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NISM Series 10A — Investment Adviser Level 1

The first half of the SEBI-mandated qualification for registered investment advisers.

80 hours of content7 chaptersFree during Phase 1

Quick info

Layer
NISM Certifications
Track
NISM Certifications
Estimated hours
80 hrs
Chapters
7
Exam body
NISM
Cost on Trustner
Free
Full course material live

Every chapter below has Foundation, Deep Dive, and Advanced material — read in any order, expand each chapter to see the full content.

About this course

NISM 10A is the SEBI-mandated qualification (Part 1) for Registered Investment Advisers and their associated personnel. The first half focuses on fundamentals and risk profiling.

Who this is for

  • Aspiring SEBI-registered Investment Advisers.
  • Practitioners moving from distribution to fee-only advisory.
  • CFP candidates wanting an additional Indian-regulator credential.

What you'll learn

  • SEBI Investment Adviser regulations 2013 — the framework
  • Risk profiling, financial-planning process, and the IPS
  • Asset allocation principles and the basic asset classes
  • Behavioural biases and how they distort investor decisions

Course material — 7 chapters

Each chapter offers three tiers — Foundation for the core concept, Deep Dive for worked examples and practitioner depth, and Advanced for edge cases and exam tips. Click any chapter to expand.

  1. 1
    Chapter 1

    Indian financial system

    • Structure, intermediaries, regulators
    • Investor protection framework
    FoundationDeep DiveAdvanced
  2. 2
    Chapter 2

    Investment products

    • Equity, debt, mutual funds, alternatives
    • Insurance, retirement products, gold and property
    FoundationDeep DiveAdvanced
  3. 3
    Chapter 3

    Investment planning

    • Goal setting, time horizon, risk capacity
    • The IPS document
    FoundationDeep DiveAdvanced
  4. 4
    Chapter 4

    Risk profiling and asset allocation

    • Risk tolerance vs risk capacity
    • Strategic vs tactical allocation
    FoundationDeep DiveAdvanced
  5. 5
    Chapter 5

    Behavioural finance basics

    • Common biases — anchoring, recency, herding
    • Implications for advice
    FoundationDeep DiveAdvanced
  6. 6
    Chapter 6

    Regulation of advisers

    • SEBI IA Regulations 2013
    • Conflicts of interest, fee structures
    FoundationDeep DiveAdvanced
  7. 7
    Chapter 7

    Code of conduct and ethics

    • Fiduciary duty, suitability
    • Grievance redressal channels
    FoundationDeep DiveAdvanced

About the exam

Provider
NISM
Duration
3 hrs
Questions
90
Pass mark
60%

Note: NISM 10A + 10B both required for SEBI IA registration.

The exam is administered by NISM. Trustner Academy is not affiliated with NISM; we provide independent preparatory educational material. See our disclaimer.

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