Portfolio Management Service (PMS)
Exams To Qualify As A Portfolio Manager
To become a portfolio manager in India requires a lot of studies. You need to prepare for an examination i.e, National Institute of Securities Market (NISM) launched NISM-Series-XXI-A: Portfolio Management Services (PMS) Distributors Certification Examination.
After successfully completing the PMS Distributors Certification Examination, the candidate should:
(a)Know the fundamentals of investments, securities markets, making an investment in stocks, know-how constant profits securities, derivatives and mutual funds.
(b)Understand the function of portfolio managers, operational factors of portfolio control offerings and approximately the portfolio control process, overall performance measurement and assessment of portfolio managers.
(c)Get oriented to the taxation factors and regulatory, governance and moral factors of portfolio managers and PMS distributors.
Structure of exam:
The exam comprises 80 multiple choice questions and 3 questions based on various cases.
Hence, 80*1= 80 marks + 2*5*1 (2 cases comprising 5 questions of 1 mark each)= 10 marks + 1*5*2(1 case comprising 5 questions of 2 marks each) = 10 marks.
The duration of the exam is 2 hours. The pass mark is 60. Moreover, negative marking of 0.25 of the marks assigned to a question is applicable.