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NISM XXI-A · PMS Distributors
Exams
Your prep portfolio

Portfolio Management Services

Distributors Certification Examination

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100
Marks · 80 MCQ + 3 case-based sets
60%
Passing score
120 min
Duration
0.25
Negative mark per wrong answer
Study smart, verify official. Notes and questions here are original practice material built to the XXI-A syllabus. The NISM PMS Distributors workbook (revised structure effective 15 Mar 2025) is the single source of truth — always cross-check on nism.ac.in.
Prep runway

21-Day Study Plan

A realistic order of attack. Tick tasks as you go — your progress ring fills up with them.

The workbook, distilled

Study Notes

Nine units covering the full XXI-A syllabus. Tap a unit to open it.

Active recall

Practice

Pick a topic. Options are shuffled each time; every miss is saved to your Error Book.

Applied practice

Case Studies

Your weak spots

Error Book

Questions you got wrong, saved for a second pass. Master them, then clear them.

Go to the source

Official Sources

Everything here should be checked against NISM's own material before your exam.

NISM Certifications portal

Official exam registration, dates and fees.

Curriculum & workbook

Official XXI-A exam page, syllabus outline and workbook.

SEBI — Portfolio Managers

SEBI (Portfolio Managers) Regulations, 2020 and circulars.

APMI

Association of Portfolio Managers in India — distributor registration.

Disclaimer. Independent study aid, not affiliated with NISM, SEBI or APMI. Exam pattern (80 MCQ + 3 case-based sets, 100 marks) reflects the structure effective 15 March 2025; confirm current details on the NISM website.
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