enquiry about the ncfm exams

Test Details

Salient Points of the NSDL - Depository Operations Module :

Candidates securing 80 % or more marks are awarded Certified Trainer certificate.
 

One-fourth mark will be deducted for incorrect answer.

Eligibility

There are no restrictions of age or qualifications for registration to the NCFM programme or for taking the NSDL-Depository Operations Module examination. Computer literacy will be beneficial while answering the test as the test is completely computerised, using a highly user-friendly web based application.

Test Fees

 

Once you are registered in the NCFM programme, you can take as many modules and number of attempts as desired by paying the Enrollment Fees for every attempt.

Payment can be made through the OFFLINE mode by means of Demand Draft only. The Demand Draft should be in favour of 'National Stock Exchange of India Limited', payable at the respective test centre.

Candidates can also avail of the ONLINE mode of payment wherein payment can be made by credit card / netbanking / cash payment in designated ICICI branches. Fees once paid shall not be refunded.

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 Procedures

On-line Registration

Off-line Registration (manual)

FAQ

Who can join NCFM?
No formal educational background is necessary for registration to the NCFM programme. Nor is there an age requirement. However, candidates are expected to be numerate and comfortable with written English.


How to join NCFM?
One can join NCFM by registering himself for the programme by filling up part-I of the prescribed registration form. The candidate may enroll for the chosen module by filling up part-II of the said form. The details regarding the test center, date and time of test are informed to the candidate.


Is there any deadline for taking the test?
Yes. Test fees are valid for six months from the date of payment. Candidates need to enroll for the test(s) within six months from payment of fees.


Is it necessary to take test of all modules of the NCFM?
No. A candidate can seek testing and certification in any module of his choice.


When and where to take the test?
The test is conducted everyday on week days (except on Exchange specified holidays) at all six NSEIL offices viz., Mumbai, New Delhi, Kolkata, Chennai, Hyderabad and Ahmedabad. Such tests are also offered from any other location in India, if there is adequate demand for the same.


How to prepare for the test?
On submission of the prescribed form along with the test fees, the candidate is supplied with study material for all modules EXCEPT for AMFI-Mutual Fund Modules, Corporate Governance Module, Compliance Officers Modules, Risk Analysis & Insurance Planning Module, Retirement Planning & Employee Benefits Module, Investment Planning Module and Tax Planning & Estate Planning Module. The study material for Mutual Funds Modules is available at: Association of Mutual Funds in India, 706-708, Balarama, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051. Telephone Nos.:  26590206 / 26590243 / 26590246 / 26590382, Fax Nos. :26590209 /26590235.

NCDEX distributes the training material of Commodities Market Module free of cost only to their active members and to others at a cost of Rs.500/- plus courier charges. Kindly contact NCDEX office for this training material at NCDEX, Exchange Plaza, Bandra-Kurla Complex, Bandra (E), Mumbai - 400051. Tele.No.:(022)56406789, Fax : (022)56406899. No study material will be provided for Compliance Officers Modules. The candidates are required to refer to the relevant books, circulars, manuals etc., as per the given curriculum, on their own.


Can I postpone the Test?
Once a test date and time slot have been allotted, the test can not be rescheduled. You may seek fresh enrollment.


How to take the test?
On arrival at the designated test centre on the specified day, the test administrator verifies identity of the candidate and grants him access to the test terminal. In case of online enrollment, candidates are required to bring hall ticket with their photograph duly affixed on it alongwith photo id proof (as mentioned on the hall ticket) which is verified by the test administrator before allowing the candidate to take the test.


Taking the test on the NCFM’s automated testing system is very simple. The candidate is provided a practice test to familiarise himself before the actual test. On punching the registration number, the system generates a completely new and unique question paper consisting of questions selected randomly from a vast question bank. The system ensures that although the candidates get different questions in a question paper, the same level of difficulty is maintained for each of them. The questions are followed by four probable answers. The correct alternative needs to be indicated by click of the mouse. The time remaining to complete the paper is constantly displayed on the top right-hand corner. Once the candidate completes answering the question paper, he submits the same for evaluation. The answers are evaluated immediately and the marks are provided to him on the spot by the computer. There is, however, a system of negative marking for incorrect answers. The negative marking is applicable to all modules, except Financial Markets: A Beginner’s Module, Mutual Funds: A Beginner’s Module, Currency Derivatives: A Beginner’s Module, Equity Derivatives: A Beginner’s Module, Risk Analysis & Insurance Planning Module, Retirement Planning & Employee Benefits Module, Investment Planning Module, Tax Planning And Estate Planning Module and Examination 5.

The method of answering questions is shown here with an example:

Q: NSE was incorporated in

a. June, 1994
b. November, 1992
c. April, 1993
d. December, 1993

If you think that alternative 'b' is the correct answer to this question, then click the mouse in the circle provided against the alternative ‘b’ in order to highlight it. You can edit your answer by clicking on any other alternative.

Model tests are also available on the NSE website. In order to familarise yourself about the pattern of the question paper, you may attempt model test papers of Derivatives Market (Dealers) Module, NSDL-Depository Operations Module, Capital Market (Dealers) Module, Securities Market (Basic) Module, Commodities Market Module, FIMMDA-NSE Debt Market (Basic) Module, Compliance Officers (Brokers) Module, Compliance Officers (Corporates) Module and Surveillance in Stock Exchanges Module.


When do I get my result?
Marks are provided to the candidate immediately on submission of the answer paper. A certificate is mailed to the successful candidates within 15 to 20 days from the test date. However, in case of Risk Analysis & Insurance Planning Module, Retirement Planning & Employee Benefits Module, Investment Planning Module and Tax Planning & Estate Planning Module, a certificate is mailed within 30 to 40 days from the test date.


Can I get any assistance during the test?
The candidate can bring only a scientific calculator and a pen to the examination hall and nothing else. No assistance is available during the test. Rough sheets are provided to the candidate for carrying out their workings. A backup sheet is provided to the candidate to list out the answers selected by him. The candidate is required to return the rough sheets and the backup sheet to the invigilator before leaving the test room. A candidate found using any unfair means (including use of mobile telephone) or in possession of any incriminating material during the test will be expelled from the examination hall and his test would be cancelled. The decision of the invigilator in this regard shall be final.


How long is the Certification valid?
The certificate remains valid for 5 years from the date of the test for all modules EXCEPT Derivatives Market (Dealers) Module, Commodities Market Module, Information Security Auditors Module, AMFI-Mutual Fund (Basic) Module, Risk Analysis & Insurance Planning Module, Retirement Planning & Employee Benefits Module, Investment Planning Module and Tax Planning & Estate Planning Module.

In case of AMFI-Mutual Fund (Basic) Module the certificate remains valid for life-time. In case of Information Security Auditors Module the certificate remains valid for 2 years. In case of Commodities Market Module and Derivatives Market (Dealers) Module the certificate remains valid for 3 years. In case of Derivatives Market (Dealers) Module, the certificate can be extended to 5 years by undergoing a prescribed and approved refresher course. This ensures that the candidate continuously updates his knowledge and skill. The course contents are revised frequently in tune with changes in the environment ensuring that the candidates passing out are equipped with the latest skills required in the industry.


Can I cancel my scores?
You cannot have your scores cancelled. You may reappear for the same test to improve your scores by seeking fresh enrollment in the same module. In case of Information Security Auditors Module a certificate is issued only when candidate clears Part-1 and Part-2. In case, candidate wants to improve score in the said module, he has to clear again both Part - 1 and Part - 2 in order to obtain certificate with the revised scores.


How much to pay?
A candidate is required to pay a one-time fee of Rs. 200/- (currently exempted) at the time of registration.

Here's a quick recap of the fees:

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

# Revision in test fees and test parameters with effect from April 01, 2010. Please refer to circular NSE/NCFM/13815 dated January 01, 2010 for details.
 

