National Institute of Securities Markets (NISM), Mumbai Courses and Fees
Courses
NISM Mumbai Courses & Fees 2026
The National Institute of Securities Markets (NISM) offers a diverse range of long-term programs tailored for individuals aiming to build or advance their careers in the securities and financial markets. Below is an overview of these programs:
1. Post Graduate Diploma in Management (Securities Markets) – PGDM (SM)
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Duration: 2 years (Full-time, AICTE-approved)
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Focus Areas: Economics, Corporate Finance, Portfolio Management, Equity Valuation, Derivatives, Mutual Funds, Wealth Management, and more.
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Eligibility:
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Bachelor’s degree (minimum 3 years) with at least 50% marks (45% for reserved categories).
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Final-year students can apply provisionally.
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Career Opportunities: Roles in equity and debt markets, investment banking, mutual funds, compliance, risk management, and advisory services.
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Placement Highlights:
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Average CTC: ₹9.07 LPA
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Highest CTC: ₹16.32 LPA
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Top recruiters include ICICI Bank, SBI Mutual Fund, BSE Ltd., Federal Bank, and Axis Trustees.
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2. LL.M. in Investment and Securities Law (in collaboration with MNLU Mumbai)
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Duration: 1 year (Full-time, residential)
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Eligibility:
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LL.B. degree with a minimum of 50% marks (45% for SC/ST).
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Final-year LL.B. students can apply provisionally.
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Curriculum Highlights: Advanced Company Law, Securities Regulation, Competition Law, Banking, Foreign Investment, Insolvency Law, and a dissertation.
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Career Pathways: Opportunities in legal advisory roles within financial institutions, regulatory bodies, and law firms specializing in securities law.
3. Post Graduate Program in Investment and Securities Markets (PGPISM)
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Duration: 1 year (Residential)
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Ideal for: Graduates and professionals seeking in-depth knowledge of securities markets.
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Curriculum: Economics, Financial Statement Analysis, Corporate Finance, Portfolio Management, Equity Valuation, Fixed Income Securities, Derivatives & Risk Management, Investment Banking, Mutual Funds, and Wealth Management.
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Career Opportunities: Roles such as Analysts, Investment Managers, Treasury Managers, Risk Managers, Compliance Officers, Financial Planners, and Wealth Managers.
4. Post Graduate Program in Portfolio Management, Investment Advisory & Research Analysis (PGP PM/IA/RA)
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Duration: 15 months (Weekend, hybrid mode)
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Specializations:
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Portfolio Management
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Investment Advisory
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Research Analysis
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Eligibility: Graduates with an interest in securities markets.
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Program Structure: 9 months of foundational courses, 3 months of specialization, and 3 months of dissertation.
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Career Pathways: Opportunities in portfolio management firms, investment advisory services, research analysis roles, and potential to start one’s own firm
5. Certificate Program in Data Science (Advanced)
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Duration: 8 months (Online live sessions)
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Eligibility:
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Graduation with 50% marks.
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Completion of a basic-level data science program (minimum 6 months).
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Curriculum: Statistical Modeling, Machine Learning, Deep Learning, Financial Econometrics, Time Series & Forecasting, Artificial Intelligence, Big Data, Fintech, Algorithmic Trading, Financial Modeling, and Cyber Security.
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Tools Used: Advanced Excel, R, Python, Power BI, and Tableau.
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Fee: ₹99,500 (inclusive of GST and alumni fund).
6. Post Graduate Program in Financial Planning (PGPFP)
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Focus Areas: Investment Planning, Tax Planning, Retirement Planning, Risk Management, and Estate Planning.
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Ideal for: Individuals aiming to build a career in financial planning and wealth management.
7. Certificate Program in Merchant Banking (CPMB)
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Objective: To provide comprehensive knowledge of the securities markets ecosystem and equip participants with skills related to SEBI-regulated activities such as IPOs, FPOs, Open Offers, Buy-backs, Delisting, Mergers, and Acquisitions.
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Ideal for: Professionals seeking to specialize in merchant banking and related activities.
Post Graduate Diploma in Management (Securities Markets) – PGDM (SM)
About the Program:
PGDM (SM) is an AICTE approved two-year Post-Graduate Diploma Programme in Management, where the students get exposure to varied subjects and verticals of securities markets including Economics, Financial Statement Analysis, Corporate Finance, Portfolio Management, Equity Valuation, Fixed Income Securities, and Derivatives & Risk Management, Investment Banking, Mutual Funds, and Wealth Management, benchmarked with the best and contemporary texts. Post Graduate Diploma in Management (Securities Markets) – PGDM (SM)
The carefully crafted curriculum, along with application-based teaching pedagogy and industry internship, serves as a strong foundation for further grooming and growth into various career paths in the corporate/financial/securities markets. PGDM (SM) students are positioned to take up a wide range of roles and responsibilities, such as Analysts, Investment Managers, Investment Bankers, Treasury Managers, Risk Managers, Compliance Officers, Financial Planners, Wealth Managers, etc.
