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NISM Series XXI-A: Portfolio Management (PMS) and NISM XXI Question Bank details
The NISM Series XXI-A is a requisite assessment for individuals operating within the Portfolio Management Services industry, including Portfolio Managers and associated professionals. By focusing on key concepts and regulatory requirements, this certification ensures competency and adherence to industry standards, facilitating informed decision-making and effective service delivery in the PMS sector.
Examination Objectives
The examination objectives for the NISM Series XXI-A include:
- Regulatory Framework: Ensuring candidates have a comprehensive understanding of the regulatory framework governing PMS, including relevant laws, regulations, and guidelines issued by regulatory authorities such as SEBI (Securities and Exchange Board of India).
- PMS Product Knowledge: Assessing candidates’ knowledge of PMS products, including their features, characteristics, investment strategies, and suitability for different investor profiles.
- Risk Management: Evaluating candidates’ proficiency in identifying, assessing, and managing risks associated with PMS, including market risk, credit risk, liquidity risk, and operational risk.
- Client Relationship Management: Testing candidates’ ability to effectively engage with clients, understand their investment objectives, risk tolerance, and financial needs, and provide appropriate PMS solutions and advice.
- Ethical and Professional Conduct: Emphasizing the importance of ethical conduct and professionalism in the PMS industry, including maintaining client confidentiality, avoiding conflicts of interest, and adhering to industry standards and codes of conduct.
Assessment Structure
The NISM Series XXI-A will have a total of 100 marks, with 100 questions, each carrying a weight of 1 mark. Candidates are allotted 2 hours to complete the exam. Negative marking of 25% of the marks assigned to each question will be applied for incorrect answers. The passing score for the examination is set at 60%.
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