An 800-question bank across all 12 chapters of the NISM-Series-XXI-A syllabus — markets and products, then how portfolio managers operate, measure performance, and follow SEBI rules. One sample question with its answer is free on every chapter page, and the free full-length mock needs only a free account.
A question bank and a score tell you where you stand. BullWiser also tells you what to study next. These features come with a free account.
Every mock you take is saved to your free account. An exam-readiness gauge shows your best score and how close you are to the pass mark for NISM Series XXI-A.
After each mock, every chapter is marked weak (below 60%), watch (60–74%) or strong (75%+), so you know exactly where marks are leaking.
The dashboard names the one chapter worth fixing next, so you revise where it matters instead of re-reading the whole workbook.
Average seconds per question plus your fastest and slowest areas, so you see where time is lost, not just marks.
Every attempt with date, score and pass/fail in one place, across all six NISM series under a single login.
Learn the syllabus, take a cold mock, fix the priority chapter, watch your pace, then re-test: a simple plan that works for any series.
Timed full-length mocks with NISM-accurate marking, including negative marking where the exam has it.
Every chapter page has free sample questions with explanations, and key chapters now carry exam-focused study notes in plain English.
Solved numerical questions and formula sheets for the calculation-heavy chapters.
Daily, weekly and all-time top scorers, a little healthy competition while you prepare.
Buy a mock pack, clear the real NISM exam, and claim ₹199 to your UPI. Conditions apply.
Passed mock attempts come with a certificate that anyone can check on BullWiser's verify page.
Full 120-minute mock with all 12 chapters and NISM-style scoring.
Start Full Mock Exam ▶NISM-Series-XXI-A is the Portfolio Management Services (PMS) Distributors Certification Examination. SEBI's notification of 7 September 2021 (SEBI/LAD-NRO/GN/2021/48) made it mandatory for associated persons engaged by a portfolio manager as distributors of PMS.
60 out of 100 marks (60%). The exam has 100 MCQs worth 1 mark each, over 120 minutes.
Yes. 10% of a question's marks is deducted for each wrong answer. Skipped questions carry no penalty.
NISM lists the fee as ₹1,500 (inclusive of GST), with payment gateway charges extra. Confirm the current fee on NISM's website before registering.
Three years. You can renew by retaking the exam or by attending NISM's Continuing Professional Education (CPE) programme for PMS distributors.
12 chapters: six on markets and products (investments, securities markets, stocks, fixed income, derivatives, collective investment vehicles) and six on PMS itself (role and operations of portfolio managers, the portfolio management process, performance measurement, taxation, and regulation and ethics).
Yes. A full 120-minute mock (100 MCQs, NISM-style scoring) is free with a free account, one sample question with its answer is free on each chapter page, and 40 numericals are free. The full 800-question bank comes with the ₹199 mock pack or the ₹199 notes PDF.
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