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NISM Series XXI-B: Portfolio Managers Mock Test and NISM Series XXI-B Question Bank details
The NISM-Series-XXI-B: Portfolio Managers Certification Examination establishes a standardized minimum knowledge level for principal officers and other employees of Portfolio Management Services (PMS) firms. The primary goal is to improve the overall quality of Portfolio Management Services in the industry.
Examination Objectives
Upon successfully completing the examination, candidates should:
- Possess a foundational understanding of investments, securities markets, investing in stocks, and comprehension of fixed income securities, derivatives, and mutual funds.
- Demonstrate comprehension of indices, the concept of information efficiency, behavioral finance, modern portfolio theory, and equity and fixed income portfolio management strategies.
- Grasp the role of portfolio managers, the operational aspects of portfolio management services, the portfolio management process, and performance measurement and evaluation of portfolio managers.
- Acquire orientation to taxation aspects and gain insights into the regulatory, governance, and ethical aspects related to portfolio managers.
Assessment Structure
The examination consists of 90 independent multiple choice questions and 6 caselets with 5 questions in each caselet. The assessment structure is as follows:
The NISM Series XXI-B exam has a duration of 3 hours. To pass, candidates need to achieve a score of 60%, equivalent to 90 marks out of the total 150 marks. Negative marking is applicable, with a deduction of 25% of the marks assigned to each incorrect answer.
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