Portfolio Management Services (PMS) Distributors
For anyone distributing PMS products. Note the lighter 10% negative marking rather than the usual 25%.
Exam pattern
- Duration
- 120 min
- Total marks
- 100
- Pass mark
- 60% (60)
- Negative marking
- 10%
There is negative marking of 10% of the marks for that question, so a wrong answer costs you 0.10 marks on a 1-mark question. Guess only when you can eliminate at least two options.
Syllabus and chapter weightage
Chapter weightages below are evenly distributed — this workbook does not publish a per-chapter table in a machine-readable form. Treat them as indicative.
- 1Investments8%
- 2Introduction to securities markets8%
- 3Investing in stocks8%
- 4Investing in fixed income securities8%
- 5Derivatives8%
- 6Collective Investment Vehicles8%
- 7Role of portfolio managers8%
- 8Operational aspects of portfolio managers8%
- 9Portfolio management process Performance measurement and evaluation of portfolio8%
- 1010 managers8%
- 11Taxation Regulatory, governance and ethical aspects of portfolio8%
- 1210 managers8%
Start preparing free
Every chapter explained in plain English, then tested at three levels, with mock exams that use this paper’s real marking rules.
Create a free accountFrequently asked questions
- What is the passing mark for NISM Series XXI-A?
- You need 60% to pass NISM-Series-XXI-A: Portfolio Management Services (PMS) Distributors. On a 100-mark paper that is 60 marks.
- Is there negative marking in NISM Series XXI-A?
- There is negative marking of 10% of the marks for that question, so a wrong answer costs you 0.10 marks on a 1-mark question. Guess only when you can eliminate at least two options.
- How long is the NISM Series XXI-A exam?
- The exam runs for 120 minutes and carries 100 marks in total.
- How long is the NISM Series XXI-A certificate valid?
- NISM certifications are generally valid for 3 years from the date of passing, after which they must be renewed. Confirm the current position on nism.ac.in before your certificate lapses.