Updated for 2025 Exam

Ready for the
CAIA Charter?

Complete Prep Bundle for Levels I & II

Let's get you started.

Master 4,000+ practice questions, unlimited mock exams, and exclusive cheat sheets. Everything you need to pass both CAIA levels — hedge funds, private equity, real assets, and advanced portfolio management — on your first attempt.

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4,000+ Questions

Mock Exams

Free Cheat Sheets

400+ Hours of Study

CAIA Association

Chartered
Alternative Investment

CAIA Level I covers the foundations of alternative investments — the first step toward your CAIA designation and mastery of alternative asset classes.

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Format

200 MCQs — computer-based

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Duration

4 hours

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Study Time

200–400 hours recommended

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Coverage

Professional Standards & Ethics + 4 core topics

Question Bank

Professional Standards & Ethics

Level I

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Mock Paper Simulation

Professional Standards & Ethics

Level I

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🔒 Mock Paper Simulation

Full exam simulation with time limits

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Unlock Full Simulation

Get the complete CAIA Level I Prep Suite — 3,000+ practice questions, full-length mock exams, and comprehensive performance tracking.

Unlock All Features

Get access to 3000+ practice questions and all exam modes

What you'll get with Simulation Mode:

✓ Real exam format with time limits

✓ Comprehensive performance analysis

✓ Track your progress over time

✓ Build exam-day confidence

Trusted By Professionals From

Everything You Need to Earn Your CAIA

Built specifically for CAIA candidates. Covers both levels — alternative investments, portfolio management, and beyond.

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Extensive Question Bank

Over 3,000 MCQs and constructed response questions per level with detailed explanations. Covers the full CAIA syllabus across both Level I and Level II.

3,000+ Questions Instant Feedback Both Levels

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Simulated Mock Exams

Full-length timed exams matching the real CAIA format — 200 MCQs for Level I, and 100 MCQs plus 3 essay sets for Level II. Unlimited attempts allowed.

Timed Sessions Auto Grading Real Format

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Concise Cheat Sheets

Exclusive cheat sheets distilled from 400+ hours of curriculum. Covers every topic across both levels — critical formulas, definitions, and key points for last-minute revision.

Cheat Sheets All Topics Exam-Ready

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Both CAIA Levels Covered

From alternative investment fundamentals at Level I — hedge funds, private equity, real assets — to advanced portfolio management and risk at Level II. One platform, full journey.

Level I Level II 400+ Study Hours

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Full Syllabus Coverage

Comprehensive prep across all CAIA topic areas — Ethics, Real Assets, Hedge Funds, Structured Products, Asset Allocation, Risk Management, and Portfolio Management.

Hedge Funds Private Equity Real Assets

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Affordable Access

Prep courses from USD 269 per level. One-time enrolment fee of USD 420. A fraction of the exam fee — built to give every CAIA candidate a fair shot at passing.

From USD 269 3 Plan Tiers All-in-One

How It Works

Everything you need to pass the CAIA exam — built into two powerful study modes.

Study Mode

Instant feedback & explanations

Learn as you practice. Our CAIA Question Bank gives you immediate correct/wrong feedback for each question, along with clear, detailed explanations that cement your understanding of the actual "why" behind every answer — covering hedge funds, private equity, real assets, and structured products.

3,000+ CAIA-aligned practice questions per level
Immediate feedback that accelerates learning
Concise explanations for every question
Covers full syllabus across Level I and Level II

Exam Mode

Realistic exam simulation

Practice under authentic CAIA exam conditions. Our Mock Paper Exam mirrors the official format — 200 MCQs for Level I, and 100 MCQs plus 3 constructed response (essay) sets for Level II — with results revealed only at the end, so you know exactly where you stand before exam day.

Matches official CAIA timing and structure
Answers revealed only after full submission
Unlimited attempts to perfect your strategy
Builds confidence before the actual exam

Don't Just Practice. Prepare the Smart Way.

See how RealisedGains gives you an unfair advantage over traditional CAIA study methods.

Feature	RealisedGains	Traditional Prep (Books & PDFs)
Question Bank Coverage	3,000+ questions per level	Limited end-of-chapter only
Instant Answer Feedback	Clear explanations for every question	Flip to the back of the book
Mock Exam Format	Matches official CAIA structure	Generic timed exercises only
Syllabus Accuracy	Updated to latest CAIA curriculum	Static, often outdated content
Cheat Sheets & Study Notes	Free for every level	Not included — buy separately
Performance Tracking	Tracks accuracy by topic area	No memory of past performance
Both CAIA Levels	Levels I & II covered	Separate books per level
Accessibility	Practice anytime, any device	Clunky PDFs or heavy books
Price	From USD 269 per level	USD 1,043–1,463 in exam fees alone

⚖️ CAIA Program Breakdown

What's Changed in Each Level?

