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NISM Series-X-A: Investment Adviser (Level 1)

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NISM Series-X-A: Investment Adviser (Level 1)

The NISM Series-X-A: Investment Adviser (Level 1) is a advisory focused certification for individual financial investment advisor or principal advisor of an advisory organization as per the rules and regulations stipulated under the SEBI (Investment Advisers) Regulations, 2013. The certification is offered by NISM (National Institute of Securities Markets), an puiblic trust formed by the SEBI (Securities and Exchange Board of India).

The certification focuses on assessing investment advisory skills covering client dealing, financial assessment of clients, various investment options and portfolio management. The certification enables individuals to be employed as investment adviser or offer their services fore effective investment advise to individuals or companies .

Why is NISM Series-X-A: Investment Adviser (Level 1) important?

  • Well-recognized certificate accepted by financial services industry in India.
  • Boosts your employability in roles related to investment advisory.
  • Certified candidates can also freelance or start their own business of investment advisory.
  • Certifies your knowledge of SEBI's compliance for investment advisers.
  • Validates your understanding of financial planning and personal finance.
  • Prepares candidates to offer client-specific and goal-based financial advice.
  • Helps advisers evaluate risk tolerance and investment goals of clients.
  • Enhances professional skills for new financial planners and wealth managers.
  • Validates awareness and compliance to ethical practices and professional standards in investment advisory services.

Who should take the NISM Series-X-A: Investment Adviser (Level 1) Exam?

  • Investment Adviser
  • Financial Planner
  • Wealth Manager
  • Relationship Manager
  • Client Portfolio Manager
  • Mutual Fund Distributor
  • Insurance Advisor
  • Financial Consultant
  • Independent Financial Advisor (IFA)
  • Private Banker

NISM Series-X-A: Investment Adviser (Level 1) Certification Course Outline
The NISM Series-X-A: Investment Adviser (Level 1) Certification covers the following topics -

Section 1. Introduction to Personal Financial Planning
Section 2. Time Value of Money
Section 3. Evaluating the Financial Position of Clients
Section 4. Debt Management and Loans
Section 5. Introduction to the Indian Financial Markets
Section 6. Securities Market Segments
Section 7. Introduction to Investment
Section 8. Investing In Stocks
Section 9. Investing In Fixed Income Securities
Section 10. Understanding Derivatives
Section 11. Mutual Funds
Section 12. Portfolio Manager
Section 13. Overview of Alternative Investment Funds (AIFs)
Section 14. Introduction to Modern Portfolio Theory
Section 15. Portfolio Construction Process
Section 16. Portfolio Performance Measurement and Evaluation
Section 17. Operational Aspects of Investment Management
Section 18. Key Regulations
Section 19. Ethical Issues
Section 20. Grievance Redress Mechanism

NISM Series-X-A: Investment Adviser (Level 1) FAQs

It is a certification that provides foundational knowledge to professionals offering investment advisory services, in compliance with SEBI regulations.

It is ideal for investment advisers, financial planners, wealth managers, and other professionals providing investment advice.

The exam covers personal financial planning, investment products, risk management, regulatory frameworks, and ethical standards.

There are no specific eligibility requirements, but it is aimed at professionals working in or aspiring to work in financial advisory roles.

The exam consists of multiple-choice questions (MCQs) with a duration of 3 hours.

The fee for the exam is approximately INR 1500, but it’s best to confirm the latest fee on the NISM website.

You can register online via the NISM portal by selecting the exam, choosing a test center, and paying the applicable fee.

It opens up job opportunities as an investment adviser, wealth manager, financial planner, or relationship manager in financial institutions.

You’ll gain skills in personal financial planning, risk management, asset allocation, and understanding of regulatory and ethical frameworks.

It is primarily recognized in India but provides relevant financial advisory skills that may be useful in global markets.

Yes, you can retake the exam by paying the exam fee again.

You can apply for roles like investment adviser, financial planner, wealth manager, and portfolio manager, among others.

No prior work experience is required, but knowledge of financial markets and products will be beneficial.

Yes, there is a negative marking of 25% of the assigned marks for each incorrect answer.