20 articles
Time Value of Money is the highest-weighted early chapter in NISM X-A at 10 marks, and it's almost entirely calculation-based. Here's the exact formula set to memorize and the calculator-shortcut mistakes that cost candidates marks.
Chapter 4 of NISM X-A tests how well you understand loan structures, EMI calculations, and good vs. bad debt — 9 marks, with the highest number of case-based question sets of any early chapter in the syllabus.
Chapter 3 of NISM X-A covers cash flow statements, budgeting, and the ratios advisers use to assess a client's financial health — 9 marks that examiners like to test through case-based scenarios rather than direct definitions.
Chapter 14 covers SEBI Research Analyst Regulations 2014, registration requirements, code of conduct, and conflict of interest rules — all tested for 11 marks in NISM Series XV.
Chapter 12 carries 10 marks in NISM Series XV. Master standard deviation, beta, alpha, Sharpe ratio, Treynor ratio, and the difference between systematic and unsystematic risk with exam-ready examples.
Chapter 10 carries 16 marks — the highest of any chapter in NISM Series XV. Master P/E, P/B, DCF, EV/EBITDA, and DDM with exam-focused explanations and practice questions.
Chapter 1 of NISM Series X-A carries 9 marks and lays the foundation for the entire Investment Adviser Level 1 syllabus. Here's what actually shows up in the exam — the financial planning process, life-cycle stages, and the adviser's fiduciary role.
Indian mutual funds operate under a 3-tier legal structure: Sponsor, Trust, and AMC. Chapter 3 of NISM V-A carries 4 marks & covers net worth requirements.
NISM V-A Chapter 6 carries 6 marks on ARN registration, KYD norms & SEBI rules for fund distributors. Covers direct vs regular plans & compliance.
NISM V-A Chapter 11 evaluation techniques for mutual fund performance are crucial for 7 marks. Master benchmarks, rolling returns, and reading fund factsheets.
NISM V-A Chapter 2 explains mutual funds as trusts that pool investor money. This 6-mark chapter covers pooling, units, NAV, and fund manager roles.
NISM V-A Chapter 5 carries 10 marks and details 3 key mutual fund documents: SID, SAI & KIM. Learn SEBI fund categories and exit load rules.
Chapter 12, highest-weightage (15 marks) in NISM V-A, covers investor risk profiling, goal-based fund selection, and asset allocation for all life stages in India.
Mutual fund tax rates (LTCG, STCG, Debt, ELSS) are updated for 2026. NISM V-A Chapter 8 covers rates changed in 2023 & 2024 for 4 marks.
NISM V-A Chapter 4 carries 10 marks and covers SEBI, AMFI, KYC, PMLA. Master this crucial regulatory framework for reliable NISM exam success in India.
NISM V-A Chapter 9 carries 15 marks. Covers SIP, SWP, STP, redemption timelines, nominations, transmission, & SEBI SCORES grievance portal.
NISM V-A Chapter 10 carries 7 marks. Master Sharpe, Beta & Alpha metrics to interpret fund performance data. Learn how distributors compare funds and explain risk to clients.
NISM V-A Chapter 7 covers NAV formula, TER limits (SEBI slabs), and cut-off rules. Get the 8 marks for calculation questions guaranteed on every paper.
NISM V-A Chapter 1, Investment Landscape, carries 8 marks. Understand asset classes, financial goals & risk-return to ace this high-weightage section.
NISM Series V-A certification is mandatory to legally distribute mutual funds in India & earn an ARN. Clear with 50% marks for your AMFI Registration Number.