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NiSM

NATIONAL INSTITUTE OF SECURITIES MARKETS


(Established by the Securities and Exchange Board of India)

Certified Securities Markets Professional (CSMP)


One-year Full Time Post Graduate Programme in Securities Markets
Batch 2010-2011

PROSPECTUS
Board of Governors
Mr. C.B. Bhave, Chairman, SEBI (Chairman, Board of Governors)
Dr. K.R.S. Murthy, Former Director, IIM Bangalore
Mr. M.S.Sahoo, Whole Time Member, SEBI
Dr. K.M. Abraham, Whole Time Member, SEBI
Mr. Y.C. Deveshwar, Chairman, ITC Ltd.
Mr. M.B.N. Rao, Former Chairman & Managing Director, Canara bank
Mr. Pratip Kar, Member Advisory Council & Consultant, Global Corporate Governance Forum-IFC
Dr. Mohan Gopal, Director, NJA, Bhopal
Mr. Rafiq Dada, Senior Advocate
Prof. G.Sethu (In-Charge, NISM)

Academic Council
Prof. G. Sethu, In-Charge, NISM
Dr. Sanjay Kallapur, Associate Dean, ISB, Hyderabad
Dr. Ajay Shah, Professor, NIPFP, New Delhi
Prof. R. Vaidyanathan, Professor of Finance, IIM Bangalore
Dr. Pritam Singh, Professor in Organizational Behaviour, MDI, Gurgoan

Vision
To lead, cataly
ze and deliver
securities marke educational init
ts. iatives to enha
nce the quality
of
Mission
To engage in ca
pacity building
through financia among the stak
l literacy, profes eholders in the
and fostering po sional education, securities marke
licy research. enhancing govern ts
ance standards

Belief
NISM envision
s a catalytic ro
education, throug le in promoting
h: securities marke
• Close interfac ts research and
e with policy mak
• Continuous kn ers and regulato
owledge creation rs
• Enabling stak and disseminatio
eholders to enha n
research based in nce knowledge,
puts sk ill and awarenes
• Serving as a s through
role model for ot
the quality of in her institutions
teraction in secu in and outside I
rities markets ndia to enhance
Contents
Certified Securities Market Professionals (CSMP) Programme
A One Year Full Time Post Graduate Programme in Securities Markets

1. National Institute of Securities Markets


1.1 Institute’s Philosophy
1.2 Team at NISM

2. School for Securities Education (SSE)

3. The CSMP Programme


3.1 Program Objective
3.2 Target Audience
3.3 Programme Architecture
3.4 Programme Design and Content
3.5 Evaluation and Award of CSMP Certificate

4. Eligibility and Admission Procedure


4.1 Eligibility Criteria
4.2 Admission Procedure
4.3 Fees and Deposits
4.4 Education Loan
4.5 Online Registration – Prospectus and Online Application
4.6 Last Date for Online Registration
4.7 Hall Ticket
4.8 Enquiries
4.9 Important Dates
4.10 Force Majeure

5. General Information
5.1 Placement Facilitation
5.2 Visiting Faculty
5.3 Infrastructure

6. Activities at NISM
6.1 Conferences
6.2 Certificate Examinations
6.3 Executive Educations and Workshops
6.4 Research Initiatives
6.5 International Linkages
6.6 Other Course Offered

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1. National Institute of Securities Markets
The Hon’ble Union Finance Minister, in his budget speech in February 2005, announced that the Securities
and Exchange Board of India (SEBI) would establish an institute to undertake securities market education and
research. In pursuance of this mandate, SEBI has established the National Institute of Securities Markets (NISM)
in Mumbai as a public trust under the Bombay Public Trusts Act, 1950. It is an autonomous body governed by
its Board of Governors. An international Advisory Council provides strategic guidance to NISM. By establishing
NISM, SEBI has envisioned a large and far reaching initiative to articulate the desire expressed by Government
of India to promote securities market education and research. It is a unique experiment in the development of
a nascent branch of knowledge relevant to emerging securities markets. Towards accomplishing the desire of
Government of India and vision of SEBI, NISM has launched an effort to deliver financial and securities education
at various levels and across various segments in India and abroad.

NISM seeks to add to market quality through educational and research initiatives. A market for securities
education and research is gradually emerging in India and abroad. These initiatives have been spurred partly
because of the buoyancy in the securities industry and partly due to the regulatory efforts to mandate minimum
competency levels for securities industry professionals. NISM intends to play a catalytic role in addressing these
needs. As there is no Institute in the Asian region that seeks to address as wide a canvas as proposed by NISM,
it is conceived as an institution that would serve not only the securities markets in India but could assume a pan-
Asian purpose. NISM is envisaged as an intervention that would support, enable and expedite an entire gamut
of high quality knowledge services in the securities industry. Given the uniqueness of India and other emerging/
developing markets, such intervention would follow twin approaches of accessing/disseminating the relevant
existing knowledge and creating new knowledge that is more specific and appropriate for emerging markets.
NISM would articulate and implement cost-effective strategies of reaching this knowledge to the intended
audience.

