NISM-Series-X-A: Investment Adviser (Level 1): FAQ’s
Get solutions to all the unanswered questions and queries about the NISM-Series-X-A: Investment Adviser (Level 1) exam.
What is the exam about?
The NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination seeks to create a common minimum knowledge benchmark for an individual investment adviser or principal officer of a non-individual investment adviser, under SEBI (Investment Advisers) Regulations, 2013 and persons associated with investment advice.
The certification aims to enhance the quality of investment advisory and related services in the financial services industry.
What is the significance of the exam?
On successful completion of the Investment Adviser examination, the candidate should:
- Firstly, know the basics of investment advisory, steps in the advisory process, making and implementation a financial plan.
- Secondly, 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.
- Thirdly, get oriented to the Income-tax, Wealth tax, and legalities of Estate planning in personal finance, and regulatory aspects underlying advisory.
- Lastly, 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.
Towards what kind of audience is the exam targeted?
The following persons can take NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination:
- Firstly, Investment Advisers and their associated persons, including their representatives and partners
- Secondly, interested students/professionals
- Lastly, any other Individual
How do register myself to take the exam?
For registrations, candidates may visit https://certifications.nism.ac.in/nismaol/.
After successful registration, candidates may select a test center, date, and time slot of their choice on the Test Administrator website.
Visit HERE to refer to the registration guidelines.
How can I renew my certification?
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.
What are the objectives of the exam as per the curriculum?
- Firstly, Introduction to Indian Financial Market
- Secondly, Securities Market Segments
- Thirdly, Mutual Funds
- Fourthly, Investment Products
- Managing Investment Risk
- Also, Measuring Investment Returns
- Moreover, the Concept of Financial Planning
- Asset Allocation and Investment Strategies
- Furthermore, Insurance Planning
- Retirement Planning
- Also, Tax and Estate Planning
- Lastly, Regulatory Environment and Ethical Issues
What are the total number of questions in the exam?
There will be a total of 100 multiple-choice questions in the exam.
What is the passing score for the exam?
The candidate need to score a minimum of 60% to pass the certification examination.
Is there any negative marking in the exam?
Yes, there will be a negative marking of 25% of the marks assigned to a question
How long is the duration of the exam?
The exam duration is 120 minutes, i.e., 2 hours.
What is the cost to take the exam?
₹1500/- is the exam fees.
