NISM Series-X-B: Investment Adviser (Level 2) Certification Examination : Latest Syllabus

NISM Series-X-B: Investment Adviser (Level 2) Certification Examination| Latest Syllabus | How to Pass Exam | Mock Test Series

In this article, we’ve covered everything you need to know about the NISM Series-X-B Investment Adviser (Level 2) Certification Examination, including the Syllabus, Registration and Fees, Marking, Duration, Validity, and more.

The examination seeks to create a common minimum knowledge benchmark for an individual investment adviser or principal officer of a non-individual investment adviser, under SEBI (Investment Advisers) Regulations, 2013 and persons associated with investment advice. An individual investment adviser or principal officer of a non-individual investment adviser, registered under SEBI (Investment Advisers) Regulations, 2013 and persons associated with investment advice are 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 SEBI (Investment Advisers) Regulations, 2013.

The certification aims to enhance the quality of investment advisory and related services in the financial services industry

Examination Pattern:

There will be a total of 120 questions with a maximum mark of 150 in the examination. The duration of the test is three hours, and the qualifying mark (%) is 60. The fee for this certification exam is Rs.3000. This certification course has a three-year validity period.

Examination Syllabus:

The syllabus for the NISM Certification Exam differs depending on whatever NISM exam participants choose. Here is the syllabus for the NISM Series-X-B: Investment Adviser (Level 2) Certification Examination

NISM Series-X B Investment Adviser Mock Tests – Certification Examination

MODULE 7: RISK MANAGEMENT AND INSURANCE PLANNING

I.BASICS OF INSURANCE
A. Some Simplistic/Common Examples

  1. Need for Insurance
  2. Fundamental Principles of Insurance
  3. Concepts in Insurance
  4. Role of Insurance in Personal Finance
  5. Investing through Insurance
  6. Role of Insurance Adviser
  7. Regulations pertaining to Insurance

 II.LIFE INSURANCE PRODUCTS

  1. Life Insurance Needs Analysis
  2. Types of Life Insurance Products
  3. Facilities available under life insurance policies
  4. Insurance under Married Women’s Property Act (MWPA)
  5. Benefits/Limitation and Provisions when insurance taken from multiple companies
  6. Criteria to evaluate various life insurance product
  7. Global coverage for different life insurance product

 III. NON-LIFE INSURANCE PRODUCTS
A. Non-Life Insurance

  1. Benefits/limitations and provisions when insurance is taken from multiple companies
  2. Understand the criteria to compare various insurance products
  3. Understanding global coverage for different General Life insurance products

MODULE 8: RETIREMENT PLANNING

VI.RETIREMENT PLANNING BASICS

A. Need of Retirement Planning

  1. Financial goals and Retirement
  2. Retirement Planning
  3. Estimating Retirement Corpus
  4. Employee benefits and superannuation benefits

V.RETIREMENT PRODUCTS
A. Accumulation related products
B. Portfolio created by an Investment Adviser
C. Distribution Related Products

VII.MISCELLANEOUS ASPECTS OF RETIREMENT PLANNING
A. Advisor’s role in Retirement Planning

B.Calculations for Retirement Planning

C.Criteria to evaluate various retirement benefit products
D. Discuss about Philanthropy

MODULE 9: TAXATION

VII. CONCEPTS IN TAXATION
A. Framework

  1. Key concepts
  2. Income
  3. Residential status
  4. Five Heads of Income
  5. Clubbing of Income
  6. Set off and Carry forward of Losses
  7. Exempt incomes
  8. Deductions under Chapter VI-A
  9. Rebate under section 87A
  10. Minimum Alternate Tax (MAT)
  11. Alternate Minimum Tax (AMT)
  12. Gross Total Income
  13. Total Income
  14. Computation of Tax Payable
  15. Double Tax Avoidance Agreement (DTAA)
  16. Taxation Regime
  17. Maximum Marginal Rate of Tax (MMR)
  18. Effective Rate of Tax
  19. Tax Alpha
  20. General Anti-Avoidance Rules (GAAR)

VIII. CAPITAL GAINS
A. Basic Concepts

  1. Capital asset
  2. Types of Capital Asset
  3. Transfer
  4. Computation of Capital Gains from Transfers

IX.INCOME FROM OTHER SOURCES

A. Introduction

  1. Dividend Income
  2. Interest on Securities
  3. Gift of Securities
  4. Shares issued at Premium by closely-held Company
  5. Applicability of Income Computation and Disclosure Standards (ICDS)

 X.TAXATION OF DEBT PRODUCTS

A. Sources of Income from Debt Products

  1. Types of Debt Products
  2. Mutual Funds
  3. Masala Bonds
  4. Foreign Currency Convertible Bonds
  5. Financial Securities
  6. Taxation of Non-residents

XI.TAXATION OF EQUITY PRODUCTS

  1. Sources of Income
  2. Listed Equity Shares
  3. Tax Treatment of Unlisted Equity Shares
  4. Tax Treatment of Preference Shares
  5. Tax Treatment for GDR/ ADR
  6. Tax Treatment of Shares Warrants
  7. Tax Treatment of Mutual Funds
  8. Tax Treatment of Derivatives
  9. Dividend Stripping
  10. Bonus Stripping
  11. Benefits not allowed from Capital Gains
  12. Adjustment of Exemption Limit from Capital Gains
  13. Overview of Taxation of Equity Products

