Prospectus 2013-2014

You would be a specialist in securities markets by then.

MOST B-SCHOOL STUDENTS CHOOSEA SPECIALIZATION IN THEIR SECOND YEAR

PGPSM is a 1-year Post Graduate Programme withspecialization in securities markets

NATIONAL INSTITUTE OF SECURITIES MARKETS

NISM is a public trust established by the Securities and Exchange Board of India (SEBI),

the regulator of securities markets in India. It is an autonomous body governed by a

Board of Governors.

NISM envisions a catalytic role in promoting securities markets research and education,

through:

▪ Close interface with policy makers, regulators and industry participants

▪ Continuous knowledge creation, acquisition and dissemination

▪ Collaboration with the larger educational and market infrastructure to reach constitu-

encies relevant to the securities markets

To engage in capacity building among stakeholders in the securities markets through

financial literacy, professional education, certification, enhancing governance

standards and fostering policy research.

To engage in capacity building among stakeholders in the securities markets through

financial literacy, professional education, certification, enhancing governance

standards and fostering policy research.

The activities at NISM are carried out through its Six School,

These include:

▪ School for Investor Education and Financial Literacy (SIEFL)

▪ School for Certification of Intermediaries (SCI)

▪ School for Securities Information and Research (SSIR)

▪ School for Regulatory Studies and Supervision (SRSS)

▪ School for Corporate Governance (SCG)

▪ School for Securities Education (SSE)

Mission

Institute's Philosophy

BACKGROUND OF NISM

In his budget speech of February 2005, the Honourable Union Finance Minister announced that the Securities and Exchange 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 a public trust under the Bombay Public Trust Act, 1950. The mission for NISM is to add to market quality through educational and research initiatives that would support, enable and expedite an entire gamut of high quality knowledge services in the securities industry. A market for securities education and research is gradually emerging in India and abroad - partly due to the buoyancy in the securities industry and partly because of the regulatory efforts to create minimum competency levels for securities industry professionals. NISM intends to play a catalytic role in addressing these needs. Given the uniqueness of India and other developing markets, such intervention would follow the twin approaches of accessing and disseminating the relevant existing knowledge and creating new knowledge that is more specific and appropriate for developing markets. With no other institute in the Asian region that seeks to address as wide a canvas, NISM stands uniquely poised to become an institution that would not only serve the securities markets in India but could also assume a pan Afro-Asian purpose.

Mr. U. K. SinhaChairman, SEBI (Chairman, Board of Governors)

Mr. Rajeev Kumar AgarwalWhole Time Member, SEBI

Mr. Prashant SaranWhole Time Member, SEBI Mr. Anup WadhawanJoint Secretary (Capital Markets),Department of Economic Affairs,Ministry of Finance, New Delhi

Mr. P. K. NagpalExecutive Director-SEBI and Director-NISM

Mr. Uday KotakVice Chairman & Managing Director, Kotak Mahindra Bank Ltd.

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

Mr. R. M. MallaChairman & Managing Director, IDBI Bank Ltd.

Dr. Anil KhandelwalFormer Chairman of Bank of Baroda Mr. M. S. SahooAdvocate

Board of GovernorsAs on March 5, 2013

Dr. Pritam SinghDirector General, International Management Institute (IMI), New Delhi

Prof. R. VaidyanathanProfessor of FinanceIndian Institute of Management, Bangalore

Dr. Sanjay KallapurSenior - Associate Dean, Faculty and Research, Indian School of Business, Hyderabad

Dr. Ajay ShahProfessor, National Institute of Public Finance and Policy, New Delhi

Mr. P. K. NagpalDirector, NISM (Chairman, Academic Council)

Mr. G. P. GargRegistrar, NISM

SCHOOL FOR SECURITIES EDUCATION (SSE)

NISM articulates and implements its mission of improving market 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 to provide education for preparing competent professionals who will serve the securities markets.

The last few years have seen a demand for securities professionals who are equipped with a wider repertoire of knowledge and skills. This demand has been spurred by the challenges posed by the growing Indian economy and the expanding securities markets. With the Indian economy growing consistently at over 5%, many Indian companies are scaling up their activities in India and abroad. This has necessitated a greater need for corporations to access the securities markets. The overall economic growth has also witnessed many Indian corporations attracting domestic and foreign investments through listings in India and overseas.

As the Indian economy grows and as Indian investors seek

to participate more in the capital markets, the Indian stock

exchanges, mutual funds, investment bankers, analysts

and stock brokers would play an even more vital role in

meeting the enhanced expectations of various

stakeholders.

