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NISM Series XIX-C: Alternative Investment Fund Managers
Mock Test | Study Plan | 2025 Syllabus
Prepare for the NISM Series XIX-C Alternative Investment Fund Managers exam with our expert-curated mock tests, 1500+ AIF practice questions, and SEBI-aligned study materials. Explore fund structure, fee structure, AIF investment strategies, SEBI AIF regulations, valuation techniques, and risk management. Download the latest 2025 syllabus PDF, access legal documentation, and follow our free 9R™ Exam Mastery Study Plan to master the AIF regulatory framework and clear your certification on the first attempt.
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Why Gurukul On Road for NISM Series XIX-C Alternative Investment Fund Managers Exam Preparation?
- Practice with 1500+ questions in full-length NISM Series XIX-C mock tests, topic-wise question bank, and case-based scenarios on AIF valuation, risk management, and fund governance.
- Fully aligned with the 2025 NISM Series XIX-C exam syllabus, including the latest SEBI AIF regulations, exit options, and fund structure guidelines.
- Covers in-depth concepts like Alternative Investment Fund strategies, legal documentation, performance measurement, taxation aspects, and portfolio diversification.
- Available in learner-friendly formats: Online Mock Test, Udemy Practice Set, Exam Prep Printed Guide Book, downloadable eBook.
- Get a FREE 9R™ Exam Mastery Study Plan—designed to optimise time allocation, topic prioritisation, and improve your exam-day confidence.
- Instant access to exam eligibility, registration process, duration, passing marks, and latest SEBI handbook for AIF certification.
- Detailed answer keys, progress analytics dashboard, and expert feedback to improve speed and accuracy in case-based and scenario-based questions.
- Targeted tips to clear the NISM Series XIX-C Alternative Investment Fund Managers exam in your first attempt—based on exam pattern and high-weightage topics.
- Stay updated with SEBI circulars, IRDAI updates, NISM notifications, glossary access, and all regulatory changes relevant to AIF Managers exam.
Available in Multiple Formats for NISM Series XIX-C Alternative Investment Fund Managers Exam
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Latest SEBI, NISM Circulars & Regulatory Updates - Aligned for NISM Series XIX-C Alternative Investment Fund Managers Exam 2025
Stay updated with the most relevant SEBI and NISM circulars, policy changes, and compliance updates directly impacting the NISM Series XIX-C Alternative Investment Fund Managers exam. Each circular summary includes decoded highlights, AIF-focused implications, and possible MCQ framing styles based on SEBI AIF Regulations, valuation practices, and risk-return strategies. Bookmark our SEBI Circulars Section to sharpen your exam readiness and regulatory clarity.
- SEBI Circular 2025: Special Window for Re-Lodgement of Physical Shares — Portfolio Impact for AIF Managers
- SEBI Guidelines: Expense Disclosure, Risk-o-Meter & Half-Yearly Returns — Implications for AIF Fund Performance Metrics
- View All SEBI / NISM AIF Circulars — Weekly Updates Mapped to NISM XIX-C Exam Pattern & Syllabus
- Why Gurukul On Road for NISM XIX-C Alternative Investment Fund Managers Exam Preparation?
- Available in Multiple Formats for NISM Series XIX C
- Latest SEBI, NISM, & AMFI Circulars
- NISM Series XIX-C Alternative Investment Fund Managers – Test Objectives Summary
- Exam Preparation Tips
- 9R Study Plan Framework
- Study Plan & Preparation Tips
- FAQs
- All NISM Related Modules & Resources
- 9R Study Plan Request Form
NISM Series XIX-C: Test Objectives & Focus Areas
Overall Objective: Equip learners with the regulatory, analytical, and portfolio-level understanding needed to manage Alternative Investment Funds (AIFs) in India under SEBI regulations and global best practices.
1. Investments Landscape
- Understand the concept of investment, risk-return tradeoff, and types of risks (e.g., market, political, liquidity).
- Know how to estimate required return and explore India’s securities market ecosystem.
2. Types of Investments
- Differentiate between traditional and alternative investments like VC, PE, Hedge Funds, etc.
- Know direct vs. managed investment channels, and global evolution of AIFs with taxation impact.
3. Informational Efficiency
- Understand Efficient Market Hypothesis (EMH), market anomalies, and their relevance to valuation and portfolio strategy.
4. Modern Portfolio Theory (MPT)
- Apply MPT in portfolio construction, calculate risk and return, and visualize efficient frontier.
