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SP RESEARCHVIA
EducationJune 20, 2026
10 min read

NISM Series XXI Portfolio Management

Praveen Dubey (SEBI Registered RA)

SP RESEARCHVIA PVT. LTD. (INH000015808)

PMS Industry Careers: NISM Series XXI

The Portfolio Management Services (PMS) industry in India caters to high-net-worth individuals (HNIs). SEBI mandates the NISM Series XXI exam for PMS staff and managers.

What is the NISM XXI exam passing mark?

The exam contains 100 questions. The passing criteria is 60%, with a negative marking of 25% for incorrect attempts.

Syllabus Highlights

  • Structure and operations of PMS in India.
  • Asset allocation models and portfolio construction principles.
  • Risk measurement metrics (Beta, Standard Deviation, Sharpe Ratio).
  • Regulatory guidelines and client reporting standards.

Written by Praveen Dubey

Chief Research Analyst | SEBI Reg: INH000015808

Statutory Warning & Risk Disclaimer: Investment in securities market is subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Content provided on this blog is for informational and educational purposes only.