NISM Series X-A Syllabus: Investment Adviser (Level 1)
All 6 chapters of the Investment Adviser (Level 1) workbook, with the weightage each carries in the exam.
The NISM Series X-A workbook is 6 chapters long, and the exam draws from all of them. What varies is how much each one is worth. The weightage column below is the most useful thing on this page, because it tells you where revision time actually pays.
This page lists what each chapter covers. Marks, timing and the pass mark are on the exam pattern page.
All 6 chapters and their weightage
Weightage is the share of the 150-mark paper each chapter contributes.
01
Chapter
Financial Planning Process
Weightage
15%
02
Chapter
Investment Products
Weightage
20%
03
Chapter
Portfolio Construction
Weightage
20%
04
Chapter
Risk Management and Insurance
Weightage
15%
05
Chapter
Retirement and Tax Planning
Weightage
15%
06
Chapter
Regulatory Framework
Weightage
15%
| # | Chapter | Weightage |
|---|---|---|
| 01 | Financial Planning Process | 15% |
| 02 | Investment Products | 20% |
| 03 | Portfolio Construction | 20% |
| 04 | Risk Management and Insurance | 15% |
| 05 | Retirement and Tax Planning | 15% |
| 06 | Regulatory Framework | 15% |
What each chapter covers
The workbook's own scope, chapter by chapter:
- 01. Financial Planning Process (15%)
- Goal setting, risk profiling, financial statements, cash flow analysis
- 02. Investment Products (20%)
- Equity, debt, MF, insurance, real estate, gold, alternative assets
- 03. Portfolio Construction (20%)
- Asset allocation, diversification, Modern Portfolio Theory, Sharpe ratio
- 04. Risk Management and Insurance (15%)
- Life, health, general insurance; risk management in financial planning
- 05. Retirement and Tax Planning (15%)
- EPF, NPS, PPF, retirement corpus calculation, tax-efficient investing
- 06. Regulatory Framework (15%)
- SEBI IA Regulations 2013 (amended), code of conduct, disclosure, fee structure
Free account, this exam preselected.
Where the marks concentrate
The heaviest chapter here is Investment Products at 20%. With a pass mark of 90 out of 150 (60%) and no sectional minimum, scoring well on the top-weighted chapters gets you most of the way before the lighter ones are counted.