5. Capital Market Theory & CAPM
- Understand CML, SML, beta, diversification, and multifactor models like CAPM and its extensions.
6. AIFs in India & Suitability
- Compare SEBI-defined AIF categories and assess suitability for HNIs, institutions, and portfolio diversification.
7. AIF Ecosystem
- Know key entities (sponsors, trustees, managers), fee structures, capital drawdowns, ESG roles, and governance documentation.
8. AIF Structuring
- Understand pooling, fund jurisdiction choices, buy-out structures, and regulatory structuring considerations.
9. Fee Structure & Fund Performance
- Compute management and incentive fees, hurdle rate, IRR, J-Curve, MOIC, Sharpe ratio, and tax-adjusted returns.
10. Indices & Benchmarking
- Differentiate index types, methodologies, and apply benchmarking to evaluate alpha and AIF performance.
11. Investment Strategies, Process & Governance
- Master strategies used by Cat I, II & III AIFs, investment deal process, and rights negotiated in fund governance.
12. Fund Due Diligence – Investor Perspective
- Understand how investors assess PPMs, evaluate manager alignment, and perform due diligence.
13. Legal Documents & Negotiations
- Review trust deeds, LLP agreements, IMAs, PPMs, and other key AIF documentation.
14. Valuation
- Apply valuation methods (DCF, NAV, MTM), including for early-stage companies and Cat III AIF portfolios.
15. Fund Monitoring, Reporting & Exit
- Track AIF performance, SEBI disclosure compliance, and understand multiple exit options like IPOs, buybacks, liquidation.
16. Taxation
- Understand pass-through taxation (Cat I & II), trust/LLP tax structures, GST, stamp duty, DTAA, GAAR, and indirect taxes for AIFs.
17. Regulatory Framework
- Master SEBI AIF Regulations, FEMA guidelines for foreign investments, and compliance with FATCA, CRS, PMLA, Insider Trading laws.
Exam Tips for NISM Series XIX-C AIF Managers Certification
Crack the NISM Series XIX-C Alternative Investment Fund Managers exam with our expert-backed approach. Focus on key topics like SEBI AIF regulations, valuation techniques, fund governance, performance measurement, and risk-return analysis. Use our 9R™ Study Plan, practice mock test , and revise legal documentation and fund structure concepts using our chapter-wise question banks, printed guide, and eBook.
- Begin with the official NISM XIX-C exam syllabus and checklist of topics - focus on fund structuring, compliance obligations, risk metrics, and performance evaluation frameworks.
- Practice both chapter-wise MCQs and full-length online mock tests — prioritize questions related to AIF categories (I, II, III), valuation, and fund exits.
- Identify weak zones (e.g., fee structures, regulatory disclosures, tax treatments) using performance analytics dashboards from our mock tests.
- Use our question bank to revise critical points like due diligence, SEBI registration norms, NAV computation, and benchmark alignment.
- Track the latest SEBI circulars, regulatory updates, and pattern changes relevant to NISM XIX-C via our circulars section and glossary updates.
Expert Tip: “Most errors happen in SEBI AIF regulatory conditions, fund structure rules, and risk metrics. Prioritize those areas and reinforce with mock test drills based on real exam-style case scenarios.”
9R Study Plan Framework: Crack NISM Series XIX-C AIF Managers Exam with Confidence
Preparing for the NISM Series XIX-C: Alternative Investment Fund Managers exam with limited time? Our exclusive 9R™ Exam Mastery Framework is a strategic 9-step plan built for aspirants targeting SEBI AIF certification. Whether you're using our online mock tests, Udemy practice sets, exam prep printed guide books, or free eBook and syllabus PDF, this plan is designed to enhance regulatory retention, case-based application, valuation accuracy, and fund structuring clarity — to help you pass the exam on your first attempt.
- R1 – Read: Begin with the official NISM Series XIX-C syllabus and free exam handbook. Focus on SEBI AIF regulations, valuation techniques, fund governance, risk-return metrics, and taxation.
- R2 – Recall: Build concise notes for quick revision — especially around Category I/II/III AIF differences, fee structures, NAV computation, and compliance obligations.
- R3 – Review: Use our printed guide book and eBook to revisit core concepts like alternative investment fund strategies, exit mechanisms, risk metrics, and legal documentation.
- R4 – Rehearse: Practice chapter-wise mock tests focused on SEBI circular-based case studies, regulatory application questions, and fund structuring scenarios.
- R5 – Resolve: Use our glossary-based question banks and answer explanation sets to eliminate confusion around valuation methods, due diligence, and fee waterfall logic.