With its proximity to policy makers and professionals in

the securities market community, SSE is uniquely

positioned to provide educational programmes that will

create new age securities markets professionals.

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Post Graduate Programme in Securities Markets (PGPSM)

Programme Design and Content

Learning Environment

Placement Facilitation

Academic Team

Testimonials

Admission Procedure

Important Dates

About PGPSM

Value Addition from PGPSM

Target Audience

Programme Architecture

Student Performance and Evaluation Criteria

Infrastructure

Accommodation and Residential Facilities

Systems Support

Library

Notebook Computer

Awards

Industry Interaction

Full-time

Visiting Faculty

Alumni

Eligibility Criteria

NISM Online Test

Cities and Towns where the test is likely to be conducted

Personal Interview

Selection Procedure

Announcement of Selected Candidates

Sponsored Candidates

Documentation

Fees and Deposits

Educational Loan

Online Registration-Prospectus and Online Application

Last date for Online Registration

Hall Ticket for NISM Online Test

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CONTENTS

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

Informal estimates indicate that the securities markets would require about 32,000 professionals every year. The required skill-sets could be grouped as follows: (1) Fund Management, Analysis and Dealings (2) Sales, Product Management and Brand Manage-ment (3) Operations and Services (4) Information Technology (5) Compliance and (6) Financial Advice and Planning.

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

PGPSM is a one-year full time Post-Graduate Programme aimed at creating next generation securities markets professionals.

About Post Graduate Programe in Securities Markets (PGPSM)

Value Addition from PGPSM

Target Audience

Programme Architecture

By completing the PGPSM, students would be able to: ▪ Abstract the building blocks of the securities markets,

understand them conceptually, and develop the capability to design solutions that meet specific requirements

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

▪ Develop a well - rounded, complete understanding of securities markets

The target audience includes:▪ Graduates and post-graduates aspiring for careers in

securities markets▪ Executives seeking careers or career switches related to

securities markets

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

POST GRADUATE PROGRAMME IN SECURITIES MARKETS (PGPSM)

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Securities Analysis &Valuation

Econometrics & TimeSeries Analysis

Portfolio Management

Derivatives & RiskManagement

Mutual Funds

Fixed Income Securities

Statistics for Finance

Financial Accounting &Reporting

Financial Institutions &Markets

Corporate Finance

Economics

Mathematics for Finance

Term IConceptual Phase

Term IIApplication Phase

Term III

Advanced Application PhaseTerm IVIndustry Interaction Phase

Global Financial Markets

Regulation - Theory &Practice

Mergers, Acquisitions &Corporate Restructuring

Financial Modelling

Corporate Governance

Internship

Project Dissertation

Seminars

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

In addition to the above, students gain exposure through several workshops on contemporary topics such as IFRS, XBRL, Simulated Trading, Market Microstructure, Behavioural Finance etc.

During Terms I to III, students are expected to study a total of 18 courses of 1 full credit each. Each credit would mean approximately 30 hours of classroom inputs.

In Term IV, commencing from April 16, 2013 students are required to undertake an internship project with an organization where they are placed as executives/interns in the securities industry. The Project Dissertation which carries 2 credits, it is to be submitted before May 31, the concluding day of Term IV. Students are free to join their respective organizations on or after April 16 each year.

PROGRAMME DESIGN AND CONTENT

The 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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Accommodation and Residential Facilities

Systems Support

Library

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

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

Students of PGPSM will have access to a library which holds a collection 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 holds more than 7,600 books and researchers all over the country have benefited from it. NISM constantly endeavours to enhance its collection of books, journals and even films pertaining to the security markets. Through Science-Direct, the library provides access to all the leading academic journals in F inance , Economics , Bus iness and Management. In addition to the above, the library subscribes to periodicals relevant to the securities markets. PGPSM students would be provided library cards, enabling them to take 2 books at a time, for a duration of one week. As regards prescribed text books, each student would be provided a personal copy as part of the study kit.

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LEARNING ENVIRONMENT

Student Performance and Evaluation Criteria

Infrastructure

PGPSM is a rigorous programme pegged at the level of post graduation, leading to the award of PGPSM. The programme is specially designed to raise the professional standards of students. The PGPSM will be awarded on the basis of the student's 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▪ 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 six floors. The Institute has high quality infrastructure consisting of classrooms, library, canteen and lounges located on various floors of the building. NISM also has a fine auditorium with a seating capacity of 150.

