NISM relaxes difficulty level in PMS examination for distributors

There is good news for MFDs who want to sell PMS. The National Institute of Securities Market (NISM) has relaxed the difficulty level in the PMS examination for distributors.

NISM has reduced the negative marking for every wrong attempt from 0.25% to 0.10%.

Also, NISM has updated the examination syllabus and distribution of weightage across topics to make it easier.

This came after the trade body – the Association of Portfolio Managers in India (APMI) requested the regulator to review the existing course material due to the high failure rate.

Here are some relaxed requirements to obtain this certificate:

• The examination consists of 100 multiple-choice questions

• Each question carries 1 mark

• Passing marks to obtain this certificate is 60%

• For every incorrect answer, there is 0.10% negative marking which means for 10 incorrect answers, 1 mark will be lost

• The duration is 2 hours, and the certification is valid for three years