NISMs Mumbai endeavour to make education more affordable for students from all walks of life and ensure that every deserving student gets an opportunity for quality education. Various categories of scholarships have been made available and designed to cater to different students. The following merit-based scholarships and tuition fee waiver schemes are offered at National Institute of Securities Market:

• Merit Scholarship: Students who have secured 1st rank at the preceding degree (in an examination where at least 120 students have taken exam in the respective University/ Institute) are eligible for 50% of the tuition fee waiver during the first year. Student shall secure at least 60% of marks along with 90% of attendance in each trimester of first year in order to continue to be eligible for 50% tuition fee waiver for the entire programme.
• Economically backward students: Economically backward students, with meritorious academic record are eligible for 50% of tuition fee waiver in the first year, whose parent/guardian income is less than INR 4.00 lakh per annum. A student shall secure at least 60% of marks along with 90% attendance in each trimester of first year in order to continue to be eligible for such tuition fee waiver.
• Students from local area: Students from Raigarh (MH) district securing admission in PGDM-SM program are eligible for 30% of tuition fee waiver in the first year. Student shall secure at least 60% of marks along with 90% of attendance in each trimester of first year in order to continue to be eligible for 50% tuition fee waiver for the entire program.
• Best performing Students: Students are eligible for 50% of tuition fee waiver for the second year for securing the first position/rank in the first year.
• Fee waiver for Students based on admission Merit criteria: Students with 1st Class and above in graduation level along with CAT / XAT / GMAT score of 75 percentile & above and other eligible test scores of 80 percentile & above are eligible for tuition fee waiver up to 50% only in the first year of study.
• SC/ST and backward class Students: Students from the SC/ST and Backward class category are eligible for a 50% tuition fee waiver in the first year, subject to the condition that they are selected through a competitive processin terms of prescribed eligibility criteria for selection.
• Children of employees of SEBI Registered entities: are eligible for 30% of tuition fee waiver in first year of study.
• Children and Spouse of SEBI and NISM Staff: Children and Spouse of Employees of SEBI/ NISM and support / outsourced staff of NISM are eligible for 40% of tuition fee waiver in the first year. They should secure at least 60% of marks along with 90% attendance in each trimester of the first year in order to continue to be eligible for such tuition fee waiver.

NISM LLM Scholarship

Scholarship of up to 30% of the tuition fee, based on merit and nationality of the students are in place.

Merit-based Scholarship: Foreign national/NRI/NRI Sponsored students who have secured more than 70 percent in the LL.B. or equivalent examination are eligible for scholarship as per the chart mentioned below:

For availing this scholarship, it is mandatory for students to submit a valid mark sheet of the LL.B. or equivalent examination. In case, where Institute/ Universities offer grade points/ CGPA, students have to provide the percentage equivalence certificate issued by the Registrar/Controller of Examination of the Institute/University. If required, students with a graduation degree (LL.B. or equivalent examination) from a foreign University may be asked to submit the equivalence certificate from Association of Indian Universities (AIU).

Nationality-based scholarship: The citizens of SAARC countries, Latin American countries and African countries are eligible for nationality based scholarship of 30% of the tuition fee amount. The students applying for scholarships under this category have to produce valid documents in support of their nationality.

Note(s):

• A student can apply for scholarship only under one of the above mentioned scholarship categories.
• The concession as applicable will be provided in the 2nd Instalment of fee. The student has to pay the full 1st Instalment fee.