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

NISM draws upon the cream of academia and industry for providing cutting-edge inputs in the Securities markets domain.

A wide range of pedagogical approaches is deployed. The learning environment is further stimulated by use of technology such as Databases (Bloomberg, Capitaline, Prowess), Application Software (Matlab, SAS, R) and Simulated Trading with streaming data. Students are provided with internationally benchmarked textbooks. Additionally, the library is exclusively dedicated towards finance, securities markets and related areas with an up-to-date collection of books and scientific journals. Book reviews, films related to Wall Street and experiential learning through interactions with industry experts complement the learning process.

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PLACEMENT FACILITATION

NISM does not guarantee placements. However, NISM provides assistance for placement by inviting prospective recruiters for careers in Finance and Securities Markets. NISM received good support and encouragement from industry.

Other organizations that expressed their interest:

▪ ▪ Aranca▪ Axis AMC▪ Bloomberg▪ BNP Paribas MF▪ Canara Robeco▪ Deutsche Bank▪ Dolat Capital▪ Elara Capital▪ Franklin Templeton▪ Globeop▪ Inga Capital▪ LKP Finance▪ MCX-SX▪ Pramerica ▪ Principal Retirement Solutions▪ Tata Capital▪ World Bank

Angel Broking

Our alumni have earned a name for themselvesand NISM in the following organisations:

▪ A. K. Capital▪ Asit C. Mehta Intermediaries Ltd.▪ Bank of America▪ CARE Ratings▪ Capgemini▪ Credit Suisse▪ Darashaw & Co. Ltd.▪ ICICI Bank Ltd.▪ ICRA Management Consulting Services Ltd.▪ India Nivesh▪ I-Peritus▪ IRIS Business Solutions Ltd.▪ JMN Investment Research Ltd.▪ JP Morgan▪ Markit▪ Nomura▪ SES Governance▪ SWIFT▪ Syntel▪ Thomson Reuters

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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 Gold Medal sponsored by State Bank of India and a cash award of ̀ 1 lakh.

NISM invites number of practitioners from industry for interaction with the students of PGPSM to provide their insights and share their experiences. This platform provides an opportunity for students to have a practical exposure for securities industry operations and nuances.

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

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Full-time

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. Additionally 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 2 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. S. Rachappa, Associate Professor

Dr. Rachappa is an M.Com (Accounting, University Rank-holder) and PhD (Life Insurance) from Osmania University. He is a member of the American Accounting Association (AAA) and the Indian Accounting Assocation. He has conducted training programmes for the officers of the Securities Exchange Board of Exchange (SEBI). Prior to joining NISM, was an Associate Professor at Narsee Monjee Institute of Management Studies (Deemed University), Mumbai, and prior to that, a full-time faculty member at Osmania University College of Commerce and Business Management. He was a visiting faculty at National Institute of Industrial Engineering (NITIE) and the School of Business Management at Jawaharlal Nehru Technical University (JNTU). He has consistently obtained high ratings from past students of MBA and CFA Institute (USA). He was the recipient of Indian Accounting Association’s Young Researcher Award for the year 2008-09 and also ICFAI's Daily Telegraph Best Research Paper Award in 2008. He specializes in Financial Reporting, Analysis and Forensic Finance. He also has interests in the

life insurance sector. He has presented more than 20 research papers in national and international

conferences and has 5 research publications in his name. He has conducted peer reviews of two

research articles for Vikalpa, the Journal published by IIM

Ahmedabad.

ACADEMIC TEAM

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Dr. K Kiran Kumar, Assistant Professor

Dr. Kiran Kumar holds a PhD in Finance from the Indian Institute of Science, Bangalore and an MA in Economics from Hyderabad Central University. His research focuses on Market Microstructure, Derivatives, and Applied Financial Econometrics. He has received five Best Paper awards in national and international conferences and has published ten research papers. He has delivered lectures at several research workshops including SAS Workshop for Researchers at Indian School of Business, Structural VAR Models at RBI Staff College, and Econometrics Workshop of Indian Econometric Society. Earlier, he was with the Centre for Analytical Finance, Indian School of Business as Senior Researcher and Researcher at ICICI Research Centre, Chennai. He is also associated with the School for Securities Information and Research in building the Network for Securities Market Data.

