Investment Adviser FAQs

The examination attempts to build a common body of knowledge amongst all aspirants about: –

1. Indian financial market and regulatory environment in Indian financial market.

2. Basics of investment advisory with details of investment advisory process.

3. Get oriented to different kind of investment products – equity, debt, derivatives and managed portfolios.

4. Understanding of wealth management, financial planning along with detailed insights into asset allocation, investment strategies, insurance planning, retirement planning, income tax and estate planning procedure; law and investor grievance redressal mechanisms.

NISM has specified this examination to be the requisite standard for a person who wishes to register as an investment adviser and representatives/partners of registered investment advisers under SEBI Regulation, 2013 and for a person who wishes to offer investment advisory services.

You can go through the detailed topics and their weightage in the examination at this link.

Investment Adviser Certification examination is gaining popularity amongst students and professionals working in the Financial Industry. An aspirant stands to gain:

1. Professional knowledge about Indian Financial Markets and the regulatory environment in financial markets.

2. Knowledge of basics of investment advisory and details of the investment advisory process.

3. Understanding of wealth management, financial planning with detail insights into asset allocation, investment strategies, insurance planning, retirement planning and tax and estate planning procedure, law and investor grievance redressal mechanism.

4. Wealth management and investment advisory services have gained prominence and respect in India. Investment adviser certificate holder gains access to tremendous wealth management and financial planning job opportunity with leading Banks, Financial Institutions and Non-Banking Financial Institutions (NBFC’s).

5. Certificate holder who meets minimum networth and examination conditions as laid out by SEBI, can choose to work as SEBI registered Independent Investment adviser.

6. Recently, larg Banks like SBI and Bank of Baroda have taken out specific job advertisements looking for Investment Advisors who have cleared this examination.

You need to register with National Institute of Securities Markets (NISM).

You can register on the website of National Institute of Securities Markets (NISM).

You will need PAN card to register along with the registration fees (Rs 1500/- for NISM Series X-A: Investment Adviser (Level 1) Certification Examination).

After successful registration, candidates may select a test centre, date and time slot of their choice on the Test Administrator’s website. Candidates are required to follow further instructions available on the Test Administrator’s websites.

The examination consists of 90 multiple choice questions and 9 caselets/case-based questions. The assessment structure is as follows:

Passing Marks: 60% which is 90 marks out of 150. Negative marking of 25% for every incorrect answer

Note: In case you want to avoid negative marking. If you are not sure about an answer you should leave the answer blank and no marks will be deducted.

Preparation time depends on the individual and his/her knowledge on the subject. As per our experience, it takes somewhere between 15-30 days to prepare for the examination with proper attention and regular revision of all topics.

CubeLearn offers online study material and question bank for preparation of NISM Series X-A: Investment Adviser (Level 1) Certification Examination.

The question bank  from CubeLearn has more than 300 MCQs and detailed case studies that covers all the topic of the workbook/study material of NISM . It provides explanations and detailed working on Microsoft excel for numericals and case studies to enhance learning and to understand concepts.

All questions are asked in MCQ+ case study  format (like real exam) and explanation of the answer is given for every question. This further helps in revision of the course and provides conceptual clarity.

The revision question banks will also  help to gauge your level of preparedness. Question bank consists of 2 Mock-test which are replicated like real examinations.

CubeLearn study material is prepared by certified Faculty / Trainers of the topic. Faculty / Trainers thoroughly go through the NISM study material for the topic, appear in the examinations,  before preparing the  study material.

Faculty / Trainers do their research and take feedback of CubeLearn students appearing for the topic certifications to update the CubeLearn study material at regular interval so as to keep it relevant for the current time.

You can check the recommended weightage for the Examination at the following link:

Investment Adviser Level 1 Certification Weightage

More than 97% of CubeLearn.com students have successfully cleared NISM Certification Exams.

The question bank is valid for 30 Days from the date of purchase of the subscription.

You can visit the below link to subscribe for the NISM Series X-A: Investment Adviser (Level 1) question bank from CubeLearn.com:

https://cubelearn.com/courses/investment-adviser-level-1-mock-test/

Post subscribing, you will be able to access your subscription on CubeLearn.com by using your login id and password of CubeLearn.

No, study material or videos cannot be downloaded from CubeLearn.com.    Student needs access to a Laptop / Computer / Mobile with internet connection and Microsoft Excel pre-loaded to take the course.

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

You can choose to go for NISM CPE for Investment Adviser (Level 1) program or appear for the NISM Investment Adviser (Level 1) Certification Examination and pass the same again before the expiry of your existing certificate.