Reading Number

Number of LOS
Applications of Economics Analysis to Portfolio Management
16 Capital Market Expectations 18
17 Equity Market Valuation 7
Item Set Test - Capital Market Expectations
Item Set Test - Equity Market Valuation
Essay Based Test - Economics Analysis to Portfolio Management

Asset Allocation and Related Decisions in Portfolio Management

18 Asset Allocation 20
19 Currency Management: An Introduction 9
20 Market Indexes and Benchmarks 8
Item Set Test - Asset Allocation
Essay Based Test - Asset Allocation

Fixed-Income Portfolio Management

21 Fixed Income Portfolio Management - Part I 14
22 Relative-Value Methodologies for Global Credit Bond 5
23 Fixed Income Portfolio Management - Part II 13
Item Set Test - Fixed Income
Essay Based Test - Fixed Income

Equity Portfolio Management

24 Equity Portfolio Management 22
Item Set Test - Equity Portfolio Management
Essay Based Test - Equity Portfolio Management

Alternative Investments for Portfolio Management

25 Alternative Investments Portfolio Management 22
Item Set Test - Alternative Investmens

Behavioral Finance
6 The Behavioral Finance Perspective 4
7 The Behavioral Biases of Individuals 4
8 Behavioral Finance and Investment Processes 7

Private Wealth Management

9 Managing Individual Investor Portfolios 11
10 Taxes and Private Wealth Management in a Global Context 9
11 Estate Planning in a Global Context 12
12 Concentrated Single Asset Positions 12
13 Lifetime Financial Advice: Human Capital, Asset Allocation, and Insurance 7
Item Set Test - Private Wealth Management
Essay Based Test - Private Wealth Management
Essay Based Test - Behavioral Finance + Private Wealth Management
 Portfolio Management for Institutional Investors
14 Managing Institutional Investor Portfolio 14
15 Linking Pension Liabilities to Assets 5
Item Set Test - Institutional Investors
Essay Based Test - Institutional Investors

Risk Management
26 Risk Management 13
Item Set Test - Risk Management
Essay Based Test - Risk Management

Risk Management Applications of Derivatives

27 Risk Management Applications of Forward and Futures Strategies 7
28 Risk Management Applications of Option Strategies 6
29 Risk Management Applications of Swap Strategies 8
Item Set Test - Application of Derivatives
Essay Based Test - Application of Derivatives

Trading, Monitoring, and Rebalancing

30 Execution of Portfolio Decisions 16
31 Monitoring and Rebalancing 10
Item Set Test - Trading, Monitoring and Rebalancing

Performance Evaluation
32 Evaluating Portfolio Performance 20
Item Set Test - Performance Evaluation
Essay Based Test - Execution and Performance Evaluation

Ethical and Professional Standards

1 Code of Ethics and Standard of Professional Conduct 2
2 Guidance for Standards I-VII 2
3 The Consultant 2
4 Pearl Investment Management (A), (B), and (C) 2
5 Asset Manager Code of Professional Conduct 3
Item Set Test - Ethical and Professional Standards

Global Investment Performance Standards

33 Overview of the Global Investment Performance Standards 21
Item Set Test - Global Investment Performance Standards

First Revision

3 Item Set Tests of 3 hours duration combining 5 to 7 subjects

3 Essay Based Tests of 3 hours duration combining 5 to 7 subjects

Second Revision
Full Length Mock Tests
Mock Test 1 (Morning + Afternoon)
Mock Test 2 (Morning + Afternoon)
Mock Test 3 (Morning + Afternoon)

Important Notes:
Item set tests and essay based tests will be of 90 minutes duration each.
Revision is vital in level 3. The content is easy to understand but needs lots of revision to sink in. Please dedicate
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Working professionals need to devote more time in last 3-4 weeks
 Hours required
for
What should you expect in the exam? understanding
The weight is 5-15%. You may get one item set from equity market valuation chapter
in afternoon exam and one essay based test question in the morning exam.
Concentrate on all the formulas. You will be definitely need those formulas in the 6
exam. 2

5
You are more likely to get a question in the morning essay based exam and may be
asked to comment on the asset allocation, currency management or market indices. 6
The weight will be around 5%. 2

The weight is 10-20%. You are more likely to get questions in both morning and 4
afternoon exam. It is one of the high scoring areas in the essay based exam as you
will get full marks for the calculation part if done correctly. Try to understand 2
immunization thoroughly and concentrate on formulas. 5

The weight is 5-15%. You are more likely to find this topic in the morning exam. 6

The weight is 5-15% and you are more likley to find this topic in the afternoon exam.
Study all the topics thoroughly. It is a high scoring area. 5

You will get questions from this topic in the essay based exam and the questions can 3
be combined with the private wealth management topic. Just read it once and do not
waste much time on this topic as questions will be pretty straight forward from this 2.5
topic. 3

One of the most important area in level III exam. You will definitely find at least one
essay based question in the morning exam where you will be asked to calculate the 4
rate of return required. The total weight of this topic will be around 15%. You may get 6
one item set based question as well. Practice enough problems and show all the steps 3
in the calculation along with formula to gain more marks in the morning exam. Do
not worry about the calculations in 10th reading. Generally they don't ask questions 5
from this reading. 2
You will get one or two questions in the morning essay based exam from this topic in
the mornign exam. The weight of this topic will be around 10%. Study it thoroughly 6
from the curriculum book and write key words to get good marks. 1.5