Dr. Poonam Mehra, Assistant Professor

Dr. Poonam Mehra holds a PhD in Economics from the

Indira Gandhi Institute of Development Research (IGIDR),

Mumbai. She has been a PhD scholar at University of

Hamburg under the European Union's Asia Scholarship

Programme (December 2006 - July 2008). She is a Gold

medallist in Economics (MSc) with specialization in

Econometrics and Industrial Organization. She has been

awarded National scholarship at different levels of her

academic career. Her teaching interests include

Economics for Securities Markets, Mergers &

Acquisitions, Econometrics and Regulation in Securities

Markets. She has been a guest faculty at IICM, NIBM and

Azim Premji University. She also teaches in Management

Development Programmes and SEBI programmes. Her

research interests include Applied Econometrics,

Corporate Finance, Institutional Economics and Applied

Game Theory. She has published papers in international

journals and has presented her research work in several

international conferences and workshops. She is a

reviewer for international journals. She has been involved

in policy-oriented research and consultancy projects for

Ministry of Finance, Securities

Exchange Board of India and IGIDR

Finance Group. She has served as a

committee member for sponsored projects

of Ministry of Finance.

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. Prior to Joining NISM, he 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 B-Schools 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

softwares.

Ms. Kavitha Ranganathan, Academic Associate

Ms. Kavitha Ranganathan is an MPhil and a Post Graduate

in Commerce (Mumbai University). She is currently

pursuing a PhD in Behavioral Finance. Prior to joining

NISM, she worked as a Research Associate at IIM

Bangalore. At NISM, she is primarily associated with the

School for Securities Education (SSE), and research

projects at NISM. Her research interests are in Behavioural

Finance, Experimental Economics and Decision Making

Approaches. She is also involved in policy-oriented

research projects for Ministry of Finance, Securities and

Exchange Board of India (SEBI) and IGIDR Finance Group.

She has presented her research work at international and

national conferences and won the best paper award at the

IISc COSMAR Conference.

Ms. Shobana Balasubramaniam, Academic Associate

Ms. Shobana Balasubramaniam is an MSc in Economics

from Indira Gandhi Institute of Development and Research

(IGIDR) and Economics-Statistics graduate from Mumbai

TESTIMONIALS

Alumni

Within a short span of time, NISM has a list of illustrious Alumni from its very first batch (20010-11). Their experience at NISM is briefly reproduced in the following paragraphs.

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 pages financial database for 47 US listed restaurant companies having market capitalisation more than $50 million) which I prepared for one of my client US investment bank (Piper Jaffery), got published in US last month. Currently, I am working on Spin off valuation of US companies across all sectors and also prepare reports on them. So far everything is fine and challenging.

Balasubramanian Srinivasan, TAMP

I am glad to inform you sir, that I have been selected as Member (Finance) in Tariff Authority for Major Ports, Mumbai, a Port Regulatory Authority under Ministry of Shipping in the Rank and Pay of Additional Secretary to Govt of India. The PGPSM course subjects were very helpful to me while attending the interview. I wish to convey my heartiest thanks to all the Faculty members and management of NISM.

Bipul Sinha, JMN Investment Research

I am very pleased to inform you that I have passed level 2 of CFA exam. Its been a very fruitful and an exciting year (i.e. 10 months to be exact) for me at NISM. I really enjoyed the experience and had a great time. I joined NISM 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 in December and level 2 in June. Here, at JMN Investments, I am working on Aircraft ABS models. The work is good and challenging. I am travelling to US next weekend related to my work. It would be a good learning experience to work in a US investment bank. I am thankful to all in realizing my goals.

Vinayaka Muppanna, IRIS Business Solutions

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

Nagesh Nayak, Capgemini

NISM, though a skeptical choice at that time, was an experiment. I am proud to say today has dispelled my initial reservations of not being robust and course content specific. In retrospection, it 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 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 other facilities. We have learnt a lot of things in one year of our stay in NISM. We have been taught all subjects related to capital markets in a very efficient way and can say our knowledge of the financial sector is as good as of any high class B-School. This one year course is really worth the money. Many of us got placement also before April, which saved our opportunity cost also. I hope it will continue to do the same. NISM gives a huge opportunity in research oriented jobs, consultancy, IT etc. Wish you very best of luck for the next batches. I am really proud of calling myself as Alumni of this prestigious institute.

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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.

Mr. B. Venkatesh

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 Behavioural 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.

Dr. M. Venkateshwarlu

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.

Dr. Kavitha Laghate

Dr. Kavitha Laghate, MSc (Statistics) and PhD, the Director at Jamnalal Bajaj Institute of Management Studies, Mumbai. Her areas of interest are Statistics and Quantitative Finance.