- R6 – Revise: Revisit key formulas and fund metrics like IRR, MOIC, Sharpe ratio, hurdle rate, NAV valuation. Stay updated with latest SEBI AIF regulations.
- R7 – Replicate: Take full-length AIF online mock tests under exam conditions to build time management skills, accuracy under pressure, and negative marking strategies.
- R8 – Reflect: Analyze your mock test reports to pinpoint gaps in fund structuring, taxation, risk-return metrics, and investment strategies.
- R9 – Reattempt: Revisit complex MCQs from case-based scenarios using our smart test modules, flashcards, and downloadable PDF practice sets.
This proven 9-step method is custom-built for the NISM Series XIX-C Alternative Investment Fund Managers exam syllabus, helping you master concepts like fund performance benchmarking, SEBI reporting norms, alternative investment strategies, due diligence, legal documents, risk-return analytics, and more. Ideal for learners using our mock tests, guide books, eBooks, regulatory updates, and case-based scenario prep modules built for the 2025 pattern.
Glossary of Key Investment Terms for NISM Series XIX-C Alternative Investment Fund Managers Exam 2025
1. Investment
The act of committing capital to an asset or endeavor with the expectation of generating future income or appreciation in value. It involves a thorough analysis to promise safety of principal and an adequate return, distinguishing it from speculation.
2. Speculation
The practice of engaging in risky financial transactions in an attempt to profit from short-term fluctuations in an asset's market value. Speculation is typically based on market sentiment or price movements rather than the fundamental value of the asset.
3. Risk Premium
The additional return an investor expects to receive for holding a risky asset over a risk-free asset. It compensates the investor for taking on higher risk, such as liquidity risk, market risk, or credit risk.
4. Market Risk
Also known as systematic risk, it is the risk of investment losses due to factors that affect the performance of the entire financial market. This type of risk cannot be eliminated through diversification and includes events like interest rate changes, recessions, and political turmoil.
5. Liquidity Risk
The risk that an asset cannot be sold quickly enough in the market without a substantial loss in price. Alternative investments like private equity and real estate are often subject to high liquidity risk due to the lack of a ready public market.
6. Efficient Market Hypothesis (EMH)
A financial theory suggesting that asset prices fully reflect all available information. This implies that it is impossible for investors to consistently achieve returns in excess of average market returns on a risk-adjusted basis.
7. Modern Portfolio Theory (MPT)
A financial framework for assembling a portfolio of assets to maximize expected return for a given level of risk. MPT emphasizes that risk and return should not be viewed in isolation, but in the context of the overall portfolio, and promotes diversification as a key tool for risk management.
8. Efficient Frontier
A core concept in MPT, the Efficient Frontier is a graph representing the set of optimal portfolios that offer the highest possible expected return for a given level of risk (standard deviation) or the lowest risk for a given level of expected return.
9. Capital Asset Pricing Model (CAPM)
A model used to determine the theoretically appropriate required rate of return of an asset. It links the expected return of a security to its sensitivity to the overall market risk (beta), the risk-free rate, and the expected market risk premium.
10. Security Market Line (SML)
The graphical representation of the CAPM. The SML plots the expected return of an asset or portfolio against its systematic risk (beta), illustrating the risk-return trade-off for all securities.
Alternative Investments and Funds
11. Alternative Investments
A class of assets that are not among the traditional investment categories like stocks, bonds, or cash. This category includes private equity, hedge funds, venture capital, real estate, distressed securities, and commodities.
12. Alternative Investment Fund (AIF)
As defined by SEBI in India, an AIF is a privately pooled investment vehicle that collects funds from sophisticated investors (Indian or foreign) to invest according to a defined policy for the benefit of those investors.
13. Private Equity (PE)
An alternative investment class where funds invest directly in private companies or engage in the buyouts of public companies, ultimately taking them private. The goal is to improve the company's operations and sell it at a profit after a few years.
14. Venture Capital (VC)
A subset of private equity, venture capital is financing provided by firms or funds to small, early-stage, and emerging firms that are deemed to have high growth potential or which have demonstrated high growth.
15. Hedge Funds
Privately managed investment funds that use a wide range of complex strategies and leverage to generate high returns. They are open to a limited number of accredited investors and often require a high minimum investment.
16. Distressed Securities
The debt or equity securities of companies that are in or approaching bankruptcy or financial distress. Investing in distressed securities is an event-driven strategy that seeks to profit from a company's recovery or restructuring.
