NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination (NISM IACE-1)

  • NISM IACE-1 exam was launched in May 2013 and was made mandatory by SEBI in June 2013.
  • This exam is mandatory for those who want to register as Investment Advisers and for employees who work for investment advisers.
  • NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination is the level 1 examination and NISM would also be launching the level 2 of the Investment Adviser Certification Examination.
  • A person shall be required to pass both the levels (i.e. NISM IACE (Level 1) & IACE (Level 2)) to become a Registered Investment Adviser.
  • This exam will have questions from Stock Market, Debt Market, Derivatives Market, Mutual funds, Insurance, Taxation, Retirement, Estate and Financial Planning.
  • To pass this exam, the candidate should be having knowledge in the entire financial market.
  • So, our suggestion is that one should take up the other certifications in NISM like Currency, Equity Derivatives, Mutual Funds etc before taking the IACE exam.
  • The examination consists of 100 questions of 1 mark each and should be completed in 2 hours. The passing score for the examination is 60%. There shall be negative marking of 25% of the marks assigned to a question for each wrong answer.
  • NISM IACE exam Fees (Rs.) 1500/-
  • PAN card is required for all NISM exams to receive the certificate.
  • Certificate will not be sent as hard copy to the candidate. Only soft copies of the certificates will be provided by NISM. We have to download it and take a print out.
  • For more details on this exam and training, please contact Mr.Srini 98949 49988