CFA Level 1 Derivatives Regular Batch

Focus Only Where You Need Help

CFA Level 1 Partial Topics is SSEI’s flexible option for students who want to study only selected topics. Choose one topic, three topics, or all ten, and pay only for what you need. Each topic includes full-length core teaching by Sanjay Saraf Sir, fully aligned with the 2027 CFA Level 1 curriculum.

What you'll learn

• Full-length core teaching on the specific topics you select - every LO, every reading, every example
• 2027 curriculum-aligned: Quant re-sequencing, Equities rebuild, Ethics re-segmentation, Corporate Finance / Portfolio Construction renames
• Any combination - one topic, three topics, or all ten - pay only for what you take

This course includes

• Full-length topic teaching — every LOS and reading conceptually explained and deliberated on (not a compressed Fast Track summary)
• Buy any combination — one topic, three topics, or all ten — pay only for what you take
• Continuously Updated Course Content — Designed to stay aligned with the latest CFA curriculum and exam changes
• 1.5× Views permanent recorded access — You can watch the complete course content for up to one-and-a-half times its total class duration
• PDF class notes for each topic — structured for revision and quick reference
• Doubt Resolution Platform — Get your doubts answered through QForum and Sir's Telegram

Curriculum

Quantitative Methods (65+ lectures, 100+ hours)

• Returns of Financial Assets and Instruments
• Types of Financial Returns
• Benchmarking Returns
• The Time Value of Money in Finance
• Statistical Characteristics of Asset Returns
• Statistical Distributions Financial Asset price and Returns
• Estimation and Hypothesis Testing
• The Return and Risk of a Financial Portfolio
• Simulation of Financial Assets Prices and Returns
• Applications of Simple Linear Regression in Finance
• Introduction to Financial Data Science

Economics (50+ lectures, 70+ hours)

• The Firm and Market Structures
• Understanding Business Cycles
• Fiscal Policy
• Monetary Policy
• Introduction to Geopolitics
• International Trade
• Capital Flows and the FX Markets
• Exchange Rate Calculations

Corporate Finance (20+ lectures, 30+ hours))

• Organizational Forms, Corporate Issuer Features, and Ownership
• Investors and Other Stakeholders
• Corporate Governance: Conflicts, Mechanisms, Risks, and Benefits
• Working Capital and Liquidity
• Capital Investments and Capital Allocation
• Capital Structure
• Business Models

Financial Statement Analysis (55+ lectures, 90+ hours)

• Introduction to Financial Statement Analysis
• Analyzing Income Statements
• Analyzing Balance Sheets
• Analysing Statements of Cash Flows I
• Analysing Statements of Cash Flows II
• Analysis of Inventories
• Analysis of Long Term-Assets
• Analysis of Long-Term Liabilities and Equity
• Analysis of Income Taxes
• Financial Reporting Quality
• Financial Analysis Techniques
• Introduction to Financial Statements Modeling

Equities (60+ lectures, 70+ hours)

• Equity Instrument Features
• Equity Jurisdictions, Classes, and the Voting Process
• Equity Issuance and Trading
• Sources of Equity Valuation
• Introduction to Equity Valuation
• Discounted Cash Flow (DCF) and Growth Models
• Relative Value Equity Valuation Approaches
• Financial Statement Forecasting in Equity Valuation
• Industry and Competitive Analysis
• Company Analysis: Past, Present, and Future
• Equity Analyst
• The Capital Asset Pricing Model, Market Model and the Other Factor-Based Equity Models

Fixed Income (65+ lectures, 80+ hours )

• Fixed Income Features
• Fixed Income Cash Flows and Types
• Fixed Income Issuance and Trading
• Fixed Income for Corporate Issuers
• Fixed Income for Government Issuers
• Fixed Income Bond Valuation: Prices and Yields
• Yield and Yield Spread Measure for Fixed-Rate Bonds
• Yield and Yield Spread Measures for Floating Rate Note
• The Term Structure of Interest Rates: Spot, Par, and Forward Curves
• Interest Rate Risks and Return
• Yield Based Bond Duration Measures and Properties
• Yield Based Bond Convexity Measures and Portfolio Properties
• Curve Based and Empirical Fixed Income Risk Measures
• Credit Risk
• Credit Analysis for Government Issuers
• Credit Analysis for Corporate Issuers
• Fixed-Income Securitisation
• Asset-Backed Security (ABS) Instrument and Market Features
• Mortgage-Backed Security (MBS) Instrument and Market Features

Derivatives (55+ lectures, 60+ hours)

• Derivative Instrument and Derivative Market Features
• Forward commitment and Contingent Claim Features and Instruments
• Derivative Benefits, Risks, Issuer and Investor Uses
• Arbitrage, Replication and the Cost of Carry in Pricing Derivatives
• Pricing and Valuation of Forward Contracts and for and underlying with Varying Maturities
• Pricing and Valuation of Future Contracts
• Pricing and Valuation of Interest Rates and Other Swaps
• Pricing and Valuation of Options
• Option Replication Using Put-Call Parity
• Valuing a Derivative Using a One Period Binominal Model

Alternative Investments (25+ lectures, 30+ hours)

• Alternative Investment, Features, Methods, and Structures
• Alternate Investment Performance and Returns
• Investment in Private Capital: Equity and Debt
• Real Estate and Infrastructure
• Natural resources
• Hedge Funds

Portfolio Construction (45+ lectures, 60+ hours)

• Portfolio Risk and Return: Part 1
• Portfolio Risk and Return: Part 2
• Portfolio Management: An Overview
• Basics of Portfolio Planning and Construction
• The Behavioural Biases of Individuals
• Introduction To Risk Management

Ethical and Professional Standards (40+ lectures, 60+ hours)

• Ethics and Trust in the Investment in the Investment Profession
• Code of Ethics and the Standards of Professional Conduct
• Guidance for Standard I: Professionalism
• Guidance for Standard II: Integrity of Capital Markets
• Guidance for Standard III: Duties to Clients
• Guidance for Standard IV: Duties for Employers
• Guidance for Standard V: Investment Analysis, Recommendation and Actions
• Guidance for Standard VI: Conflict of Interest
• Guidance for Standard VII: Responsibilities as a CFA Institute Member or CFA Candidate
• Application of the Code and Standards: Level 1

2027 Syllabus Notes

• GIPS is no longer a standalone L1 reading. Market Efficiency and the standalone Security Market Indexes reading have been removed from L1.