Frequently Asked Questions – Portfolio Management Services Distributors Certification Examination
1. Who can take NISM-Series-XXI-A: Portfolio Management Services Distributors Certification Examination?
The following persons can take NISM-Series-XXI-A: Portfolio Management Services Distributors Certification Examination: distributors of PMS, interested students/professionals or any other individuals.
2. How can I register for NISM-Series-XXI-A: Portfolio Management Services Distributors Certification Examination?
Candidates can register on https://certifications.nism.ac.in/nismaol/. After successful registration, candidates may select a test centre, date and time slot of their choice on the Test Administrator website.
3. What is the fee structure?
The fees for “NISM-Series-XXI-A: Portfolio Management Services (PMS) Distributors Certification Examination” is Rupees One Thousand and Five Hundred only (Rs. 1500/-), inclusive of GST.
4. What is the assessment structure?
The examination will be of 100 marks. There will 80 independent multiple choice questions (MCQs) of i.e. total of 80 marks and 3 case-based questions of total 20 marks. The examination duration is 2 hours. There shall be negative marking of 25 percent of the marks assigned to a question. The passing score for the examination is 60%.
5. Is there a study material available for preparing for this examination?
You will receive a soft copy of the workbook/study material after enrolment for the examination. For non-receipt of soft copy of the workbook/study material, you may contact: certification@nism.ac.in.
6. Do I have to pay for the study material?
You will receive a soft copy of the workbook/study material free of cost after enrolment for the examination. Candidate can buy NISM workbooks online through Taxmann Publications Private Ltd.
Visit https://www.taxmann.com/bookstore/ to place your orders for NISM workbooks.
If you prefer to order by phone, please call your nearest store directly to place your order. Click here to get the details of your nearest store.
7. How can I appear for NISM PMS mock test? Where do I get sample questions for NISM Portfolio Management Services Distributors Certification Examination?
Click here to take a mock test.
8. Where do I get sample questions for the Certification Examination? How can I appear for a mock test?
Candidates may refer to the chapter-end sample questions and the worked-out examples/ illustrations provided in the workbook. To appear for a mock test, candidates may click here.
9. I have passed NISM Portfolio Management Services (PMS) Distributors Certification Examination and also provided PAN details, however, I have not received a certificate. Whom should I contact?
For non-receipt of certificate contact the test administrator, you have registered with for this examination. The respective email ids are given below: NISM: certification@nism.ac.in
10. What is the validity period of the certificate?
The certificate will be valid for 3 years from the date of the examination.
11. Can I request for re-evaluation of NISM Certification Examinations?
NISM Policy on Re-evaluation of performance of candidates appearing for Certification Examination and resolution of doubts about the questions forming part of such examination, if any.
“No re-evaluation of the performance of candidates appearing for Certification Examination conducted by NISM (Mandatory & Non-Mandatory examination) is permitted since the assessment of answers, with respect to Certification Examinations questions which are in the nature of the selection of only one correct answers from multiple choices offered, is carried out in an objective manner by in-built system architecture created for Certification Examination without any scope for human intervention and subjectivity element.
Also, considering the examination structure, no disclosure of the questions and/or answers is permitted as it will violate the confidentiality of the question bank, which is the essence of the examination.
In view of the above, no communication regarding re-evaluation, etc. will be entertained/serviced by NISM.”
Subject to the above, request/s received from a candidate for resolution of doubts about a question forming part of such examination will be considered as per the following policy:
(1) Candidate’s request/s will be considered only when he/she specifically mentions a particular question or two which he/she thinks contain errors.
(2) No request/s to disclose/discuss question/s and/or their answers shall be entertained as disclosure of the question/s will violate the essence of the question bank viz. breach the confidentiality/secrecy of the Question bank.
(3) Only those request/s made on-the-spot (before leaving the test centre) will be considered for verification.
(4) When a valid request is received from a candidate at the Test Centre, it shall be forwarded by the respective TA to NISM. NISM’s team will look into claim relating to the contested question/s to verify whether there is a mistake in the question or answer. If it is prima facie found that the question or answer contains a mistake, no score will be computed and consequently, no scorecard will be issued then at the Test Centre.
(5) Such matter will then be escalated with the question/answer to the Committee with the details of the nature of the error, the correct version of the question or contested correct answer and system recognized the correct answer. The Committee, after due diligence and proper scrutiny, will arrive at a conclusion whether the claim made by a candidate in relation to a question or answer is right. Such a conclusion will be recorded in writing and put up for formal approval to the authority of NISM.
(6) Score computation, kept in abeyance as per point 4, shall be carried based on the approval as per point – 5. Such a scorecard will then be issued to the candidate by TA/NISM.
(7) Even though NISM endeavours best efforts and has put in place a robust mechanism to review its question bank intermittently, attributable to continuous changes taking place emanating from dynamics of the market, encompassing products and features, and its regulatory framework, there is a possibility of inadvertently escaping some updation and/or escaping indirect impact on some question/answer. Therefore, to take care of such eventuality, the above process of entertaining request from the candidate in relation to the question/answer is put in place.
(8) The above policy and process will be subject to review from time to time and shall be binding and final in relation to any claim and/or matter when disposed off with the approval of the authority of NISM.