You can get a question from this topic in either of morning or afternoon exam. The
weight of this topic will be around 5%. Concentrate on the formulas and the
application of all the ratios. 6

The weight of this area will be between 5 to 10%. You can find question in morning 3
or/and afternoon exam. The formulas are very important to score good in this area.
You must have a good conceptual understanding of reading 28 as well to score well in 7
this area. 3

with revision. Questions can be asked either in morning or afternoon session. You
must be comfortable with all the strategies of rebalancing as you are more likely to 4
get a question from that area. 3

The weight of this topic will be around 5%. Ratios are important. You should be comfor 7

0.5
10
0.5
The weight of this topic is 10-15%. You will find this topic in afternoon exam only in
item set based format. 5th reading is extremely important for the exam. Practice is 2
the key to master this topic. 2

The weight will be either 0% or 5%. Most likely it will be 5% and you will get an item s 10
n to sink in. Please dedicate enough time for revision.

level-iii
Hours
required for Total
practicing hours Week Number-Day (Working Professionals) (2
problems required hours on working days and 12 on weekends) Progress

2 8 1 - Monday to 1 - Thursday
1 3 1 - Friday and 1 - Saturday
3 1 - Saturday
3 1 - Saturday
3 1- Sunday

2 7 1- Sunday to 2 - Tuesday
2 8 2 - Wednesday to 2 - Saturday
1 3 2 - Saturday
3 2 - Sunday
3 2 - Sunday

2 6 3 - Monday to 3 - Wednesday
1 3 3- Thursday and 3- Friday
2 7 3 - Friday and 3- Saturday
3 3 - Sunday
3 3 - Sunday

2 8 4 - Monday to 4 - Thursday
3 4 - Friday
3 4 - Saturday

2 7 4 - Saturday and 4 - Sunday

3 4 - Sunday

1 4 5 - Monday and 5 - Tuesday

1 3.5 5 - Wednesday and 5- Thursday
1 4 5 - Friday and 5 - Saturday

3 7 5 - Saturday and 5 - Sunday

2 8 5 - Sunday to 6 - Tuesday
1 4 6 - Wednesday and 6 - Thursday
2 7 6 - Friday and 6 - Saturday
1 3 6 - Saturday and 6 - Sunday
3 6 - Sunday
3 6 - Sunday
3 7 - Monday
 3 9 7 - Tuesday to 7 - Saturday
0.5 2 7 - Saturday
3 3 7 - Saturday
3 7 - Sunday

2 8 7 - Sunday to 8 - Wednesday
3 8 - Wednesday and 8 - Thursday
3 8 - Friday

2 5 8 - Saturday
3 10 8 - Saturday to 9 - Tuesday
2 5 9 - Tuesday to 9 - Thursday
3 9 - Friday
3 9 - Saturday

2 6 9 - Saturday and 9 - Sunday

1 4 9 - Sunday
3 10 - Monday

3 10 10 - Tuesday to 10 - Saturday
3 10 - Saturday
3 10 - Sunday

0.5 10 - Sunday
3 13 10 - Sunday to 11 - Friday
0.5 11 - Saturday
2 11 - Saturday
1 3 11 - Saturday
3 11 - Sunday

2 12 11 - Sunday to 12 - Friday
3 12 - Saturday

80 12 - Saturday to 17 - Saturday

12 12 - Saturday to 17 - Saturday

12 12 - Saturday to 17 - Saturday

50 12 - Saturday to 17 - Saturday
 9 14 - Sunday
9 15 - Sunday
9 16 - Saturday

Total hours 443.5

Week Number- Day (for those who
are not working)(4 hours daily) Progress

1 -Monday and 1- Tuesday

1- Wednesday
1- Wednesday and 1- Thursday
1- Thursday
1 - Friday

1- Saturday and 1- Sunday

2 - Monday and 2 - Tuesday
2 - Wednesday
2 - Thursday
2 - Thursday

2- Friday and 2 - Saturday

2 - Saturday
2 - Sunday and 2 - Monday
2 - Tuesday
2 - Tuesday

2- Wednesday and 2 - Thursday

2- Friday
2- Friday

2- Saturday and 2- Sunday

3- Monday

3- Tuesday
3- Wednesday
3- Thursday

3- Friday and 3- Saturday

3 - Sunday and 4 - Monday
4 - Tuesday
4 - Wednesday and 4 - Thursday
4 - Friday
4 - Saturday
4 - Saturday
4 - Sunday
5 - Monday
5 - Monday
5 - Tuesday
5 - Wednesday

5 - Thursday and 5 - Friday

5 - Saturday
5 - Sunday

6 - Monday and 6 - Tuesday

6 - Tuesday to 6 - Thursday
6 - Friday
6 - Saturday
6 - Sunday

7 - Monday and 7 - Tuesday

7 - Tuesday and 7 - Wednesday
7 - Wednesday

7 - Thursday to 7 - Saturday
7 - Saturday
7 - Sunday

8 - Monday
8 - Monday to 8 - Thursday
8 - Thursday
8 - Thursday
8 - Friday
8 - Saturay

8 - Sunday to 9 - Tuesday
9 - Wednesday

9 - Thursday to 17 - Saturday

9 - Thursday to 17 - Saturday

9 - Thursday to 17 - Saturday

9 - Thursday to 17 - Saturday
14 - Sunday
15 - Saturday
16 - Wednesday