Activities at NISM revolve around the six schools, each with specific domain presence within the securities
markets, as under:
1. School for Investor Education and Financial Literacy
(SIEFL)
2. School for Certification of Intermediaries (SCI)
3. School for Securities Information and Research (SSIR)
4. School for Regulatory Studies and Supervision (SRSS)
5. School for Corporate Governance (SCG)
6. School for Securities Education (SSE)

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1.1 Institute’s Philosophy
Vision

To lead, catalyze and deliver educational initiatives to enhance the quality of securities markets.

Mission

To engage in capacity building among the stakeholders in the securities markets through financial literacy,
professional education, enhancing governance standards and fostering policy research.

Belief

NISM envisions a catalytic role in promoting securities markets research and education, through:

• Close interface with policy makers and regulators

• Continuous knowledge creation and dissemination

• Enabling stakeholders to enhance knowledge, skill and awareness through research based inputs

• Serving as a role model for other institutions in and outside India to enhance the quality of interaction in
securities market

1.2 Team at NISM


Academic Team

Prof. G. Sethu, In Charge of NISM

Prof. Sethu has 30 years of experience in teaching, research, advisory, and administration. He has B.Tech
(Honours) from Indian Institute of Technology, Kharagpur; M. Tech from Indian Institute of Technology, Madras
and Doctorate in Management with finance specialization from Indian Institute of Management, Ahmedabad. He
has served in Indian Administrative Service (IAS) during 1981-1991.

Prof Sunder Ram Korivi, Professor

Prof. Korivi has MA (Economics & Political Science), PhD (Mumbai), Fellow of the Institute of Chartered Accountants
of India, Associate of the Institute of Cost & Works Accountants of India and Associate of the Insurance Institute of
India. He was a full-time faculty member at SP Jain Institute of Management and Professor at NMIMS, where he
served as Heads of Departments of Finance and Economics and Dean of the School of Business Management
at NMIMS University. He has also served on the various Boards of the University, viz. Board of Management,
Advisory Board, Planning & Monitoring Board and as the Convener of the Academic Council. His interests
are in the fields of Financial Reporting, Financial Institutions & Markets and Fixed Income Securities. He has
conducted policy-oriented research for the Central and State Government. He has lectured at several institutions
of national importance, such as the RBI Bankers’ Training College, National Institute of Bank Management, GIC,
SPBT Bankers Training College, LIC Management Development Centre, National Insurance Academy, NITIE,
and Indian Institute of Capital Markets. In addition to authoring papers in National Journals and International
Conference Papers, he has guided and refereed Ph.D. studies.

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Dr. K Kiran Kumar, Assistant Professor

Dr. Kiran Kumar holds a PhD in Finance from Indian Institute of Science, Bangalore after completing M A (Economics)
from Hyderabad Central University. Dr. Kiran’s research focuses on market microstructure, derivatives, applied
financial econometrics. He received five best paper awards in national and international conferences and has ten
research papers. He delivered lectures in several research workshops including SAS Workshop for Researchers
at Indian School of Business; Structural VAR Models at RBI Staff College; Econometrics Workshop of Indian
Econometric Society. Formerly, Dr. Kiran was with Centre for Analytical Finance, Indian School of Business as
Senior Researcher; Researcher at ICICI Research Centre, Chennai. At NISM, Dr. Kiran is associated with School
for Securities Information and Research and involved in building Network for Securities Market Data.

Ms. Poonam Mehra, Assistant Professor

Ms. Poonam Mehra, PhD (submitted) from Indira Gandhi Institute of Development Research, Mumbai, is
currently working as an Assistant Professor in NISM. She has been a PhD scholar in University of Hamburg
under European Union’s Asia link Scholarship Programme (December, 2006-July, 2008). She is a gold medalist
in Economics (MSc) with specialization in Econometrics and Industrial Organization. Her research interests
include Applied Econometrics, Corporate Finance, Institutional Economics and Applied Game Theory. She has a
refereed publication in the area of applied econometrics and three research papers under review for publication,
apart from some working papers. She has presented her research work in several international conferences and
workshops in different parts of Europe.

Mr. Nitin Tike, Resource Person

Prof Nitin Tike is a B.Sc. and holds an MBA-Finance from Pune University. He is currently Professor in Finance
at Bharati Vidyapeeth Institute of Management & Research Studies, Navi Mumbai. Prior to this, he has been
associated with the financial sector in various positions at Wiezmann, Mafatlal Finance, Mafatlal Securities and
India Infoline. His total experience in the financial sector is 19 years.

Mr. Suneel Sarswat, Academic Associate

Mr. Sarswat is an MSc in Statistics and Informatics from the Department of Mathematics at IIT Bombay. He
has worked with Bank of America on Financial Analytics with a keen interest on Computational Finance. He
is well versed in Visual Basic, C++, Matlab, R, PERL and other programming languages useful in Financial
Engineering.

