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NISM Series XXI-A
PMS Distributors Exam Prep

NISM Series XXI-A Certification Training

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NISM XXI-A
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NISM Series XXI-A Certification

Mandatory certification to distribute Portfolio Management Services (PMS) products

Issued By
NISM
National Institute of Securities Markets
Regulated By
SEBI
Securities and Exchange Board of India
Who Can Apply
18+ years
Must hold a valid PAN card
Exam Pattern
100 MCQs
2 Hours • 60% Pass • 3 Yrs Valid
What You Will Learn

NISM Series XXI-A Syllabus

Twelve core modules covering everything from portfolio construction to PMS regulations.

📊
01
Investments
🏦
02
Introduction to Securities Markets
📈
03
Investing in Stocks
⚙️
04
Investing in Fixed Income Securities
🧮
05
Derivatives
⚖️
06
Collective Investment Vehicles
👤
07
Role of Portfolio Managers
⚙️
08
Operational Aspects of Portfolio Managers
🔄
09
Portfolio Management Process
📊
10
Performance Measurement and Evaluation of Portfolio Managers
🧾
11
Taxation
⚖️
12
Regulatory, Governance and Ethical Aspects of Portfolio Managers
PMS Investor Profile
👤
Investor Category
HNIs & Sophisticated Investors
💰
Min. Ticket Size
₹50 Lakhs
📋
Portfolio Type
Customised & Direct Ownership
📊
Risk Profile
Differentiated Risk and Return Potential
How We Teach

Study Model

Flexible training formats to fit your schedule

🎧

Self-Paced Learning

Access video-based expert-led lessons and study materials to learn at your own pace, anytime, anywhere

More Than a Certification

Beyond Exam Preparation

Practical knowledge. Stronger MFD practice — with AssetPlus Academy.

🚀

MFD Growth Masterclass Series

Live masterclasses with industry leaders to grow your distribution business.

🎙️

Webinars

Topical deep-dives on market trends, new products, and distribution strategies.

💻

Beginner Friendly Tools

Hands-on walkthroughs of PMS platforms and AssetPlus tools.

🧰

Success Toolkits

Curated guides, templates, and frameworks to accelerate your MFD practice.

Keep Learning

Explore Other Courses

Build a complete certification portfolio as an MFD.

V-A
Foundational

NISM Series V-A

Build your foundation as a Mutual Fund Distributor through the mandatory certification required to start your MFD practice.

V-D
Advanced

NISM Series V-D

Add Specialised Investment Funds (SIFs) to your portfolio and offer advanced investment solutions to your clients.

Resources

Learn Beyond the Classroom

Content built to sharpen your skills as an MFD.

▶️
HarGhar MFD

HGMFD Videos

Short videos that simplify mutual fund concepts and make financial education accessible to all.

Visit HarGhar MFD →
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Recorded Content

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Masterclasses, trainer sessions, webinars, and curated resources — all in one place.

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Articles & Guides

Industry Insights

Practical articles, market guides, and resources to stay ahead in the MFD landscape.

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Social Proof

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Training Participant

2-Day Workshop

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Workshop Attendee

2-Day Training Program

“A heartfelt thank you to the entire AssetPlus Academy team for an outstanding and enriching 2-day training program. The sessions were thoughtfully designed, highly practical, and truly engaging. The expertise shared, along with the guidance and dedication of the trainer, made the entire learning experience extremely valuable and meaningful. I sincerely appreciate the efforts of the entire team in making the program so informative and impactful. Thank you once again for a wonderful training experience!”

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FAQ

Have Questions? We've Got Answers.

Everything you need to know about NISM Series XXI-A Certification.

What is NISM Series XXI-A Certification?
+

NISM Series XXI-A, also known as the Portfolio Managers Certification Examination, is a certification that helps finance professionals build knowledge of Portfolio Management Services (PMS). It covers portfolio management principles, investment analysis, regulations, ethics, client servicing, and portfolio construction.

Who should take the NISM Series XXI-A Certification?
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The certification is suitable for Mutual Fund Distributors (MFDs), relationship managers, investment professionals, and anyone looking to strengthen their expertise in Portfolio Management Services (PMS).

What does the NISM Series XXI-A syllabus cover?
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The syllabus covers portfolio management principles, investment analysis, portfolio construction, equity and fixed-income investments, risk management, client onboarding, regulatory requirements, ethics, compliance, and portfolio performance evaluation.

How difficult is the NISM Series XXI-A exam?
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The NISM Series XXI-A exam evaluates your understanding of Portfolio Management Services and investment management concepts. With structured preparation, official study material, mock tests, and guided training from AssetPlus Academy, candidates can prepare confidently.

What is the NISM Series XXI-A exam pattern?
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The exam is conducted in computer-based mode and consists of 100 multiple-choice questions (1 mark each) to be completed within 2 hours. Candidates must score 60% to pass. Negative marking of 10% applies per wrong answer.

How long is the NISM Series XXI-A Certification valid?
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The certification is valid for three years from the date of passing the examination. Professionals should renew their certification before expiry in accordance with applicable NISM guidelines.

How do I renew my NISM Series XXI-A Certification?
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You can renew before expiry by completing the applicable Continuing Professional Education (CPE) programme or by reappearing for the NISM Series XXI-A examination, as per the latest NISM guidelines.

What is Portfolio Management Services (PMS)?
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PMS is a professionally managed investment service offering customised investment portfolios based on an investor's financial objectives, risk profile, and investment horizon. PMS is designed for high-net-worth investors seeking personalised portfolio management.

Can I prepare for the NISM Series XXI-A exam online?
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Yes. AssetPlus Academy offers multiple learning formats including live instructor-led classes, self-paced learning, recorded sessions, and offline classroom training — allowing learners to prepare in the format that best suits their schedule.

Does AssetPlus Academy provide NISM study material and mock tests?
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Yes. AssetPlus Academy provides structured learning resources, expert-led guidance, official NISM study material, revision support, and mock tests to help candidates prepare effectively for the NISM Series XXI-A Certification.

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