NISM-Series-X-A: Investment Adviser (Level 1)
NISM-Series-X-A: Investment Adviser (Level 1)
NISM-Series-X-A: Investment Adviser (Level 1)
The NISM Series-X-A: Investment Adviser (Level 1) exam has been developed for building a common minimum knowledge benchmark for each investment adviser or principal officer of a non-individual investment adviser, as per the SEBI (Investment Advisers) Regulations, 2013 and persons associated with investment advice.
- Level 1 - NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination
- Level 2 - NISM-Series-X-B: Investment Adviser (Level 2) Certification Examination
The NISM Series-X-A: Investment Adviser (Level 1) focuses to upgrade the quality of investment advisory and related services in the financial services industry.
Exam Requirement
In order to fulfill the requirements under SEBI (Investment Advisers) Regulations, 2013 an individual investment adviser or principal officer of a non-individual investment adviser, registered under SEBI (Investment Advisers) Regulations, 2013 as well as persons associated with investment advice are required to qualify both the levels
- NISM-Series-X-A: Investment Adviser (Level 1)
- NISM-Series-X-B: Investment Adviser (Level 2)
NISM Series-X-A: Investment Adviser (Level 1) Exam Objectives
Candidate passing the exam should have the knowledge of the given knowledge areas -
- Understanding of personal financial planning, time value of money, evaluating the financial position of clients, debt management and loans.
- In-depth knowledge of Indian Financial Markets and Indian Securities market segments
- Understanding different kinds of investment products— equity, debt, derivatives and managed portfolios such as mutual funds, portfolio management services and alternative investment funds.
- Good knowledge about portfolio construction, performance monitoring and evaluation.
- Overall understanding about the operational aspects of investment management, key regulations, ethical issues for investment advisers and grievance redress system.
Exam Format and Information
Exam Name NISM-Series- X-A: Investment Adviser | Exam Code (Level 1) |
| Exam Duration 180 mins | Exam Format Multiple Choice |
| Exam Type Intermediate | Number of Questions 135 Questions |
| Exam Validity 3 Years | Exam Status Live |
| Exam Language English | Pass Score 60% and above |
NISM-Series-X-A: Investment Adviser (Level 1) FAQs
What variety of questions appears in the exam?
There will only be multiple-choice and multi-response questions covered in the exam.
Is there any assistance from Testprep Training in terms of exam preparation?
Yes, Testprep Training offers email support for any certification related query while you are preparing for the exam using our practice exams. Your query will be handled by experts in due course.
What number of questions will there be in the exam?
There will be 100 questions in the exam.
Does Testprep Training offer Money Back Guarantee for the Exam Simulator?
Yes, we offer a 100% unconditional money back guarantee. In case you are not able to clear the exam for then you can request for the full refund. Please note that we only refund the cost of product purchased from Testprep Training and not the NISM-Series- X-A: Investment Adviser (Level 1) Certification Exam cost.
Do TestprepTraining provide practice set questions for NISM-Series- X-A: Investment Adviser (Level 1) Certification Exam?
TestprepTraining provides unique sets of questions that will help you check your skills and knowledge in performing data analysis on Excel. These practice questions will help you increase your knowledge for better preparation of exam.
Do you provide any preparation guidance for this certification exam?
Yes our experts frequently blog about the tips and tricks for exam preparation.
Do you offer any discount on the bulk purchase?
Yes we offer nearly 50% discount for the order more than 10 products at a time. You can reach the testprep training Helpdesk for more details. The member of support staff will respond as soon as possible.
For how long is the license valid after purchase?
Once purchased, the practice exams can be access for the lifetime.
Can we try the free test before purchasing the practice exam?
Yes testprep training offers free practice tests for the NISM-Series- X-A: Investment Adviser (Level 1) Certification Exam which can be used before the final purchase for complete test.
How do I renew my certificate?
To renew your current certificate, you need to appear for NISM CPE for Investment Adviser (Level 1) or successfully pass the NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination before the expiry of such certificate.
Is there any prerequisite for the exam?
There are no prerequisites required for NISM-Series- X-A: Investment Adviser (Level 1) Certification Exam.
Examination Objectives:
On successful completion of the examination the candidate should:
• Know the basics of investment advisory, steps in the advisory process, making and implementation of financial plan.
• Understand how to evaluate different products, their suitability and how the recommendation of the same can impact investment risks, returns and strategies in a personal finance environment for investors and prospective investors in the market.
• Get oriented to the Income tax, Wealth tax and legalities of Estate planning in personal finance, and regulatory aspects underlying advisory.
• Get acquainted with financial planning as an approach to investing, insurance, retirement planning and an aid for advisers to develop long term relationships with their clients.
What is the validity period of the certificate?
The certificate will be valid for 3 years from the date of the examination.
How the exam scores are calculated?
After the completion of your exam, the points you earned on each question are totaled and then compared with the cut score to determine whether the result is pass or fail.
What is the assessment structure?
The examination consists of 100 questions of 1 mark each and should be completed in 2 hours. The passing score for the examination is 60%. There shall be negative marking of 25% of the marks assigned to a question for each wrong answer.
What is the fee structure of the exam?
The fees for NISM-Series- X-A: Investment Adviser (Level 1) Certification Exam is Rupees One Thousand Five Hundred only (Rs. 1500/-).
What is the passing score of the exam?
The candidate has to secure 60% in order to pass the exam.
What is NISM-Series-VIII: Equity Derivatives Certification Exam?
Revised NISM-Series- X-A: Investment Adviser (Level 1) Certification Examination w.e.f January 25, 2020.
The examination seeks to create a common minimum knowledge benchmark for all associated persons registered as an investment adviser and partners and representatives of investment advisers under SEBI (Investment Advisers) Regulations, 2013 and offering investment advisory services.
NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination is the level 1 examination.
An associated person shall be required to pass both the levels (i.e. NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination and NISM-Series-X-B: Investment Adviser (Level 2) Certification Examination) tofulfill the requirements under Regulation 7(2) of the SEBI (Investment Advisers) Regulations, 2013.
The certification aims to enhance the quality of investment advisory and related services in the financial services industry.
Who are the intended audience for the exam?
The following persons can take NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination:
1. Investment Advisers and their associated persons, including their representatives and partners
2. Interested students/professionals
3. Any other Individual
How many questions will be there in the exam?
There will be 100 questions which have to be completed in 120 minutes.