# Investment Adviser (Level 2) book by National Institute of Securities Markets

_Investment Adviser (Level 2)_ is a comprehensive, examination-aligned workbook developed by the National Institute of Securities Markets (NISM) to establish a uniform, market-wide knowledge benchmark for professionals engaged in investment advisory services. Positioned as the advanced level in the NISM-Series-X certification pathway, this Level 2 workbook deepens the practitioner's expertise in insurance planning, retirement solutions, estate planning tools, taxation of financial instruments, behavioural finance, and risk profiling. The workbook blends conceptual clarity with practical caselets, ensuring that candidates understand principles and apply them effectively—which is an essential requirement for handling client-centric advisory responsibilities under SEBI's regulatory framework.

This book is intended for the following audience:

-   **_Individual and Non-Individual SEBI-Registered Investment Advisers_** who must fulfil the knowledge requirements under Regulation 7(2) of the SEBI (Investment Advisers) Regulations 2013
-   **_Principal Officers and Associated Persons_** involved in providing investment advice
-   **_Wealth Managers, Financial Planners & Portfolio Advisory Professionals_** seeking deeper domain proficiency
-   **_Compliance Officers and Advisory Support Staff_** responsible for ensuring regulatory alignment
-   **_Students and Aspirants_** pursuing careers in the financial advisory and personal finance industry
-   **_Professionals_** preparing for the NISM-Series-X-B (Level 2) Certification Examination

The Present Publication is the September 2025 Workbook Version, developed in collaboration with the Certification Team of NISM and Harsh Roongta, Jitendra Solanki, Rachna Baid, Sunita Abraham and Taxmann's Editorial Board. It is published exclusively by Taxmann, with the following noteworthy features:

-   \[**Comprehensive Coverage**\] Includes Insurance planning, risk management, retirement products, estate planning, behavioural finance, taxation of financial securities, and risk profiling
-   \[**Case-based Learning**\] Includes six caselets (_with five sub-questions each_) reflecting practical advisory scenarios to enhance practical decision-making skills
-   \[**Conceptual & Regulatory Depth**\] Detailed discussions on advisory frameworks, compliance expectations, and client-centric advisory methodologies
-   \[**Amended & Updated**\] Ensures candidates prepare with the most current, regulator-approved study material
-   \[**Developed by Subject-Matter Experts**\] Curated and reviewed by NISM's Certification team and industry specialists to ensure technical precision and pedagogical clarity

The coverage of the book is as follows:

-   **_Risk Management & Insurance Planning_**

-   Need for insurance, principles of insurance, types of insurance products
-   Risk assessment and risk mitigation strategies
-   Role of insurance in personal finance

-   **_Retirement Planning & Retirement Products_**

-   Types and features of retirement instruments
-   Building retirement portfolios
-   Role of Investment Advisers in retirement planning

-   **_Estate Planning_**

-   Estate planning tools such as wills, nominations, gifts, powers of attorney, and trusts
-   Significance and legal principles governing estate transfer

-   **_Taxation of Financial Securities_**

-   Taxation of investments across asset classes
-   Capital gains, exemptions, and tax-efficient portfolio strategies

-   **_Behavioural Finance & Risk Profiling_**

-   Investor behaviour, biases, and their impact on decision-making
-   Techniques for risk profiling and suitability assessment
-   Integrating behavioural insights into advisory practice

-   **_Examination Support Content_**

-   Multiple-choice questions
-   Case-based questions
-   Sample formats and illustrations

The workbook follows NISM's pedagogical design to ensure progressive learning:

-   **_Conceptual Foundation_** – Each module begins with essential theoretical frameworks explained in a simple, structured manner
-   **_Illustrative Examples_** – Realistic examples simplify complex advisory processes
-   **_Module-wise Segregation_** – Chapters are organised according to the official NISM syllabus outline and weightages
-   Caselets & Application-based Questions – Six case-based scenarios (_with five sub-questions each_) test application skills in advisory contexts
-   **_MCQs for Self-Assessment_** – 90 MCQs designed to help candidates benchmark their readiness
-   **_Exam-oriented Notes & Instructions_** – Includes examination structure, negative marking rules, time limits, and software usage guidance provided by NISM

## Details

- **Price:** 0.0 INR
- **Vendor:** Taxmann
- **Tags:** Banking and Finance Books

## Variants

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## Images

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> Updated: 2026-10-24