NISM Series X-B
Subjects: 6   |   Test Templates:  7   |   Intuitive Tests:  Unlimited   |   Test Attempted:  91

The NISM Series XB is one of two certfications required to become a qualified investment adviser under the SEBI (Investment Advisers) Regulations, 2013 and offer investment advisory services.  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) to fulfill 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.

Examination Objectives:

  1. On successful completion of the examination, the candidate should:
  2. Know the basics of investment advisory, steps in the advisory process, making and implementation of financial plan.
  3. 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.
  4. Get oriented to the Income tax, Wealth tax and legalities of Estate planning in personal finance, and regulatory aspects underlying advisory.
  5. 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.
  6. 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.

This course is designed to assist students in understanding the concepts covered in the course and to make themselves informed on application of these concepts.   The practice tests included in this course may not necessarily follow the construct of the latest format of the NISM exam.

Syllabus
Operational Aspects of Financial Transactions 9 5
  • Accounts for Non-Residents
  • Dematerialization & Rematerialization of Securities
  • Investor Types & Acquisition
  • PAN & KYC Process
  • POA & Other Agreements
Personal Financial Planning 10 5
  • Concept of Financial Planning
  • Estimating Financial Goals & Contingency Planning
  • Personal Finance Ratios
  • Preparing Household Budget
Regulatory and Compliance Aspects 11 5
  • Investor Grievance Redressal Mechanism
  • Redressal in Banking, Insurance & Pension Funds Regulation
  • Redressal in Capital Markets
  • Redressal Relating to Insurance
  • Regulations Relating to Alternative Schemes
  • Regulations Relating to Pension Funds
  • Regulatory Environment & Ethical Issues
  • SEBI (Investment Advisers) Regulations 2013
Understanding Securities Markets & Performance 16 5
  • Derivatives Markets
  • Equity Market Indicators
  • Foreign Exchange Markets
  • Investing in Debt - Risks & Returns
  • Investing in Equity - Risks & Returns
  • Options in Equity Investing
  • Workings of Debt Markets
  • Workings of Equity Markets
Comprehensive Financial Planning 17 5
  • Insurance - Role of Inv. Advisor
  • Retirement Planning
  • Risk / Return Optimization
  • Risk Profiling
  • Role of Debt in Financial Planning
Product Analysis & Selection 18 5
  • Asset Allocation & Investment Strategies
  • Evaluating Investment Alternatives
  • Evaluating Mutual Funds
  • Market Cycles & Asset Allocation
  • Model Portfolios
  • Risk, Return & Portfolio Construction
  • Selecting Mutual Funds