This workbook has been developed to assist candidates in preparing for the National Institute of Securities Markets (NISM) Level 2 Certification Examination for Investment Advisers. NISM-Series-X-B: Investment Adviser (Level 2) Certification Examination along with the NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination seeks to create a common minimum knowledge benchmark for all associated persons registered as an investment adviser and partners and representatives of investment advisers under SEBI (Investment Advisers) Regulations, 2013 and offering investment advisory services.
The book covers all important topics to enhance the quality of investment advisory and related services in the financial services industry. It covers topics related to the structure and performance of securities markets, importance of asset allocation and impact of the market movement on the assets performance. This course teaches practical aspect of product selection, portfolio construction, review and rebalancing based on clients need. The book also discusses the concept of compliance, operations and service elements in investment advice.