Series XXI-BNaya
Portfolio Managers
50 sawaalPass mark 60%Negative marking 25% / galat jawab
Exam ki taiyari
Series XXI-B: portfolio manager ka kaam samjho aur sawaal practise karo
NISM XXI-B portfolio managers ka exam hai. Paper ka dhaancha, 21 units aur practice ka rasta seedhi bhasha mein samjho.
Sawaal aur jawaab English mein hain, kyunki NISM ka exam paper bhi English mein hota hai.
Sawaal120har sawaal 1 ya 2 marks ka
Samay180 min3 ghante
Pass mark60%150 mein se 90 marks
Negative marking25%har galat answer par 0.25 ya 0.5 marks katte hain
NISM Series XXI-B Portfolio Managers
Exam ke niyam NISM ki site par 30 October 2026 ko padhe gaye. NISM ki site par aaj ke niyam dekho (naye tab mein khulta hai)
NISM Series XXI-B ka poora naam Portfolio Managers Certification Examination hai. Yeh exam portfolio management firms ke principal officers aur doosre employees ke liye bana hai. Ismein client ka portfolio banana, use sambhalna aur uska result naapna aata hai. Case studies ke sawaal bhi isi paper ka hissa hain.
- Risk aur return ka rishta samjho.
- Equity aur bond portfolio ki strategies padho.
- Performance naapne ke tareeke khud hisaab karke dekho.
- Official workbook ke saath har chapter ki practice karo.
Series XXI-B certification kis kaam ke liye hai
EXAM KYA HAI
Client ka portfolio chalane ka paper
Portfolio manager client ka paisa ek agreed plan ke hisaab se lagata hai. Har client ka plan alag ho sakta hai.
Is paper mein stocks, bonds, derivatives, risk, performance, tax aur niyam aate hain. Manager ko client ke saath imaandari se kaam karna hota hai.
Yeh kaun deta hai
Portfolio management firms ke principal officers aur doosre employees. Students, professionals aur koi bhi interested insaan bhi yeh exam de sakta hai.
Yeh is site par kyun hai
Client ka portfolio chalane ka paper. Iske return, risk aur drawdown ke paimane wahi hain jo site ke lessons aur calculators mein hain.
Exam format ek nazar mein
Sawaal120har sawaal 1 ya 2 marks ka
Kul marks15090 × 1 + 30 × 2
Samay180 min3 ghante
Pass mark60%150 mein se 90 marks
Negative marking25%har galat answer par 0.25 ya 0.5 marks katte hain
Certificate validity3 saalexam ki date se
180 minute mein 120 sawaal, kul 150 marks: 90 alag sawaal 1 mark ke, aur 6 case studies, har case study mein 5 sawaal 2 marks ke. Pass ke liye 60% chahiye. Galat answer par us sawaal ke 25% marks katte hain.
Exam ki fees yahan jaan-boojh kar nahi likhi. NISM har certification ki fees khud publish karta hai aur badalta rehta hai. Aaj ki fees nism.ac.in par dekho.
PAPER KA TAREEKA
Alag sawaal aur case, dono ki practice karo
Asli paper mein alag sawaal aur case studies hote hain. Case ke sawaal 2 marks ke hote hain. Neeche format aur marking NISM ke checked rules se aati hai.
Yahan ke practice sawaal alag sawaal hain. Case ki practice case studies wale page par karo.
Marking kaise hoti hai — aur yahan ka quiz use kaise lagata hai
Har sawaal 1 ya 2 marks ka hai. Paper 150 marks ka hai, aur pass ke liye 90 marks chahiye. Galat answer par us sawaal ke 25% marks katte hain — yahan 0.25 ya 0.5 marks. Khaali sawaal par na kuch milta hai, na katta hai. Isliye galat answer aur khaali sawaal ek jaise nahi hain.
Yahan ka practice quiz inhi figures se marks deta hai. Timed practice yahi pass mark aur yahi katauti lagati hai. Clock bhi isi paper ki raftaar se chalta hai (120 sawaal ke liye 180 minute).
