10 Free Mock Tests | Year: 2024
Our Testimonials

Rahul Mhabde
Mumbai
NISMExams.in played a crucial role in helping me pass my NISM Equity Derivatives exam on the first attempt with 84% marks. The course was comprehensive, and the mock tests were incredibly accurate, reflecting the real exam format. It provided me with the confidence and knowledge needed to succeed. I highly recommend NISMExams.in for anyone serious about clearing their NISM exams.

Mohit Chauhan
Pune
Thanks to NISMExams.in, I successfully cleared my NISM Mutual Fund Distributors with 69% marks on the first attempt. The course material was well-structured and easy to follow, making it perfect for beginners like me. The mock tests closely mirrored the actual exam, which boosted my confidence. I highly recommend NISMExams.in for anyone looking to pass their NISM exams.

Milan Jadav
Gujarat
Thanks to NISMExams.in, I passed the NISM Research Analyst exam with 74% marks. The mock tests were incredibly detailed and aligned perfectly with the actual exam. They helped me grasp key concepts and practice effectively. If you’re preparing for the Research Analyst exam, I highly recommend NISMExams.in for its accurate and structured approach. It made all the difference in my success!

Lokesh Prasad
Karnataka
I cleared the NISM Mutual Funds exam with 65%, and I owe a lot of my success to NISMExams.in. The course was concise yet thorough, and the mock tests were a game changer, helping me get familiar with the actual exam pattern. The content is perfect for targeted preparation, especially if you’re looking to pass in a short time. I highly recommend NISMExams.in to anyone aiming to clear their NISM exams!

Mehul Tank
Mumbai
I successfully passed my NISM Depository Operations exam with 76% after using your portal. Initially, I tried “Pass 4 Sure” but didn’t clear the exam. However, NISMExams.in mock tests were spot on, with many questions appearing in the actual exam. Your question bank was a valuable asset, and the investment was totally worth it considering the importance of this certification.

Maulik
Gujarat
NISMExams.in has been a game-changer for my exam preparation! The free mock tests helped me practice real exam scenarios, and I cleared the NISM Mutual Fund Distributors exam on my first attempt with an impressive 92%. The platform’s structure and detailed feedback gave me the confidence I needed. Highly recommend!
Rupali
Delhi
I recently cleared my NISM Mutual Funds Distributor exam with 82% after using the resources from NISMExams.in. I had tried other platforms, but nothing compared to the quality of mock tests provided here. The explanations were clear, and the practice questions were very similar to the actual exam. Thanks to this portal, I now feel confident in my knowledge and skills as a certified mutual fund distributor.

Amit Sharma
Delhi
Clearing the NISM Investment Adviser Level 1 exam was no easy task, but NISMExams.in made it much more manageable. With their detailed question bank and mock tests, I scored 85% on my first attempt. The interface and structure of their exams were incredibly similar to the actual NISM exam, which gave me the confidence I needed. I highly recommend this portal for anyone preparing for this certification.”

