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NCFM currently tests expertise in the following modules. Click on the links below to get more details on the modules.
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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.
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 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.
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Students
Teachers
Investors
Employees of BPOs/IT Companies
Employees of Brokers/Sub-Brokers
Housewives
Anybody having interest in the Indian securities market
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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.
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1,500/- (Rupees One Thousand Five Hundred Only).
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Types of Markets: Equity, Debt, Derivatives, Commodities; Meaning and features of private, public companies; Types of investment avenues.
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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.
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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.
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Types of derivatives; Commodity and commodity exchanges; Commodity versus financial derivatives.
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Balance sheet; Profit & loss account; Stock market related ratios; Simple analysis before investing in the shares; understanding annual report; Director’s report etc.
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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.
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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.
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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
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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.
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1,500/- (Rupees One Thousand Five Hundred Only)."
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Securities market and financial system; Products, participants and functions; Primary market; Secondary market; Derivatives market; Regulators; Exchanges; Depositories; Clearing corporations; Regulatory framework; Reforms. "
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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."
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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.
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Indian debt market; Primary market; Secondary market-NDS; NDS-OM; CCIL; Wholesale debt market (WDM) segment of NSE.
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Products, Participants and functions; Trading mechanism; Membership; Contract specification; Clearing & Settlement; Open interest; Implied interest rate; Implied volatility; Risk management; Debt derivatives."
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Legislations; Rules and regulations; Accounting & taxation.
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Measures of central tendency; Fundamental and technical analysis; Financial statement analysis.
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Cost of capital; Capital budgeting; Capital structure; Time value of money.
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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.
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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.
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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
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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.
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1,500/- (Rupees One Thousand Five Hundred Only).
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Concept of risk; Risk management; Types of traders in the derivatives markets
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Exchange rate; Fixed and floating exchange rate regime; Factors affecting exchange rates; Concept of quotes; Tick-size; Spreads; Spot transaction and forward transaction
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Forward contracts; Futures contracts; Pricing of futures contracts
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Hedging, speculation and arbitrage in currency futures
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Product definition; Trading underlying versus trading futures; Uses of currency futures at NSE
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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
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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.
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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.
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Students
Investors
Financial planners
Analysts
Equity researchers
Anybody having interest in the Indian mutual fund industry
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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.
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1,500/- (Rupees One Thousand Five Hundred Only)."
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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.
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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.
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Introduction to exchange traded funds; Market making by authorized participants; creation units; Portfolio deposit and cash component
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Salient features of debt fund; Concept of interest rate and credit risk; Pricing of debt instrument.
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Salient features of liquid funds; Floating rate scheme and portfolio churning in liquid funds.
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Taxation of capital gains; Indexation benefit and FMP.
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Role and objectives of AMFI; Different types of plans; Systematic Investment Plan (SIP); Systematic Transfer Plan (STP) and Systematic Withdrawal Plan (SWP); Dividend payout.
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This module has been prepared with a view to equip candidates with basic but essential information and concepts regarding the equity derivatives markets.
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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.
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Students
Teachers
Employees of Brokers/Sub-brokers
Individual Investors
Employees of BPOs/IT companies
Anybody having interest in the derivatives market
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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.
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1,500/- (Rupees One Thousand Five Hundred only).
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Definition and origin of derivatives; Definitions of forwards; futures; options; Moneyness of an option; Participants in the derivatives market and uses of derivatives.
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Pay-off of futures; Theoretical model for future pricing; Option payout and strategies; Determination of option prices.
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Derivatives trading and settlement on NSE; Using daily newspapers to track futures and options; Accounting and taxation of derivatives.
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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."
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To understand the concept of money market
To understand the interest rate derivatives as a risk management tool
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Students
Teachers
Employees of Banks, Insurance Companies"
Primary Dealers
Employees of Brokers/Sub-Brokers
Anybody having interest in the Indian money market
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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.
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1,500/- (Rupees One Thousand Five Hundred Only).
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Introduction; Factors affecting the level of interest rate; Impact and classification of interest rate and Present value, Future value and Discount factor.
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Money markets and Fixed income markets.
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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.
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OTC Derivatives; Exchange traded contracts and key terminology of futures market.
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Interest rate futures; Rationale; Contract specifictaions; Settlement and Risk Management.
