Free diagnostic practice
Have candidates complete any 10 questions for an early score snapshot, then continue the entire 40-question set and review explanations.
Launch the free test
Free resource for IFC candidates, educators and study groups
A ready-to-use IFC study group kit — absolutely free
Run a 25-minute Investment Funds in Canada practice session with your class, colleagues or study buddies. Share 40 original exam-style questions (30 concepts + 10 calculations), instant explanations, five flashcards and a case study. Students do not need to register or pay.
No student account required10-question score checkpointOriginal independent practiceThree free resources to share
Use these in any order; no student needs to purchase our course to use the resources below.
Exam format and study topics
Review the exam structure and subject coverage before planning a revision session; always confirm requirements directly with the exam provider.
Read the IFC exam guideStudy method and calculation help
Give students a plan for active recall, numerical practice and reviewing weak subjects between sessions.
See the free study method25-minute group activity
For a class, a bank trainee study circle or a small online study group. The group leader only needs this page and the free diagnostic.
Set the goal
Ask everyone to pick one topic they find difficult: suitability, risk and return, fund costs or basic calculations.
10-question diagnostic
Each person answers 10 scored practice questions independently. The free checkpoint shows correct answers out of 10; it is not a prediction of the official score.
Discuss the reasoning
Compare why each distractor is tempting, note two recurring mistakes, and review the test's explanations and exam traps.
Do one calculation together
Choose an example below, ask participants to show the formula and units, then assign the remaining free questions for follow-up.
Three worked calculation prompts
These are original practice exercises for teaching and discussion. Tap each solution to check the arithmetic.
1. Mutual fund net asset value
A fund has assets of $5,200,000, liabilities of $200,000, and 250,000 units outstanding. What is the NAV per unit?
Show solution
Net assets = $5,200,000 − $200,000 = $5,000,000. NAV per unit = $5,000,000 ÷ 250,000 = $20.00 per unit.
2. Holding-period return
An investor buys units at $18.50, sells at $20.00, and receives $0.40 per unit in distributions. What is the simple holding-period return?
Show solution
(Ending value − beginning value + distributions) ÷ beginning value = ($20.00 − $18.50 + $0.40) ÷ $18.50 = 10.27%, approximately.
3. Weighted portfolio return
A portfolio is 70% equities and 30% bonds. Equities fall 8% and bonds rise 3%. Ignoring fees and rebalancing, what is the return?
Show solution
(0.70 × −8%) + (0.30 × 3%) = −5.6% + 0.9% = −4.7%.
What this kit is — and isn't
It is a free, independently created revision activity. It is not an official exam, a certification, a passing-score guarantee or a substitute for your required course materials. For current exam rules, use the Canadian Securities Institute's IFC exam and credits page.
Want to explore additional structured practice after the free diagnostic? Review IFICprep's optional paid course. The free test remains free.