Seema Banerjee
Delhi
NISM Series X-A: Investment Adviser (Level 1) Exam Pattern
- Exam Fees: ₹3000 + (may indicate taxes or additional fees)
- Test Duration: 3 hours
- Total Questions: 135 questions
- Maximum Marks: 150 marks
- Passing Marks: 60% (i.e., 60 marks)
- Negative Marking: 25% deduction for each incorrect answer
NISM Series X-A: Investment Adviser (Level 1) Syllabus Outline
The exam covers the following units:
- Introduction to Personal Financial Planning: Basics of financial planning, goal setting, and understanding individual financial needs.
- Time Value of Money: Concepts like present value, future value, compounding, and discounting used in financial decision-making.
- Cash Flow Management and Budgeting: Managing income, expenses, savings, and creating effective personal budgets.
- Debt Management and Loans: Understanding types of loans, interest calculations, and strategies for managing debt efficiently.
- Introduction to Indian Financial Markets: Overview of the structure, participants, and functioning of Indian financial markets.
- Securities Market Segments: Understanding equity, debt, and derivative markets along with their roles and instruments.
- Introduction to Investments: Basic principles of investing, risk-return trade-off, and investment objectives.
- Investing in Stocks: Concepts of equity investment, valuation basics, and factors affecting stock prices.
- Investing in Fixed Income Securities: Understanding bonds, interest rates, yields, and fixed income instruments.
- Understanding Derivatives: Basics of futures, options, and their use in hedging and speculation.
- Mutual Funds: Structure, types, benefits, and role of mutual funds in financial planning.
- Portfolio Management Services (PMS) and AIFs: Overview of managed portfolios and alternative investment funds.
- Modern Portfolio Theory: Concepts of diversification, risk optimization, and efficient portfolio construction.
- Portfolio Construction and Asset Allocation: Building investment portfolios based on client goals and risk profiles.
- Portfolio Performance Measurement and Evaluation: Methods to evaluate returns and performance of investments.
- Operational and Regulatory Aspects: Key regulations, compliance requirements, and operational framework of investment management.
- Ethical Issues and Investor Protection: Ethical standards, professional conduct, and grievance redressal mechanisms.
FAQs (Frequently Asked Questions)
- The NISM Series X-A: Investment Adviser Level-1 exam is a 2-hour examination consisting of 100 questions. The total marks for the exam are 100, with a passing score of 60% (60 marks). There is negative marking of 25% for each incorrect answer, and the exam fee is ₹1500 + applicable taxes.
The syllabus includes topics such as Indian Financial Market, Securities Market Segments, Mutual Funds, Investment Products, Managing Investment Risk, Measuring Investment Returns, Financial Planning, Asset Allocation, Insurance Planning, Retirement Planning, Tax and Estate Planning, and the Regulatory Environment and Ethical Issues.
The NISM Series X-A: Investment Adviser Level-1 exam fee is ₹1500 plus applicable taxes. This fee covers the examination and is required to be paid during the registration process on the NISM portal.
- Preparation involves thoroughly understanding the syllabus, consistent study, and taking mock tests available on platforms like NISMTest.in. These mock tests can help with familiarizing yourself with the exam pattern and identifying areas that need improvement.
- To register, visit the official NISM website, sign up or log in, and select the NISM Series X-A: Investment Adviser Level-1 exam from the exam list. Follow the registration instructions, fill in your details, pay the required fee, and select an exam date and center.
10 Free Mock Tests | Year: 2026
Our Testimonials

Rahul Mhabde
Mumbai
NISMExams.in played a crucial role in helping me pass my NISM Equity Derivatives exam on the first attempt with 84% marks. The course was comprehensive, and the mock tests were incredibly accurate, reflecting the real exam format. It provided me with the confidence and knowledge needed to succeed. I highly recommend NISMExams.in for anyone serious about clearing their NISM exams.

Mohit Chauhan
Pune
Thanks to NISMExams.in, I successfully cleared my NISM Mutual Fund Distributors with 69% marks on the first attempt. The course material was well-structured and easy to follow, making it perfect for beginners like me. The mock tests closely mirrored the actual exam, which boosted my confidence. I highly recommend NISMExams.in for anyone looking to pass their NISM exams.

Milan Jadav
Gujarat
Thanks to NISMExams.in, I passed the NISM Research Analyst exam with 74% marks. The mock tests were incredibly detailed and aligned perfectly with the actual exam. They helped me grasp key concepts and practice effectively. If you’re preparing for the Research Analyst exam, I highly recommend NISMExams.in for its accurate and structured approach. It made all the difference in my success!

Lokesh Prasad
Karnataka
I cleared the NISM Mutual Funds exam with 65%, and I owe a lot of my success to NISMExams.in. The course was concise yet thorough, and the mock tests were a game changer, helping me get familiar with the actual exam pattern. The content is perfect for targeted preparation, especially if you’re looking to pass in a short time. I highly recommend NISMExams.in to anyone aiming to clear their NISM exams!

Mehul Tank
Mumbai
I successfully passed my NISM Depository Operations exam with 76% after using your portal. Initially, I tried “Pass 4 Sure” but didn’t clear the exam. However, NISMExams.in mock tests were spot on, with many questions appearing in the actual exam. Your question bank was a valuable asset, and the investment was totally worth it considering the importance of this certification.

Maulik
Gujarat
NISMExams.in has been a game-changer for my exam preparation! The free mock tests helped me practice real exam scenarios, and I cleared the NISM Mutual Fund Distributors exam on my first attempt with an impressive 92%. The platform’s structure and detailed feedback gave me the confidence I needed. Highly recommend!
Rupali
Delhi
I recently cleared my NISM Mutual Funds Distributor exam with 82% after using the resources from NISMExams.in. I had tried other platforms, but nothing compared to the quality of mock tests provided here. The explanations were clear, and the practice questions were very similar to the actual exam. Thanks to this portal, I now feel confident in my knowledge and skills as a certified mutual fund distributor.

Amit Sharma
Delhi
Clearing the NISM Investment Adviser Level 1 exam was no easy task, but NISMExams.in made it much more manageable. With their detailed question bank and mock tests, I scored 85% on my first attempt. The interface and structure of their exams were incredibly similar to the actual NISM exam, which gave me the confidence I needed. I highly recommend this portal for anyone preparing for this certification.”