If desired by the candidate, test scores are reported for the first time free of cost to the desired person. Every subsequent score reporting requires payment of Rs. 50/-Duplicate certificate is issued at a fee of Rs. 200/-.

Payment can be made through the OFFLINE mode by means of Demand Draft only. The Demand Draft should be in favour of 'National Stock Exchange of India Limited’, payable at the nearest NSE office. Candidates can also avail of the ONLINE mode of payment wherein payment can be made by credit card / debit card / netbanking / cash payment in designated ICICI branches. Fees once paid shall not be refunded.Payment for Risk Analysis & Insurance Planning Module, Retirement Planning & Employee Benefits Module, Investment Planning Module and Tax Planning & Estate Planning Module should be made by the ONLINE mode of payment only.

Who should I address my queries?
For all enquiries/help regarding the NCFM programme, kindly contact the test administrator at the nearest test centre. Additional information on the NCFM programme can also be obtained at NSE's web-site: nseindia.com or by sending an email at ncfm @ nse.co.in

Candidates who wish to, may courier their forms to The NCFM Dept. at the following addresses depending on their choice of test center :

Test Centres :



INFORMATION

1. Registration fee is currently exempted. You are required to pay only enrollment fees. Please refer to the above table for module fees.

2. Payment can be made through the OFFLINE mode by means of Demand Draft only. The Demand Draft should be in favour of 'National Stock Exchange of India Limited’, payable at the nearest NSE office. Candidates can also avail of the ONLINE mode of payment wherein payment can be made by credit card / debit card / netbanking / cash payment in designated ICICI branches.
3. Payment for Risk Analysis & Insurance Planning Module, Retirement Planning & Employee Benefits Module, Investment Planning Module and Tax Planning & Estate Planning Module should be made by the ONLINE mode of payment only.

4. Please mention the correct name of the module at the time of enrolling for the test.

5. The test date and time will be allotted on 'first come first serve basis'.

6. It is not mandatory to mention test details at the time of registration. You may also inform us the test date and time later by written communication by fax or email. While stating the test details, the candidate has to mention his entire name, date of birth, name of the module, test centre, test date,test time and contact telephone nos..

7. Test fees are valid for six months from the date of payment. Candidates need to enroll for the test(s) within six months from payment of fees.
8. The candidate should bring a pen and scientific calculator for the test. 'Microsoft Excel' will be made available on PC only for test of FIMMDA-NSE Debt Market (Basic) Module, Risk Analysis & Insurance Planning Module, Retirement Planning & Employee Benefits Module, Investment Planning Module and Tax Planning & Estate Planning Module. The candidate should reach the test centre on the test date 15 minutes prior to the scheduled test time.

9. It may please be noted that NSE would not be responsible for safeguarding any identity proof brought for the purpose of verification or personal belongings and valuables such as mobile phones, books, laptops brought by the candidates in the premises while appearing for the NCFM test. The candidates are advised not to bring valuables and any other personal belongings of high value while coming for the tests and if they do bring it, it will be at their own risk and NSE will not be responsible in case the item is lost or a theft occurs of such items which are brought to the test centre.

10. Please note that, as per company’s policy, once the test date and time has been allotted, the test cannot be rescheduled under any circumstances. In case you wish to take the test again, you may seek fresh enrollment by submitting registration form and test fees.

11. The study material (except AMFI-Mutual Fund Modules, Corporate Governance Module, Compliance Officers Modules, Risk Analysis & Insurance Planning Module, Retirement Planning & Employee Benefits Module, Investment Planning Module and Tax Planning & Estate Planning Module), will be sent to you by courier in case of test request sent to the Exchange by courier/post.
    
    Candidates who wish to, may courier their forms (EXCEPT for Risk Analysis & Insurance Planning Module, Retirement Planning & Employee Benefits Module, Investment Planning Module and Tax Planning & Estate Planning Module) to The NCFM Dept. at the following addresses depending on their choice of test center:
    
    Test Centres :
12. The study material for Mutual Funds modules is available at Association of Mutual Funds in India, 706-708, Balarama, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051. Telephone Nos.:  26590206 / 26590243 / 26590246 / 26590382, Fax Nos. :26590209 /26590235.
13. The study material for Corporate Governance module is available at:

1. ICSI-Centre for Corporate Research & Training
   Plot No. 101, Sector 15, Institutional Area, CBD Belapur,
   Navi Mumbai 400614
   Phone - 27577814 - 16, Extn. 406. Fax no. 27574384
   email ccrt @ icsi.edu, ccrt @ vsnl.com.

2. Western Indian Regional Council (WIRC) of the ICSI
   13 Jolly Makers Chambers - II, First Floor,
   Nariman Point, Mumbai 400021
   Phone 22047569, Contact person: Mr. Mani
   Fax No. 22850109
   email : wiro @ icsi.edu

14. No study material will be provided for Compliance Officers Modules. The candidates are required to refer to the relevant books, circulars, manuals etc., as per the given curriculum, on their own.
15. Please note that the NCFM test can be taken at NSEIL offices on any day except for Saturday, Sunday and Exchange specified holidays.

16.  In case of change in the mailing address (for NCFM registered candidates), please inform the NCFM department, either by fax / email / letter separately, clearly stating the candidate’s entire name, date of birth and/or registration number, Fax number:26598393,email:ncfm @ nse.co.in

17. A certificate is mailed to the successful candidates within 15 to 20 days from the test date. In case you do not receive the certificate within a month from the test date, please contact the NCFM department. Please note that certificate once despatched, will not be re-sent, you may arrange to get the same collected from us personally or authorising anyone along with authority letter.
    
    However, in case of Risk Analysis & Insurance Planning Module, Retirement Planning & Employee Benefits Module, Investment Planning Module and Tax Planning & Estate Planning Module, a certificate is mailed within 30 to 40 days from the test date. In case of certificates not received for the above mentioned modules, the candidate may contact FPSB India at Tel No. 022-61712424

thank u so much...... 

the certificate will be valid only for 5 years and after that do I need to renew it or give the examination again..

please help

NCFM Modules

NCFM currently tests expertise in the following modules. Click on the links below to get more details on the modules.

01. Financial Markets: A Beginner's Module

This is a basic level programme for those who wish to either begin a career in the financial markets in India or simply learn the fundamentals of capital markets. The course is structured to help understand the basic concepts relating to different avenues of investment, the primary and the secondary market, the derivatives market and financial statement analysis.       Why should one take this course?         To get a basic understanding of the products, players and functioning of financial markets, particularly the capital market. To understand the terms and jargons used in the financial newspapers and periodicals.       Who will benefit from this course?         Students Teachers Investors Employees of BPOs/IT Companies Employees of Brokers/Sub-Brokers Housewives Anybody having interest in the Indian securities market       Test details         Duration: 120 minutes No. of questions: 60 Maximum marks: 100, Passing marks: 50 (50%); There is no negative marking in this module. Certificate validity: For successful candidates, certificates are valid for 5 years from the test date.       Fees         Rs. 1,500/- (Rupees One Thousand Five Hundred Only).       Course outline                     Markets and Financial Instruments                 Types of Markets: Equity, Debt, Derivatives, Commodities; Meaning and features of private, public companies; Types of investment avenues.             Primary Market                 Initial Public Offer (IPO); Book Building through Online IPO; Eligibility to issue securities; Pricing of Issues; Fixed versus Book Building issues; Allotment of Shares; Basis of Allotment; Private Placement.             Secondary Market                 Role and functions of Securities and Exchange Board of India (SEBI); Depositories; Stock exchanges; Intermediaries in the Indian stock market; Listing; Membership; Trading; Clearing and settlement and risk management; Investor protection fund (IPF); and Do’s and Don’ts for investors, Equity and debt investment.             Derivatives                 Types of derivatives; Commodity and commodity exchanges; Commodity versus financial derivatives.             Financial Statement Analysis                 Balance sheet; Profit & loss account; Stock market related ratios; Simple analysis before investing in the shares; understanding annual report; Director’s report etc.       Study material         Financial Market Beginner's Module