Ms. Kavitha Ranganathan, Academic Associate

Ms. Kavitha Ranganathan is an M.Phil and Post Graduate in Commerce (Mumbai University), pursuing PhD from
Indira Gandhi National Open University, New Delhi. She is currently working as an Academic Associate at NISM
and is primarily associated with School for Regulatory Studies and Supervision, CSMP and Research projects at
NISM. She has been a research associate at Indian Institute of Management Bangalore (IIMB) and her research
interests are in Behavioral Finance, Experimental Economics and Behavioral Decision Making Approaches.

Mr Rajnish Kumar, Academic Associate

Mr Rajnish Kumar is a BA (Honours) from Delhi University and an M.Sc. in Economics from Indira Gandhi Institute
of Development and Research. He is an Academic Associate and is primarily associated with NISM in activities
such as the Financial Engineering Programme, Development of content for Newsletters and Research projects,
Workshops on Econometrics and Computational Finance and Executive Development Programmes.

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Ms. Shobana Balasubramaniam, Academic Associate

Ms. Shobana Balasubramaniam is an Economics-Statistics  graduate from Mumbai university and an M.Sc in
Economics from Indira Gandhi Institute of Development and Research. She has joined NISM as an Academic
Associate and is primarily associated with CSMP, Test Administration, Development of content for Newsletters
and Research projects.

Administration

Mr. M. L. Soneji, Registrar

Mr. Soneji has over 22 years of experience in the Securities Market in managing the Stock Exchanges with
expertise in core functions viz. Trading Operations, Clearing & Settlement, Risk Management, Surveillance,
Investigation, Compliance, etc., besides over 14 years of experience in corporate.  He has been part of various
committees set up by SEBI, both responsible for policy as also operational aspects.  He was a member of Mr. M.
R. Mayya Committee on ‘Uniform Rules and Bye-laws for Stock Exchanges’ and Dr. K. R. Chandrate Committee
on ‘Delisting of Security’. He was also a member of Board of Directors of IISL, Calcutta Stock Exchange Ltd.,
Clearing Corporations established by Stock Exchanges, Councils for Equity Derivative Segment as well as
for Currency Derivative Segment, Trustee of Investors’ Protection Fund, etc.  He is a Fellow Member of The
Institute of Company Secretaries of India, New Delhi,  holds Masters Degree in Commercial Laws, and  post
graduate qualifications in Finance.  He has been occasionally giving talks on subjects relating to Securities Markets
at School of Management under the auspices of Gujarat University, UTI Capital Markets and other Institutes/
Chambers. He has been contributing articles relating to Securities Markets topics in ‘Chartered Secretary’, NSE
News Letter and in English Daily Newspapers.

Mr. Paritosh Sharma, Advisor

An MBA graduate from XLRI Institute of Management, Jamshedpur, Mr. Sharma has over 17 years of consulting,
change management and operational experience in the area of capital markets. His experience covers all aspects
of capital markets from policy development and strategy through to operational implementation. He has worked
in a variety of roles, most recently as the Resident Advisor & Chief of Party for the USAID Financial Institutions and
Reform (FIRE) Project that provided assistance to Indian capital market institutions and the Ministry of Finance.
Mr. Sharma is charged with the responsibility of School for Certification for Intermediaries (SCI) and School for
Investor Education and Financial Literacy (SIEFL).

Mr. V.C. Chaturvedi, Officer on Special Duty, SEBI

Mr. Chaturvedi is a Chartered Accountant and member of the Institute of Chartered Accountants of India since
1989. He joined the services of Government of India (CSS-DR) through the Civil Services Examination, 1991.
During his 15 years of services with Government of India, Mr. Chaturvedi has worked with Ministry of Textiles,
Ministry of Law, Department of Disinvestment, Department of Atomic Energy, and Ministry of Finance (Banking
Division). He is Officer on Special Duty in SEBI (NISM Cell). Mr. Chaturvedi handles duties relating to HRD and
Administration.

Mr. Jitender Aggarwal, Project Officer

Mr. Jitender Aggarwal has over 23 years of experience in the field of construction and administration. He holds
Masters in Financial Management from JBIMS, Post Graduate Diploma in Operations Management from IGNOU,
A.M.I.E (Civil Engg.) from Institution of Engineers, Kolkata. He has working experience in private as well as public
sector undertakings namely L&T, PNB and SEBI. He is responsible for construction of NISM campus coming up
at Patalganga and other matters relating to administration.

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Mr Chaitanya Nemali, Project Manager

Mr. Chaitanya Nemali is a B.Tech in Computer Science & Information Technology from JNTU and an M.B.A. with
Finance specialization from NMIMS University. He has worked previously in Capital markets and IT industry. He
joined NISM as a project manager and is associated with Financial Engineering & Risk Management programme
and Corporate Governance workshops for media persons.

