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) certification is designed for individuals acting as financial investment advisers or principal advisers of advisory firms, per the SEBI (Investment Advisers) Regulations, 2013. This certification is administered by the National Institute of Securities Markets (NISM)—a public trust established by the Securities and Exchange Board of India (SEBI).

This examination evaluates core advisory competencies, including client interaction, financial assessment, knowledge of investment products, and portfolio construction. Successfully earning this certification qualifies individuals to work as investment advisers or provide advisory services to clients—whether individuals or institutions—ensuring sound, regulation-compliant investment guidance.

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

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

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.

There will be 100 questions which have to be completed in 120 minutes.

Yes Skilr 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.

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

Yes our experts frequently blog about the tips and tricks for exam preparation.

Yes, Skilr 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.

There will be 100 questions in the exam.

There will only be multiple-choice and multi-response questions covered in the exam.

Skilr 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.

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.

Once purchased, the practice exams can be access for the lifetime.

There are no prerequisites required for NISM-Series- X-A: Investment Adviser (Level 1) Certification Exam.

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.

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 Skilr and not the NISM-Series- X-A: Investment Adviser (Level 1) Certification Exam cost.

Yes we offer nearly 50% discount for the order more than 10 products at a time. You can reach the Skilr Helpdesk for more details. The member of support staff will respond as soon as possible.

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.

The certificate will be valid for 3 years from the date of the examination.

The candidate has to secure 60% in order to pass the 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.

The fees for NISM-Series- X-A: Investment Adviser (Level 1) Certification Exam is Rupees One Thousand Five Hundred only (Rs. 1500/-).