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    NISM 21A
    Which concept involves a trade-off between postponing current consumption for expected higher future consumption?

    How you’ll prepare

    01:24:36left
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    NISM 21A

    What principle should precede any discussion of desired return with an investor?

    • ARisk leads return.
    • BAnalysis leads return.
    • CTime leads return.

    Timed mock tests

    Exam-style papers on a running clock, with topic-level results after every attempt.

    68%Latest mock
    Score by mock+16
    Mock 1Mock 4

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    See how each mock compares with the last, so you know your prep is working.

    Investments48%
    Introduction to Securities…62%
    Investing in Stocks76%
    Investing in Fixed Income…84%

    Find your weak areas

    Topic-level results show where to spend your next study session.

    NISM 21A Formula Sheet

    Investments

    Introduction to…

    Investing in Stocks

    NISM 21A Revision Notes

    Investment

    Investment involves committing current savings with the expectation of receiving a higher amount in the future,…

    Introduction to…

    Investing in Stocks

    Notes and formula sheets

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    What’s included

    Your mocks, study tools and support, in one prep pack.

    Mock tests6 tests
    • NISM 21A mock test 1
      In the pack
    • NISM 21A mock test 2
      In the pack
    • NISM 21A mock test 3
      In the pack
    • NISM 21A mock test 4
      In the pack
    • NISM 21A mock test 5
      In the pack
    • NISM 21A mock test 6
      In the pack
    Notes2 PDFs
    • NISM 21A Revision Notes
      In the pack
    • NISM 21A Formula Sheet
      In the pack
    Performance analyticsTopic-level insights

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    Mock Test Series
    NISM 21A
    Portfolio Management Services (PMS) Distributors
    Exam-level difficulty
    ₹499₹79938% off

    Limited-time offer

    This course includes:

    6 full-length mock tests
    Study notes & formula sheets (2 PDFs)
    Doubt solving on WhatsApp
    Performance analytics to identify weak areas
    Access valid for 2 months

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    Take a mock. Try topic practice. Read the explanations. If the pack isn’t helping your prep, request a full refund within 7 days of purchase.

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    Syllabus covered

    12 sections · 76 topics · mock tests & practice

    Investments6 topics
    • What is Investment?
    • Investment versus Speculation
    • Investment Objectives
    • Estimating the required rate of return
    • Types of Investments
    • Channels for making investments
    Introduction to Securities Markets3 topics
    • Securities Market
    • Primary and Secondary market
    • Market Participants and their Activities
    Investing in Stocks7 topics
    • Equity as an investment
    • Diversification of risk through equity instruments
    • Risks of equity investments
    • Overview of Equity Market
    • Equity research and stock selection
    • Technical Analysis
    • Understanding Corporate Governance
    Investing in Fixed Income Securities5 topics
    • Overview of Fixed Income Securities
    • Bond Characteristics
    • Determinants of bond safety
    • Valuation of Bonds
    • Measuring Price Volatility of bonds
    Derivatives6 topics
    • Definition of Derivatives
    • Types of derivative products
    • Structure of derivative markets
    • Purpose of Derivatives
    • Commodity and Currency Futures and Options
    • Underlying concepts in derivatives
    Mutual Funds11 topics
    • Concept and Role of Mutual Fund
    • Benefits of investing through mutual funds
    • Legal Structure of Mutual Fund in India
    • Working of mutual funds
    • Types of Mutual fund products
    • Processes of investing in mutual funds
    • Legal and Regulatory Framework – Key SEBI Regulation
    • Fact Sheet - Scheme Related Information
    • Net Asset Value, Total Expense Ratio, Pricing of Units
    • Mutual Fund Scheme Performance
    • Key performance measures
    Role of Portfolio Managers6 topics
    • Overview of portfolio managers in India
    • Types of portfolio management services
    • Organizational structure of PMS in India
    • Registration requirements of a Portfolio Manager
    • General Responsibilities of a Portfolio Manager
    • Administration of investor's portfolio
    Operational Aspects of Portfolio Managers8 topics
    • Entities which can invest in PMS
    • Disclosures to the prospective clients
    • Process of On-boarding of clients
    • Direct On-boarding in PMS
    • Liability in case of Default
    • Redressal of investors grievances
    • Disclosures to the regulator
    • Costs, expenses and fees of investing in PMS
    Portfolio Management Process6 topics
    • Importance of Asset Allocation Decision
    • Understanding correlation across asset classes and securities
    • Steps in Portfolio Management Process
    • Asset allocation decision
    • Strategic versus Tactical Asset Allocation
    • Rebalancing of Portfolio
    Performance Measurement and Evaluation of Portfolio Managers10 topics
    • Parameters to define performance – risk and return
    • Rate of return measures
    • Risk measures
    • Risk-adjusted return
    • Performance Evaluation: Benchmarking and peer group analysis
    • Performance attribution analysis
    • Performance reporting to the Investor
    • Valuation of Securities by Portfolio Managers
    • Global Investment Performance Standards (GIPS®)
    • GIPS Advertisement Guidelines
    Taxation3 topics
    • Taxation of investors
    • Taxation of various streams of income
    • Section 9A of ITA
    Regulatory, Governance and Ethical Aspects of Portfolio Managers5 topics
    • Prevention of Money Laundering Act, 2002
    • SEBI (Prohibition of Insider Trading) Regulations 2015
    • SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003
    • SEBI (Portfolio Managers) Regulations, 2020
    • Best practices for portfolio managers

    A few things before you start

    Choose the pack because it fits your preparation.

    How many mock tests do I get?

    You get 6 full-length mocks.

    Is this aligned with the official NISM Series XXI-A syllabus?

    Our content targets the NISM Series XXI-A: Portfolio Management Services (PMS) Distributors exam. Always verify against the latest NISM workbook and examination notice.

    How long is my access valid?

    Purchased access is valid for 60 days from the date of purchase unless a different period is shown at checkout.

    What is the refund policy?

    We offer a 7-day money-back guarantee subject to the fair-use terms shown at checkout.

    What is the validity after purchase?

    You receive 2 months of full access.

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