Syllabus units, aur har unit kitne marks ki
21 practice topics, usi kram mein jis mein humare sawaal likhe gaye. Har row us topic ke poore sawaalon aur answers par le jaati hai. Har answer batata hai ki baaki options galat kyun hain. Yahan marks column nahi hai. Is exam ka per-unit weightage nahi mila, isliye nahi dikhaya.
Saare units ki samajh, Hinglish mein
Saare units ka matlab, aam galtiyan aur padhne ka tareeka neeche hai. Unit ke naam par click karo, woh khul jaayega.
Pehle market aur products samjho. Phir portfolio banana, risk aur result naapna dekho.
- Har chapter ke baad uske sawaal karo.
- Galat answer ki wajah padho.
Portfolio manager ka kaam samajhne ka rasta
PADHAI KA TAREEKA
Khud hisaab karo
Hisaab khud karo. Phir explanation se apna tareeka milao.
Investment Landscape and Required Return
Investment ki duniya
Investment mein paisa value aur future cash flow dekhkar lagaya jaata hai. Sirf kal ke daam par daav lagana investment nahi hai.
- Investment kehne se risk khatam nahi hota. Nuksaan dono mein ho sakta hai.
IS UNIT MEIN
Investment ki duniya
Investment mein paisa value aur future cash flow dekhkar lagaya jaata hai. Sirf kal ke daam par daav lagana investment nahi hai.
DHYAN
Yeh farq yaad rakho
Investment kehne se risk khatam nahi hota. Nuksaan dono mein ho sakta hai.
Introduction to Securities Markets and Participants
Securities market ki buniyaad
Primary market mein naye shares pehli baar bikte hain. Secondary market mein pehle se bane shares ka len-den hota hai.
- Exchange aur broker ka kaam alag hai. Har kisi ka role samjho.
IS UNIT MEIN
Securities market ki buniyaad
Primary market mein naye shares pehli baar bikte hain. Secondary market mein pehle se bane shares ka len-den hota hai.
DHYAN
Yeh farq yaad rakho
Exchange aur broker ka kaam alag hai. Har kisi ka role samjho.
Investing in Stocks and Equity Research
Stocks mein paisa lagana
Share company mein hissedari hai. Uska haq baaki logon ka paisa chukane ke baad aata hai.
- Dividend aur share ka daam pakka nahi hota. Share ko fixed interest wala bond mat samjho.
IS UNIT MEIN
Stocks mein paisa lagana
Share company mein hissedari hai. Uska haq baaki logon ka paisa chukane ke baad aata hai.
DHYAN
Yeh farq yaad rakho
Dividend aur share ka daam pakka nahi hota. Share ko fixed interest wala bond mat samjho.
Investing in Fixed Income Securities and Bond Valuation
Bonds aur fixed income
Bond par issuer interest aur aakhir mein paisa lautane ka vaada karta hai. Interest rate badalne par bond ka daam badalta hai.
- Rate badhe toh purane bond ka daam aksar girta hai. Coupon aur yield ko ek mat samjho.
IS UNIT MEIN
Bonds aur fixed income
Bond par issuer interest aur aakhir mein paisa lautane ka vaada karta hai. Interest rate badalne par bond ka daam badalta hai.
DHYAN
Yeh farq yaad rakho
Rate badhe toh purane bond ka daam aksar girta hai. Coupon aur yield ko ek mat samjho.
Derivatives in Portfolio Management
Derivatives
Futures aur options ka daam kisi aur cheez ke daam se juda hota hai. Inse risk kam bhi kiya ja sakta hai.
- Hedge ka matlab munafa pakka hona nahi hai. Contract ka size aur expiry zaroor dekho.
IS UNIT MEIN
Derivatives
Futures aur options ka daam kisi aur cheez ke daam se juda hota hai. Inse risk kam bhi kiya ja sakta hai.
DHYAN
Yeh farq yaad rakho
Hedge ka matlab munafa pakka hona nahi hai. Contract ka size aur expiry zaroor dekho.
