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But I think NISM syllabus will help with regulatory exams?
Regulatory sector only ask for your LLB degree. Masters is only listed as preferred everywhere. I mean it might give you an advantage in your interview if you did your LLM from a reputed university but it's not a big enough factor.
But for a general career in financial sector regulatory laws (involving banking, exchange control, securities, insurance, etc.) LLM from NLSIU may be a better choice (given the pedagogy and the limited options highlighted by OP).
You can prepare for additional exams while undergoing your LLM. The schedule is not that hectic from what I know if you're already accustomed to NLU culture.
I have read a lot of posts here regarding the irrelevance of LLM if I want to go into Corporate later but the thing is I don't have a lot of options right now. Only offer I got was for 7LPA after applying on my own.
My main aim will be regulatory exams with corporate just as a backup, if I don't crack anything till my LLM ends.
My UG was from a Tier 2 NLU. Also before someone suggests a foreign degree, it is not economically feasible for me.