Mr. Nikhil Shinde, Project Manager

Mr. Nikhil Shinde is a B.E. in Information Technology from Mumbai University and an M.B.A. with Finance
specialization from Jamnalal Bajaj Institute of Management Studies. He has worked previously with TATA
Consultancy Service as an Open Source Consultant. He is currently a Project Manager at NISM and is primarily
associated with Certification Examinations and Network for Securities Market Data (NSMD).

Ms Devvya Sharma, Project Manager

Ms. Devvya Sharma, M.B.A (Finance) - NMIMS University, B.E. (Information Technology) – Mumbai University,
has previously worked with TATA Consultancy Services on the SBI Core Banking Solutions project, the world’s
largest core banking solution, as well as a project for the German Stock Exchange- Deutsche Boerse. She is
currently a Project Manager at NISM is handling the program on Investor Education and Financial Literacy,
NSMD: Data Centre for high level Research, work under the World Bank Technical Assistance and a capital
markets Simulator

Ms Gargi Datta, Project Manager

Ms. Gargi Datta, B.E. Electronics and Instrumentation (BITS Pilani), M.Sc. Mathematics (BITS Pilani), M.B.A.
Finance (NMIMS), has worked with WIPRO Technologies on Non-Stop Tandem Servers under the Embedded
Systems vertical on several projects. She is currently a project manager at NISM. She is associated with projects
relating to Certification Examinations, IT Administration and Simulator.

Mr Naresh Sabbani, Project Manager

Naresh Sabbani has done engineering from Mumbai University and holds a Masters’ degree in Management
Studies (MMS), from JBIMS, University of Mumbai. He is also a Financial Risk Management Professional from the
Global Association of Risk Professionals. He has two years experience at Patni Computers Ltd.

Ms Monali Maduskar, Head, Knowledge Management

Ms. Monali has about 10 years of experience in handling the information and knowledge aspects of organisations.
She has M. L. I. Sc. Degree from SNDT University, Mumbai and is a graduate in Science - Botany (B. Sc.) from
Mumbai University. She has experience in setting up & systematizing libraries including physical collection as
well as electronic sources. She has also worked as an Information Specialist in the research area for few years. At
NISM, she is involved into various projects like resource management, publications, website development etc.

Mr. Sushant Gholap, Assistant Manager

Mr. Sushant Gholap is a commerce graduate from Mumbai University. He has worked with premier research
organization like J P Morgan, Crisil Research & Information Services and Center for Monitoring Indian Economy
as Research Associate. He is currently working with NISM and is primarily associated with Network of Securities
Market Data (NSMD), a unit of School for Securities Information and Research (SSIR), projects at NISM

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2. School for Securities Education (SSE)
Within the framework of the vision and mission of NISM, the role of SSE is to provide education preparing
competent professionals who will serve the securities markets.

The Indian economy has been growing at over 6% p.a. since 2004. Indian companies are growing in size as they
scale up their activities within India as well as overseas. As a natural consequence, such corporations need to
access the securities markets. The Indian securities markets have grown in-depth, width and sophistication. At
the same time Indian corporations increasingly attract domestic and foreign investment through listings in India
and overseas. The Indian stock exchanges, mutual funds, merchant bankers, analysts and stock brokers are
expected to meet the enhanced expectations of various stakeholders. This necessitates a wide repertoire of
knowledge and skills.

SSE is uniquely positioned to provide the necessary inputs and to create the new age securities markets
professional. With its proximity to policy makers and professionals in the securities markets community, the
educational programmes from SSE are infused with this innovation and dynamism.

3. The CSMP Programme


CSMP is a One-year full-time post graduate certificate programme. CSMP would be offered by NISM located
in Vashi with close proximity to Mumbai, the financial capital of India. The programme is aimed at preparation
for a career in Security Analysis and Equity Research, Investment Banking, Fund Management, Corporate Re-
structuring and Consulting, Investment Advisory Services, Equity and Debt Market Broking and related fields.

3.1 Programme Objective

CSMP inputs are designed to:


• Abstract the building blocks of the securities markets, understand them conceptually, and develop a capability
to design solutions that meet specific requirements
• Upgrade knowledge and skill sets necessary to perform the key technical activities in the securities markets
• Develop well rounded, complete professionals who understand financial markets in a holistic manner

3.2 Target Audience

NISM has designed the CSMP programme aimed at developing and grooming talent to serve the various
segments of the securities markets. The target audience could be:
• Graduates and post graduates aspiring for careers in securities markets.
• Executives seeking careers or career switches related to securities markets

3.3 Programme Architecture

The programme is a balanced blend of theory and practice, divided into four terms. The themes of the four terms are:
• Conceptual Phase
• Application Phase
• Industry- Interaction Phase
• Advanced Application Phase

During the first two terms and in the fourth term students are expected to study a total of 24 courses consisting of
19 full credits and 5 half credit courses. In the third term students are required to undertake an internship project
with an organization in the securities industry.

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3.4 Programme Design and Content
The programme# is an ideal blend of conceptual and practical inputs, using multiple pedagogy. Participants will
be provided with research based inputs, real life illustrations and practical insights from the stimulating academic
environs of NISM coupled with the vibrancy of Mumbai city.