Mutual Fund
Mutual fund
Mutual fund bahut logon ka paisa ek plan ke saath lagata hai. NAV ek unit ki value batata hai.
- Purana return future ka vaada nahi hai. Kharche aur exit load bhi dekho.
IS UNIT MEIN
Mutual fund
Mutual fund bahut logon ka paisa ek plan ke saath lagata hai. NAV ek unit ki value batata hai.
DHYAN
Yeh farq yaad rakho
Purana return future ka vaada nahi hai. Kharche aur exit load bhi dekho.
Role of Portfolio Managers in India
Portfolio manager ka role
Portfolio manager client ke liye ek agreed plan par paisa lagata hai. Discretionary mein faisla manager leta hai.
- Non-discretionary mein faisla client ka hota hai. Dono ko ek mat samjho.
IS UNIT MEIN
Portfolio manager ka role
Portfolio manager client ke liye ek agreed plan par paisa lagata hai. Discretionary mein faisla manager leta hai.
DHYAN
Yeh farq yaad rakho
Non-discretionary mein faisla client ka hota hai. Dono ko ek mat samjho.
Operational Aspects of Portfolio Managers (Onboarding and Fees)
Portfolio manager ka roz ka kaam
Fees, agreement, reporting aur client ka paisa alag rakhna is kaam ka hissa hai.
- Performance fee ka hisaab ek baar diye gaye munafe par dobara nahi hona chahiye. High-water mark yahi rokta hai.
IS UNIT MEIN
Portfolio manager ka roz ka kaam
Fees, agreement, reporting aur client ka paisa alag rakhna is kaam ka hissa hai.
DHYAN
Yeh farq yaad rakho
Performance fee ka hisaab ek baar diye gaye munafe par dobara nahi hona chahiye. High-water mark yahi rokta hai.
Portfolio Management Process and Asset Allocation
Portfolio banane ka process
Pehle client ka lakshya, samay aur risk sehne ki taakat samjho. Phir asset allocation tay karo.
- Ek hi company mein bahut zyada paisa risk badhata hai. Plan ki limit dekho.
IS UNIT MEIN
Portfolio banane ka process
Pehle client ka lakshya, samay aur risk sehne ki taakat samjho. Phir asset allocation tay karo.
DHYAN
Yeh farq yaad rakho
Ek hi company mein bahut zyada paisa risk badhata hai. Plan ki limit dekho.
Taxation
Tax ki samajh
Tax income ki kism aur rakhne ke samay par tika hota hai. Do deshon ke beech tax treaty rahat de sakti hai.
- Treaty har income ko tax se mukt nahi karti. Apne desh ke niyam bhi lagte hain.
IS UNIT MEIN
Tax ki samajh
Tax income ki kism aur rakhne ke samay par tika hota hai. Do deshon ke beech tax treaty rahat de sakti hai.
DHYAN
Yeh farq yaad rakho
Treaty har income ko tax se mukt nahi karti. Apne desh ke niyam bhi lagte hain.
Regulatory, Governance and Ethical Aspects of Portfolio Managers
Niyam, governance aur ethics
Manager ko client ka hit pehle rakhna hota hai. Conflict of interest saaf batana hota hai.
- Andar ki khabar par trade mat karo. Galat baat dikhe toh compliance ko batao.
IS UNIT MEIN
Niyam, governance aur ethics
Manager ko client ka hit pehle rakhna hota hai. Conflict of interest saaf batana hota hai.
DHYAN
Yeh farq yaad rakho
Andar ki khabar par trade mat karo. Galat baat dikhe toh compliance ko batao.
Introduction to Indices
Indices
Index kuch shares ka ek paimana hai. Use market ki chaal naapne ke liye banate hain.
- Har index ka weight ka tareeka alag ho sakta hai. Price weight aur market-cap weight alag hain.
IS UNIT MEIN
Indices
Index kuch shares ka ek paimana hai. Use market ki chaal naapne ke liye banate hain.
DHYAN
Yeh farq yaad rakho
Har index ka weight ka tareeka alag ho sakta hai. Price weight aur market-cap weight alag hain.