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Why a notional bond is being used as underlying; Conversion factor; Invoice price; Cheapest to deliver bond; Bond basis.
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Participants in the IRF market; Hedging applications of interest rate derivatives; Speculation and Arbitrage strategy.
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This module aims at familiarizing the candidates with the fundamentals of banking and provides some basic insights into the policies and practices followed in the Indian banking system
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To learn the fundamentals of banking.
To improve one's awareness of the policies and practices in the Indian banking sector.
To be familiar with banking services available in India.
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Students aspiring for banking as a career
Bankers
Employees of Call Centres / BPOs of Banks
Teachers of financial courses
Anybody having interest in the area of banking
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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.
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1,500/- (Rupees One Thousand Five Hundred Only).
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Definition of banks, Evolution of Commercial Banks in India, Functions of Commercial Banks,Competitive Landscape of Banks in India
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Banking Structure in India, Role of RBI vis-à-vis other commercial banks
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Introduction to Bank Deposits, Types of Deposit Accounts, Strategies of mobilizing deposits, Common guidelines of opening and operating accounts, deposit related services, Deposit services offered to Non-Resident Indians, Deposit Insurance
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Principles of Lending and Loan Policy, Basics of Loan Appraisal, Credit decision-making and Review, Types of Advances, Management of Non Performing Assets
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Investment Policy, Statutory Reserve Requirements, Non-SLR Requirements, Banks' Investment Classification and Valuation Norms
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Other Basic Banking Activities, Para-banking Activities
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Strategy for expanding customer base, services to different customer groups, competition among banks for customers, customer relationship management, Banking Ombudsman Scheme, Know Your Customer (KYC) norms
Evolving Trends in Modern Banking
Technology, Outsourcing of Non-core Activities, Financial Inclusion
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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.
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Employees of Stock Brokers and Sub-Brokers
Students
Teachers
Employees of BPO/IT Companies
Investors
Anybody having interest in the Stock market operations
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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.
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1,500/- (Rupees One Thousand Five Hundred only).
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Introduction - Market segments, products and participants; Primary Market; Secondary Market; Derivatives Market; Market Design - Primary Market, Secondary Market, Derivatives Market; Reforms in securities market
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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).
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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.
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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.
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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
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Elementary statistical concepts; Coefficient of variation; Covariance; Correlation coefficient; Normal distribution; Time value of money; Understanding financial statements.
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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.
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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.
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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
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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.
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1,500/- (Rupees One Thousand Five Hundred Only)"
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Concept of derivatives; Types of products, Participants and functions; Difference between Exchange-traded vs. OTC derivatives markets.
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Concept of Index; Index construction; Desirable attributes of an Index and types of Indices; Application of Index.
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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.
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Trading system of Futures and options; Entities in the trading system; Functionalities of the NEAT System; Transaction Charges.
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Clearing entities; Clearing and Settlement Mechanism; Risk Management and Margining System.
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Securities Contracts (Regulation) Act, 1956; Securities and Exchange Board of India Act, 1992; Regulation for derivatives trading; Accounting and Taxation issues.
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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.
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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.
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Students
Teachers
Debt Market Dealers
Employees of BPO/IT Companies
Anybody having interest in the Fixed Income Market
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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.
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1,500/- (Rupees One Thousand Five Hundred Only).
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Basic concepts of debt instruments
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Different types of products and participants; Secondary market for debt instruments
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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).
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Issuance process; Cut-Off yields; Investors in T-Bills; Secondary market activity in T-bills.
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Gross fiscal deficit of state Governments and its financing; Volume, Coupon rates and ownership pattern of State Government bonds.
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Participants in the call markets; Call rates
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Market segments; Issue process; Issue management and Book building; Terms of a debenture issue; Credit rating.
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Guidelines for CP Issue; Rating notches for CPs; Growth in the CP market; Stamp duty; Certificates of deposit.
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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.
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I-Bex: Sovereign bond index; NSE-MIBID/MIBOR
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Descripttttion 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.
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G-Sec Act 2006; SEBI (Issue and Listing of Debt Securities) Regulations 2008 and Market Practices and Procedures
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Bond valuation; Accrued interest; Yield; Weighted yield; YTM of a portfolio; Realized yield; Yield-price relationships of bonds
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Yield Curve; Bootstrapping; Alternate methodologies to estimate the yield curve; Theories of the term structure of interest rates
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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
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Concept of fixed income derivatives; Mechanism of forward rate agreements; Interest rate swaps
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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.
