Read the Actual Strategy
Start with the investment strategy information document and its mandate.
Who this is for
For Professionals Explaining Complex Fund Strategies
Designed for people who evaluate, communicate or support SIF investment strategies.
Mutual Fund Distributors
Explain SIF features, risks and client fit
Wealth & Relationship Managers
Assess a strategy alongside the investor’s existing portfolio.
AMC & Product Teams
Strengthen strategy and disclosure communication.
Finance Students & Analysts
Build foundations in derivatives and fund structure.
Investment Product Professionals
Build a clearer understanding of strategy design, exposure, liquidity and disclosures.
Fund Research Professionals
Review strategy design, risk, liquidity and performance context.
Why choose AAFM India?
Prepare for your exam. With AAFM India.
Chapter-wise learning, exam-focused practice and extended LMS access—all in one place
01
Practice that follows the exam
Our quizzes follow the exam’s topic weightage, helping you plan your practice around the syllabus.
02
Chapter-wise video lectures
Work through chapter-wise video lectures and replay the topics you want to revise.
03
Learn from Renowned Industry Experts
Learn with industry experts who bring practical market knowledge and subject expertise into your exam preparation.
04
6 Months of LMS Access
Revisit lessons, practice material and course resources for six months through the learning platform.
05
One free mock test
Check your understanding and identify the topics you need to revise before you enrol.
06
One free demo video
See how we teach before choosing the course.
The pathway
Knowledge You Can Put to Work
Move from framework and strategy design to a sound suitability conversation.
UNDERSTAND THE FRAMEWORK
Learn the SIF structure, permitted strategies and investment threshold.
DECODE THE EXPOSURES
Understand futures, options, hedges and short positions, then check what the mandate permits.
ASSESS SUITABILITY
Relate the strategy to investor goals, liquidity needs and risk capacity.
Program Overview
Understand the Strategy Before Discussing the Return
This course connects SIF structure with the derivative concepts needed to understand more complex strategies. It covers permitted exposures, potential sources of return and loss, liquidity, disclosures and investor suitability.
FRAMEWORK
SIF Structure
Learn the SIF structure, permitted strategies and investment threshold.
EXPOSURES
Derivative Foundations
Build foundations in futures, options, payoff logic, hedging and short positions, then connect them to the mandate.
INVESTOR FIT
Terms & Suitability
Review dealing frequency, valuation, costs, disclosures, liquidity and investor suitability.
Don’t pass? Get a 100% refund.*
If you do not pass the examination, you can claim a 100% refund under AAFM India’s applicable refund policy.
*Refund coverage and eligibility are governed by the applicable policy. Review the refund terms before enrolling.
*Refund coverage and eligibility are governed by the applicable policy. Review the refund terms before enrolling.
Build the Analysis Before the Recommendation
01 — Understand the SIF Framework
Start with the SIF framework, permitted strategies and investment threshold.
02 — Build Derivative Foundations
Build a foundation in futures, options, payoff logic, hedging and short positions.
03 — Read the Strategy Document
Review asset allocation, exposure limits, costs, risks and subscription and redemption terms.
04 — Assess Investor Fit
Practise explaining the strategy and assessing whether it fits an investor’s goals, liquidity needs and risk capacity.
Skills You Will Build
SIF Structure Understanding
Understand SIF structures, product features, investment approaches and how specialised strategies differ from conventional mutual fund offerings.
Derivative Strategy Interpretation
Interpret futures, options and interest-rate derivative concepts and connect payoff structures with hedging and investment strategies.
Risk Assessment
Assess market, liquidity, derivative and strategy risks before explaining a product or investment approach to an investor.
Investor Suitability
Relate product complexity, risk profile, investment horizon and liquidity considerations to an investor’s needs and objectives.
Mutual Fund & SIF Distribution Knowledge
Connect mutual fund distribution fundamentals with SIF-specific product knowledge, disclosures and distribution considerations.
Exam-Focused Application
Apply concepts across mutual funds, equity derivatives and interest-rate derivatives to exam-style questions and practical scenarios.
Learn from experience
◆Meet Your Trainers
Romit Barat
Executive Director – AAFM® India
Executive Director – AAFM® IndiaKey Expertise:Regulatory Certifications & Financial EducationInvestment & Portfolio ManagementCorporate Growth & Innovation
AAFM INDIA
The shift
Look Inside the Portfolio
Read the mandate, identify long and short exposures, understand how derivatives affect outcomes, check redemption terms and document the reason for recommending a strategy.
