NISM Series-X-B: Investment Adviser (Level 2) Certification Examination
Enhance the quality of services as rendered by the Depository Participants
Course Highlights
Earn a certificate after passing an exam from NISM
Overview
Skills you will learn!
Derivatives
Finance
Commodity Trading
Futures
Derivatives Trading
Trading
Risk Management
Commodities
Forwards
Name of Module: NISM-Series-V-A: Mutual Fund Distributors Certification Examination?
 • Duration 120 mins
 • Format Multiple Choice
 • Number of Questions 100 Questions
 • Validity of Certificate: 3 Years
 • Exam Language English
 • Pass Score 50%
 * No negative marks for incorrect answers.
 + Payment gateway charges extra.
 # Passing Certificate will be issued only to those candidates who have furnished/ updated their Income Tax
  Permanent Account Number (PAN) in their registration details.
Course Curriculum
A. Some Simplistic/Common Examples
B. Need for Insurance
C. Fundamental Principles of Insurance
D. Concepts in Insurance
E. Role of Insurance in Personal Finance
F. Investing through Insurance
G. Role of Insurance Adviser
H. Regulations pertaining to Insurance
A. Life Insurance Products
B. Life Insurance Needs Analysis
C. Types of Life Insurance Products
D. Facilities available under life insurance policies
E. Insurance under Married Women’s Property Act (MWPA)
F. Benefits/Limitation and Provisions when insurance taken from
multiple companies
G. Criteria to evaluate various life insurance product
H. Global coverage for different life insurance products
A. Non-Life Insurance
B. Benefits/limitations and provisions when insurance is taken from
multiple companies
C. Understand the criteria to compare various insurance products
D. Understanding global coverage for different General Life insurance
products
A. Need of Retirement Planning
B. Financial goals and Retirement
C. Retirement Planning
D. Estimating Retirement Corpus
E. Employee benefits and superannuation benefits
A. Accumulation related products
B. Portfolio created by an Investment Adviser
C. Distribution Related Products
A. Advisor’s role in Retirement Planning
B. Calculations for Retirement Planning
C. Criteria to evaluate various retirement benefit products
D. Discuss about Philanthropy
A. Framework
B. Key concepts
C. Income
D. Residential status
E. Five Heads of Income
F. Clubbing of Income
G. Set off and Carry forward of Losses
H. Exempt incomes
I. Deductions under Chapter VI-A
J. Rebate under section 87A
K. Minimum Alternate Tax (MAT)
L. Alternate Minimum Tax (AMT)
M. Gross Total Income
N. Total Income
O. Computation of Tax Payable
P. Double Tax Avoidance Agreement (DTAA)
Q. Taxation Regime
R. Maximum Marginal Rate of Tax (MMR)
S. Effective Rate of Tax
T. Tax Alpha
U. General Anti-Avoidance Rules (GAAR)
A. Basic Concepts
B. Capital asset
C. Types of Capital Asset
D. Transfer
E. Computation of Capital Gains from Transfers
A. Introduction
B. Dividend Income
C. Interest on Securities
D. Gift of Securities
E. Shares issued at Premium by closely-held Company
F. Applicability of Income Computation and Disclosure Standards (ICDS)
A. Sources of Income from Debt Products
B. Types of Debt Products
C. Mutual Funds
D. Masala Bonds
E. Foreign Currency Convertible Bonds
F. Financial Securities
G. Taxation of Non-residents
A. Sources of Income
B. Listed Equity Shares
C. Tax Treatment of Unlisted Equity Shares
D. Tax Treatment of Preference Shares
E. Tax Treatment for GDR/ ADR
F. Tax Treatment of Shares Warrants
G. Tax Treatment of Mutual Funds
H. Tax Treatment of Derivatives
I. Dividend Stripping
J. Bonus Stripping
K. Benefits not allowed from Capital Gains
L. Adjustment of Exemption Limit from Capital Gains
M. Overview of Taxation of Equity Products
A. Taxation of Employees Stock Option Plan (ESOP)
B. Sovereign Gold Bonds (SGBs)
C. National Pension System (NPS)
D. Real Estate Investment Trust (REIT)
E. Infrastructure Investment Trust (InVIT)
F. Alternative Investment Funds (AIFs)
G. Exchange Traded Funds (ETFs)
H. Tax aspects of Life Insurance Products
I. Tax aspects of Reverse Mortgage
J. Taxation of other Derivative Products
A. Taxation of Bonus Shares
B. Taxation on Share Split or Consolidation of Shares
C. Taxation of Buyback of Shares
D. Taxation of Companies in Liquidation
E. Taxation of Rights Issues
F. Taxation in case of Mergers & Acquisitions
G. Taxation in case of Stock Lending and Borrowing
H. Taxation in case of conversion of Preference Shares into Equity Shares
I. Taxation in case of Conversion of Stock into Capital Asset
J. Taxation in case of Segregated Portfolios of Mutual Funds
K. Taxation in case of Consolidation of Mutual Fund schemes or plans
L. 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
A. Estate Planning
B. What Constitutes Estate?
C. Elements of Estate Planning
D. Applicable Laws
E. Mutation
A. Various tools for estate planning
B. Concept of Wills
C. Probate Process
D. Gifts, Joint Holding and Nominations
E. Family Settlement
F. Trust-Characteristics and Regulations
G. Powers of Attorney
A. Behavioural Finance versus Standard Finance
B. How do individuals make decision?
C. Categorization of Biases
D. Fusion Investing
E. Behavioural Finance explains Market Anomalies
F. Behavioural Finance explains Bubbles and Crashes
A. Role of emotions in goal setting
B. Nudging the investor to behave better
C. Role of Investment Adviser in management of client emotions
A. Risk profiling for investors and risk profiling approach
B. Parameters for risk profiling
C. Role of Risk profiling in Asset allocation
A. Performance data for investment products
B. Attribute portfolio performance and Evaluation of investment
alternatives
C. Other Comparatives
A. 20.1 Case 1
B. 20.2 Case 2
C. 20.3 Case 3
D. 20.4 Case 4
Certificate Benefits:
- Better Job Opportunities and Career Advancement in the Financial Sector
- Improved knowledge and understanding of mutual fund products, which can help you provide better advice and service to your clients.
- Stay up-to-date
About Course Provider
About NISM:
National Institute of Securities Markets (NISM) is a public trust established in 2006 by the Securities and Exchange Board of India (SEBI), the regulator of the securities markets in India. The institute carries out a wide range of capacity building activities at various levels aimed at enhancing the quality standards in securities markets.
The institute’s six schools of excellence work in synergy towards creating professionalized 25 SEBI-mandated and voluntary examinations on various product and functional domains of securities markets conducted across 250+ accredited test centres across the country.
About Empirical F&M Academy:
A Centre of Excellence for Professional Trading Development and Enchase Empirical Academy, the education and training programmes have been spe- cially designed to meet the different needs of individuals and professionals. The education delivery formats such as seminars, courses and e-Training allow participants to choose their preferred mode of learning and achieve the desired learning outcomes.
Empirical Training Institute with long-term and Short term Job Oriented skill development courses with offline and online classes. Our specialization is in Job Oriented TrainingÂ
