To Apply - Apply NISM LInk
More detail - PGP(PM/IA/RA) - National Institute of Securities Markets (NISM)
FAQs PGP (PM-IA-RA)
Important Dates for AY 2025-26
| Particulars | Date |
|---|---|
| Start Date for Application | February 01, 2025 |
| Last Date for Application | May 15, 2025 |
| Date of commencement of interviews | Dates will be communicated separately |
| Declaration of 1st Merit List | May 20, 2025 |
| Commencement of Program | July 05, 2025 |
Thanks i will recheck
Applied in NISM for PG course?
Hi Mr. Ashish,
Is it possible to connect with you on DM for a bit more guidance?
Hey, I had a doubt. Please if anyone can help me with this. If I am a BBA graduate but in my third year I took marketing as my major but I have stuided accounting, stock market, income tax etc in my other year, will i be eligible to become an RA? Please if someone can help me with this?
I think you qualify. Read below, the qualification criteria does include âBusiness Managementâ
âA professional qualification or graduate degree or post-graduate degree or post
graduate diploma in finance, accountancy, business management, commerce, economics,
capital market, banking, insurance, actuarial science or other financial services from a
university or institution recognized by the Central Government or any State Governmentâ
Hi Ashish. Thank you for such a detailed requirement list for an RA. It is really helpful. Iâm an NRI wanting to register as a RA. As per SEBI guidelines I have to have an agreement with an Indian registered RA (individual or firm). Do you know what kind of agreement this is ? Whom would I be able to collaborate to make such an agreement.?
I took my licence in 2023 and have been an analyst in the worst time to be a Research Analyst in India given the compliance environment. For every aspirant who wants to do proper BUY SIDE or SELL SIDE Research, I would definitely recommend them to register and spend 1.5-2 years as a SEBI Registered Analyst to understand every part of being an analyst from client facing role to compliance to research to networking.
You get a very good exposure.
Good Course. I am doing this and in Tri 3. But very very tough. Not walk in park.
Vignesh,
Unfortunately, I have no information on this. Apologies.
if I am salaried person can i eligible for it ?
Did not get your question.
The qualification criteria is on education not on your current job status. Having said that SEBI does expect you to do the RA role full-time. If you plan to continue doing the job after getting the registration, you will have to convince SEBI about the same.
Thinking of becoming a SEBI-registered Research Analyst?
Join the BSE x SEBI webinar and get all your questions answered step by step.
May 28, 2025
2:00 PM â 3:00 PM
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Do we have recording of this webinar?
My recent experience after completing the Post Graduate Diploma in Financial Management (PGDIFM) from IGNOU. I enrolled in June 2024 with the intention of obtaining a PG diploma in finance that would qualify me for applying for the SEBI Registered Analyst (RA). I appeared for the exams during the December 2024 and June 2025 cycles and received my final marksheet via speed post on November 4, 2025. Overall, the program has both advantages and disadvantages worth noting:
Pro: The program is relatively inexpensive compared to most other options available.
Cons:
Duration: The one-year course effectively took about 1.5 years to complete due to the slow administrative process.
Study Material Quality: The course material was, at times, incoherent and contained numerous errors. However, it did offer new areas of learning in certain aspects.
Communication and Support: Communication from the university is nearly non-existent. A student new to the system must be extremely proactive in figuring out the next steps independently. Queries submitted via the online portal often received no tangible help.
Data Privacy: A major issue is the circulation of personal contact numbers, leading to unsolicited calls from individuals offering paid assignment services.
Assignments and Grading: The program requires passing grades in both theory exams and assignments. A significant concern is that assignments are checked only once, with no provision for re-evaluation. Assignments are evaluated either by professors or outsourced evaluators at the local study centre, which one chooses during admission. I was failed in three out of five assignments in the first semester. No detailed marking or feedback was provided on the answer sheetsâjust a single total mark that resulted in the failure. When I inquired, the only justification I received was that the professor has 30 years of experience and knows the subject thoroughly.
Many cons, i also did PGPFP from NISM however i had withdrawn after 1st semester as there was no clear information the director was giving around eligibility for RA. Though there was RA subject in 2nd Semester.
They have written to SEBI to include PGPFP as eligible program for RA but who know this can take 6 months approx to get it approved and published as a final version.
I will also look for MBA but next year, will be looking for affordable degree, though not from govt based as we can count from your post already the number of CONS then pros.
If people are doing degrees and diplomas for RA, wait just 6 months. SEBI is about to change the rule and graduation would be sufficient.
This is official (link) now!!!
This was due for a while and I had given my comments on the draft regulations too. Now, we can expect an increase in number of RA and RIA, but the issue will be paperwork and even getting new clients for RAs/RIAs. Indians are notoriously uninclined to pay for advice. 