Concept of Informational Efficiency
Market kitni jaldi khabar pakadta hai
Efficient market mein nayi khabar jaldi daam mein aa jaati hai.
- Iska matlab yeh nahi ki daam hamesha sahi ho. Alag level ki efficiency samjho.
IS UNIT MEIN
Market kitni jaldi khabar pakadta hai
Efficient market mein nayi khabar jaldi daam mein aa jaati hai.
DHYAN
Yeh farq yaad rakho
Iska matlab yeh nahi ki daam hamesha sahi ho. Alag level ki efficiency samjho.
Behavioral Finance
Behavioral finance
Log kabhi kabhi soch ki galtiyan karte hain. Jaise kharid ka daam yaad rakhkar faisla lena.
- Ek hi baat ko fayda ya nuksaan kehkar batane se faisla badal sakta hai. Har baar ek jaisa tareeka rakho.
IS UNIT MEIN
Behavioral finance
Log kabhi kabhi soch ki galtiyan karte hain. Jaise kharid ka daam yaad rakhkar faisla lena.
DHYAN
Yeh farq yaad rakho
Ek hi baat ko fayda ya nuksaan kehkar batane se faisla badal sakta hai. Har baar ek jaisa tareeka rakho.
Introduction to Modern Portfolio Theory
Modern portfolio theory
Do assets saath milakar risk kam kar sakte hain, agar woh ek saath na hilein.
- Risk sirf alag alag assets ka jod nahi hota. Unka aapas ka rishta bhi dekho.
IS UNIT MEIN
Modern portfolio theory
Do assets saath milakar risk kam kar sakte hain, agar woh ek saath na hilein.
DHYAN
Yeh farq yaad rakho
Risk sirf alag alag assets ka jod nahi hota. Unka aapas ka rishta bhi dekho.
Introduction to Capital Market Theory
Capital market theory
CAPM batata hai ki market ke risk ke liye kitna return chahiye. Beta market ke saath chaal naapta hai.
- Beta har tarah ka risk nahi naapta. Alpha aur beta ka farq samjho.
IS UNIT MEIN
Capital market theory
CAPM batata hai ki market ke risk ke liye kitna return chahiye. Beta market ke saath chaal naapta hai.
DHYAN
Yeh farq yaad rakho
Beta har tarah ka risk nahi naapta. Alpha aur beta ka farq samjho.
Risk
Risk
Risk ke kai roop hain, jaise market, credit aur liquidity risk. Drawdown peak se girawat naapta hai.
- Risk naapna aur risk sambhalna alag kaam hain. Har risk ka apna tareeka hai.
IS UNIT MEIN
Risk
Risk ke kai roop hain, jaise market, credit aur liquidity risk. Drawdown peak se girawat naapta hai.
DHYAN
Yeh farq yaad rakho
Risk naapna aur risk sambhalna alag kaam hain. Har risk ka apna tareeka hai.
Equity Portfolio Management Strategies
Equity portfolio strategies
Passive strategy index ki tarah chalti hai. Active strategy index se behtar karne ki koshish karti hai.
- Smart beta ek tay rule par chalta hai. Woh har saal behtar return ka vaada nahi hai.
IS UNIT MEIN
Equity portfolio strategies
Passive strategy index ki tarah chalti hai. Active strategy index se behtar karne ki koshish karti hai.
DHYAN
Yeh farq yaad rakho
Smart beta ek tay rule par chalta hai. Woh har saal behtar return ka vaada nahi hai.
Fixed Income Portfolio Management Strategies
Bond portfolio strategies
Duration batata hai ki rate badalne par bond portfolio kitna hilega.
- Do payments ko match karne ke liye cash flow ka samay dekho. Sirf yield par faisla mat karo.
IS UNIT MEIN
Bond portfolio strategies
Duration batata hai ki rate badalne par bond portfolio kitna hilega.
DHYAN
Yeh farq yaad rakho
Do payments ko match karne ke liye cash flow ka samay dekho. Sirf yield par faisla mat karo.
