Wealth Management Module (Intermediate) Practice Exam

Wealth Management Module (Intermediate) Practice Exam

The Wealth Management Module (Intermediate) examination validates candidates' extensive and diverse understanding of wealth management. This includes an understanding of various investment and structured products essential for long-term wealth accumulation, along with an awareness of the risks associated with these products and services. Additionally, it evaluates candidates' ability to assess clients' risk profiles and emphasizes the significance of asset allocation in wealth management strategies.

Who should take the exam?

The exam is best suited for:

• Students
• Investors
• Finance Professionals
• Anybody having interest in this subject

Exam Details 

• Exam Name: Wealth Management Module (Intermediate)
• Exam Languages: English
• Number of Questions: 60
• Passing score: 60%

Course Outline 

The Exam covers the given topics  - 

Topic 1: Overview of Financial Planning

• Background
• Role of Financial Planner
• Financial Planning Process
• Contract and Documentation
• Client Data Collection
• Client Data Analysis
• Life Cycle
• Wealth Cycle
• Risk Profiling and Asset Allocation
• Systematic Approach to Investing
  • Systematic Investment Plan (SIP)
  • Systematic Withdrawal Plan (SWP)
  • Systematic Transfer Plan (STP)
• Financial Plan
  • Goal-based Financial Plan
  • Comprehensive Financial Plan
• Financial Blood-Test Report (FBR)
• Financial Planning in India

Topic 2: Understand Wealth Management & The Economy

• Financial Planning to Wealth Management
• Economic Cycles and Indicators
  • Lag Indicators
  • Co-incident Indicators
  • Lead Indicators
• Interest Rate Views
• Currency Exchange Rate
• The Deficits
  • Revenue Deficit and Fiscal
  • Current Account Deficit

Topic 3: Learn about Investment & Risk Management: Equity

• Role of Equity
• Active and Passive Exposures
• Returns from Passive Exposure to S&P CNX Nifty
• Sector Exposure and Diversification
• Fundamental and Technical Analysis
• FundamentalValuationApproaches
• Investment and Speculation
• Leveraging

Topic 4: Understand Investment & Risk Management: Debt

• Role of Debt
• Deposits and Debt Securities
• Valuation of Debt Securities
• Yields and Interest Rate Risk
• Interest Rate and Debt Investments
• Credit Exposure and Debt Investments
• Concentration Risk
• Passive Investments in Debt

Topic 5: Investment & Risk Management: Alternate Assets

• Gold
  • Role of Gold
  • Gold Investment Routes
  • Rupee returns from Gold
• Real Estate
  • Role of Real Estate
  • Real Estate Investment Routes
  • Real Estate Indices

Topic 6: Investment Product & Services

• Derivatives
  • Futures
  • Options
• Mutual Fund
• Venture Capital / Private Equity Funds
• Hedge Funds
• StructuredProducts
• Portfolio Management Services (PMS)

Topic 7:  Investment Evaluation Framework

• Risk-ReturnFramework
• Risk
  • Standard Deviation
  • Beta
• Risk Adjusted Returns
  • Sharpe Ratio
  • Treynor Ratio
  • Alpha
• SSELECTIVVELLY-Invest Classification Scheme for Investment Products

Topic 8: Understand  Risk Profiling & Asset Allocation

• Risk Profiling
• Why Asset Allocation?
• Strategic Asset Allocation
• Tactical Asset Allocation
• Fixed Asset Allocation
• Flexible Asset Allocation
• Asset Allocation Returns in Equity and Debt
  • Fixed Asset Allocation with Annual Re-balancing
  • Flexible Asset Allocation
• Asset Allocation Returns in Equity, Debt and Gold
  • Fixed Asset Allocation with Annual Re-balancing
  • Flexible Asset Allocation
• Allocation to Speculation
• Diversification in Perspective

Topic 9: Risk Management through Insurance

• Risk Assessment
• Life Insurance
• Health Insurance
• General Insurance
• Safeguards in Insurance

Topic 10: Learn about Elements of Taxation

• Previous Year and Assessment Year
• Gross Total Income
• Income Tax Slabs
• Advance Tax
• Tax Deducted at Source (TDS)
• Exempted Income
• Deductions from Income
  • Section 80C
  • Section 80CCC
  • Section 80CCD
  • Section 80D
  • Section 80E
  • Section 80GG
• Long Term and Short Term Capital Gain / Loss
• Speculation Profit / Loss
• Capital Gains Tax exemption under Section 54EC
• Capital Gains Tax exemption under Section 54F
• Setting Off & Carry Forward

Topic 11: Taxation of Investment Products

• Dividend Tax / Tax on Income Distributed by Mutual Fun
• Securities Transaction Tax (STT)
• Capital Gains Taxation
• Taxation of Fixed Deposits and Fixed Maturity Plans
  • Fixed Deposits
  • Fixed Maturity Plans (FMP)
• Dividend and Growth Options in Mutual Fund schemes.
• Wealth Tax.

Topic 12: Understand Estate Planning

• Background
• Assets & Liabilities
• Nomination
• Inheritance Law
• Will
• Trust