NISM-Series-XVIII: Financial Education Certification Examination offered by National Institute of Securities Markets
4.8 /5- Private Institute
- Estd. 2006
NISM-Series-XVIII: Financial Education Certification Examination at NISM Overview
Duration | 2 hours |
Total fee | ₹1,416 |
Mode of learning | Online |
Official Website | Go to Website  |
Credential | Certificate |
NISM-Series-XVIII: Financial Education Certification Examination at NISM Highlights
- Earn a certificate upon completion
NISM-Series-XVIII: Financial Education Certification Examination at NISM Course details
- Know the key concepts of one’s financial life
- Understand the concept of financial planning and the steps involved
- Familiarize with various investment options and saving and investment products
- Familiarize with Stock Markets and Mutual Funds
- Understand the concept and need of Insurance and various types of Insurance
- Understand the need for retirement planning and salient features of various pension products
- Be aware of various government schemes available for saving, investment, insurance and pension needs
- Be aware of Ponzi schemes and financial frauds
- Know the Investor Grievance Redressal mechanisms developed by the financial sector regulators for investor protection
- The examination is created for those candidates who wish to assess their financial literacy and their understanding of various aspects of financial markets including banking, securities, insurance and pension
- It seeks to ensure a basic understanding of the various aspects of an individual’s and/or a household’s financial planning by enhancing their financial literacy
- This examination covers key concepts in financial literacy, various investment options, savings and investment products, insurance and pension, retirement planning, stock market, caution against Ponzi schemes, tax savings options, investor protection and investor grievance redressal
- Exam duration - 120 min
- Exam fees- INR 1416
NISM-Series-XVIII: Financial Education Certification Examination at NISM Curriculum
Introduction
1.1. Need for Financial Literacy
1.2. Role of financial education in achieving financial well being
1.3. Importance of Financial Planning
Key Concepts in Personal Finance
2.1. Key concepts of Personal Finance: Savings, Investment, Borrowing, Income and Expenses, Surplus/Deficit, Assets and Liabilities, Inflation, Time Value of Money, Active and Passive Income, Instant and Delayed Gratification, etc
2.2. Power of compounding and Rule of 72
2.3. Concept of Rupee Cost Averaging
Financial Planning and Budgeting
3.1. Define Financial Planning
3.2. Financial Planning Process
3.3. Steps involved in Financial Planning Process
3.4. SMART financial goals
3.5. Three pillars of investments
3.6. Concepts of risk and return
3.7 Budgeting and its importance in financial planning
Savings Related Products
4.1. Types of bank accounts: Savings account, Current account, fixed deposits, recurring deposits
4.2. Various modes of transfer through banking channel: NEFT, RTGS, IMPS, UPI
4.3. Account opening process and importance of KYC norms
4.4. Do’s and don’ts while using digital payments
4.5. Credit cards and Debit cards
4.6. Role of Reserve Bank of India
Investment in Securities Market
5.1. Investment avenues offered by Securities Markets
5.2. Primary Market and Secondary Market
5.3. Operational aspects of securities markets: placement of orders, contract note, pay-in and pay-out, trading and settlement cycle
5.4. Various risks involved in investing in securities markets
5.5. Benefits of investing through Mutual Funds
5.6. Mutual Fund categorization and product labeling of mutual funds
5.7. Systematic Investment Plan (SIP) and its advantages
5.8. Role played by Commodity Derivatives markets in hedging of commodity price risk
5.9. Products traded in Commodity Derivatives Exchanges and their usefulness to various stakeholders
Insurance related Products
6.1. Role of Insurance as risk management tool
6.2. Various types of Insurance products and their key features
6.3. Regulatory role of IRDAI
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NISM-Series-XVIII: Financial Education Certification Examination at NISM Contact Information
Plot No. IS 1 and IS 2,
Patalganga Industrial Area,
Village Mohopada (Wasambe),
Rasayani
Raigad ( Maharashtra)
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