02. Securities Market (Basic) Module

This module develops on the Financial Market Beginner’s Module. It discusses the issues relating to different areas of securities market in greater depth and detail than the Financial Market Beginner’s Module. In addition, the course helps understand the securities market structure, regulatory framework and the basics of corporate finance.       Why should one take this course?         To understand the various products, participants and the functions of the securities market. To understand the government securities market. To know the regulatory framework for the Indian securities market.       Who will benefit from this course?         Students Investors Employees of Broker and Sub-brokers Depository Particpants employees Employees of Mutual Funds Employees of Research Houses/Analysts/Researchers Employees of BPOs/IT Companies Anybody having interest in the Securities Market       Test details         Duartion: 105 minutes No. of questions: 60 Maximum marks: 100, Passing marks: 60 (60%). There is negative marking for incorrect answers. Certificate validity: For successful candidates certificates are valid for 5 years from the test date.       Fees         Rs. 1,500/- (Rupees One Thousand Five Hundred Only).       Course outline                     Securities Market in India - An Overview                 Securities market and financial system; Products, participants and functions; Primary market; Secondary market; Derivatives market; Regulators; Exchanges; Depositories; Clearing corporations; Regulatory framework; Reforms.             Primary Market                 Book building; Credit rating; Merchant banking; On-line IPOs; Demat issues; Private placement; Virtual debt portals; ADRs/GDRs; Other regulations; Public issues; Euro issues; Debt issues; Collective investment vehicles viz., MFs, VCFs, CISs.             Secondary Market                 Membership; Listing; Trading and settlement mechanism; Technology; Trading rules - Insider Trading; Unfair trade practices; Takeovers; Buy back; Turnover; Market capitalisation; Prices; Liquidity; Transaction costs; Risk management; Indices.             Government Securities Market                 Indian debt market; Primary market; Secondary market-NDS; NDS-OM; CCIL; Wholesale debt market (WDM) segment of NSE.             Derivatives Market                 Products, Participants and functions; Trading mechanism; Membership; Contract specification; Clearing & Settlement; Open interest; Implied interest rate; Implied volatility; Risk management; Debt derivatives.             Regulatory Framework                 Legislations; Rules and regulations; Accounting & taxation.             Mathematics and Statistics                 Measures of central tendency; Fundamental and technical analysis; Financial statement analysis.             Corporate Finance                 Cost of capital; Capital budgeting; Capital structure; Time value of money.       Study material         Securities Market (Basic) Module

03. Currency Derivatives: A Beginner’s Module

This module has been designed with a view to improve awareness about the ‘Currency Derivatives’ product, which has been made available for trading in the Indian securities market in 2009. The course content is structured to help a beginner understand what the product is, how it is traded and what uses it can be put to.       Why should one take this course?         To understand the fundamentals of the currency market. To understand the currency futures as a risk management tool. To learn about the trading platform of the currency derivatives segment of a stock exchange.       Who will benefit from this course?         Students Teachers Bankers Corporate Executives Employees of Export/Import Houses Analysts Employees of Brokers and Sub-brokers Anybody having interest in the Indian Securities Market       Test details         Duration: 60 minutes No. of questions: 50 Maximum marks: 100, Passing marks: 50 (50%); There is no negative marking in this module. Certificate validity: For successful candidates, certificates are valid for 5 years from the test date.       Fees         Rs. 750/- (Rupees Seven Hundred and Fifty Only).       Course outline                     Derivatives as a Risk Management Tool                 Concept of risk; Risk management; Types of traders in the derivatives markets             Currency Markets                 Exchange rate; Fixed and floating exchange rate regime; Factors affecting exchange rates; Concept of quotes; Tick-size; Spreads; Spot transaction and forward transaction             Currency Futures                 Forward contracts; Futures contracts; Pricing of futures contracts             Strategies using Currency Futures                 Hedging, speculation and arbitrage in currency futures             NSE’s Currency Derivatives Segment                 Product definition; Trading underlying versus trading futures; Uses of currency futures at NSE             Trading, Clearing, Settlement and Risk Management                 Membership; Future contract specifications; Trading system; The trader workstation; Basis of trading; Client-Broker relationship in derivatives segment; Clearing entities; Position limits; Margins; Settlement of contracts       Study material         Currency Derivatives: A Beginner's Module

04. Mutual Funds: A Beginner's Module

Mutual funds have become a much sought after investment product in recent years. This course demystifies the concept of mutual funds and helps create awareness and knowledge about the industry and its functioning.       Why should one take this course?         To understand the concept of mutual funds. To know about the roles of different players viz., custodians, asset management companies, sponsor etc. in the mutual fund industry. To learn about the tax and regulatory issues related to mutual funds. To understand the fundamentals of net asset value (NAV) computation and various investment plans.       Who will benefit from this course?         Students Investors Financial planners Analysts Equity researchers Anybody having interest in the Indian mutual fund industry       Test details         Duration: 120 minutes No. of questions: 60 Maximum marks: 100, Passing marks: 50 (50%); There is no negative marking in this module. Certificate validity: For successful candidates, certificates are valid for 5 years from the test date.       Fees         Rs. 1,500/- (Rupees One Thousand Five Hundred Only).       Course outline                     Mutual Funds                 Concept and structure of mutual funds in India; Role of custodian; Registrar and transfer agent; AMC; New fund offer’s & procedure for investing in NFO; Investors rights and obligations.             Mutual Fund Products and Features                 Concept of open ended and close ended fund; Types of funds - equity, index, diversified large cap funds, midcap fund, sector fund and other equity schemes; Concept of entry and exit load; Expense ratio; Portfolio turnover; AUM; Analysis of cash level in portfolio.             Gold ETFs                 Introduction to exchange traded funds; Market making by authorized participants; creation units; Portfolio deposit and cash component             Debt Funds                 Salient features of debt fund; Concept of interest rate and credit risk; Pricing of debt instrument.             Liquid Funds                 Salient features of liquid funds; Floating rate scheme and portfolio churning in liquid funds.             Taxation                 Taxation of capital gains; Indexation benefit and FMP.             Regulations                 Role and objectives of AMFI; Different types of plans; Systematic Investment Plan (SIP); Systematic Transfer Plan (STP) and Systematic Withdrawal Plan (SWP); Dividend payout.       Study material         Mutual Funds: A Beginner's Module

05. Equity Derivatives: A Beginner's Module

This module has been prepared with a view to equip candidates with basic but essential information and concepts regarding the equity derivatives markets.       Why should one take this course?         To understand the concept of derivative. To learn the types of derivative products and their application. To learn about the the trading of derivatives on the stock exchanges.       Who will benefit from this course?         Students Teachers Employees of Brokers/Sub-brokers Individual Investors Employees of BPOs/IT companies Anybody having interest in the derivatives market       Test details         Duration: 60 minutes No. of questions: 50 Maximum marks: 100, Passing marks: 50 (50%); There is no negative marking in this module. Certificate validity: For successful candidates, certificates are valid for 5 years from the test date.       Fees         Rs. 750/- (Rupees Seven Hundred and Fifty only).       Course outline                     Introduction, Definition and Applications of Derivatives                 Definition and origin of derivatives; Definitions of forwards; futures; options; Moneyness of an option; Participants in the derivatives market and uses of derivatives.             Trading Futures and Options                 Pay-off of futures; Theoretical model for future pricing; Option payout and strategies; Determination of option prices.             Derivatives Trading on the Exchange                 Derivatives trading and settlement on NSE; Using daily newspapers to track futures and options; Accounting and taxation of derivatives.       Study material         Equity Derivatives: A Beginner's Module

