I cleared L1 exam in December and right now preparing for L2 exam in June.
I am just one month into study and I haven’t covered a lot but so far I know one thing.
It helps big if your L1 Equity and FRA concepts are good.
I haven’t gotten to portfolio management, derivatives, Econ and other topics so not sure about them but I will comment once I get there.
For now, I am glad I understood above concepts well in L1!! You will eventually get to L2 and these will help. But not only that, it will also help pass L1.