Performance measurement and evaluation of Portfolio Managers
Performance naapna
Return ko risk ke saath dekho. Sharpe ratio risk ke mukable extra return naapta hai.
- Client paisa daale ya nikaale toh return naapne ka tareeka badal sakta hai. Sahi tareeka chuno.
IS UNIT MEIN
Performance naapna
Return ko risk ke saath dekho. Sharpe ratio risk ke mukable extra return naapta hai.
DHYAN
Yeh farq yaad rakho
Client paisa daale ya nikaale toh return naapne ka tareeka badal sakta hai. Sahi tareeka chuno.
Portfolio Rebalancing
Portfolio rebalancing
Rebalancing portfolio ko wapas agreed allocation par laata hai.
- Rebalancing ka kharcha aur tax bhi hota hai. Kab aur kitna karna hai, plan se tay karo.
IS UNIT MEIN
Portfolio rebalancing
Rebalancing portfolio ko wapas agreed allocation par laata hai.
DHYAN
Yeh farq yaad rakho
Rebalancing ka kharcha aur tax bhi hota hai. Kab aur kitna karna hai, plan se tay karo.
Is syllabus par khud ko test karo
Iski marking upar diye pass mark aur negative marking se hoti hai.
PADHAI KA RASTA
1 unit padho, phir khud answer do
Pehle market aur products samjho. Phir portfolio banana, risk aur strategies padho.
Hint dekho, answer chuno aur wajah padho. Galti wale vishay par phir lautkar aao.
Yeh practice official workbook ki jagah nahi leti. Exam ke liye NISM ki current workbook bhi padho.
Series XXI-B ke 150 practice questions
Ek-ek karke answer do aur turant wajah padho. Ya is paper jaisa timed set do: galat answer par 0.25 ya 0.5 marks katte hain, pass ke liye 60%.
Practice shuru karo →NISM Series XXI-B mock test
50 sawaal ke 3 fixed paper. Ghadi is exam ki raftaar se chalti hai, aur pass mark aur negative marking iske apne hain. Submit karte hi score aur har jawab ki wajah khulti hai.
Mock test do →Har series ka practice set
Baaki certifications ke sawaal bhi hain. Har ek apne pass mark aur marking rule se check hota hai.
Har series dekho →Kaunsa NISM exam aap par laagu hota hai
Kaunsi series aapke kaam ki hai, aur har series ke lessons aur tools.
Certification hub kholo →Is site ki baaki certifications
- Series VIII — Equity Derivatives
- Series V-A — Mutual Fund Distributors
- Series XV — Research Analyst
- Series VII — Securities Operations and Risk Management
- Series I — Currency Derivatives
- Series X-A — Investment Adviser (Level 1)
- Series IV — Interest Rate Derivatives
- Series VI — Depository Operations
- Series XVI — Commodity Derivatives
- Series XXI-A — Portfolio Management Services (PMS) Distributors
- Series XII — Securities Markets Foundation
- Series XIII — Common Derivatives
- Series III-A — Securities Intermediaries Compliance (Non-Fund)
- Series IX — Merchant Banking
- Series V-D — Mutual Fund - Specialized Investment Fund Distributors
- Series XIX-A — Alternative Investment Funds (Category I and II) Distributors
- Series II-B — Registrars to an Issue and Share Transfer Agents - Mutual Fund
- Series II-A — Registrars to an Issue and Share Transfer Agents - Corporate
Sources aur review date. Upar ke sawaalon ki ginti, kul marks, samay, pass mark, negative marking aur certificate validity NISM ke apne pages se hain, jo NISM-Series-XXI-B: Portfolio Managers Certification Examination ke liye 30 October 2026 ko padhe gaye. Har sawaal ke marks, pass ke marks aur galat answer par katne wale marks inhi figures se nikaale gaye hain. Is exam ke har unit ke published marks nahi mile, isliye yahan nahi diye. Doosri weightage tables andaaze hain. Unit headings in practice sawaalon ke kram mein hain. Inhe NISM ki published unit list se milaa kar dekho.