Where does PGDM(SM) lead to?
PGDM (SM) can lead the successful participants to the following careers pathways. Some illustrative career opportunities available for PGDM (SM) graduates are as under:
- Segments: Equity Markets, Debt Markets, Currency and Currency Derivative Markets, Commodity Derivative Markets
- Market Infrastructure Institutions: A wide range of roles (Business Development, Operations, Compliance, Risk Management, etc.) in Market Infrastructure Institutions including Stock Exchanges, Commodity Exchanges, Clearing Corporations and Depositories
- Research and Analytics: Credit Research & Ratings, Economic Research, Policy Research, Analytics and Computing in Risk Management & Derivatives
- Banking: Commercial banking, Treasury Operations, Treasury Management, etc.
- Advisory: Investment Advisor, Personal Financial Planner, Wealth Manager
- Mutual Funds: Business Development, Distribution, Operations, Compliance, Risk Management, etc. in the Mutual Funds Industry
The objective for designing a programme of the status of a Post Graduate Diploma is “to create complete securities market professionals”. Since the field of securities markets represents the confluence of several related areas, the post-graduate programme in securities markets rests on the following pillars:
- Economics, including financial economics
- Finance
- Accounting and Reporting
- Quantitative Methods and Computing
- Law and Compliance
- FinTech
Each of the above-mentioned fields is fully represented in the proposed programme, with a balance between elegance and rigour. Based on SSE’s prior experience, but also after infusion of fresh thinking, the architecture of the PGDM (SM) has been conceived. Each course is benchmarked with the best-in-class textbook (recommended text) to arrive at the chosen content.
Eligibility Criteria
Educational Qualifications
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Applicants must have a strong and consistent academic track record.
Performance in Class 10, Class 12, and each year of undergraduate studies will be evaluated during the selection process. -
Candidates must hold a Bachelor’s degree of at least 3 years’ duration in any discipline, with a minimum of 50% marks (45% for candidates from reserved categories).
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Final-year students awaiting their undergraduate results are also eligible to apply. However, their admission will be provisional and contingent upon meeting the eligibility criteria within the stipulated deadline.
Entrance Test Requirement
Applicants must have qualified in at least one of the following national-level management entrance exams:
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CAT
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XAT
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CMAT
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ATMA
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MAT
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GMAT
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MH-CET (for candidates from Maharashtra)
Note: Candidates awaiting the results of their entrance exams can still apply. However, their admission will remain provisional until the official score is submitted to the NISM Admissions Office.
Selection Process
The selection process considers the candidate’s:
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Academic performance
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Score in a valid management entrance test
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Personal Interview (PI)
Candidates offered provisional admission must confirm their seat by paying the fees within the specified timeline. Failure to do so will result in automatic cancellation of the admission offer.
Programme Fee Structure for PGDM (SM) 2026–28
| Fee Structure of PGDM-SM 2026-28 (Batch- VIII) | ||||
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| Particulars | 1st Installment | 2nd Installment | 3rd Installment | 4th Installment |
| Tuition Fee | 1,45,200 | 1,45,200 | 1,45,200 | 1,45,200 |
| Lab & Library Fee | 15,000 | 15,000 | 15,000 | 15,000 |
| Exam Fee | 5,000 | 5,000 | 5,000 | 5,000 |
| Alumni Fund | 2,000 | – | – | – |
| Student Welfare | 6,000 | – | – | – |
| Total Program Fees (A) * | 1,73,200 | 1,65,200 | 1,65,200 | 1,65,200 |
| Library Deposit – Refundable (B) | 10,000 | – | – | – |
| Total Fees including Refundable Deposits (A + B) | 1,83,200 | 1,65,200 | 1,65,200 | 1,65,200 |
| Gross Total | 6,78,800 | |||
| Due Date | Within 10 days of receiving offer letter | November 01, 2026 | June 15, 2027 | November 01, 2027 |
Stage VI Reporting for joining the PGDM-SM 2026-28 (Batch VIII).
- (I) Final selected candidates who have deposited OAA and got a confirmation letter for provisional admission will be required to report physically (on the stipulated date and time) on the Institute campus for registration, followed by physical verification of educational documents and other testimonials as per checklist shared on later stage.
- (ii) The academic session will tentatively begin from July 13, 2026.