17. Category I AIF
AIFs that invest in sectors considered economically or socially desirable by the government or regulators, such as start-ups, SMEs, and infrastructure. These funds receive incentives from the government. Examples include Venture Capital Funds, SME Funds, and Social Impact Funds.
18. Category II AIF
These are AIFs that do not fall into Category I or III and do not engage in borrowing or leverage, except for day-to-day operational needs. This is the largest category of AIFs in India and includes most private equity and debt funds.
19. Category III AIF
AIFs that employ diverse or complex trading strategies and may use leverage, including through investments in listed or unlisted derivatives. These funds, such as hedge funds, trade with a view to making short-term returns.
20. Angel Fund
A sub-category of Venture Capital Fund under Category I AIFs that raises capital from angel investors to invest in very early-stage startups.
AIF Structure and Operations
21. Sponsor
The entity that establishes an AIF. The sponsor is responsible for setting up the fund and typically makes a "sponsor commitment," which is a significant investment in the fund to align their interests with those of the other investors.
22. Private Placement Memorandum (PPM)
The primary legal and disclosure document for an AIF. The PPM is provided to prospective investors and contains comprehensive information about the fund’s investment strategy, management team, fee structure, risk factors, and terms.
23. Drawdown
The process by which an AIF manager calls for capital from its investors who have made a commitment to the fund. This capital is then used to make investments according to the fund's strategy.
24. Hurdle Rate
The minimum rate of return that an AIF must achieve before the fund manager can start earning performance-based fees (carried interest). It ensures managers are rewarded only for generating substantial returns.
25. High-Water Mark
A common provision for AIFs, especially hedge funds, that dictates that performance fees are only paid on new profits. It ensures the manager does not get paid for volatile performance or for simply recovering prior losses.
26. Distribution Waterfall
A method outlined in the PPM for distributing cash flows and profits among the fund's investors and the manager. It typically follows a sequence where investors first receive their capital back, then a preferred return, followed by a catch-up for the manager, and finally a split of the remaining profits.
27. Clawback
A contractual provision that allows investors in an AIF to reclaim a portion of the performance fees (carried interest) paid to the fund manager in cases where subsequent losses erase earlier gains, ensuring the manager's overall compensation is aligned with the fund's long-term performance.
28. Leveraged Buy-Out (LBO)
An acquisition of a company where a significant amount of the purchase price is financed with borrowed money. The assets of the acquired company are often used as collateral for the loans.
29. Master-Feeder Structure
An investment structure commonly used by hedge funds to pool capital from both U.S.-based (taxable) and non-U.S. (tax-exempt) investors into a single central fund (the "master fund") for trading efficiency.
30. Key Man Clause
A contractual provision in an AIF's governing documents that grants investors certain rights, such as suspending the investment period or dissolving the fund, if specified key personnel ("key men") are no longer managing the fund.
31. Side Letter
A separate agreement between an AIF and a specific investor that grants that investor special terms and conditions not available to all other investors. This is often used to attract large institutional investors.
32. In-specie Distribution
The distribution of assets in their actual form rather than in cash. At the end of an AIF's life, if some investments cannot be sold, the fund may distribute the actual securities of the portfolio company to its investors.
33. Tax Pass-Through
A tax regime applicable to Category I and II AIFs in India, where the fund itself is not taxed on its income. Instead, the income is "passed through" to the investors, who are then taxed directly as if they had earned the income themselves.
Performance and Risk Metrics
34. Internal Rate of Return (IRR)
A performance metric that calculates the annualized effective compounded rate of return of an investment. It's the discount rate at which the net present value of all cash flows (both positive and negative) from an investment equals zero.
35. J-Curve
Describes the typical performance trajectory of a private equity or venture capital fund. The fund experiences negative returns in its initial years due to management fees and underperforming early-stage investments, followed by a sharp upturn as investments mature and are exited.
36. Total Value to Paid-in-Capital (TVPI)
A key performance multiple for AIFs. It measures the fund's total value (realized distributions plus the remaining unrealized value) as a multiple of the total capital contributed by investors.
37. Sharpe Ratio
A measure of risk-adjusted return. It is calculated by subtracting the risk-free rate from a portfolio's return and dividing the result by the portfolio's standard deviation. A higher Sharpe Ratio indicates better performance for the amount of risk taken.
38. Value at Risk (VaR)
A statistical measure of the risk of loss for an investment or portfolio. It estimates the maximum potential loss that could be experienced over a given time period at a certain confidence level (e.g., a 95% confidence level).