Map the Return Drivers
Distinguish long exposure, hedges and permitted short positions.
Check Liquidity and Cost
Understand dealing frequency, exit terms, expenses and valuation.
Document Client Fit
Record knowledge, risk capacity, investment horizon and disclosures.
What You Will Learn
A structured learning path covering mutual fund distribution, Specialized Investment Funds, equity derivatives and interest-rate derivatives.
Specialized Investment Fund (SIF) 7 Lessons 04:29:34
Introduction to Specialized Investment Fund
1 Lessons
00:10:23 Hours
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Introduction to Specialized Investment Fund
00:10:23
Session 1 : Concept of ITM, ATM & OTM, Different Types of Derivative Products
1 Lessons
00:32:59 Hours
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Session 1 : Concept of ITM, ATM & OTM, Different Types of Derivative Products
00:32:59
Session 2 : Derivative Analysis, Forward & Futures Contract
1 Lessons
00:25:13 Hours
-
Session 2 : Derivative Analysis, Forward & Futures Contract
00:25:13
Session 3 : Explanation of Call & Put Options, Difference between Futures & Options
1 Lessons
00:31:19 Hours
-
Session 3 : Explanation of Call & Put Options, Difference between Futures & Options
00:31:19
Session 4 : Understanding Return, Option Pricing & Different Types of Functions (theta, delta, rho)
1 Lessons
00:55:06 Hours
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Session 4 : Understanding Return, Option Pricing & Different Types of Functions (theta, delta, rho)
00:55:06
Session 5 : What is Currency Pair & Real Life Exam Questions for Derivatives
1 Lessons
01:16:19 Hours
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Session 5 : What is Currency Pair & Real Life Exam Questions for Derivatives
01:16:19
Session 6 : Understanding SWAP Contract, Macaulay's duration & Some Important Numerical Questions
1 Lessons
00:38:15 Hours
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Session 6 : Understanding SWAP Contract, Macaulay's duration & Some Important Numerical Questions
00:38:15
Frequently Asked Questions
It is an exam-oriented preparation program for NISM Series XIII, built around derivatives, SIF concepts, risk, regulation and exam-style practice. It combines concept videos, concise material, concept builders and mock tests to help candidates move from theory to application and answer scenario-based multiple-choice questions with confidence.
NISM XIII candidates, alternative-investment aspirants, financial advisors, RIAs and wealth professionals who want stronger product, suitability and risk knowledge, as well as deeper knowledge of structured portfolios and derivative strategies.
The program covers currency, interest-rate and equity-derivative concepts within the SIF framework. Sessions explain ITM, ATM and OTM, forwards and futures, call and put options, option pricing and Greeks such as theta, delta and rho, currency pairs, swap contracts and Macaulay's duration, with numerical questions.
The chapters are: Basics of Derivatives; Introduction to the Underlying Markets; Forwards and Futures; Strategies Using Futures; Introduction to Options; Option Trading Strategies; Trading, Clearing, Settlement and Risk Management; Legal and Regulatory Environment; Accounting and Taxation; and Sales Practices, Code of Conduct and Investor Protection.
The program includes 10 chapters, 7 concept videos, 10+ exam-style questions and 3 real-pattern mock tests. The videos total about 4.5 hours of learning. You can access the course on mobile and desktop for one year, so you can revise at your own pace.
The self-paced program costs ₹9,999 plus 18% GST, so the total payable is ₹11,798.82. The fee includes online study material and one-year access.
Yes. It covers the legal and regulatory environment, accounting and taxation, and sales practices, code of conduct and investor protection.
It focuses on exam reading, helping you decode what each question tests and recognise common traps. Case-oriented thinking links derivative concepts and SIF structures to professional situations. Exam-style questions, three mock tests, concept builders and key takeaways then help you consolidate each module and practise application.
The minimum age is 18 years and a valid PAN card is mandatory. No minimum education is specified, though a bachelor's degree can be beneficial.
Self-paced or live
◆Choose your Study Mode
Choose the study mode that works best for Specialised Investment Fund. Your selected course access and applicable fees are shown below.
Study on your own schedule
₹9999
+ 18% GST
₹11798.82 payable today
- Chapter-wise structured learning
- Exam-focused practice
- 6 months of LMS access
- Mock-test practice
- Mobile and desktop access
- Learning support
Ready to Understand SIFs in Depth?
Read the mandate. Map the exposure. Explain the fit.
Enroll in the Training →
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