Wealth Management Module (Intermediate) Practice Exam
The Wealth Management Module (Intermediate) examination validates candidates' extensive and diverse understanding of wealth management. This includes comprehension of numerous investment and structured products crucial for long-term wealth accumulation, along with an awareness of the risks associated with these products and services. Additionally, it evaluates candidates' ability to assess clients' risk profiles and emphasizes the significance of asset allocation in wealth management strategies.
Who should take the exam?
The exam is best suited for:
- Students
- Investors
- Finance Professionals
- Anybody having interest in this subject
Exam Details
- Exam Name: Wealth Management Module (Intermediate)
- Exam Languages: English
- Number of Questions: 60
- Passing score: 60%
Course Outline
The Exam covers the given topics -
Topic 1: Overview of Financial Planning
- Background
- Role of Financial Planner
- Financial Planning Process
- Contract and Documentation
- Client Data Collection
- Client Data Analysis
- Life Cycle
- Wealth Cycle
- Risk Profiling and Asset Allocation
- Systematic Approach to Investing
- Financial Plan
- Financial Blood-Test Report (FBR)
- Financial Planning in India
Topic 2: Understand Wealth Management & The Economy
- Financial Planning to Wealth Management
- Economic Cycles and Indicators
- Interest Rate Views
- Currency Exchange Rate
- The Deficits
Topic 3: Learn about Investment & Risk Management: Equity
- Role of Equity
- Active and Passive Exposures
- Returns from Passive Exposure to S&P CNX Nifty
- Sector Exposure and Diversification
- Fundamental and Technical Analysis
- FundamentalValuationApproaches
- Investment and Speculation
- Leveraging
Topic 4: Understand Investment & Risk Management: Debt
- Role of Debt
- Deposits and Debt Securities
- Valuation of Debt Securities
- Yields and Interest Rate Risk
- Interest Rate and Debt Investments
- Credit Exposure and Debt Investments
- Concentration Risk
- Passive Investments in Debt
Topic 5: Investment & Risk Management: Alternate Assets
- Gold
- Real Estate
Topic 6: Investment Product & Services
- Derivatives
- Mutual Fund
- Venture Capital / Private Equity Funds
- Hedge Funds
- StructuredProducts
- Portfolio Management Services (PMS)
Topic 7: Investment Evaluation Framework
- Risk-ReturnFramework
- Risk
- Risk Adjusted Returns
- SSELECTIVVELLY-Invest Classification Scheme for Investment Products
Topic 8: Understand Risk Profiling & Asset Allocation
- Risk Profiling
- Why Asset Allocation?
- Strategic Asset Allocation
- Tactical Asset Allocation
- Fixed Asset Allocation
- Flexible Asset Allocation
- Asset Allocation Returns in Equity and Debt
- Asset Allocation Returns in Equity, Debt and Gold
- Allocation to Speculation
- Diversification in Perspective
Topic 9: Risk Management through Insurance
- Risk Assessment
- Life Insurance
- Health Insurance
- General Insurance
- Safeguards in Insurance
Topic 10: Learn about Elements of Taxation
- Previous Year and Assessment Year
- Gross Total Income
- Income Tax Slabs
- Advance Tax
- Tax Deducted at Source (TDS)
- Exempted Income
- Deductions from Income
- Long Term and Short Term Capital Gain / Loss
- Speculation Profit / Loss
- Capital Gains Tax exemption under Section 54EC
- Capital Gains Tax exemption under Section 54F
- Setting Off & Carry Forward
Topic 11: Taxation of Investment Products
- Dividend Tax / Tax on Income Distributed by Mutual Fun
- Securities Transaction Tax (STT)
- Capital Gains Taxation
- Taxation of Fixed Deposits and Fixed Maturity Plans
- Dividend and Growth Options in Mutual Fund schemes.
- Wealth Tax.
Topic 12: Understand Estate Planning
- Background
- Assets & Liabilities
- Nomination
- Inheritance Law
- Will
- Trust