A side-by-side comparison of the old (2016) vs. new (2026) CAIA curriculum — covering topic changes, structural shifts, and new additions.

Area	2016 (Old)	2026 (New)	Impact
🔄 Ethics Framework	CFA Institute Standards	CAIA Ethical Principles	Replaced
➕ Digital Assets	N/A	Crypto & Blockchain	New Topic
🔄 Commodities	Standalone Topic 5	Merged into Real Assets	Relocated
🔄 Private Equity	Traditional VC/Buyout	Growth Equity Focus	Changed
➕ Private Debt	Sub-topic of PE	Standalone Topic 5	New Topic
📉 Ethics Weight	15% – 25%	Reduced to 10%	Shifted

Area	2016 (Old)	2026 (New)	Impact
🔄 Ethics Framework	CFA Standards	CAIA Ethical Principles	Replaced
➕ Digital Assets	N/A	DeFi & Web 3.0	New Topic
🔄 Topic 1	CFA Ethics	CAIA Ethical Principles	Renumbered
🔄 Curriculum Focus	Asset "Silos"	Functional Approach	Major Shift
➕ Asset Allocation	No Rebalancing	Rebalancing Reading (3.4)	Expanded

CAIA Charter Prep Bundle (Levels I & II)

Pass faster with complete CAIA prep — 4000+ questions, mock exams, and cheat sheets included.

Self-Study + Applied Analysis

$369 USD

CAIA Level I & II Full Coverage
4000+ Question Bank with Explanations
Simulated Mock Exams (Unlimited Attempts)
Cheat Sheets for Every Paper
Instructor Comments
Applied Analysis
Reading Videos
Lecture PDF Notes
Hedge Funds & Private Equity Focus
Portfolio Management & Risk Topics
App Access

Self-Study

$269 USD

CAIA Level I & II Study Materials
4000+ Question Bank
Simulated Mock Exams
Cheat Sheets (All Papers)
Reading Videos
Lecture PDF Notes
Alternative Investments Coverage
Ethics & Professional Standards
Real Assets & Structured Products
App Access

About the CAIA Bundle

Includes both CAIA Level I and Level II. Estimated 400+ study hours. Covers hedge funds, private equity, real assets, structured products, portfolio management, and advanced asset allocation.

Frequently Asked Questions

How is RealisedGains different from just buying mock exam books or PDFs?

Books and PDFs give you static content. RealisedGains gives you a dynamic, intelligent prep experience. Here's what sets us apart:

Two practice modes: use the Full Question Bank to learn at your own pace with detailed explanations after every question, or switch to the Timed Mock Exam to simulate the real exam under official time limits.
Free Cheat Sheet for every paper — a distilled summary of the entire syllabus for fast, last-minute revision.
Practice by chapter so you can focus precisely on your weak spots rather than grinding through everything again.

Our platform is built around how financial candidates actually learn — not just what questions to memorise.

Is the content on RealisedGains updated for the latest 2026 syllabus changes?

Yes — this is our core promise. All question banks and study materials are continuously managed and updated by active financial professionals to reflect the current official syllabus. You'll never be studying from an outdated curriculum.

Who creates the questions in the question bank?

Every question is created and verified by industry veterans and practicing financial professionals. We focus on replicating the style, difficulty, and phrasing of actual exam questions — so on exam day, nothing feels unfamiliar.

Can I use RealisedGains on my mobile phone or tablet?

Yes. Our platform is fully web-based and responsive — it works seamlessly on any device, whether desktop, tablet, or mobile. Practice anytime, anywhere, as long as you have an internet connection.

What's the difference between "Mock Exam" and "Question Bank"?

Both tools are included in every course, but they serve different purposes:

Full Question Bank — a paced quiz mode covering every question we have for your paper. You receive instant feedback and detailed explanations after each answer. Ideal for building knowledge and understanding concepts chapter by chapter.
Timed Mock Exam — simulates the real exam with official time limits, question counts, and passing marks. Results and explanations are shown only at the end. Unlimited attempts so you can sharpen your exam strategy.

Use the Question Bank to learn; use the Mock Exam to confirm you're ready.

How can I get an extension for my licensing paper?

We can extend your access by 2 months in exchange for a Google Review.

How should I use this course? Which questions should I start with?

Start with the question bank, focusing on the most relevant and latest exam-style questions, which are placed at the front.

Progress through the questions to build your understanding and identify weak areas.

Once you are comfortable, move on to the timed mock exams, which simulate real exam conditions using a randomized selection of questions from the full question bank.

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