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NISM Series 10B — Investment Adviser Level 2

The second half — case-driven, focused on real client scenarios and portfolio construction.

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

The second half of the SEBI Investment Adviser qualification — case-driven, focused on real client situations, and heavier on portfolio construction and tax planning.

Who this is for

  • Anyone who has cleared NISM 10A and is moving toward registration.
  • Working CFPs adding the SEBI credential.
  • Practitioners moving from distribution to fee-only advisory.

What you'll learn

  • Case-driven advisory — client interview to written plan
  • Portfolio construction with real Indian asset classes
  • Personal taxation, retirement, estate, and insurance integration
  • Performance reporting and ongoing review

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

    Comprehensive financial planning

    • The six-step process
    • Cash-flow analysis and net-worth statements
    FoundationDeep DiveAdvanced
  2. 2
    Chapter 2

    Insurance and risk management

    • Life, health, general insurance integration
    • Sum-assured calculations
    FoundationDeep DiveAdvanced
  3. 3
    Chapter 3

    Retirement planning

    • NPS, EPF, annuities
    • Goal-based corpus targeting
    FoundationDeep DiveAdvanced
  4. 4
    Chapter 4

    Tax-efficient portfolio design

    • STCG / LTCG arbitrage
    • Tax-loss harvesting; debt taxation post-2024
    FoundationDeep DiveAdvanced
  5. 5
    Chapter 5

    Estate planning basics

    • Wills, nominees, joint holding
    • Trusts and HUF — when each fits
    FoundationDeep DiveAdvanced
  6. 6
    Chapter 6

    Performance and reporting

    • XIRR, time-weighted vs money-weighted returns
    • Standard reporting templates
    FoundationDeep DiveAdvanced
  7. 7
    Chapter 7

    Practice case studies

    • Young professional, mid-career family, near-retiree, NRI
    • Common pitfalls in each profile
    FoundationDeep DiveAdvanced

About the exam

Provider
NISM
Duration
3 hrs
Questions
90
Pass mark
60%

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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