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NISM Series X B: Investment Adviser

This guide helps you pass the NISM Series X B: Investment Adviser (Level 2) exam. It shows you how to succeed as an investment adviser.

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Overview

What is NISM Series X B?

The NISM Series X B exam is the second of two tests for investment advisers. SEBI rules require this exam. It ensures people who give investment advice have the right knowledge. This test checks how you apply what you know. It builds on the Level 1 exam.

Importance of the Certification

You must pass both Level 1 and Level 2 exams to be a registered investment adviser. This certificate proves you have expert knowledge and high ethical standards. It makes investment advice better and safer. It shows you understand financial planning well. You also learn to manage client money and relationships.

Who Should Take the Exam?

Individual Investment Advisers
Leaders at advisory firms
Anyone giving investment advice
Financial planners
Students wanting a career in finance

Benefits of a Certified Investment Adviser

Regulatory Compliance: Meet SEBI's legal rule for investment advisers.
Advanced Knowledge: Learn financial planning, insurance, retirement, taxes, and estate planning.
Enhanced Credibility: Build trust with clients and employers. You will appear more professional.
Career Advancement: Get better job opportunities in finance.
Practical Skills: Use financial ideas in real life by practicing with case studies.

Exam Details

  • Exam Structure and Format
  • Computer based test
  • 135 (90 multiple-choice + 9 case studies)
  • Total 150 Marks
  • 3 hours to finish
  • Passing mark: 60%
  • Negative Marking: 25% for each wrong answer.
  • Exam Language Options
  • English.
  • Eligibility Criteria
  • Anyone can take the NISM Series X B exam.

Registration Process

  • How to Register
  • Go to the NISM website.
  • Create an account.
  • Upload your photo and PAN card.
  • Pick your exam, location, and time.
  • Pay the fee online.
  • Download your admit card and study guide.
  • Exam Fee and Payment Methods
  • Fee: The fee is ₹3,000 plus GST.
  • You can pay with a debit card, credit card, net banking, or UPI.
  • Exam Dates
  • The exam is available on many dates at test centers.

NISM Series X B: Syllabus

Download Official Syllabus PDF

Module 1: Understanding Securities Markets and Performance

Learn how stock markets work and affect investments.

Module 2: Knowing Operational Aspects of financial transactions

Learn the steps in a financial deal.

Module 3: Personal Financial Planning

Create a full financial plan for a family.

Module 4: Comprehensive Financial Planning

Use financial planning skills in real situations.

Module 5: Product Analysis and Selection

Pick the right financial products. Build an investment portfolio.

Module 6: Regulatory and Compliance Aspects

Know the rules for giving investment advice.

Module 7: Risk Management and Insurance Planning

Study insurance basics and life insurance.

Module 8: Retirement Planning

Learn about retirement products and an adviser’s role.

Module 9: Taxation

Understand how different investments are taxed.

Module 10: Estate Planning

Study the basics of estate planning and its tools.

Module 11: Behavioral Finance

Create financial plans, compare products, and understand client risk.

Module 12: Comprehensive Financial Advice

See how human behavior affects money choices.

Preparation Guide

Study Materials and Resources

Official NISM Study Material

Get the official study book when you sign up.

Mock Tests and Sample Papers

Use online mock tests to practice the exam's case study format.

Preparation Tips and Strategies

Time Management

  • Make a study schedule.
  • Practice solving case studies quickly.

Important Chapters to Focus On

  • Focus on Financial Planning and Product Selection.
  • Study the case study sections.

Common Mistakes to Avoid

  • Do not skip the official syllabus.
  • Do not wait until the last minute to study.
  • Take many practice tests.

Study Plan Recommendation

Week 1-2

  • Learn about stock markets and financial deals.

Week 3-4

  • Study personal and family financial planning.

Week 5-6

  • Learn about picking products and following rules.

Final Week

  • Focus on insurance and retirement. Practice many case studies and mock tests.

Study Materials and Resources

Download Official Syllabus PDF

Get the latest syllabus from NISM.

Links to Registration Portal

Register for the exam on the official NISM website.

Contact Information for Support

For help, email certification@nism.ac.in.

Useful Links

NISM Official Website
SEBI Website
NISM CPE Portal

Ready to Become a Certified Investment Adviser?

Start today. Sign up, use our study guides to get ready, and become a successful investment adviser.
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View Syllabus

Frequently Asked Questions

What is the validity of the certification?
The certificate is valid for 3 years.
To renew, take a CPE course or pass the exam again before it expires.

You can retake the exam. You must wait, then sign up and pay the fee again.

You see your score on the screen right after the exam.
Bring your admit card and a photo ID, like a PAN card or driver’s license.

Yes, you can use a simple calculator. Always check the official rules first.

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