NISM Series XXI-B: aksar poochhe sawaal
NISM Series XXI-B exam mein kitne sawaal hote hain?
NISM-Series-XXI-B: Portfolio Managers Certification Examination mein 120 sawaal hote hain, kul 150 marks. Inhe 180 minute (3 ghante) mein karna hota hai.
NISM Series XXI-B mein pass hone ke liye kitne marks chahiye?
60%. 150 marks ke paper par iska matlab 90 marks hai, galat answers par negative marking lagne ke baad. Yeh NISM ke is exam ke apne page se 30 October 2026 ko milaaya gaya.
Kya NISM Series XXI-B mein negative marking hai?
Haan. Galat answer par sawaal ke 25% marks katte hain. Yahan har sawaal 1 ya 2 marks ka hai, isliye galat answer par 0.25 ya 0.5 marks katte hain. Khaali sawaal par na kuch milta hai, na katta hai. Isliye galat answer aur khaali sawaal ek jaise nahi hain.
NISM Series XXI-B ka certificate kitne saal valid rehta hai?
Exam ki date se 3 saal. NISM apne certifications ke liye Continuing Professional Education programme bhi chalata hai. Certificate expire hone se pehle nism.ac.in par revalidation ka aaj ka tareeka dekho.
Kya is page ke practice questions NISM Series XXI-B exam se liye gaye hain?
Nahi. LearnNifty ne yeh saare 150 sawaal is certification ke public NISM syllabus se likhe hain. NISM apna question bank publish nahi karta. Yeh sawaal syllabus ki practice karaate hain. Paper mein kya aayega, yeh nahi bata sakte.
NISM Series XXI-B ke syllabus mein kya aata hai?
Is certification ke humare practice questions 21 topics mein baante gaye hain: Investment Landscape and Required Return, Introduction to Securities Markets and Participants, Investing in Stocks and Equity Research, Investing in Fixed Income Securities and Bond Valuation, Derivatives in Portfolio Management, Mutual Fund, Role of Portfolio Managers in India, Operational Aspects of Portfolio Managers (Onboarding and Fees), Portfolio Management Process and Asset Allocation, Taxation, Regulatory, Governance and Ethical Aspects of Portfolio Managers, Introduction to Indices, Concept of Informational Efficiency, Behavioral Finance, Introduction to Modern Portfolio Theory, Introduction to Capital Market Theory, Risk, Equity Portfolio Management Strategies, Fixed Income Portfolio Management Strategies, Performance measurement and evaluation of Portfolio Managers, Portfolio Rebalancing. Practice set isi dhaanche par chalta hai. NISM is exam ka apna curriculum aur test objectives nism.ac.in par publish karta hai. Aapke exam ke liye jo workbook current hai, sirf wahi exam ka material hai.
LearnNifty ko NISM Series XXI-B exam ki yeh figures kahan se milti hain?
Sawaalon ki ginti, samay, pass mark, negative marking aur certificate validity NISM ke exam pages se hain, jo aakhri baar 30 October 2026 ko padhe gaye. Yahan ka quiz bhi inhi figures se marks deta hai. NISM inhe kabhi kabhi badalta hai, isliye register karne se pehle nism.ac.in par confirm karo.
Kya NISM Series XXI-B exam mein calculator allowed hai?
Test centre par haan. NISM ke candidate rules aapko apna calculator laane dete hain. Woh silent hona chahiye aur kisi computer se juda nahi hona chahiye. Remote proctored exam mein apna calculator use nahi kar sakte. Screen par ek scientific calculator milta hai. Exam se pehle nism.ac.in par NISM ke candidate rules check karein.
Upar ke figures se check hone wala Series XXI-B paper do
Published syllabus par likhe Series XXI-B sawaal, isi paper ke niyamon se check — pass ke liye 60%, galat answer par 0.25 ya 0.5 marks katte hain. Practice mode har option samjhata hai. Timed practice submit tak answers chhupati hai.
Series XXI-B practice questions kholoPaper Trading Practice trading desk par try karo