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 specialisation are Corporate Laws, Securities Markets Regulation and Mergers & Acquisitions.

Mr. Ramesh B. Thimmaraya

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 areas of Applied Mathematics, Quantitative Finance and Economics. Two of his re-search 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.

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University. She has been involved in research projects for

Ministry of Finance and Securities and Exchange Board of

India (SEBI). She has been invited by St. Xaviers' College,

Mumbai to conduct sessions in Time Series Analysis. Her

research interests include International Economics,

Applied Econometrics and Policy Research.

Dr Rachana Baid, Adjunct Associate Professor

Dr. Rachana Baid is an M.Com (Gold medalist) and 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.

ADMISSION PROCEDURE

Eligibility Criteria

NISM Online Entrance Test

Minimum qualification

A bachelor's degree from a recognised Indian university or equivalent with a minimum of 50% in aggregate.

Age

There is no age limit for the programme, but it is desirable that the candidate is below 30 years of age.

Entrance Test

Candidates have a choice of using the NISM Online Entrance Test or other Test scores specified in the paragraph below.

Candidates having valid Test scores in the top 30 percentile of GMAT/XAT are eligible to apply. Other candidates may appear in the NISM Online Entrance Test.

The duration of the test would be 120 minutes and the maximum marks are 100. The online test would attempt to assess 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 with four choices. Each correct answer would carry one mark. There would be negative marking of 0.25 for every wrong answer.

An applicant is required to register for the online test at a test centre in select cities and towns as would be indicated on the NISM website. The test will be conducted on April 28, 2013 (Sunday). For guidance on choice and availability of online test centre, kindly refer to the following section on test centres.

All candidates are required to carry ANY ONE of the following 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 to the test administrator on demand. NISM reserves the right to seek additional identification details, if necessary.

The online tests would be carried out in the following cities/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 or falls well below the capacity of the test centre, NISM reserves the right to shift the candidates to another test centre and the same would be intimated to the respective candidates by NISM. Candidates are required to report at the test centre so intimated at the appropriate date and time for taking the online test.

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

Candidates will be shortlisted on the basis of marks obtained in (1) Profile and (2) Performance in the Online Test for a personal interview. The shortlisted candidates will be intimated through email and/or letters. Personal interviews are likely to be held at Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai and New Delhi during May 2013. NISM will intimate the exact date, time and venue of the personal interview to the shortlisted candidates.

Cities and Towns where the test is likely to be conducted

Personal Interview

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All expenses related to appearing for the online test and personal interview shall be borne by the candidate. The Institute will not bear or reimburse any expenditure in this regard.

The Institute reserves the right to postpone or cancel the dates of the online test and/or personal interview. Also, the Institute 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 website for any updates and other information.

The maximum class strength will be 50 students. NISM reserves the right to increase or decrease the number, depending on the quality of the applications received for consideration. Hostel accommodation may be offered depending upon availability. Preference will be given to outstation and lady candidates as may be decided by the Institute.

The first list of selected candidates will be displayed on the Institute's website on May 28, 2013. Selected candidates would be required to pay the first installment of fees (see table of fees) on or before June 11, 2013. Provisional admission offered to selected candidates who do not pay the fees on or before the stipulated date would automatically stand cancelled.

The second list of selected candidates will be announced on the Institute's website on June 12, 2013 subject to availability of seats. Selected candidates in the second list would be required to pay their tuition fees and complete all formalities before June 25, 2013. If a candidate does not complete the formalities within the date specified, the admission would automatically stand cancelled.

Announcement of Selected Candidates

Sponsored Candidates

Sponsored candidates are those whose application forms are forwarded to NISM through their respective employers, being eligible organizations, as described in the next paragraph. The employer should furnish an undertaking to grant study leave to the said candidates and also undertake to bear all the fees. Eligible organizations would include 1.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 sponsored candidates. However, the sponsored candidates have to participate in the admission processes as applicable to other candidates. If the number of sponsored candidates is inadequate then the seats reserved for the sponsored candidates may be offered to other candidates. Sponsored candidates are not allowed to participate in campus placement process.

Selection Procedure

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

40%

NO. CRITERIA

01

02

03

20%

40%

Profile

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

Essay

Personal Interview

WEIGHT

12

Documentation

Candidates shortlisted for the interview would have to show originals and submit self-attested photocopies of the following documents at the time of interview:

1. Graduation/Post Graduation certificate issued by the university/institute

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

3. Date of Birth certificate (i.e., S.S.C., School Leaving Certificate 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 and nonrefundable charges payable to the Institute.

