

Personal Interview

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All expenses related to appearing for the online test andpersonal interview shall be borne by the candidate. TheInstitute will not bear or reimburse any expenditure in thisregard.

The Institute reserves the right to postpone or cancel thedates of the online test and/or personal interview. Also, theInstitute reserves the right to modify/ change or cancel anytest centre and/or personal interview centre.

Candidates are also advised to visit the Institute's websitefor any updates and other information.

The maximum class strength will be 50 students. NISMreserves the right to increase or decrease the number,depending on the quality of the applications received forconsideration. Hostel accommodation may be offereddepending upon availability. Preference will be given tooutstation and lady candidates as may be decided by theInstitute.

The list of selected candidates will be displayed on theInstitute’s website onMonday, May 23, 2016. Selectedcandidates would be required to pay the first installment offees (see table of fees) on or beforeSaturday, June 25,2016. Provisional admission offered to selectedcandidates who do not pay the fees on or before thestipulated date would automatically stand cancelled.

Announcement of Selected Candidates

Sponsored Candidates

Sponsored candidates are those whose application formsare forwarded to NISM through their respectiveemployers, being eligible organizations, as described in thenext paragraph. The employer should furnish anundertaking to grant study leave to the said candidates andalso undertake to bear all the fees. Eligible organizationswould include1.Government Departments/ Public Sector Undertakings2.Public companies or Trusts registered with SEBI3.Banks/NBFCs recognized by RBI4.Insurance Companies/Intermediaries recognized by

IRDA.

A maximum of five seats are reserved for sponsoredcandidates. However, the sponsored candidates have toparticipate in the admission processes as applicable toother candidates. If the number of sponsored candidates isinadequate then the seats reserved for the sponsored

candidates may be offered to other candidates. Sponsoredcandidates are not allowed to participate in campusplacement process.

Selection Procedure

The final selection of the candidate will be based on thefollowing criteriaand weights, totalling to 100 points:

40%

NO. CRITERIA

01

02

03

20%

40%

Profilea) Academic Qualification / Performance -20%b) Work Experience - 20%

Essay

Personal Interview

WEIGHT

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Documentation

Candidates shortlisted for the interview would have toshow originals and submit self-attested photocopies of thefollowing documents at the time of interview:

1. Graduation/Post Graduation certificate issued by theuniversity/institute

2. Statement of marks of graduation/post graduationexamination issued by the university/institute

3. Date of Birth certificate (i.e., S.S.C., School LeavingCertificate or Birth Certificate issued by the Municipal/Local authority)

4. Experience certificate from the employer, if applicable

Fees and Deposits

The details of the fees, refundable deposits andnonrefundable charges payable to the Institute.

Fees

The total fee is` 3,50,000/- (Rupees Three Lakh FiftyThousand only) for the entire year. The fee is non-refundable. Students who fail to pay the fee on time couldface a penalty or could be barred from the PGPSMProgramme.

Fees are payable in two installments and Service Tax asapplicable shall be communicated to the selectedstudents.

Provisional Admission is granted to all students on theunderstanding that the final year results of theirGraduation/ Post Graduation, Degree/ Diploma shall besubmitted within reasonable time. A failure or non-submission may result in the cancellation of provisionaladmission.

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The break-up of the fee is as under:

Refundable Deposits

In addition, the admitted students are required to pay refundable deposits,subject to terms and conditions as detailed below:

Boarding and food charges will be separately intimidate to short listed students.Deposits are refundable subject to adjustment of any dues from the students.

Applicable for students availing of hostel facility. These are paid separately and directly tothe care-taker in cash every month.**Applicable to day-scholars only.

*

NO. FEE AMOUNT `

02

03

01 Tuition FeePARTICULARS

Examination Fee

Library Fee

3,30,000

10,000

10,000

NO. AMOUNT `

02

01 Library Deposit

PARTICULARS

Hostel Room Deposit*

10,000

10,000

04 2,000Alumni Association Fund (Annual)

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Educational Loan

Online Registration - Prospectus andOnline Application

Last date for Online Registration

The Institute facilitates students in securing educationalloans. At present, the Institute has arrangements to directapplicants to Credila and HDFC Bank. Arrangements withmore institutions are underway. It is to be understood thatNISM does not recommend or guarantee the loans. In theevent of any delay in securing loans, students have toarrange for their own funds to pay all the fees, deposits andcharges as per the payment schedule provided at the timeof joining the programme. However, on a later date, if theloan is secured, the amounts paid by the student will berefunded without any interest on receipt of the amounts

from the entity that has offered the loan to the student.

The Prospectus can be downloaded from the websitewww.nism.ac.in. A candidate can register online bymaking a payment of ` 1,000, electronically (non-refundable).

Please visit the website:www.nism.ac.in , for complete details.

The last date for online registration isWednesday, May11, 2016. Please DO NOT forward copies of any certificatealong with application form.

Hall Ticket for NISM Online Test

Upon completion of formalities of online registration andpayment, the hall ticket would be generated and displayedon the screen. The candidate is required to take a print ofthe hall ticket and affix a self-attested passport sizedphotograph on the hall ticket. The printed copy of the hallticket with photo affixed should be produced when thecandidate arrives at the test centre to take the onlineadmission test.

Enquiries

All enquiries may be mailed to [email protected] is hereby clarified that no candidate seeking admissionto PGPSM shall make any attempt to influence theselection process. Candidates attempting to influence theselection process would be debarred

Force Majeure

The Institute reserves the right to postpone or cancel thedates of online test and/or personal interview. Also, theInstitute reserves the right to modify/change or cancel any

test centre and/or personal interview centre.Candidates are also advised to visit the Institute's websitefor any updates and other information regularly.

Please Remember

▪ The last date for online registration is

▪ Recent Photographs have to be uploaded for OnlineRegistration

▪ Date for NISM Online Test isSunday, May 15, 2016.▪ Please visit the website www.nism.ac.in for further

updates and information

Wednesday, May11, 2016.

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IMPORTANT DATES

Admissions 2016-17

Last date for online registration

18

PGPSM ADMISSION OFFICE

NATIONAL INSTITUTE OF SECURITIES MARKETSPlot no. 82, Sector 17, Vashi, Navi Mumbai - 400703, IndiaFax: +91 22-66735110Direct: +91 22-66735125/58/61 | Mobile:+91 9930880194

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

Monday, March 21, 2016

Wednesday, May 11, 2016

Commencement of online registration

Exam Sunday, May 15, 2016

Exam Results Monday, May 23, 2016

Personal Interviews at Mumbai Sat Sun,May , May 28 29, 2016

Last date for Payment

Personal Interviews at Other Locations Sat Sun,Jun 05,, June 04 2016

&

&

Interview Results Saturday, June 11, 2016

Saturday, June 25, 2016

Programme commencement Friday, June 01, 2016

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


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NISM Bhavan, Plot No. 82, Sector 17,Vashi, Navi Mumbai - 400 703Tel: 022 6673 5100-05 | Fax: 022 6673 5110Direct: +91 22-66735125/58/61 |Mobile: +91 9930880194

National Instituteof Securities Markets

www.nism.ac.in

An Educational Initiative of SEBI

Plot No. IS-1, IS-2, Patalganga Industrial Area,Off Mumbai-Pune Express Highway,Wasambe (Mahapada)Khalapur Talluka, Raigad District, Maharashtra - 410207

Village

NATIONAL INSTITUTE OF SECURITIES MARKETAn Educational Initiative of SEBI

NISM Bhavan NISM New Campus

NISM Upcoming Campus

pgpsm prospects 2016-17

Documents