Term I Term II Term III Term IV


Conceptual Phase Application Phase Industry - Interaction Advanced Application
14 weeks 14 weeks Phase Phase
10 weeks 14 weeks
Economics for Securities Theory of Investments Global Securities Markets
Markets and Investments
Accounting for Equity and Debt Markets Behavioural Finance
Management
Mathematics for Fundamental and Principles and Practice
Securities Markets Technical Analysis of Regulating Securities
Markets
Applied Statistics for Econometrics and Institutions and
Securities Markets Time Series Analysis Intermediaries in
Internship Securities Markets
Financial System Portfolio Management Venture & Private Equity*
Corporate Finance Commodity Derivatives Mergers & Acquisitions*
Market*
Investment Banking Financial Derivatives Risk Management &
Hedge Funds *
Cases in Investment Treasury Management
Management*
Valuation
* Half Credit

#
NISM reserves the right to add, modify, merge or delete any of the above mentioned courses/topics to bring the
curriculum in line with the contemporary needs.

All students are required to get their personal Laptops for


the programme.

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3.5 Evaluation and Award of CSMP Certificate
CSMP is a rigorous programme designed to raise the professional standards of students. The award of CSMP
will be based on the following:
• Pre-class reading and preparation
• Class participation
• Quizzes
• Term papers/ projects/assignments
• Mid-term and end-term examinations and any other procedure the Institute may prescribe from time to
time

A student is expected to obtain a minimum standard of pass (50% or D) in each of the courses/credits listed
above. A minimum pass in all courses is necessary for award of CSMP.

Students shall maintain decorum expected of professionals and adhere to all norms of conduct as required by
the Institute. Failure to do so could invite disciplinary action.

4. Eligibility & Admission Procedure


4.1 Eligibility criteria

The applicants of the programme should possess:

A Post- Graduate of two years duration from a recognized Indian university or equivalent.
Those appearing for the final year post graduate degree examination may seek provisional admission. Such
provisional admission will be regularized only on production of proof of passing of the relevant final examination
within a time limit to be specified by NISM.

                                                            OR

A Graduate from a recognized Indian university or equivalent, with minimum of two years post qualification
relevant experience.

The Institute reserves the right to relax any of the above criteria in deserving cases and also accept or reject any
application without assigning any reason.

4.2 Admission Procedure

4.2.1 Online Test

Candidates are required to appear for an online test. The duration of the test would be 120 minutes and maximum
marks are 100. The online test would attempt to assess the following attributes of a candidate:
1. Quantitative Aptitude
2. Analytical and Reasoning skills
3. Language proficiency

All questions would carry one mark each. There would be negative marking of 0.25 for every wrong choice.

All applicants need to register for the online test at a test center in select cities and towns as indicated on the
NISM website. The test will be conducted on April 25, 2010. For guidance on choice and availability of online
test center, kindly refer to 4.2.2.

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All candidates are required to carry ANY ONE of the following as proof of identification:
1) PAN card
2) Driving License
3) Passport
4) Voter ID card
5) College Student Identity Card, current and valid OR
6) Employer Identity Card, current and valid

and the same has to be produced to test administration on demand. NISM reserves the right to seek additional
identification details if necessary.

4.2.2 Cities and Towns where the test is likely to be conducted:

Ahmedabad Bangalore Bhubaneswar Chennai Goa


Hyderabad Indore Jaipur Kolkata Kochi
Lucknow Mumbai  New Delhi Patna

In case of insufficient or excessive number of candidates in any particular test center, NISM reserves the right
to shift the candidates to another test center and the same would be intimated to the respective candidates by
NISM. Candidates are required to report at the test center so intimated, at the appropriate date and time for
taking the online test. For further details visit the website, www.nism.ac.in.

4.2.3 Personal Interview

Candidates, qualifying in the online test, would be called for a personal interview. They will be intimated through
email and/or letters. Personal interviews will be held from May 7 – May 10, 2010 at Bangalore, Kolkata,
Mumbai and New Delhi. NISM will intimate the exact date, time and venue of the personal interview to individual
candidates.

4.2.4 Selection Procedure

The selection of the candidate would be based on the following weightage criteria:
1) Profile – 20% ( consists of Academic Qualification / Performance – 10% and Work Experience – 10%)
2) Online Test – 40%
3) Personal Interview – 40%

All expenses related to appearing for the online test and personal interview shall be borne by the candidate. The
Institute will not bear or reimburse any expenditure in this regard.

The Institute reserves the right to postpone or cancel the dates of the online test and/or personal interview. Also,
the Institute reserves the right to modify / change or cancel any test center and/or personal interview center.
Candidates are also advised to visit the Institute’s website for any updates and other information.

4.2.5 Announcement of Selected Candidates

First list of selected candidates will be displayed on the Institute’s website on May 12, 2010. Selected candidates
are required to pay a commitment fee of Rs.10, 000/- (non-refundable adjustable against tuition fees) on or
before May 24, 2010. Provisional admission offered to selected candidates who do not pay the commitment fee
on or before the stipulated date would automatically stand cancelled.

