NISM 21-A - FPA Edutech
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NISM 21-A (Portfolio Management Services)

Created by

Yukti Gala

Categories

NISM

Overview

Curriculum

Instructor

FAQs

The NISM Series XXI-A curriculum provides a thorough exploration of portfolio management and investment strategies, designed to equip learners with essential skills for navigating the securities market. In the first segment, participants will delve into the investment landscape, learning to differentiate between investment and speculation, and mastering objectives, required rates of return, and diverse investment options like stocks, bonds, and derivatives. The course covers securities markets, including their structure and key players, and offers in-depth knowledge of equity and fixed-income securities, focusing on risk diversification, technical analysis, bond valuation, and price volatility. It also introduces derivatives and mutual funds, highlighting their structures, benefits, and key metrics such as Net Asset Value and performance evaluation.

In the second part, the curriculum shifts to the practical and regulatory dimensions of portfolio management in India. Learners will uncover the roles and responsibilities of portfolio managers, the portfolio management process, including asset allocation and rebalancing and advanced performance measurement techniques like risk-adjusted returns and benchmarking. Taxation, SEBI regulations, and ethical considerations, such as anti-money laundering and insider trading prevention, are also emphasized. By the end, participants will be well-prepared to manage portfolios effectively, evaluate performance, and adhere to legal and ethical standards, making this an essential course for those aiming to excel in the investment and portfolio management field.

Who is this course for?

This course is ideal for aspiring portfolio managers, financial advisors, investment analysts, and professionals seeking certification to operate as portfolio managers under SEBI regulations. It also suits finance graduates, wealth management professionals, and individuals pursuing compliance or operational roles in the investment industry, providing them with the expertise to manage portfolios effectively and ethically while meeting regulatory standards.

Is This Course Certified?

Yes, upon successful course completion, you are eligible for a certificate from FPA Edutech after passing two tests with scores of 70% or above.

Curriculum

I: Investment Landscape

  • Define Investment
  • Investment versus Speculation
  • Know the Objectives of Investments
  • Estimating the Required Rate of Return
  • Types of Investments
  • Channels for Making Investments

II: Introduction to Securities Markets

  • Define Securities Markets
  • Primary and Secondary Securities Markets
  • Market Participants and Their Activities

III: Investing in Stocks

  • Equity as an Investment
  • Diversification of Risk Through Equity Instruments
  • Risks of Equity Investments
  • Overview of Equity Market
  • Equity Research and Stock Selection
  • Technical Analysis
  • Understanding Corporate Governance

IV: Investing in Fixed Income Securities

  • Overview of Fixed Income Securities
  • Bond Characteristics
  • Determinants of Bond Safety
  • Analysis and Valuation of Bonds
  • Measuring Price Volatility for Bonds
  • Determining Duration

V: Derivatives

  • Definition of Derivatives
  • Types of Derivative Products
  • Structure of Derivative Markets
  • Purpose of Derivatives
  • Introduction to Commodity and Currency Futures and Options
  • Underlying Concepts in Derivatives

VI: Mutual Fund

  • Concept and Role of Mutual Fund
  • Benefits of Investing Through Mutual Funds
  • Legal Structure of Mutual Fund in India
  • Working of Mutual Funds
  • Types of Mutual Fund Products
  • Processes of Investing in Mutual Funds
  • Legal and Regulatory Framework — Key SEBI Regulation
  • Fact Sheet — Scheme Related Information
  • Net Asset Value, Total Expense Ratio, Pricing of Units
  • Mutual Fund Scheme Performance
  • Key Performance Measures

VII: Role of Portfolio Managers

  • Overview of Portfolio Managers in India
  • Types of Portfolio Management Services
  • Organizational Structure of PMS in India
  • Registration Requirements of a Portfolio Manager
  • General Responsibilities of a Portfolio Manager
  • Administration of Investor's Portfolio

VIII: Operational Aspects of Portfolio Managers

  • Entities Which Can Invest in PMS
  • Disclosures to the Prospective Clients
  • Process of Onboarding Clients
  • Direct Onboarding in PMS
  • Liability in Case of Default
  • Redressal of Investor Grievances
  • Disclosures to the Regulator
  • Costs, Expenses, and Fees of Investing in PMS

IX: Portfolio Management Process

  • Importance of Asset Allocation Decision
  • Understanding Correlation Across Asset Classes and Securities
  • Steps in Portfolio Management Process
  • Asset Allocation Decision
  • Strategic versus Tactical Asset Allocation
  • Re-balancing of Portfolio