39. Net Asset Value (NAV)
The per-unit market value of a fund, calculated as the total value of all assets in the portfolio minus all its liabilities, divided by the number of units outstanding. Category III AIFs are required to calculate NAV on a regular basis.
40. Enterprise Value (EV)
A measure of a company's total economic value. It is calculated as the market capitalization plus debt, minority interest, and preferred shares, minus total cash and cash equivalents. It is often used in valuation multiples like EV/EBITDA.
Strategies and Rights
41. Long/Short Equity Strategy
A common hedge fund strategy that involves taking long positions in stocks expected to rise in value and short positions in stocks expected to fall. This allows the fund to profit from both rising and falling markets.
42. Merger Arbitrage
An event-driven investment strategy that aims to profit from the price discrepancy between a company's stock price after a merger or acquisition is announced and the actual price paid upon completion of the deal.
43. Liquidation Preference
A right given to certain shareholders (typically preferred investors in a VC deal) to receive their investment back before common shareholders in the event of a company's liquidation, merger, or sale.
44. Due Diligence
The process of comprehensive investigation, research, and analysis that an investor undertakes before making an investment in a fund or that a fund undertakes before investing in a company.
45. Accredited Investor
Under SEBI regulations, an investor who meets certain thresholds for income, net worth, or professional experience, and is therefore considered financially sophisticated. AIFs can generally only accept investments from accredited or sophisticated investors.
Regulatory and Legal
46. Registered Investment Adviser (RIA)
An individual or firm registered with SEBI that provides investment advice to clients for a fee.
47. Foreign Direct Investment (FDI)
An investment from a party in one country into a business or corporation in another country with the intention of establishing a lasting interest. FDI is a critical source of funding for Indian companies and AIFs.
48. General Anti-Avoidance Rules (GAAR)
A set of provisions in Indian tax law that empowers tax authorities to deny tax benefits on transactions or arrangements that are deemed to have no commercial substance and are entered into solely to avoid taxes.
49. Weak-form Efficiency
The version of the EMH which posits that all past market prices and trading data are already reflected in current stock prices. It suggests that technical analysis cannot be used to consistently produce excess returns.
50. Semi-strong-form Efficiency
This version of the EMH asserts that all publicly available information (including financial statements, news, and analyst reports) is fully reflected in a security's price, suggesting that fundamental analysis is unlikely to provide an edge.
FAQ - Frequently Asked Questions: NISM Series XIX-C Alternative Investment Fund Managers Exam 2025
Q1. What is the NISM Series XIX-C Alternative Investment Fund Managers certification exam?
The NISM Series XIX-C exam is a SEBI-mandated certification for individuals managing Alternative Investment Funds. It tests knowledge on AIF structure, investment strategies, SEBI regulations, valuation, governance, taxation, and due diligence practices.
Q2. How to prepare for the NISM Series XIX-C exam?
Begin with the official NISM workbook. Use GurukulOnRoad’s 9R™ Exam Mastery Study Plan, mock tests, eBooks, and case-based quizzes to build speed and confidence. Focus on regulatory updates, SEBI provisions, and strategy evaluation frameworks.
Q3. What is the pattern of the NISM Series XIX-C exam?
The exam comprises 100 multiple-choice questions (case and concept-based), with a total duration of 2 hours. Each question carries 1 mark. The passing score is 60%, with no negative marking.
Q4. What topics are covered in the NISM Series XIX-C syllabus?
The syllabus includes AIF regulatory framework, fund structure and fees, performance evaluation, taxation, valuation techniques, governance, documentation, and risk management in alternative investments.
Q5. Where can I get NISM Series XIX-C mock tests?
You can access high-quality online mock tests and case-based question banks at GurukulOnRoad eLearning Store. These tests reflect the real exam format and difficulty.
Q6. Are case-based questions included in the exam?
Yes, the exam emphasizes case scenarios to evaluate real-world decision-making across AIF governance, investment, valuation, and compliance situations.
Q7. What is the role of SEBI in AIF regulation?
SEBI regulates Alternative Investment Funds through SEBI (AIF) Regulations, 2012, ensuring transparency, risk disclosures, valuation norms, sponsor obligations, and investor protection measures.
Q8. What are the taxation aspects of AIF covered in the exam?
The exam covers tax pass-through status, capital gains treatment, dividend taxation, investor reporting obligations, and impact of new tax laws on different categories of AIFs.
Q9. How important is fund governance in the exam?
Fund governance is a core topic. It covers responsibilities of sponsors, trustees, investment committees, disclosures, conflict of interest, fiduciary obligations, and compliance practices in AIFs.