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The second list of selected candidates will be announced on the Institute’s website on May 25, 2010 depending
on vacancies.

All the selected candidates are required to pay their tuition fees and complete all the formalities before June 14,
2010. If a candidate does not complete his/her formalities, the admission would stand cancelled.

4.2.6 Sponsored Candidates

Five seats are reserved for industry sponsored candidates. However, they have to fulfill admission requirements
as in case of other candidates. If the number of sponsored candidates is inadequate then these reserved seats
may be offered to other candidates.

4.2.7 Documentation

Candidates selected for interview will be required to carry the originals and submit the self attested Xerox copies
of the following documents at the time of interview:
1. Graduation/Post Graduation certificate issued by the University/Institute.
2. Statement of marks of Graduation / Post Graduation examination issued by the University/Institute.
3. Date of Birth certificate (i.e. S.S.C., School leaving certificate or birth certificate issued by the Municipal
authority).
4. Experience certificate from the employer, if applicable.

4.3 Fees and Deposits

The details of the fees payable to the Institute towards the one- year CSMP are as follows:

The total fee is Rs. 1,70,000/- (Rupees One Lakh Seventy Thousand only) for the entire year. Shortlisted students
have a choice of paying the fee as under:
1) Two installments of Rs. 85,000/- each shall become due for payment before the commencement of
Term I and Term II of the programme.
OR
2) The entire fee of Rs. 1,70,000/-, if paid before the commencement of Term I, will result in a concession of Rs.
2,000/- (Net fee: Rs. 1,68,000/-)

Fee is non-refundable. Students who fail to pay the fees on time could face a penalty or be barred from attending
classes.
The break-up of fee is as under:. No.

Sr. No. Particulars - Fee Amount (Rs.)


1 Tuition fee 1,50,000/-
2 Examination fee 10,000/-
3 Library fee 10,000/-
  Total 1,70,000/-

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In addition, the admitted students are required to pay deposits that are refundable, subject to terms and conditions
as detailed below.

Sr. No. Particulars - Deposits Amount (Rs.)

1 Library Deposit 6,000/-

2 Room Deposit * 10,000/-

*Applicable for students availing of hostel facility


The students are also required to pay the following charges which are non-refundable.

Sr. No. Particulars - Charges Amount (Rs.)


1 Alumni Association Fund 2,000/-
2 Single Occupancy charges per month* 2,000/-
3 Double Occupancy charges per month* 1,500/-
4 Boarding charges (approximate) per month* 2,500/-
5 Lunch & Tea charges per month ** 1,000/-

* Applicable for students availing of hostel facility


** Applicable to day-scholars
1. Students opting for hostel facility have to pay for boarding separately, as indicated above. Rooms are non-A/C.
2. Deposits are refundable subject to adjustment of any dues from the students.

4.4 Educational loan

Institute facilitates students in securing educational loan from banks.

4.5 Online Registration – Prospectus and Online Application

The Prospectus can be downloaded from the website www.nism.ac.in. The candidate can register online by
payment of Rs. 525/- electronically (non-refundable). Please visit the website for complete details.
 

4.6 Last date for Online Registration

The last date for online registration is April 15, 2010. Please DO NOT forward copies of any certificate along with
application form.

4.7 Hall Ticket

Upon completion of formalities concerning online registration and payment, the hall ticket would be generated
and displayed on the screen. The candidate has to take a print out of the hall ticket and produce the same at the
test center. Self attested photograph have to be affixed on the hall ticket.
 

4.8 Enquiries
All enquiries may be mailed to, CSMP coordinator at the email address csmp@nism.ac.in.
All correspondence to be made at the following address
 Office of the CSMP Admissions
National Institute of Securities Markets
Plot no. 82, Sector 17, Vashi, Navi Mumbai – 400 705.
Tel: 2788 3001 (Board), Fax No: (022) 2789 6860, Email: csmp@nism.ac.in

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4.9 Important Dates
Event Date

Last date for Online Registration April 15

Online test  April 25

Announcement of online test results April 28

Personal interviews May 7 - 10

Announcement of first list of selected candidates for admission May 12

Payment of commitment fees for first list May 12 - 24

Announcement of second list of selected candidates for admission May 25

Receipt of First Installment Fee for all admitted candidates May 26 – June 14

Last date of completing all formalities and payment of first installment fee June 14

Inauguration of the programme June 22

Commencement of the programme June 23

4.10 Force Majeure


The Institute reserves the right to postpone or cancel the dates of online test and/or personal interview. Also,
the Institute reserves the right to modify / change or cancel any test center and/or personal interview center.
Candidates are also advised to visit the Institute’s website for any updates and other information regularly.

5. General Information
5.1 Placement facilitation

NISM facilitates in arranging suitable placement opportunities for the students on completion of the programme.
However, the Institute does not guarantee any placement. Students successfully completing this course may find
placement opportunities with mutual funds, investment bankers, brokerage firms, banks, credit rating agencies,
stock and commodity exchanges, equity research firms, market regulators, and other market intermediaries and
institutions.