XII. TAXATION OF OTHER PRODUCTS
A. Taxation of Employees Stock Option Plan (ESOP)

  1. Sovereign Gold Bonds (SGBs)
  2. National Pension System (NPS)
  3. Real Estate Investment Trust (REIT)
  4. Infrastructure Investment Trust (InVIT)
  5. Alternative Investment Funds (AIFs)
  6. Exchange Traded Funds (ETFs)
  7. Tax aspects of Life Insurance Products
  8. Tax aspects of Reverse Mortgage
  9. Taxation of other Derivative Products

XIII. TAX PROVISIONS FOR SPECIAL CASES

  1. Taxation of Bonus Shares
  2. Taxation on Share Split or Consolidation of Shares
  3. Taxation of Buyback of Shares
  4. Taxation of Companies in Liquidation
  5. Taxation of Rights Issues
  6. Taxation in case of Mergers & Acquisitions
  7. Taxation in case of Stock Lending and Borrowing
  8. Taxation in case of conversion of Preference Shares into Equity Shares
  9. Taxation in case of Conversion of Stock into Capital Asset
  10. Taxation in case of Segregated Portfolios of Mutual Funds
  11. Taxation in case of Consolidation of Mutual Fund schemes or plans
  12. Taxation in case of winding up of Mutual Funds


Annexure 1: Tax Rates for Assessment Year 2021-22

Annexure 2: Exemptions under Income-tax Act

Annexure 3: Cost Inflation Index

MODULE 10: ESTATE PLANNING

XIV. BASICS OF ESTATE PLANNING

  1. Estate Planning
  2. What Constitutes Estate?
  3. Elements of Estate Planning
  4. Applicable Laws
  5. Mutation

XV.TOOLS FOR ESTATE PLANNING
A. Various tools for estate planning

  1. Concept of Wills
  2. Probate Process
  3. Gifts, Joint Holding and Nominations
  4. Family Settlement
  5. Trust-Characteristics and Regulations
  6. Powers of Attorney

MODULE 11: BEHAVIOURAL FINANCE

XVI. BASICS OF BEHAVIOURAL FINANCE
A. Behavioural Finance versus Standard Finance

  1. How do individuals make decision?
  2. Categorization of Biases
  3. Fusion Investing
  4. Behavioural Finance explains Market Anomalies
  5. Behavioural Finance explains Bubbles and Crashes

XVII. BEHAVIOURAL FINANCE IN PRACTICE
A. Role of emotions in goal setting

  1. Nudging the investor to behave better
  2. Role of Investment Adviser in management of client emotions

MODULE 12: COMPREHENSIVE INVESTMENT ADVICE

XVIII. RISK PROFILING FOR INVESTORS
A. Risk profiling for investors and risk profiling approach

  1. Parameters for risk profiling
  2. Role of Risk profiling in Asset allocation

XIX. COMPARISON OF PRODUCTS ACROSS CATEGORIES
A. Performance data for investment products

  1. Attribute portfolio performance and Evaluation of investment alternatives
  2. Other Comparatives

CASE STUDIES IN COMPREHENSIVE FINANCIAL ADVICE

A. 20.1 Case 1

  1. 20.2 Case 2
  2. 20.3 Case 3
  3. 20.4 Case 4

How to Pass Examination:

As you already know Mock Tests or Online Test Series are very essential for passing any competitive examination. So, here in this article, we have come up with the online mock test series for NISM Series-X-B: Investment Adviser (Level 2) Certification Examination. Candidates who want to get NISM Series-X-B: Investment Adviser (Level 2) Certification can take our NISM Series-X-B: Investment Adviser (Level 2) Certification Examination Mock Test Series, which includes the most important and frequently asked questions in the exam. In this NISM Series-X-B: Investment Adviser (Level 2) Certification Examination Mock Test Series, candidates will also be given a full explanation of each question. This NISM Series-X-B: Investment Adviser (Level 2) Certification Examination Mock Test Series is prepared by working professionals. This NISM Series-X-B: Investment Adviser (Level 2) Certification Examination Mock Test Series is a good opportunity for all aspirants.

NISM Series-X-B: Investment Adviser (Level 2) Certification Examination Mock Test Series Includes:

  • 600 Total Questions
  • Detailed Explanation of each question
  • 150 Question & 180 Minutes for each mock
  • Based on Latest Pattern and Previous Year Paper

NISM Series-X-B: Investment Adviser (Level 2) Certification Examination Mock Test Series Salient Feature:

  • Actual Exam Pattern Based Mock Test Series
  • Language: English Medium
  • 100% Success Rate
  • Validity: 3 Months
  • Access on Web and APP 24/7
  • 24/7 support on Telegram | WhatsApp | Mail | Call

 

NISM Certification Courses : Eligibility , Scope , Validity & Complete Guide

NISM Series-X B Investment Adviser Mock Tests – Certification Examination

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