- (iii) The hostel room allocation to the candidate will be done on a sharing basis. Hostel rooms for the DAP candidates will be arranged on the ground floor or first floor (preferably). The fee structure for Hostel and Mess Charges for the PGDM SM 2026–28 (Batch VIII) is provided below.
| Hostel and Dining Fee Structure of PGDM-SM 2026-28 (Batch-VIII) | ||||
|---|---|---|---|---|
| Particulars | 1st Installment | 2nd Installment | 3rd Installment | 4th Installment |
| Accommodation Fee | 57,000 | 57,000 | 57,000 | 57,000 |
| Dining Fee | 35,000 | 35,000 | 35,000 | 35,000 |
| GST on Food (5%) | 1,750 | 1,750 | 1,750 | 1,750 |
| Total Accommodation & Dining Fee (A) | 93,750 | 93,750 | 93,750 | 93,750 |
| Hostel Deposit – Refundable (B) | 10,000 | – | – | – |
| Total Fees including Refundable Deposits (A + B) | 1,03,750 | 93,750 | 93,750 | 93,750 |
| Gross Total | 3,85,000 | |||
| Due Date | Within ten days of receiving offer letter | November 01, 2026 | June 15, 2027 | November 01, 2027 |
# AC accommodation on a twin-sharing basis. Centralized AC will be available between 9:00 pm to 06:00 am only
Note: Students are required to vacate the hostel during the internship period. Accordingly, hostel charges for this period have been excluded from the above fee. In case a student wishes to stay in the campus during the internship period, he/she has to bear additional charges for the same.
Note:
- (I) Comfortable hostel accommodation, separate for boys and girls, is available in the campus.
- (ii) Accommodation and Dining Charges once paid by a student will not be refunded under any circumstances.
- (iii) The hostels are well equipped with all the modern amenities and are under the charge of caring and experienced Wardens.
- (iv) NISM Dining Hall and Cafeteria: A spacious well lit and well ventilated cafeteria in the campus serves sumptuous and healthy food to the students. The variety of dishes which are both healthy and tasty and are crafted by a team of professional dieticians to ensure a well-balanced diet.
- (v) NISM Recreational Facilities: NISM has a world class sports complex and extensive sports facilities. NISM offers ample opportunities to students for a regular work-out and lifestyle management by providing a host of excellent sports facilities. It has facilities for games like cricket, basketball and volleyball as well as indoor games like chess, carom, table-tennis, badminton, etc.
- (vi) Medical Facilities: NISM provides Student Safety Insurance and a visiting doctor within the Campus. Ambulance facility (on call) is available in case of any emergency.
- (vii) Laundry facilities are available on payment basis at our campus.
LL.M. (I&SL) 2026–27 Fee Structure
| Sr. No | Particulars | 1st Installment Amount (₹) |
2nd Installment Amount (₹) |
Total (₹) |
|---|---|---|---|---|
| A | Admission Fees | 3,000 | – | 3,000 |
| B | Tuition Fees All India Students (including Maharashtra students) & Industry / institutions sponsored candidates |
66,000 | 66,000 | 1,32,000 |
| C | Other charges | |||
| Library, book and study material | 15,000 | – | 15,000 | |
| Journal fee | 6,000 | – | 6,000 | |
| Development fee | 10,000 | – | 10,000 | |
| Internet / IT facilities & Simulation Lab fee | 10,000 | 10,000 | 20,000 | |
| Outsourced services | 10,000 | 10,000 | 20,000 | |
| Student welfare | 10,000 | – | 10,000 | |
| Examination fees | 10,000 | 10,000 | 20,000 | |
| Alumni Association Fund | 2,000 | – | 2,000 | |
| Total C | 73,000 | 30,000 | 1,03,000 | |
| D | Refundable Deposits | |||
| Library caution money | 10,000 | – | 10,000 | |
| Hostel and Dinning Fee | 10,000 | – | 10,000 | |
| Total D | 20,000 | – | 20,000 | |
| E | Hostel Fee | |||
| AC Accommodation (Single Occupancy)# | 78,250 | 78,250 | 1,56,500 | |
| Dining Charges | 35,000 | 35,000 | 70,000 | |
| 5% GST on Dining Charges | 1,750 | 1,750 | 3,500 | |
| Total E | 1,15,000 | 1,15,000 | 2,30,000 | |
| F | Grand Total | 2,77,000 | 2,11,000 | 4,88,000 |
| To be paid before | Within 10 days of Offer letter | November 01, 2026 | ||
#AC Accommodation on a single occupancy basis. Centralized AC will be available between 09:00pm to 06:00am only Students admitted under Industry/institutions sponsored category are not eligible for placement/ internship assistance.
(v) Candidates admitted under the Foreign National / NRI / NRI-Sponsored Category are required to pay an additional amount equivalent to USD 10,000 (in INR) over and above the fee mentioned in Table A.