5.2 Visiting Faculty

The Institute, depending on the requirements, invites visiting professionals and academicians to share their
expertise with the students. Being located at close proximity with Mumbai, the financial capital of India, NISM is
ideally poised to provide a blend of academicians and practitioners as faculty. NISM shall endeavour to provide
the best of faculty, including visiting and guest faculty and reserves the right to make faculty allocations aligned
with the programme time tables.

5.3 Infrastructure

The Institute has access to high quality state-of-the-art infrastructure consisting of classrooms and hostel
facility.

5.3.1 Library

The Institute has access to library which holds highly specialized collection of books, journals and reports in
the area of capital markets and also has a number of up-to-date printed/soft databases to support the Institute’s
training and research programmes.

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The library presently holds more than 7,500 books, a rich collection
of internationally cited reference volumes and subscribes to over 113
journals, both Indian and foreign. It also holds around 3,128 back
volumes. It also has a selected collection of over 350 audio and 125
videocassettes relating to finance and capital markets. Library is
equipped with computerized library management system to provide
easy access to the collection. It is acclaimed to be one of the best
libraries for capital markets in this part of Asia.

5.3.2 Systems support

The Institute has access to well equipped LAN & WI-FI based network system with latest configuration PCs and
Server. Classrooms, Auditorium and Conference Room are adequately networked and have access to server-
based packages. Students will have access to advanced as well as regular applications software packages on
mathematical, technical and capital markets, industry and company database. These would include popular
financial database packages such as Bloomberg, Prowess, Alpha, Business Beacon, Mergers & Acquisition and
numerical technical packages such as SPSS, Matlab, WinRATS, and E-Views etc. The students have access to
uninterrupted high-speed broadband internet connectivity both at the institute and residential facility.

5.3.3 Accommodation and Residential Facilities

The Institute has a hostel (UTI Niwas) at Sector 14, Vashi These rooms have been
designed to serve the needs of students. There is 24-hour Internet connectivity,
too. Indoor games facilities are available at UTI Niwas. The Institute occasionally
organizes workshops on yoga and stress management at the hostel. A limited
hostel facility will be provided on the basis of availability. Preference will be given
to outstation students.

6. Activities at NISM
NISM has embarked various initiatives in the field of securities markets education and research like widening
interests in academic pursuits, organizing conferences on securities markets, developing various certificate
examinations for intermediaries, strengthening knowledge base in quantitative research methods and conducting
executive education programmes for market participants.

6.1 Conferences
6.1.1 International Conference on Securities Market

The First International Conference on the theme “Structure, Microstructure and Regulation of Securities Markets”
was held during December 2008 in Mumbai. This conference presented a forum for researchers to present
their findings on varied aspects of securities markets. The conference papers were selected through a global
competitive process by an international committee of distinguished researchers, chaired by Prof. Pradeep Yadav,
Oklahoma University and 16 papers were selected from a total of 70 submissions received.

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The conference was inaugurated by Mr. C B Bhave, Chairman,
SEBI. The highlight of the conference was the key note speech
by Nobel Laureate, Prof Robert Engle, New York University. The
conference featured several technical sessions on a number of
sub-themes such as regulation of securities markets addressing
issues related to short-selling, hedge funds, IPOs and price limits;
Issues of liquidity in debt and secondary markets and collateral
securities and microstructure issues like pre-trade transparency
and measurement of informed trading. The conference concluded
with a panel discussion on a topical issue; Financial Crisis:
Causes, Consequences and Cures. Further, NISM organized a research workshop for researchers and young
faculty members.

6.1.2 India Securitization Summit

NISM held the first ever conference of securitization in India, the India Securitization Summit on July 8, 2009,
Grand Hyatt, Mumbai. NISM was the principal host and the summit was sponsored by National Housing Bank,
IDBI bank, CARE ratings, Lewton Technologies and i-peritus.

The event offered an opportunity for players in the Indian securitization industry - regulators, issuers, investors
and arrangers to network, providing them a forum to interact and exchange ideas. The purpose of the summit
was to focus on the nascent asset backed securities market in India, and outline the potential evolution of
securitization markets in India. The keynote address was delivered by Mr. Prashant Saran, Whole Time Member,
SEBI. The discussants had been drawn from issuers, investors, regulators, rating agencies, and information &
risk consultants from the banking, insurance and mutual fund industry.

6.1.3 Round Table Conference on Direct Tax Code & Implications for Capital Markets

At the request of Ministry of Finance, NISM organized a round


table conference on Direct Tax Code on September 25, 2009
at Sahara Star, Santacruz, Mumbai. The basic idea of the
conference was to provide a well rounded perspective for
various issues related to capital markets under the direct tax
code.