X: Performance Measurement and Evaluation of Portfolio Managers

  • Parameters to Define Performance — Risk and Return
  • Rate of Return Measures
  • Risk Measures
  • Risk-Adjusted Return
  • Performance Evaluation: Benchmarking and Peer Group Analysis
  • Performance Attribution Analysis
  • Performance Reporting to the Investor
  • Due Diligence and Portfolio Manager Selection
  • Global Investment Performance Standard (GIPS)
  • GIPS Advertisement Guidelines

XI: Taxation

  • Taxation of Investors
  • Taxation of Various Streams of Income
  • Section 9A of Income Tax

XII: Regulatory, Governance, and Ethical Aspects of Portfolio Managers

  • Prevention of Money Laundering Act, 2002
  • SEBI (Prohibition of Insider Trading) Regulation 2015
  • SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003
  • Securities and Exchange Board of India (Portfolio Managers) Regulations, 2020
  • Best Practices for Portfolio Managers
About the Instructor
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Yukti Gala

A Certified Financial Planner with an experience of about 8 years in finance and training. She is currently working with FPA Edutech as an Assistant Vice President for CFP® vertical. She has worked for the esteemed organization Sykes & Ray Equities for almost 3 Years as a Senior Financial Planner, managing high-end portfolios. In 2019, she was designated as an Assistant Manager for one of India’s leading financial services firm Anand Rathi Wealth Services Ltd.

She has been working as a Part-Time faculty for Certified Financial Planner Course in Financial Planning Academy, since 2017.

She has also explored the training side of other finance & banking courses for students & corporates.

Areas of expertise: Investment Products, Tax Planning, Mutual fund, Financial Planning, etc.

Trainings conducted for: Students of various colleges like KC, Mithibai, NM, etc. She has conducted trainings for working professionals working at a managerial level in various segments like Insurance companies, mutual fund houses, wealth management firms, etc.

How flexible is the self-paced format for this course?
The course offers pre-recorded lectures you can watch anytime within your 365-day subscription, allowing you to pause, rewind, or revisit sections at your own convenience.
How long do I have access to the pre-recorded content after purchase?
Your subscription lasts 365 days from the purchase date, giving you a full year to explore the videos and resources at your own pace.
Can I get help with doubts in a pre-recorded course?
Yes, you can submit queries via email or the course portal, and our experts will respond within 48 hours throughout your 365-day access period.
Is there a suggested timeline for completing the course within 365 days?
We recommend a 12-week plan one module per week to cover the content thoroughly, but you can adjust this freely within the 365-day validity.
What happens if I don’t finish the course within the 365-day subscription?
Access ends after 365 days. If you need more time, you can opt for an extension with an additional fee to continue your learning uninterrupted.
What’s the difference between investment and speculation as taught in this course?
You’ll learn that investment focuses on long-term wealth creation with calculated risks, while speculation involves short-term gains with higher uncertainty, a key distinction in the Investment Landscape module.
How does the course explain diversification of risk through equity?
It covers how spreading investments across various equity instruments reduces exposure to individual stock risks, a core concept in the Investing in Stocks section.
What will I learn about bond valuation in the fixed-income securities module?
You’ll master analysing bond pricing, understanding yield, and calculating safety and volatility, equipping you to assess fixed-income investments effectively.
Why are derivatives important, and what types are covered?
The course explains derivatives as tools for hedging and speculation, introducing futures, options, and commodity/currency derivatives, along with their market structures.
How does the mutual fund module help me understand investment options?
It breaks down mutual fund types, benefits, and performance metrics like Net Asset Value and Total Expense Ratio, guiding you to evaluate fund suitability.
What role do portfolio managers play, according to this curriculum?
You’ll explore their responsibilities in designing and managing client portfolios, including asset allocation and regulatory compliance, as outlined in the Role of Portfolio Managers section.
How does the course address SEBI regulations for portfolio managers?
It details key SEBI rules, such as the 2020 Portfolio Managers Regulations, ensuring you understand legal and ethical obligations in the industry.
What’s the significance of asset allocation in portfolio management?
You’ll learn how strategic and tactical asset allocation decisions drive portfolio performance, balancing risk and return across asset classes.
How is portfolio performance measured in this course?
The curriculum teaches risk-adjusted return metrics, benchmarking, and attribution analysis, giving you tools to evaluate and report portfolio success.
What ethical practices will I learn about for portfolio management?
The course covers regulations like the Prevention of Money Laundering Act and insider trading rules, emphasizing best practices for integrity and compliance.
All In One Course Bundle
₹1,999.00
₹8,000.00 75% OFF
Buy This Course
Duration
20 hour
Skill
Beginner