Q10. Where can I buy the printed guidebook for NISM Series XIX-C?
Visit GurukulOnRoad Store for printed guidebooks, eBooks, and workbook-aligned content curated by domain experts.
Q11. What is the best mock test for NISM Series XIX-C?
GurukulOnRoad offers full-length mocks that mimic real exam difficulty and include domain-level tagging, case studies, and updated SEBI regulation-based questions.
Q12. Are exit options of AIFs tested in the exam?
Yes. Topics like liquidation, sponsor exit, investor redemption clauses, and side-pocketing practices are part of the AIF exit mechanism syllabus.
Q13. What valuation techniques are covered?
Fair value approach, net asset value, independent valuation agency models, mark-to-market, and SEBI-mandated valuation principles are covered in depth.
Q14. How is risk management assessed in the NISM XIX-C exam?
Candidates must understand types of investment risk—market, liquidity, regulatory, counterparty—and mitigation strategies within AIF portfolios.
Q15. Are fund structures and fee structures part of the test?
Yes, learners must understand Category I, II, III AIF fund structures, sponsor commitments, hurdle rates, carry structures, and management fee norms.
Q16. What are alternative investment strategies covered?
Strategies include private equity, venture capital, hedge funds, long-short funds, real estate AIFs, and structured debt products.
Q17. What legal documentation should I know for the exam?
Key documents include PPM (Private Placement Memorandum), Contribution Agreement, Side Letter Agreements, Compliance Declarations, and SEBI filings.
Q18. Is performance measurement in AIFs part of the curriculum?
Yes, it includes IRR, TVPI, DPI, NAV-based returns, fee-adjusted performance ratios, and benchmark comparisons.
Q19. Are there MCQs and case-based questions mixed together?
Yes, the exam blends factual MCQs with mini case scenarios, where decisions must be made on fund structuring, regulation, or investment viability.
Q20. What is the difficulty level of this exam?
Moderate to Advanced. The exam requires conceptual clarity, case-solving skills, and practical understanding of alternative asset ecosystems.
Q21. Can I give the exam online?
No. Currently, NISM exams are conducted at designated test centers across India with prior registration on the NISM portal.
Q22. Where can I download the syllabus and exam handbook?
GurukulOnRoad offers a free download of the NISM Series XIX-C syllabus and exam handbook along with your mock test subscription.
Q23. Do I need prior experience to pass this exam?
While experience in fund management or investment advisory is useful, it is not mandatory. Focused study using our guided plan can help beginners crack the exam.
Q24. Are glossary terms useful for last-minute revision?
Absolutely. Our curated glossary provides definitions of all AIF concepts, SEBI terms, valuation models, and risk types—ideal for rapid revision.
Q25. What if I fail the exam?
You can reattempt the exam by registering again on the NISM site. Use your analytics report from GurukulOnRoad’s LMS to target weak areas for improvement.
All NISM Related Modules & Resources
- NISM Series-XII: Securities Markets Foundation Certification Examination – Online Mock Test
- NISM Series XIX-C: Alternative Investment Fund Managers – Online Mock Test
- NISM-Series-V-A: Mutual Fund Distributors Certification Examination – Online Mock Test
- NISM-Series-X-A: Investment Adviser (Level 1) – Online Mock Test
- NISM Series-X-B: Investment Adviser (Level 2) – Online Mock Test
- NISM-Series-VIII: Equity Derivatives Certification Examination – Online Mock Test
- NISM Series-III-A: Securities Intermediaries Compliance (Non-Fund) – Online Mock Test
- NISM-Series-XV: Research Analyst Certification Examination – Online Mock Test
- NISM Series-XXI-A: Portfolio Management Services (PMS) Distributors Certification – Online Mock Test
- NISM-Series-VII: Securities Operations and Risk Management – Online Mock Test
- NISM-Series-VI: Depository Operations Certification Examination – Online Mock Test
- NISM Series-IX: Merchant Banking Certification Examination – Online Mock Test
- NISM-Series-II-B: RTA – Mutual Fund Certification Examination – Online Mock Test
- NISM-Series-II-A: RTA – Corporate Certification Examination – Online Mock Test
- NISM Series XIX-A: Alternative Investment Funds (Category I and II) Distributors – Online Mock Test
- NISM-Series-I: Currency Derivatives Certification Examination – Online Mock Test
- NISM-Series-XVI: Commodity Derivatives Certification Examination – Online Mock Test
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