The conference was inaugurated by Dr. K. P. Krishnan,


Joint Secretary, Ministry of Finance and Arbind Modi, Joint
Secretary, Ministry of Finance, CBDT. Eminent individuals
from CII, FICCI, ASSOCHAM, BCCI, IMC, AMFI, WIRC-ICAI,
BSA, BSE, NSE, MCX and several other organizations were
present in the conference. NISM prepared a background paper on Direct Tax Code and Implications for Capital
Markets. The topics discussed were Mutual funds, Stock Exchanges: Capital Gains & Transaction Tax, Dividend
Distribution Tax, Incentives for Capital formation, Corporate Restructuring, Private Equity, Venture Funds, Pension
Funds, Pass through status, EET, Tax Rates, MAT, Retail Investors perspective.

6.2 Certificate Examinations


In accordance with SEBI (CAPSM) Regulations 2007, NISM is planning to launch a series of examinations for
certification of intermediaries in the securities markets. These examinations are mandatory for persons working
in specified areas.

On May 15th, 2009 NISM launched the first of such certification examinations, NISM Series I: Currency Derivatives
followed by NISM Series IIA: Registrars to an Issue and Share Transfer Agents - Corporate Certification Examination
and Registrars to an Issue and Share Transfer Agents - Mutual Funds Certification Examination on August 3,
2009. NSE, BSE and MCX-SX have been engaged by NISM as test administrators. The examination is conducted

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across the country. As on 31st January, around 11,500 have appeared for the Currency Derivative examination
and 665 have enrolled for the Registrars to an Issue and Share Transfer Agents examinations.

Certificate examinations on compliance and interest rate derivates are other initiatives under planning stages.

6.3 Executive Education Programmes and Workshops


NISM has been involved with various educational initiatives for capacity building of various intermediaries in
financial markets as listed below:
• Workshop for Media Persons on “Reporting on Corporate Governance in India” in collaboration with GCGF,
CII and Thomson Reuters Foundation
• Workshops on ‘Building an Investment Advisory Business Module’ for UTI AMC distributors across India.
• Induction Programme for SEBI Officers
• Training Programme on Investigations of Securities Markets Fraud for Field Officers of Economic Offence
Wing, Mumbai Police
• Training Programme for Indian Foreign Services (IFS) Probationary Officers in co-operation with SEBI
• Training programme for Secretarial Practice and Personal Effectiveness for SEBI Staff Members
• Training for Members of Securities Board of Nepal & Government of
Nepal
• Refresher Programme on Internal Audit of Stock Brokers for chartered
accountants, cost accountants and company secretaries in Mumbai,
Delhi, Chennai and Kolkata
• Directors’ Colloquium in collaboration with GCGF & CII in Mumbai, Delhi
and Kolkata
• Essential Econometrics for Research in Finance for Research Scholars
and University Teachers
• Workshop in offering - Computational Finance Workshop for Industry
experts and Research Scholars

6.4 Research Initiatives


In pursuance of fulfilling the objective of establishing high quality policy research in financial markets a study titled
“Assessment of Long Term Performance of Credit Rating Agencies in India” was submitted to Capital Markets
Division of Ministry of Finance.

On request of finance ministry, an academic team at NISM and members from SEBI are preparing a research
study on Stock Market Health Index.

A study on “Market Stabilization Fund” has been commissioned by Security Market Advisory Committee with
regard to the international practices and various tools/methods that can be used to curb market volatility.

6.5 International Linkages


NISM has benchmarked its activities with the best practices prevalent at reputed international organizations. At
present, NISM has linkages with the following institutes:
1) CFA Institute, USA
2) Global Corporate Governance Forum of International Finance Corporation

6.6 Other Course Offered


School of Securities Education, NISM is currently offering a nine-month duration course, Certificate in Financial
Engineering and Risk Management (CFERM). This programme integrates theory and applications in the area of
quantitative finance. The objective of this programme is to match the right talent with the experienced theoreticians
and practitioners and serve the financial markets with a batch of well-trained financial engineers. The next batch
of CFERM commences in end June, 2010

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Please
Remember

 Last date for Online Registration is April 15, 2010


 Recent Photographs have to be uploaded for Online Registration
 Date for Online Test is April 25, 2010
 Kindly visit the website www.nism.ac.in for further updates and information

Important dates
Event Date
Last date for Online Registration April 15
Online test April 25
Announcement online test results April 28
Personal interviews May 7 - 10
Announcement of first list of selected candidates for admission May 12
Payment of commitment fees for first list May 12 - 24
Announcement of second list of selected candidates for admission May 25
Receipt of First Installment Fee for all admitted candidates May 26 – June 14
Last date of completing all formalities and payment of first installment fee June 14
Inauguration of the programme June 22
Commencement of the programme June 23

NiSM
NATIONAL INSTITUTE OF SECURITIES MARKETS
(Established by the Securities and Exchange Board of India)

Contact:
Office of the CSMP Admissions
National Institute of Securities Markets
Plot no. 82, Sector 17,Vashi, Navi Mumbai – 400 705.
Tel: 2788 3001 (Board)
Fax No: (022) 2789 6860
Email: csmp@nism.ac.in