ncfm useful for mba/pgdba/bcom/bbm/mcom/all finance people

The NCFM Programme

Taking into account international experience and the needs of the Indian financial markets, National Stock Exchange introduced in 1998 a facility for testing and certification by launching NSE's Certification in Financial Markets (NCFM).

NCFM is an online testing and certification programme. It tests the practical knowledge and skills required to operate in the financial markets. Tests are conducted in a secure and unbiased manner and certificates awarded based on merit of the candidate to qualify the on-line test. 

The entire process of testing, assessing and scores reporting in the NCFM is fully automated. The system is operated through an intranet facility by using a central World Wide Web server with terminals located at each of the designated test centres to be used as an examination front end. Communication between the central server and the test centres is achieved through VSAT/leased line network. 

The Test is also offered through the Internet to enable candidates outside the designated test centres to take tests at their convenience. This allows flexibility in terms of testing centres, dates and timing and provides easy accessibility and convenience to candidates. 

The easy accessibility as well as flexibility involved in the NCFM programme has resulted in its wider acceptance among market intermediaries, students and regulators. 

NCFM currently tests expertise in the following modules.

Why NCFM?

The financial markets are going to be the turf of certified professionals very soon due to regulatory compulsions and/or initiatives of the industry. By imparting comprehensive knowledge and skill in the chosen field, NCFM enhances career opportunities for NCFM certified persons.

Some of these modules have regulatory sanctity. For example,

• It has been specified by SEBI that all brokers/dealers and sales persons in the derivatives market have to mandatorily obtain certification. Derivatives Market (Dealers) Module of the NCFM has been recognised by SEBI for the purpose.



• In order to improve the level of knowledge of market participants, only persons who have passed Capital Market (Dealers) Module of the NCFM are authorised to use the trading system of the National Stock Exchange.



• The National Securities Depository Limited has similarly prescribed that all the branches of the depository participants must have at least one person who has qualified the NCFM module on Depository Operations.



• SEBI recommends Surveillance Module for the officers working in surveillance departments of stock exchanges.



• SEBI has made it mandatory for all mutual funds to appoint agents/distributors who have obtained certification in AMFI - Mutual Funds Modules. The existing and new employees of mutual funds, particularly those who are involved in sales and marketing, are encouraged to pass the certification in AMFI - Mutual Funds Modules.

NCFM Modules

NCFM currently tests expertise in the following modules:

1. Financial Markets: A Beginners' Module
2. Securities Market (Basic) Module
3. Capital Market (Dealers) Module
4. Derivatives Market (Dealers) Module
5. FIMMDA-NSE Debt Market (Basic) Module
6. NSDL - Depository Operations Module
7. Commodities Market Module
8. AMFI - Mutual Fund (Basic) Module
9. AMFI - Mutual Fund (Advisors) Module
10. Surveillance in Stock Exchanges Module
11. Corporate Governance Module
12. Compliance Officers (Brokers) Module
13. Compliance Officers (Corporates) Module
14. Information Security Auditors Module (Part-1)
    Information Security Auditors Module (Part-2)
15. Modules of Financial Planning Standards Board India (Certified Financial Planner certification)
16. Investment Banking Analyst Module
17. FEDAI-NSE Currency Futures (Basic) Module

Test Details

Sr. No.	Name of Module	Fees (Rs.)	Test Duration (in minutes)	No. of Questions	Maximum Marks	Pass Marks (%)	Certificate Validity  (in years)
1	Financial Markets: A Beginners’ Module	750	60	50	100	50	5
2	Securities Market (Basic) Module	1500	105	60	100	60	5
3	Capital Market (Dealers) Module	1500	105	60	100	50	5
4	Derivatives Market (Dealers) Module *	1500	120	60	100	60	3
5	FIMMDA-NSE Debt Market (Basic) Module	1500	120	60	100	60	5
6	NSDL–Depository Operations Module	1500	75	60	100	60 #	5
7	Commodities Market Module	1800	120	60	100	50	3
8	AMFI-Mutual Fund (Basic) Module	1000	90	62	100	50	No limit
9	AMFI-Mutual Fund (Advisors) Module	1000	120	72	100	50	5
10	Surveillance in Stock Exchanges Module	1500	120	50	100	60	5
11	Corporate Governance Module	1500	90	100	100	60	5
12	Compliance Officers (Brokers) Module	1500	120	60	100	60	5
13	Compliance Officers (Corporates) Module	1500	120	60	100	60	5
14	Information Security Auditors Module (Part-1)	2250	120	90	100	60	2
	Information Security Auditors Module (Part-2)	2250	120	90	100	60
15	FPSB India Exam 1 to 4**	1500 per exam	120	75	140	60	NA
16	FEDAI-NSE Currency Futures (Basic) Module	1500	120	60	100	60	5

* Candidates have the option to take the test in English, Gujarati or Hindi language. The workbook for the module will however be available in ENGLISH ONLY.

# Candidates securing 80% or more marks in NSDL-Depository Operations Module ONLY will be certified as ‘Trainers’.

** Modules of Financial Planning Standards Board India (Certified Financial Planner Certification) i.e. (i) Risk Management & Insurance Planning (ii) Retirement Planning & Employee Benefits (iii) Investment Planning and (iv) Tax Planning & Estate Planning.

The curriculum for each of the module (except FPSB India Exam 1 to 4) is available on our website: www.nseindia.com > NCFM > Curriculum & Study Material.

Test at NSE Centres

Sr.No.	Test Centre	Contact Numbers
1	National Stock Exchange of India Ltd. "Exchange Plaza",  Bandra Kurla Complex,  Bandra (East),  Mumbai-400051 Change of Address w.e.f May 2, 2008	Tel : 022 - 26598172 022 - 26598216 / 8252 022 - 26598100 - 114 Fax : 022 – 26598393 Email : ncfm@nse.co.in
2	National Stock Exchange of India Ltd. 4th Floor,  Jeevan Vihar Building Parliament Street New Delhi-110001	Tel : 011-23344313-27 Fax : 011-23366658 Email : ncfm_delhi@nse.co.in
3	National Stock Exchange of India Ltd. 1st Floor, Park View Apartments 99, Rash Behari Avenue Kolkata – 700 029	Tel : (033) 24631802-1805,  24631809-1812 (Board Nos) Fax. (033) 24631791, 24631806 Email : ncfm_kolkata@nse.co.in
4	National Stock Exchange of India Ltd. 2nd Floor, Ispahani Centre, Door No 123-124, Nungambakkam High Road, Nungambakkam Chennai - 600 034	Tel No :  (044) 28332500/01 Fax No : (044) 28332521 Email : ncfm_chennai@nse.co.in
5	National Stock Exchange of India Ltd. H No.3-6-322 Mahavir House, IInd Floor Chamber no.203 & 204 Basheerbagh Hyderabad : 500029	Tel : 040-23227084/5 Fax : 040-23227086 Email : ncfm_hyderabad@nse.co.in
6	National Stock Exchange of India Ltd. 406 Sakar II Near Ellis Bridge Ahmedabad – 380 006	Tel : 079-26580212 - 13 Fax : 079-26576123 Email :ncfm_ahmedabad@nse.co.in
7	Any other place (depending on demand)

Note :
for more details please refar:

http://www.nse-india.com