NISM Series XXI-B Practice coming soon Mandated by SEBI
NISM Series XXI-B: Portfolio Managers
Preparation resources for the NISM NISM-Series-XXI-B Portfolio Managers certification examination.
- Duration
- 180 min
- Questions
- 120
- Maximum marks
- 150
- Pass mark
- 60%
- Negative marking
- 25%
- NISM fee
- ₹3,000
Verified 13 Oct 2026 from NISM's official certification listing. Certificate valid 3 years. NISM currently lists all certification examinations as online, remote-proctored.
Structure: 90 multiple-choice questions (1 mark) plus 6 caselets × 5 questions × 2 marks.
Syllabus and chapter weightage
Workbook version: September 2025| # | Chapter | Actions |
|---|---|---|
| 1 | Investments | |
| 2 | Introduction to Securities Markets | |
| 3 | Investing in Stocks | |
| 4 | Investing in Fixed Income Securities | |
| 5 | Derivatives | |
| 6 | Mutual Fund | |
| 7 | Role of Portfolio Managers | |
| 8 | Operational Aspects of Portfolio Managers | |
| 9 | Portfolio Management Process | |
| 10 | Taxation | |
| 11 | Regulatory, Governance and Ethical Aspects of Portfolio | |
| 12 | Introduction to Indices | |
| 13 | Concept of Informational Efficiency | |
| 14 | Behavioural Finance | |
| 15 | Introduction to Modern Portfolio Theory | |
| 16 | Introduction to Capital Market Theory | |
| 17 | Risk | |
| 18 | Equity Portfolio Management Strategies | |
| 19 | Fixed Income Portfolio Management Strategies | |
| 20 | Performance Measurement and Evaluation of Portfolio | |
| 21 | Portfolio Rebalancing |
NISM Series XXI-B: frequently asked questions
How many questions are there in the NISM Series XXI-B exam?
The NISM Series XXI-B exam has 120 questions for 150 marks, to be answered in 180 minutes. 90 multiple-choice questions (1 mark) plus 6 caselets × 5 questions × 2 marks.
What is the passing mark for NISM Series XXI-B, and is there negative marking?
You need 60% to pass. Each wrong answer costs 25% of the marks for that question, so guessing has a price.
What is the fee for the NISM Series XXI-B exam and how long is the certificate valid?
NISM lists the fee as ₹3,000. The certificate is valid for 3 years. NISM currently lists all certification examinations as online, remote-proctored.
Are these official NISM questions?
No. Integrato Digital is an independent practice platform and is not affiliated with or endorsed by NISM. Every question and lesson is original, written to the published NISM syllabus and test objectives.
Registering for the exam
Registration, scheduling, fees and certificates are handled only by NISM. Use the official page to register:
Official NISM Series XXI-B page on nism.ac.in
NISM also publishes the official workbook for each exam on its website. Our questions and notes are original and are written to complement it, not replace it.