06. Interest Rate Derivatives: A Beginner's Module

Interest rate risk management is becoming increasingly important not just for the financial sector, but for the household sectors as well. Interest rate derivative products are the primary instruments available to manage such risks. Interest Rate Derivatives: A Beginner's Module aims at creating a better understanding of the concepts underlying the money market and giving insights into the motives of and operations related to the trading of interest rate derivatives.       Why should one take this course?         To understand the concept of money market To understand the interest rate derivatives as a risk management tool       Who will benefit from this course?         Students Teachers Employees of Banks, Insurance Companies Primary Dealers Employees of Brokers/Sub-Brokers Anybody having interest in the Indian money market       Test details         Duration: 120 minutes No. of questions: 60 Maximum marks: 100, Passing marks: 50 (50%); There is no negative marking in this module. Certificate validity: For successful candidates, certificates are valid for 5 years from the test date.       Fees         Rs. 1,500/- (Rupees One Thousand Five Hundred Only).       Course outline                     Interest Rates and Time Value Of Money                 Introduction; Factors affecting the level of interest rate; Impact and classification of interest rate and Present value, Future value and Discount factor.             Money and Fixed Income Markets                 Money markets and Fixed income markets.             Government Bonds                 Introduction to and Characteristics of Bonds; Concept of yield; Relationship between bond price and interest rate; Repo and cost of funding and other bond terminology.             Interest Rate Derivatives                 OTC Derivatives; Exchange traded contracts and key terminology of futures market.             Interest Rate Futures (IRF) in India                 Interest rate futures; Rationale; Contract specifictaions; Settlement and Risk Management.             An Explanation of Key Concepts in IRF                 Why a notional bond is being used as underlying; Conversion factor; Invoice price; Cheapest to deliver bond; Bond basis.             Applications and Trading of Interest Rate Futures                 Participants in the IRF market; Hedging applications of interest rate derivatives; Speculation and Arbitrage strategy.       Study material         Interest Rate Derivatives: A Beginner's Module

07. Capital Market (Dealers) Module

This module discusses the operational aspects of the equity market, namely, trading, clearing and settlement. It also discusses the membership in stock exchanges. The growing popularity of this module has initiated NSE to make the tests available to candidates in other languages such as Gujarati and Hindi.       Why should one take this course?         To understand the capital market trading operations of NSE. To understand the clearing, settlement and risk management processes. To know about the eligibility criteria for seeking membership at NSE. To learn the other important regulatory aspects.       Who will benefit from this course?         Employees of Stock Brokers and Sub-Brokers Students Teachers Employees of BPO/IT Companies Investors Anybody having interest in the Stock market operations       Test details         Duration:105 minutes No. of questions: 60 Maximum marks: 100, Passing marks: 50 (50%); There is negative marking for incorrect answers. Certificate validity:For successful candidates, certificates are valid for 5 years from the test date.       Fees         Rs. 1,500/- (Rupees One Thousand Five Hundred only).       Course outline                     An Overview of the Indian Securities Market                 Introduction - Market segments, products and participants; Primary Market; Secondary Market; Derivatives Market; Market Design - Primary Market, Secondary Market, Derivatives Market; Reforms in securities market             Trading                 Concept of Trading System; Functionalities of NEAT system; Order management; Trade management; Auction; Limited physical market; Retail debt market (RDM); Internet broking and Wireless application Protocol (WAP).             Clearing and Settlement                 Clearing and settlement mechanism; Securities & Funds Settlement; Risk Containment Measures; International Securities Identification Number; Dematerialization and Electronic Transfer of Securities; Investor Protection Fund; Clearing Software-Data and Report Download.             Trading Membership                 Stock Brokers; Membership in NSE; Sub brokers; Authorised persons; Broker-client relations; Sub-broker-client relation; Dispute, arbitration and appeal; Code of advertisement for trading members.             Legal Framework                 Securities Contracts (Regulation) Act, 1956; Securities Contracts (Regulation) Rules, 1957; Securities and Exchange Board of India Act, 1992; SEBI (Intermediaries) Regulations, 2008; SEBI (Insider Trading) Regulations, 1992; SEBI (Prohibition of Fraudulent And Unfair Trade Practices Relating to Securities Markets) Regulations, 1995; The Depositories Act, 1996; Indian Contract Act, 1872; The Companies Act, 1956; and Income Tax Act, 1961, Money Laundering Act, 2002             Fundamental Valuation Concepts                 Elementary statistical concepts; Coefficient of variation; Covariance; Correlation coefficient; Normal distribution; Time value of money; Understanding financial statements.       Study material         Capital Markets (Dealers) Module

08. Derivatives Market (Dealers) Module

Derivatives are known to be among the most powerful financial instruments. The Indian equity derivatives market has seen tremendous growth since the year 2000 when equity derivatives were introduced in India. This module provides insights into different types of equity derivatives, their trading, clearing and settlement and the regulatory framework.       Why should one take this course?         To learn the basics of the derivatives market To understand the use of derivative products in speculating, hedging and arbitraging To learn the trading, clearing, settlement and risk management in equity derivatives To learn the regulatory, accounting and taxation issues relating to equity derivatives.       Who will benefit from this course?         Students Stock Brokers and Sub-Brokers dealing in derivatives Custodians and Employees of Mutual funds Individual investors as well as High Networth Individuals (HNIs) Portfolio Managers Financial Institutions Anybody having interest in the Stock market operations       Test details         Duration: 120 minutes No. of questions: 60 Maximum marks: 100, Passing marks: 60 (60%); There is negative marking for incorrect answers. Certificate validity: For successful candidates, certificates are valid for 3 years from the test date.       Fees         Rs. 1,500/- (Rupees One Thousand Five Hundred Only)       Course outline                     Introduction to derivatives                 Concept of derivatives; Types of products, Participants and functions; Difference between Exchange-traded vs. OTC derivatives markets.             Market Index                 Concept of Index; Index construction; Desirable attributes of an Index and types of Indices; Application of Index.             Introduction & Application of futures and options                 Basics of Forward, Futures and Options Markets; Payoff for futures and options contracts; Difference between trading securities and trading futures on individual securities; Strategies of hedging, speculation and arbitrage in Futures and Options.             Trading                 Trading system of Futures and options; Entities in the trading system; Functionalities of the NEAT System; Transaction Charges.             Clearing and settlement                 Clearing entities; Clearing and Settlement Mechanism; Risk Management and Margining System.             Regulatory framework                 Securities Contracts (Regulation) Act, 1956; Securities and Exchange Board of India Act, 1992; Regulation for derivatives trading; Accounting and Taxation issues.       Study material         Derivatives Markets (Dealers) Module - English Derivatives Markets (Dealers) Module - Gujarati Derivatives Markets (Dealers) Module - Hindi

09. FIMMDA-NSE Debt Market (Basic) Module

This module explains in simple terms the basic concepts of different types of debt instruments (G-secs, T-bills, CPs, Bonds and CDs) and provides useful insights into the Indian debt market, its various components, the trading mechanism of debt instruments in stock exchanges, bond valuation and so on.       Why should one take this course?         To understand the fundamental features of debt instruments. To understand the trading of the debt instruments on the NSE-WDM Segment. To know the regulatory and procedural aspects related to debt market. To learn the concepts of bond valuation, yield curve, bootstrapping and duration.       Who will benefit from this course?         Students Teachers Debt Market Dealers Employees of BPO/IT Companies Anybody having interest in the Fixed Income Market       Test details         Duration: 120 minutes No. of questions: 60 Maximum marks: 100, Passing marks: 60 (60%); There is negative marking for incorrect answers. Certificate validity: For successful candidates, certificates are valid for 5 years from the test date.       Fees         Rs. 1,500/- (Rupees One Thousand Five Hundred Only).       Curriculum                     Debt Instruments                 Basic concepts of debt instruments             Indian Debt Markets                 Different types of products and participants; Secondary market for debt instruments             Central Government Securities: Bonds                 Primary issuance process; Participants in Government bond markets; Constituent SGL accounts; Concept of Primary dealers, Satellite dealers; Secondary markets for Government bonds; Settlement of trades in G-Secs; Clearing corporation; Negotiated Dealing System; Liquidity Adjustment Facility (LAF).             Central Government Securities: Treasury Bills                 Issuance process; Cut-Off yields; Investors in T-Bills; Secondary market activity in T-bills.             State Government Bonds                 Gross fiscal deficit of state Governments and its financing; Volume, Coupon rates and ownership pattern of State Government bonds.             Call Money Markets                 Participants in the call markets; Call rates             Corporate Debt: Bonds                 Market segments; Issue process; Issue management and Book building; Terms of a debenture issue; Credit rating.             Commercial Paper & Certificate of Deposits                 Guidelines for CP Issue; Rating notches for CPs; Growth in the CP market; Stamp duty; Certificates of deposit.             Repos                 Repo rate; Calculating settlement amounts in Repo transactions; Advantages of Repos; Recent issues in repo market in India; Secondary market transactions in Repos; Repo accounting.             Bond Market Indices and Benchmarks                 I-Bex: Sovereign bond index; NSE-MIBID/MIBOR             Trading Mechanism in the NSE-WDM                 Descripttion of the NSE WDM trading system; Order types and conditions; Order entry in negotiated trades market; Order validation and matching; Trade management; Reports; Settlement; Rates of brokerage.             Regulatory and Procedural Aspects                 G-Sec Act 2006; SEBI (Issue and Listing of Debt Securities) Regulations 2008 and Market Practices and Procedures             Valuation of Bonds                 Bond valuation; Accrued interest; Yield; Weighted yield; YTM of a portfolio; Realized yield; Yield-price relationships of bonds             Yield Curve and Term Structure of Interest Rates                 Yield Curve; Bootstrapping; Alternate methodologies to estimate the yield curve; Theories of the term structure of interest rates             Duration                 Introduction and definition; Calculating duration of a coupon paying bond; Computing duration on dates other than coupon dates; Modified duration; Rupee duration; Price value of a basis point; Portfolio duration; Limitations of duration             Fixed Income Derivatives                 Concept of fixed income derivatives; Mechanism of forward rate agreements; Interest rate swaps       Study material         FIMMDA-NSE Debt Market (Basic) Module

10. Investment Analysis and Portfolio Management

Investment Analysis and Portfolio Management is a growing field in the area of finance. This module aims at creating a better understanding of the various concepts/principles related to investment analysis and portfolio management.       Why should one take this course?         To have a practical orientation towards the principles of investment, pricing and valuation To learn the various methodologies of financial analysis To understand the various investment products such as fixed income securities, equities, derivatives etc.       Who will benefit from this course?         Students of Management and Commerce Finance Professionals Employees with Treasury & Investment division of banks and financial institutions Anybody having interest in this subject       Test details         Duration: 120 minutes No. of questions: 60 Maximum marks: 100, Passing marks: 60 (60%); There is negative marking for incorrect answers. Certificate validity: For successful candidates, certificates are valid for 5 years from the test date.       Fees         Rs. 1,500/- (Rupees One Thousand Five Hundred Only).       Course outline                     Objectives of Investment Decisions                 Introduction; Types of Investors; Constraints; Goals of Investors.             Financial Markets                 Introduction, Primary and Secondary Markets; Trading in Secondary Markets; Money Market; Repos and Reverse Repos; Bond Market; Common Stocks.             Fixed Income Securities                 Introduction-Time Value of Money; Simple and Compound Interest Rates; Real and Nominal Interest Rates; Bond Pricing Fundamentals; Bond Yields; Interest Rates; Macaulay Duration and Modified Duration.             Capital Market Efficiency                 Introduction; Market Efficiency; Departures from the EMH.             Financial Analysis and Valuation                 Introduction; Analysis of Financial Statements; Financial Ratios (Return, Operating and Profitability Ratios); Valuation of Common Stocks; Technical Analysis.             Modern Portfolio theory                 Introduction; Diversification and Portfolio Risks; Equilibrium Models: The CAPM; Multifactor Models: The Arbitrage Pricing Theory             Valuation of Derivatives                 Introduction; Forwards and Futures; Call and Put Options; Forward and Futures Pricing; Option Pricing; Black- Scholes Formula             Investment Management                 Introduction; Investment Companies; Active vs. Passive Portfolio Management; Costs of Management – Entry/Exit Loads and Fees; Net Asset Value; Classification of Funds; Other Investment Companies; Performance Assessment of Managed Funds       Study material         Investment Analysis and Portfolio Management Module

11. Commodities Market Module

The aim of this module is to provide beginners as well as the dealers with both theoretical and applied knowledge pertaining to commodities trading. The module is beneficial for those who wish to pursue careers in brokerage firms dealing in commodity derivatives. This module has been developed jointly by NSE and NCDEX.       Why should one take this course?         To understand the difference between commodity and financial derivatives. To know the usage of commodity futures. To understand the pricing mechanism of commodity futures. To learn about the NCDEX trading platform, clearing and settlement operations. To know the regulatory framework and taxation aspects of the commodities market.       Who will benefit from this course?         Students Teachers Commodity Market Dealers Researchers Employees of BPO/IT Companies Anybody having interest in the Commodities Market       Test details         Duration: 120 minutes No. of questions: 60 Maximum marks: 100, Passing marks: 50 (50%); There is negative marking for incorrect answers. Certificate validity: For successful candidates, certificates are valid for 3 years from the test date.       Fees         Rs. 1,800/- (Rupees One Thousand Eight Hundred Only).       Course outline                     Introduction to Derivatives                 Introduction to Derivatives; types, Products, participants and functions; Exchange–traded versus OTC derivatives.             Application of Futures & Options                 Types of instruments (future, options)-Basics and Payoffs; Pricing commodity derivatives; Hedging, Speculation and Arbitrage             Commodity Derivatives                 Difference between commodity and financial derivatives; Global and Indian commodities exchanges; Evolution of commodity market in India.             NCDEX Platform                 Structure of NCDEX; Exchange membership; Capital requirements; Commodities traded on NCDEX platform; Instruments available for trading; Pricing of commodity futures; Trading; Clearing, Settlement and Risk Management;Use of commodity futures in hedging, speculation and arbitrage.             Regulatory Framework & Taxation aspect                 Rules governing commodity derivatives exchanges; Intermediaries, Investor grievances and arbitration, Implications of sales tax.       Study material         Commodities Market Module

12. Options Trading Strategies Module

There are vast arrays of strategies available for trading options. This module discusses the objectives of these strategies and the conditions under which they are successful. It is advisable to take the NCFM Derivatives Markets (Dealers) Module test which would make you familiar with the basic concepts of the options market, before attempting this module.       Why should one take this course?         To learn about the various option strategies. To understand payoff concepts. To understand the objectives and risks of each different strategies.       Who will benefit from this course?         Teachers Students Traders Investors Employees of BPO’s/IT Companies Anyone interested in the derivatives market       Test details         Duration: 120 minutes No. of questions: 60 Maximum marks: 100, Passing marks: 60 (60%); There is negative marking for incorrect answers. Certificate validity: For successful candidates, certificates are valid for 5 years from the test date.       Fees         Rs. 1,500/- (Rupees One Thousand Five Hundred Only).       Course outline                     Introduction to Options                 Concept of Options and Option Payoffs of buyers and sellers.             Option Strategies                 The 22 different option strategies covered are Long Call, Short Call, Synthetic Long Call, Long Put, Short Put, Covered Call, Long Combo, Protective Call, Covered Put, Long Straddle, Short Straddle, Long Strangle, Short Strangle, Collar, Bull Call Spread Strategy, Bull Put Spread Strategy, Bear Call Spread Strategy, Bear Put Spread Strategy, Long Call Butterfly, Short Call Butterfly, Long Call Condor, Short Call Condor.       Study material         Options Trading Strategies Module

13. Surveillance in Stock Exchanges Module

Effective surveillance is the sine qua non for a well functioning capital market. This module has been developed pursuant to the desire of the Inter-Exchange Market Surveillance Group of SEBI to have a certified training programme. The module provides insights into the surveillance issues in the stock market. transactions.       Why should one take this course?         To understand the importance of market surveillance mechanism. To learn the role of surveillance in risk management. To learn the rules and regulations like Anti Money Laundering Act, SEBI (Prohibition of Insider Trading) Regulations etc. To understand the concept of corporate governance.       Who will benefit from this course?         Surveillance staff of the Exchanges and Regulators Compliance officers Students & Teachers Anyone interested in the securities market       Test details         Duration: 120 minutes No. of questions: 50 Maximum marks: 100, Passing marks: 60 (60%); There is negative marking for incorrect answers. Certificate validity: For successful candidates, certificates are valid for 5 years from the test date.       Fees         Rs. 1,500/- (Rupees One Thousand Five Hundred Only).       Course outline                     Introduction                 Importance of surveillance in stock exchanges; Market surveillance mechanism             Basic Investment Mathematics                 Return and risk, Fundamental analysis, Financial statement analysis, Cost of capital, Capital structure, Capital budgeting, Time value of money; Market index.             Rules and Regulations                 Securities Contracts Regulation Act, 1956 and Rules, 1957, Securities and Exchange Board of India Act, 1992, SEBI (Stock brokers & Sub Brokers) Regulations 1992, SEBI (Prohibition of Insider Trading) Regulations, 1992, SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 1997, SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations 2000, Prevention of Money Laundering Act 2000, Corporate Governance, Code of Ethics.             Investigation, Surveillance and Risk Management                 Preliminary analysis and investigation, Surveillance activities-online and offline surveillance and rumour verification, Risk containment measures.       Study material         Surveillance in Stock Exchanges Module

14. NSDL-Depository Operations Module

An efficient depository is critical to the efficient functioning of the capital market. This module provides deep insight into the functioning of the depository and outlines the various operational issues. It has been mandated by the National Securities Depository Limited (NSDL) (which is one of the depositories in India), that all branches of depository participants must have at least one person qualified in this certification programme. This module has been jointly developed by NSE and NSDL.       Why should one take this course?         To understand the rationale for a depository. To know about the services provided by a depository. To understand the processes involved in a depository’s functioning. To understand the NSDL application software.       Who will benefit from this course?         Staff of the Depository Participants Students Teachers Bank Employees Investors Candidates seeking to make a career in depository operations Anyone interested in gaining knowledge about the depository participants operations.       Test details         Duration: 75 minutes No. of questions: 60 Maximum marks: 100, Passing marks: 60 (60%). There is negative marking for incorrect answers. Candidates securing 80% or more marks in NSDL-Depository operations module only will be certified as ‘TRAINERS’. Certificate validity: For successful candidates, certificates are valid for 5 years from the test date.       Fees         Rs. 1,500/- (Rupees One Thousand Five Hundred Only).       Course outline                     Overview of the Capital Market                 Overview of relevant laws and regulations; the primary and the secondary market and the capital market intermediaries             Overview of NSDL                 Organizational structure of NSDL, Features of the depository system, Legal framework; Bye-Laws & business rules of NSDL, NSDL system & connectivity             Business Partners of NSDL                 The different business partners of NSDL, Joining procedure/steps, services; Records and reconciliation, rights & obligations; NSDL application software, the hardware requirements of business partners, the service standards, Benefits & safety             Services Offered by Depository                 Account opening of beneficiaries; Clearing members and intermediaries; Transmission & nomination; Dematerialization and rematerialization; Trading & settlement; Off-market transfers; Pay-in and pay-out procedures; Settlement of trades and precautions; Internet initiatives by NSDL.             Special Services                 Pledging/ Hypothecation; Securities Lending & Borrowing; Corporate actions; Public issues; Debt instruments and G-Securities; NSC/KVP in Demat form; MAPIN and TIN       Study material         NSDL-Depository Operations Module

15. AMFI-Mutual Fund (Basic) Module

This module gives more than an elementary knowledge about the mutual funds. It covers the legal and regulatory environment in which the mutual fund industry works and also outlines the accounting, valuation and taxation issues related to mutual funds. This module has been developed by the Association of Mutual Funds in India (AMFI). AMFI- Mutual Fund (Advisors) Module is currently available in English, Gujarati and Hindi languages. The workbook for the module, which is available for a fee at AMFI, remains in English but the online test is conducted in Gujarati and Hindi languages also.       Why should one take this course?         To understand concepts and working of mutual funds. To learn about the fund distribution and sales practice. To learn about the fund performance and evaluation measures. To understand investment management.       Who will benefit from this course?         Students Teachers Investors Mutual fund advisors and distributors engaged in marketing and selling of mutual funds Employees of corporate intermediaries Financial Planners Bank Employees       Test details         Duration: 90 minutes No. of questions: 62 Maximum marks: 100, Passing marks: 50 (50%); There is negative marking for incorrect answers.       Fees         Rs. 1,000 (Rupees One Thousand only).       Course outline                     Introduction                 Concept, evolution and the role of mutual funds; Types of funds.             Fund Structure and Constituents                 Legal structure of MFs in India, US and UK; Rights and responsibilities of the AMC directors, trustees; Role, function, rights and responsibilities of other market constituents; Fund mergers and scheme takeovers             Legal and Regulatory Environment                 Role of the different regulators in India; Regulation vs. self regulation, Role of AMFI, Investor associations, Consumer forums/courts; Rights and obligations of the investor,             The Offer Document                 Contents of the offer document as per SEBI format, Key information memorandum             Fund Distribution and Sales Practices                 Distribution channels in India and challenges; Role of DMAs and Sales practice.             Accounting, Valuation and Taxation                 SEBI regulations on NAV computation, pricing of units, fees and expenses, Initial Issue Expenses, disclosures and reporting requirements and accounting policies. Taxation and valuation aspects of MFs.             Investor Services                 Application for account opening with MF, Repurchase and redemption options, Cut-off time for submissions of requests, Historical vs. Prospective NAVs; Different investment plans and services, Loans against units.             Investment Management                 Equity and debt portfolio management, Use of derivatives for debt portfolio management, Interest rates and debt portfolio management, SEBI investment guidelines and restrictions on investment portfolios.             Measuring and Evaluating Mutual Fund Performance                 Performance measures for equity, debt and liquid funds, NAV growth, total return, annualized return, expense ratio, portfolio turnover rate, fund size, transaction costs, cash flow; Benchmarking for performance evaluation; Tracking a funds performance and its Interpretation.       Study material         The Study material for the AMFI (Basic) module is available for sale at AMFI's office: Association of Mutual Funds In India 706-708, Balarama Bandra-Kurla Complex Bandra (East) Mumbai - 400 051 Telephone: 26590206 / 26590243 / 26590246 / 26590382 Fax: 26590209 /26590235 Website: www.amfiindia.com

16. AMFI-Mutual Fund (Advisors) Module

The module is designed to address the specific needs of mutual fund distributors and advisors. The aim is to ensure that these distributors advise the investment community appropriately. It is mandatory for agent-distributors and all those engaged in the marketing and selling of mutual funds schemes. AMFI- Mutual Fund (Advisors) Module is currently available in English, Gujarati and Hindi languages. The workbook for the module, which is available for a fee at AMFI, remains in English but the online test is conducted in Gujarati and Hindi languages also.       Why should one take this course?         To understand concept of financial planning and various strategies. To know about the model portfolio and how to select the right funds. To understand the risks in fund investing. To learn about the business ethics for mutual funds.       Who will benefit from this course?         Students Teachers Investors Mutual fund advisors and distributors engaged in marketing and selling of mutual funds Employees of corporate intermediaries Financial Planners Bank Employees       Test details         Duration: 120 minutes No. of questions: 72 Maximum marks: 100, Passing marks: 50 (50%); There is negative marking for incorrect answers. Certificate validity: For successful candidates, certificates are valid for 5 years from the test date.       Fees         Rs. 1,000/- (Rupees One Thousand Only).       Curriculum                     Financial Planning                 Financial planning - definition, scope and need, Role of financial planner, Benefits of financial planning.             Recommending Financial Planning Strategies to Investors                 Financial planning strategies, Asset allocation.             Selecting the Right Investment Products for Investors                 Products available in India, Comparison based on return, safety, liquidity, convenience.             Helping Investors Understand Risks in Fund Investing                 Awareness of risks in mutual fund investing.             Recommending Model Portfolios and Selecting the Right Funds                 Developing a model portfolio; Helping the investor choose a fund based on yield, load, annual total return; Portfolio diversification; Risk level; Long term track record; Services provided and management expertise.             Business Ethics for Mutual Funds                 Understanding business ethics; Business ethics and fund regulation in India and US.       Study material         The Study material for the AMFI (Advisors) module is available for sale at AMFI's office: Association of Mutual Funds In India 706-708, Balarama Bandra-Kurla Complex Bandra (East) Mumbai - 400 051 Telephone: 26590206 / 26590243 / 26590246 / 26590382 Fax: 26590209 /26590235 Website: : www.amfiindia.com

17. Corporate Governance Module

To build confidence among investors, it is imperative to adopt the best corporate governance policies and practices. Recognizing this need, this module endeavors to impart knowledge about the evolution of the corporate governance in India. It also discusses important concepts related to corporate governance and the regulatory framework governing it. This module has been jointly developed by NSE and The Institute of Company Secretaries of India (ICSI).       Why should one take this course?         To understand the evolution of corporate governance in India. To understand the clause 49 of the listing agreement. To know about the disclosure and reporting requirements for companies.       Who will benefit from this course?         Managerial Staff of Corporates Students and Teaching Community Students of the Institute of Company Secretaries of India (ICSI) Anybody interested in the area of Corporate Governance       Test details         Duration: 90 minutes No. of questions: 100 Maximum marks: 100, Passing marks: 60 (60%); There is negative marking for incorrect answers. Certificate validity: For successful candidates, certificates are valid for 5 years from the test date.       Fees         Rs. 1,500/- (Rupees One Thousand Five Hundred Only).       Course outline                     Evolution of Corporate Governance                 Evolution of corporate governance in India & abroad; Provisions regarding corporate governance in the listing agreement; Board governance and independence; Board systems & procedures.             Disclosures                 Disclosure requirements; Reporting requirements; Related party transactions.             Compliance                 Compliance of conditions of the listing agreement with respect to corporate governance.       Study material         The Study material for this module is available at the following ICSI’s offices: a. ICSI-Centre for Corporate Research & Training Plot No. 101, Sector 15, Institutional Area, CBD Belapur, Navi Mumbai 400614 Phone - 27577814 - 16, Extn. 406. Fax no. 27574384 email ccrt @ icsi.edu, ccrt @ vsnl.com. b.    Western Indian Regional Council (WIRC) of the ICSI 13 Jolly Makers Chambers - II, First Floor, Nariman Point, Mumbai 400021 Phone 22047569, Contact person: Mr. Mani Fax No. 22850109 email : wiro @ icsi.edu

18. Compliance Officers (Brokers) Module

Compliance officers at brokerage firms need to have comprehensive knowledge and an adequate understanding of the acts governing the securities market in India, rules and regulations of the exchange, listing procedures etc, since such knowledge is a prerequisite for compliance. The Compliance Officers (Brokers) Module addresses this need. Those interested in taking the test in this module need to refer to the SEBI manual, relevant rules, regulations, acts, circulars etc as per the curriculum. Please note that no study material is provided for this module.       Why should one take this course?         To understand the statutes pertaining to the securities market. To learn about the rules, regulations and bye-laws of the exchanges. To understand the SEBI guidelines.       Who will benefit from this course?         Compliance Officers Students of Law colleges Candidates interested in making their career as compliance officers/legal officers in the securities market       Test details         Duration: 120 minutes No. of questions: 60 Maximum marks: 100, Passing marks: 60 (60%); There is negative marking for incorrect answers. Certificate validity: For successful candidates, certificates are valid for 5 years from the test date.       Fees         Rs. 1,500/- (Rupees One Thousand Five Hundred Only).       Course outline                     The Securities and Exchange Board of India Act, 1992                 Definitions, Establishment of SEBI, Powers and functions of the Board, Penalties and adjudication, Establishment, jurisdiction, authority and procedure of appellate tribunal.             The Securities Contract (Regulations) Act, 1956                               The Securities Contracts (Regulation) Rules, 1957                 Definitions, Contracts between members of recognized stock exchange, SEBI nominees on the governing bodies of recognized stock exchange, Obligation of the governing body to take disciplinary action against a member if so directed by SEBI, Books of account and other documents to be maintained and preserved by every member of a recognized stock exchange, Audit of accounts of members, manner of inquiry, Withdrawal of recognition, Submission of annual report, periodical returns, manner of publication of bye-laws for criticism, requirements with respect to the listing of securities on a recognized stock exchange, Requirements with respect to the listing of units or any other instrument of a collective investment scheme on a recognized stock exchange.             SEBI (Stock Brokers and Sub Brokers) Regulations, 1992                 Definitions, Registration of stock-brokers and sub-brokers, Registration of trading and clearing members, General obligations and responsibilities, Inspection and procedure for action in case of default             Circulars, Rules, Regulations and Bye-laws                 NSE, NSCCL, SEBI and MoF circulars as enforced from time to time, NSE Rules, Regulations and Byelaws, NSCCL Rules, Regulations and Byelaws             SEBI Regulations                 SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003, SEBI (Prohibition of Insider Trading) Regulations, 1992, SEBI (Portfolio Managers) Regulations, 1993, SEBI (Underwriters) Regulations, 1993, SEBI (Ombudsman) Regulations, 2003

19. Compliance Officers (Corporates) Module

Compliance officers of any company needs to have adequate knowledge of the legal and regulatory requirements for carrying out the business of that company. A sound knowledge of these helps the organization adhere to the required compliance standards. The Compliance Officers (Corporates) module tests the candidates on their knowledge of the relevant rules, regulations and guidelines governing the corporates such as the Companies Act. Those of you, interested in taking the test in this module need to refer to the Companies Act, SC(R)A, Depositories Act etc as per the curriculum. Please note that no study material is provided for this module.       Why should one take this course?         To understand the Companies Act, 1956. To know about the provisions of the listing agreement. To know about the Securities Contracts (Regulation) Act, 1956.       Who will benefit from this course?         Compliance Officers Students of Law colleges Candidates interested in making their career as compliance officers/legal officers in the securities market       Test details         Duration: 120 minutes No. of questions: 60 Maximum marks: 100, Passing marks: 60 (60%); There is negative marking for incorrect answers. Certificate validity: For successful candidates, certificates are valid for 5 years from the test date.       Fees         Rs. 1,500/- (Rupees One Thousand Five Hundred Only).       Course outline                     Companies Act, 1956                 Incorporation of a company, Prospectus, Allotment and issue of shares, Share capital and debentures, Management and Administration, Winding up             Securities Contracts (Regulation) Act, 1956                 Definitions, Listing of securities, Penalties and procedure, Miscellaneous             Depositories Act, 1996                 Definitions, Rights and obligations of depositories, participants, issuers and beneficial owners, Enquiry and inspection, Penalty, Miscellaneous             Provisions under Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997                 Applicability of the Regulation , Power of the Board to grant exemption, Disclosures of shareholding and control in a listed company, Substantial acquisition of shares or voting rights in and acquisition of control over a listed company, Bail out takeovers, Investigation and action by Board             Preferential issue guidelines as given in SEBI (DIP) Guidelines                               ESOS guidelines as per SEBI (ESOS and ESPS) Guidelines, 2000                               Compliance with the provisions of the listing agreement                 Clause 49 of listing agreement - for Corporate Governance, Clause 41 of listing agreement - for limited information, Clause 36 of listing agreement - for Disclosure of Material Information. For additional information, kindly look into the clause 16, 35 and 40(A) of the listing agreement.             Compliance with book building guidelines for raising of funds through public issue.                               Knowledge of SEBI guidelines related with raising funds through debt instruments.                               Compliance with SEBI (DIP) Guidelines for raising of funds through public and rights issues.

20. Modules of Financial Planning Standards Board India (Certified Financial Planner Certification)

Financial Planning Standards Board India, currently, conducts tests in four modules, namely (i) Risk Analysis & Insurance Planning (ii) Retirement Planning & Employee Benefits (iii) Investment Planning and (iv) Tax Planning & Estate Planning. For any query for the said test(s), candidates need to contact FPSB India at: Tel No 022-61712424 email: info @ fpsbindia.org website: https://www.fpsbindia.org       Test details         Duration: 120 minutes No. of questions: 75 Maximum marks: 140, Passing marks: 84 (60%) for each module.There is no negative marking in this module.       Fees         Rs. 2,000/- (Rupees Two Thousand Only) per module.

21. Information Security Auditors Module (Part-1) & Information Security Auditors Module (Part-2)

Information security is of vital importance in the corporate environment where a vast amount of information is processed by organizations on a day to day basis. An information security audit is one of the best ways to determine the security of an organization’s information. This module has been developed for those involved with or interested to know about information security related issues in the financial markets. On successful completion of both the parts of this module, candidates are provided with a 'Certified Information Security Auditor for Financial Markets' certification. This module has been jointly developed by NSE and the iSec Services Pvt. Ltd. (iSec).       Why should one take this course?         To understand the regulatory, legal and compliance issues in information security for financial markets. To know the provisions for business continuity plan. To understand the security management practices and physical and environmental security.       Who will benefit from this course?         Students People working with the IT and security related department with the Brokers/Sub-brokers Employees of IT companies/BPOs Bank employees Compliance officers       Test details         Duration: 120 minutes per module (Part 1 & Part 2) No. of questions: 90 in each module (Part 1 & Part 2) Maximum marks: 100, Passing marks: 60 (60%) for each module (Part 1 & Part 2); There is negative marking for incorrect answers. Certificate validity: For successful candidates, certificates are valid for 2 years from the test date.       Fees         Rs. 2,250/- (Rupees Two Thousand Two Hundred and Fifty Only) each for Information Security Auditors Module (Part 1) and Information Security Auditors Module (Part 2).       Course outline                     Information Security Auditors Module (Part-1)                                   Regulatory, Legal & Compliance Issues in Information Security for Financial Markets                         The different rules and regulations pertaining to the Securities Market as per the SEBI Manual, Rules, regulations and bye-laws of NSEIL and NSCCL, The IT Act 2000, Indian Copyright Act 1957, SEBI Act and its regulations pertaining to information security, RBI regulations for information security.                   Business Continuity Planning and Access Control                         Business impact analysis; Types of business continuity; Testing and revising the plan; Access control principles, objectives, and techniques; Usage and importance of logical and physical access controls, Access control devices, methodologies and models.             Information Security Auditors Module (Part-2)                                   Application Security, Communications and Operations Management                         Security in databases, System development; Concepts of security in client-server architecture and of web application security, Security in communications, operations and E-mails                   Physical & Environmental Security and Security Management Practices & Risk Analysis                         Physical security threats and measures, Microcomputer physical security, Objectives of security management practices, Principal of risk management and Basic concepts of ISO 27001.       Study material         Information Security Auditors Module (Part I & II)       Contact details of iSec Services Pvt. Ltd.         Delhi: B 1/1810, Vasant Kunj, New Delhi - 110070, Telefax: (011) 26123369, Email: contactus @ isec.co.in Mumbai: B 102, Patliputra CHS, 4, Bunglows, Mumbai - 400053, Telefax: (022) 26300209, URL:www.isec.co.in/www.isectrain.com

22. NISM-Series-I: Currency Derivatives Certification Examination (NISM-Series-I: CD Examination)

23. NISM-Series-II-A: Registrars to an Issue and Share Transfer Agents - Corporate Certification Examination

24. NISM-Series-II-B: Registrars to an Issue and Share Transfer Agents – Mutual Fund Certification Examination

25. Financial Modeling Module

Originally posted by : saba fatma
	thank u so much......  the certificate will be valid only for 5 years and after that do I need to renew it or give the examination again.. please help

You have to give the examination again.

How to write the certification course in NCFM(NSE Certification Course in Financial Module)?

Hello friend :

How ever NCFM is a NSE'S certificate in financial market. This exam was conducting because of testing and certification has assumed significance in India as there is no formal education or training on financial markets, especially in the area of operations, while at the same time the market has undergone a complete transformation in the recent years. There are so many modules in NCFM among all only some will be very helpful like : Derivatives Market module. Capital market dealers module. Commodities market module. Investment analysis and portfolio management. A part from this ONE more exam conducted by AMFI that is MUTUAL FUND basic module. If you get three certificates then you will get NCPM. If you have qualified 5 certificates then you will be professional in nse. you name will be registered in the NSE site. NCFM is the online exam you have to be registered online in the site : https://www.nseindia.com/content/ncfm...me_to_ncfm.htm

1. first you have to login.

2.New registration.

3.Give your details.

4.Mode of payment.

5.Enrollment for test

6.Hall ticket.

7. photo upload Depositary operation module Read more:

https://mbadiscussions.com/how-write-certification-course-ncfm-nse-certification-course-financial-module-5634.html#ixzz2AfL9rHgT

ITS REALLY HELPFUL...........

AND I GOT TOO MUCH INORMATION FROM OTHER SITES ALSO. I HAVE STILL CONFUSION THAT WHAT TO DO FOR BECOME COMPLIANCE OFFICER, MEANS I NEED TO GET 5 CERTIFICATE......... ONE CERTIIACATE IS VALID ONLY FOR 5 YEAR THEN HOWZ GET 5 CERTIFCATE............... CAN ANYONE ELIGIBLE FOR 5 MODULE... AND GET PASSED OR NOT??????????? PLZ SUGGEST..........

Originally posted by : VINAYKUMAR S HEGDE
	Please uplode what ever the information u got from other site

ohk, i'll try to upload all the things, but due to exam, at this tym i am unable to upload all the things...........

ANKUR SIR ALREADY UPLOAD THE ALL STATUS NO NEED TO OTHERS"S INFORMATION........ so go for it.......................

GOOD LUCK >>>>>>>

GOOD DAY <<<<<<<<

REGARDING, 

ABHA GUPTA

hello frds thaq 4 giving revalant information but plz let me know while doing article ship can we do this ?

please let me know what is the last date for apply???????

and get for enroll? Is it fix as same as in CS or in CA........................

for more enqury go for NSE website and another site is

 https://www.gojobsindia.com/Thread-NSE-s-Certification-NCFM-Modules-details-Test-Model-Papers-Full-Study-Materials

Thank you for the article. This article is so informative for everyone.

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