NISM Series 10A — Investment Adviser Level 1
The first half of the SEBI-mandated qualification for registered investment advisers.
Quick info
- Layer
- NISM Certifications
- Track
- NISM Certifications
- Estimated hours
- 80 hrs
- Chapters
- 7
- Exam body
- NISM
- Cost on Trustner
- Free
The full chapter-by-chapter syllabus is published below so you know exactly what you're committing to. Individual lesson pages are being authored progressively over the coming weeks. Bookmark this page or browse all courses.
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
Full syllabus — 7 chapters
- 1Chapter 1
Indian financial system
- Structure, intermediaries, regulators
- Investor protection framework
- 2Chapter 2
Investment products
- Equity, debt, mutual funds, alternatives
- Insurance, retirement products, gold and property
- 3Chapter 3
Investment planning
- Goal setting, time horizon, risk capacity
- The IPS document
- 4Chapter 4
Risk profiling and asset allocation
- Risk tolerance vs risk capacity
- Strategic vs tactical allocation
- 5Chapter 5
Behavioural finance basics
- Common biases — anchoring, recency, herding
- Implications for advice
- 6Chapter 6
Regulation of advisers
- SEBI IA Regulations 2013
- Conflicts of interest, fee structures
- 7Chapter 7
Code of conduct and ethics
- Fiduciary duty, suitability
- Grievance redressal channels
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.
More from NISM Certifications
NISM Series 5A — Mutual Fund Distributors
The foundational certification for anyone advising on or distributing mutual funds in India. Highest demand, fastest path to a career in financial services.
NISM Series 22 — Mutual Fund Foundation
A simpler entry point to mutual fund advisory — covers the basics for those new to the industry.
NISM Series 8 — Equity Derivatives
Futures, options, and the equity derivatives market — required for anyone working as an approved user or sales person on the equity derivatives segment.
NISM Series 7 — Securities Operations & Risk Management
Back-office, risk, settlement, and operations across capital markets — the backbone of a securities career.