Fees

The total fee is ` 2,50,000/- (Rupees Two Lakhs Fifty Thousand only) for the entire year. The fee is non-refundable. Students who fail to pay the fee on time could face a penalty or could be barred from the PGPSM Programme.

Fees are payable in two installments and Service Tax as applicable shall be communicated to the selected students.

Provisional Admission is granted to all students on the understanding that the final year results of their Graduation/ Post Graduation, Degree/ Diploma shall be submitted within reasonable time (Say, October 3, 2013). A failure or non-submission may result in the cancellation of provisional admission.

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:

Non-Refundable Deposits

The students are also required to pay the following charges which are not-refundable.

Applicable for students availing of hostel facility. All hostel rooms are non-A/C.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 to

the care-taker in cash every month.**Applicable to day-scholars only.

*

NO. FEE AMOUNT `

02

03

01 Tuition Fee

PARTICULARS

Examination Fee

Library Fee

2,30,000

10,000

10,000

NO. AMOUNT `

02

01 Library Deposit

PARTICULARS

Hostel Room Deposit*

10,000

10,000

NO. AMOUNT `

02

03

01

PARTICULARS

2,000

3,000

Alumni Association Fund (Annual)

Boarding Charges*

Hostel Rent (monthly)

Lunch & Tea charges per month ** 04

To be paid at actual monthly

To be paid at actual monthly

1413

IMPORTANT DATES

Last date for Online Registration

Online Test

Announcement of online test results

Personal interviews

Announcement of first list of selected candidates

Payment of fees by first list of candidates

Announcement of second list of selected candidates

Payment of fees by second list of candidates

Last date of completing all formalities and registration

Programme Commencement and Orientation week

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

PGPSM Admission Office:

NATIONAL INSTITUTE OF SECURITIES MARKETSPlot no. 82, Sector 17, Vashi, Navi Mumbai - 400703, IndiaTel: +91 22-66735100-05 (Board) | Fax: +91 22-66735110

Email: pgpsm@nism.ac.inWebsite: www.nism.ac.in/pgpsm

April 23, 2013

April 28, 2013

May 3, 2013

May 11-12 & 18-19, 2013

May 28, 2013

June 11, 2013

June 12, 2013

June 25, 2013

June 25, 2013

June 26, 2013

16

Commencement of Online Registration April 02, 2013

Educational Loan

Online Registration - Prospectus and Online Application

Last date for Online Registration

The Institute facilitates students in securing educational loans. At present, the Institute has arrangements to direct applicants to Credila and HDFC Bank. Arrangements with more institutions are underway. It is to be understood that NISM does not recommend or guarantee the loans. In the event of any delay in securing loans, students have to arrange for their own funds to pay all the fees, 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 amounts paid by the student will be refunded 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 website www.nism.ac.in/pgpsm. A candidate can register online by making a payment of ` 1,000, electronically (non-refundable).

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

The last date for online registration is April 23, 2013. Please DO NOT forward copies of any certificate along with application form.

Hall Ticket for NISM Online Test

Upon completion of formalities of online registration and payment, the hall ticket would be generated and displayed on the screen. The candidate is required to take a print of the hall ticket and affix a self-attested passport sized photograph on the hall ticket. The printed copy of the hall ticket with photo affixed should be produced when the candidate arrives at the test centre to take the online admission test.

Enquiries

All enquiries may be mailed to pgpsm@nism.ac.in.It is hereby clarified that no candidate seeking admission to PGPSM shall make any attempt to influence the selection process. Candidates attempting to influence the selection process would be debarred

Force Majeure

The Institute reserves the right to postpone or cancel the dates of online test and/or personal interview. Also, the Institute 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 website for any updates and other information regularly.

Please Remember

▪ Last date for Online Registration is April 23, 2013 (Tuesday)

▪ Recent Photographs have to be uploaded for Online Registration

▪ Date for NISM Online Test is April 28, 2013 (Sunday)▪ Please visit the website www.nism.ac.in/pgpsm for

further updates and information

15

NISM Bhavan, Plot No. 82, Sector 17, Vashi, Navi Mumbai - 400 703 Tel: 022 6673 5100-05 | Fax: 022 6673 5110 www.nism.ac.in

www.nism.ac.in/pgpsm

NATIONAL INSTITUTE OF SECURITIES MARKETS

Apply Online: