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NISM exams13 exams with free mock tests and study guidesPersonal financeBudgeting, insurance, loans, SIPs and tax
Money Basics
The foundations every household needs.
Financial maths for advisersTime value, CAGR, XIRR, SIP maths, inflation and costs: the numbers behind every client conversation.Investor behaviour and psychologyLoss aversion, herding, anchoring and the behaviour gap, plus a script for the hard conversation.Tax and retirement planningCapital gains, switching and harvesting, IDCW and regimes, then retirement corpus maths, withdrawals and honesTax on investments: capital gains, TDS and returnsHow gains, interest and dividends are taxed, what TDS means, how losses help, and how to file with confidence.Retirement: EPF, PPF, NPS and pensionsHow to size a retirement goal, and how EPF, PPF, NPS and other schemes can help you build and use it.Budgeting and the emergency fundKnow where your money goes, choose a budgeting method that you will keep, build an emergency fund and handle dLife and term insuranceWhy life cover matters, how term insurance works, how much you need, and why you should keep insurance and invHealth insuranceHow health cover pays, what reduces your payout, waiting periods and exclusions, and how to choose and keep a General insurance: motor, home and travelHow motor, home, travel and accident cover works, what is excluded, and how claims are made.Loans, EMIs and credit scoresHow EMIs are built, fixed versus floating rates, ways to cut interest, how credit scores work and how to use cFinancial scam safetySpot red flags, avoid digital fraud and fake investment schemes, verify who you deal with and know what to do Wealth succession and estate basicsWills, nominations, joint holding and family structures: how wealth passes on, and how to avoid disputes.
Mutual Funds
From your first SIP to analysing a fund like a professional.
Mutual fund foundationsHow the industry works, what an SIP can and cannot promise, why costs and rules matter, and how to talk honestSIP, SWP, STP and goal investingStart, step up, transfer and withdraw: the systematic plans that turn goals into monthly habits.SEBI, AMFI and the rules of the roadWho runs a mutual fund, how funds are classified, what costs mean, and what you may and may not say to a clienEquity fund categoriesLarge, mid, small, flexi, ELSS, sectoral and style funds: what each must hold and who each suits.Hybrid funds: balanced, arbitrage and equity savingsAggressive, conservative, balanced advantage, arbitrage and equity savings: how each works, how it is taxed, aFixed income and debt fundsBond maths, duration, credit risk, the yield curve, SEBI categories, tax, and matching debt funds to goals honIndex funds and ETFs: passive investingIndex funds, ETFs, tracking error, smart beta and how to build a low-cost core.Multi-asset and allocationWhy allocation drives outcomes, how multi-asset funds work, and how to handle rebalancing, retirees and objectFund analysis and client conversationsRead a factsheet like an analyst, test a fund under stress, handle hard objections and stay inside the rules.
Stock Market and Economy
How markets, indices and the economy fit together.
How the stock market worksShares, exchanges, demat accounts, orders, settlement, IPOs and corporate actions: everything you need before Reading a company: fundamentalsEarnings, valuation ratios, profitability, debt and cash flow: how to judge a business before you judge its shIPOs: how they work and how to judge themWhat happens when a company lists, how to apply, how allotment works and what to check before you invest.Indian economy and marketsGrowth, rates, inflation, flows and valuation, and how to turn the macro picture into a simple story for a cliDefence and manufacturingThe budget, production, exports and order pipeline behind the theme, and how to pitch it without overpromisingBroad market indicesNifty 50 to Total Market: what each index holds, how it is weighted and what it says about the market.Mid and small cap indicesMidcap, smallcap and microcap indices: valuation, concentration and how they behave.Banking and financial indicesBank, private bank, PSU bank, financial services, NBFC and insurance indices.Consumer, health and realty indicesAuto, FMCG, pharma, healthcare, consumer durables, media and realty indices.Technology and infrastructure indicesIT, telecom, capital goods, infrastructure and cement indices.Energy, materials and defence indicesMetal, chemicals, oil and gas, power, commodities and defence indices.Futures explainedWhat a futures contract is, how margin and daily settlement work, and why leverage cuts both ways.Options explainedCalls, puts, premium, the Greeks and simple strategies, with an honest look at who wins and who loses.
Gold, Real Assets and Alternatives
Beyond shares and bonds.
Gold and silver for client portfoliosWhat drives precious metals, which product fits which client, how much is enough, and how to keep expectationsGold: ways to own itWhy gold is held, what moves its price, and how physical gold, ETFs, funds, bonds and digital gold compare.Silver: ways to own itSilver’s dual life as a precious and an industrial metal, what drives it, and how to own it sensibly.REITs and InvITs: real-asset incomeHow listed trusts own offices, malls, roads and power lines, how payouts and tax work, the risks, and how SEBIPMS, AIF and SIF structuresHow PMS, AIFs and SIFs work, who they suit, how they are costed and taxed, and how to sell them without crossiPortfolio Management Services (PMS)What a PMS is, who it is for, how fees and taxes work, and the questions to ask before investing ₹50 lakh or mAlternative Investment Funds (AIF)Category I, II and III AIFs, who can invest, fee structures, lock-ins and the risks of private pooled funds.Specialised Investment Funds (SIF)SEBI’s newer category between mutual funds and PMS or AIFs: strategies, the ₹10 lakh threshold, long-short expBonds, G-Secs and fixed income instrumentsHow bonds work, what moves their prices, how government and corporate bonds differ, and how they compare with
NRI and Global
For Indians living abroad and global investing.
NRI banking and investing in IndiaNRE, NRO and FCNR accounts, who counts as an NRI, how investing and tax work, and the compliance steps that maNRI residency and tax basicsWho counts as an NRI, how residential status is decided, what India taxes, and how treaties and returns work.NRI investing: funds, shares, property and depositsThe routes an NRI can use to invest in India: mutual funds, shares through PIS, property, deposits, and how moInvesting overseas from IndiaHow Indian residents can invest abroad, the limits and taxes that apply, and the risks of global markets.
UpperCrust Academy is independent study material from UpperCrust Wealth. It is not affiliated with NISM, SEBI or AMFI. For education only. Not investment advice. Always confirm the latest syllabus and rules on the official NISM website.