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To have a practical orientation towards the principles of investment, pricing and valuation"
To learn the various methodologies of financial analysis "
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Students of Management and Commerce
Finance Professionals
Employees with Treasury & Investment division of banks and financial institutions
Anybody having interest in this subject
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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."
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1,500/- (Rupees One Thousand Five Hundred Only).
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Introduction; Types of Investors; Constraints; Goals of Investors.
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Introduction, Primary and Secondary Markets; Trading in Secondary Markets; Money Market; Repos and Reverse Repos; Bond Market; Common Stocks."
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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.
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Introduction; Market Efficiency; Departures from the EMH.
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Introduction; Analysis of Financial Statements; Financial Ratios (Return, Operating and Profitability Ratios); Valuation of Common Stocks; Technical Analysis."
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Introduction; Diversification and Portfolio Risks; Equilibrium Models: The CAPM; Multifactor Models: The Arbitrage Pricing Theory
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Introduction; Forwards and Futures; Call and Put Options; Forward and Futures Pricing; Option Pricing; Black- Scholes Formula
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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
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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.
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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.
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Students
Teachers
Commodity Market Dealers
Researchers
Employees of BPO/IT Companies
Anybody having interest in the Commodities Market
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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.
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1,800/- (Rupees One Thousand Eight Hundred Only)."
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Introduction to Derivatives; types, Products, participants and functions; Exchange–traded versus OTC derivatives.
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Types of instruments (future, options)-Basics and Payoffs; Pricing commodity derivatives; Hedging, Speculation and Arbitrage
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Difference between commodity and financial derivatives; Global and Indian commodities exchanges; Evolution of commodity market in India.
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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.
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Rules governing commodity derivatives exchanges; Intermediaries, Investor grievances and arbitration, Implications of sales tax.
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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.
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To learn about the various option strategies.
To understand payoff concepts.
To understand the objectives and risks of each different strategies.
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Teachers
Students
Traders
Investors
Employees of BPO’s/IT Companies
Anyone interested in the derivatives market
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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.
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1,500/- (Rupees One Thousand Five Hundred Only).
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Concept of Options and Option Payoffs of buyers and sellers.
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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."
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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.
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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.
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Surveillance staff of the Exchanges and Regulators
Compliance officers
Students & Teachers
Anyone interested in the securities market
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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."
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1,500/- (Rupees One Thousand Five Hundred Only)."
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Importance of surveillance in stock exchanges; Market surveillance mechanism
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Return and risk, Fundamental analysis, Financial statement analysis, Cost of capital, Capital structure, Capital budgeting, Time value of money; Market index.
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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.
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Preliminary analysis and investigation, Surveillance activities-online and offline surveillance and rumour verification, Risk containment measures.
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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.
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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.
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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.
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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.
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1,500/- (Rupees One Thousand Five Hundred Only).
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Overview of relevant laws and regulations; the primary and the secondary market and the capital market intermediaries
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Organizational structure of NSDL, Features of the depository system, Legal framework; Bye-Laws & business rules of NSDL, NSDL system & connectivity
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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
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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.
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Pledging/ Hypothecation; Securities Lending & Borrowing; Corporate actions; Public issues; Debt instruments and G-Securities; NSC/KVP in Demat form; MAPIN and TIN
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You may kindly note that w.e.f. 01-June-2010 ‘NISM-Series-V-A: Mutual Fund Distributors Certification Examination’ is the requisite standard for the associated persons including distributors, agents, brokers, sub-brokers or called by any other name, employed or engaged or to be employed or engaged in the sale and / or distribution of mutual fund products.
The AMFI-Mutual Fund (Advisors) Module and AMFI-Mutual Fund (Basic) Module are discontinued w.e.f. 01-June-2010.
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You may kindly note that w.e.f. 01-June-2010 ‘NISM-Series-V-A: Mutual Fund Distributors Certification Examination’ is the requisite standard for the associated persons including distributors, agents, brokers, sub-brokers or called by any other name, employed or engaged or to be employed or engaged in the sale and / or distribution of mutual fund products.
The AMFI-Mutual Fund (Advisors) Module and AMFI-Mutual Fund (Basic) Module are discontinued w.e.f. 01-June-2010.
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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).
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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.
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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
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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.
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1,500/- (Rupees One Thousand Five Hundred Only).
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Evolution of corporate governance in India & abroad; Provisions regarding corporate governance in the listing agreement; Board governance and independence; Board systems & procedures.
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Disclosure requirements; Reporting requirements; Related party transactions.
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Compliance of conditions of the listing agreement with respect to corporate governance.
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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
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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.
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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.
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Compliance Officers
Students of Law colleges
Candidates interested in making their career as compliance officers/legal officers in the securities market
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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.
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1,500/- (Rupees One Thousand Five Hundred Only).
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Definitions, Establishment of SEBI, Powers and functions of the Board, Penalties and adjudication, Establishment, jurisdiction, authority and procedure of appellate tribunal.
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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.
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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
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NSE, NSCCL, SEBI and MoF circulars as enforced from time to time, NSE Rules, Regulations and Byelaws, NSCCL Rules, Regulations and Byelaws
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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
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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.
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To understand the Companies Act, 1956.
To know about the provisions of the listing agreement.
To know about the Securities Contracts (Regulation) Act, 1956.
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Compliance Officers
Students of Law colleges
Candidates interested in making their career as compliance officers/legal officers in the securities market
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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.
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1,500/- (Rupees One Thousand Five Hundred Only).
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Incorporation of a company, Prospectus, Allotment and issue of shares, Share capital and debentures, Management and Administration, Winding up
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Definitions, Listing of securities, Penalties and procedure, Miscellaneous
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Definitions, Rights and obligations of depositories, participants, issuers and beneficial owners, Enquiry and inspection, Penalty, Miscellaneous
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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
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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.
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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
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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.
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2,000/- (Rupees Two Thousand Only) per module.
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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).
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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.
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Students
People working with the IT and security related department with the Brokers/Sub-brokers
Employees of IT companies/BPOs
Bank employees
Compliance officers
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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.
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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).
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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.
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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.
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Security in databases, System development; Concepts of security in client-server architecture and of web application security, Security in communications, operations and E-mails
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Physical security threats and measures, Microcomputer physical security, Objectives of security management practices, Principal of risk management and Basic concepts of ISO 27001.
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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
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The business of Banking and Broking has changed significantly in the past few years in India. There are over 50,000 branches providing banking and broking services to customers. The focus of activities in these branches is on building effective relationships with customers and enhancing cross selling opportunities.
The Financial Services Marketing Program developed by IMS Proschool - a leading Financial Services education provider in India, is designed to impart the following skills:
The business of Banking and Broking has changed significantly in the past few years in India. There are over 50,000 branches providing banking and broking services to customers. The focus of activities in these branches is on building effective relationships with customers and enhancing cross selling opportunities.
The Financial Services Marketing Program developed by IMS Proschool - a leading Financial Services education provider in India, is designed to impart the following skills:
1. Gain Skills to compare Financial Products
2. Understand Customer Need for Financial Products
3. Understand Customer Decision Making Process While choosing Financial Products
4. Increasing Cross Selling Opportunities with exisiting customers
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Candidates with following educational background interested in working for Banks and Securities Trading Institutions based in India:
1. Commerce Graduate looking to specialise in Marketing
2. Graduates working in Banks and Brokerages
3. Graduates working in other than Finance Sector and wishing to shift to Financial Services
4. MBA's Looking for Jobs in Financial Services
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You can opt for:
1. Distance Learning Program - Study Material will be provided online.
2. Classroom Program – Currently available in Mumbai, Pune, Chennai, Bhopal, Trivandrum, Gandhinagar
At the end to the course the candidates will have to appear for the certification exam.The examination comprises of multiple choice questions which will have to be answered based on a case provided.
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Only those candidates who have successfully completed the Financial Services Marketing Program with IMS Proschool can appear for the certification exam.
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Exams are normally conducted four times in a year (June, Sep, Dec, Mar). Candidates must complete the education i.e. Financial Services Marketing Program and complete the Sales Workshop of IMS Proschool 45 days prior to the examination date for becoming eligible for the final Certification.
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1. Apply online at www.proschoolonline.com
2. Download the Application Form from the website and send the duly filled Application Form to IMS Proschool, Principal N M Kale Marg, Off Gokhale, Maharashtra High School Complex, Dadar (W), Mumbai 400028 09372895050
For more information click on the link www.proschoolonline.com
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