National Stock Exchange of India provides National Certification in Financial Markets (NCFM) which imparts expertise to operate in financial markets and also helps tremendously to establish a business in stock market and work for an established stock broking company or Equity & Derivative projects. NSE certification imparts insights about the functions and techniques of capital market. NCFM program is an online testing and certification program that tests practical knowledge and skills required to work in the financial markets. It is administered through designated test centers located across India. Finance professionals such as Portfolio Managers, Stock Analysts, Brokers, employees of investment divisions of financial institutions pursue NSE certification to enhance their theoretical as well as practical knowledge.
On completion of certain combinations of NCFM modules, candidates earn a Proficiency Certificate that indicates their expertise in that particular area.
Qualifying criteria: Passing NCFM Equity Derivatives: A Beginners' Module + Derivatives Market (Dealers) Module + Options Trading Strategies Module.
Qualifying criteria: Passing NCFM Equity Derivatives: A Beginners' Module + Derivatives Market (Dealers) Module + Options Trading Strategies Module + Option Trading (Advanced) Module.
Qualifying criteria: Passing NCFM Investment Analysis and Portfolio Management Module + Technical Analysis Module + Fundamental Analysis Module.
Qualifying criteria: Passing NCFM Investment Analysis and Portfolio Management Module + Technical Analysis Module + Fundamental Analysis Module + Wealth Management Module.
Qualifying criteria: There are 5 levels NCMP certificates that are issued to the candidates who have cleared some specific number of NCFM modules. Details of various levels and number of modules required to be cleared for that level:
|NCMP Level 1||3 - 4 modules|
|NCMP Level 2||5 - 6 modules|
|NCMP Level 1||7 - 8 modules|
|NCMP Level 1||9 - 10 modules|
|NCMP Level 1||11 or more modules|
Not all modules are considered for NCMP certification. List of eligible modules can be found on the NSE official website.
3. NSE's Capital Market Aptitude Test (NCMAT)
4. NSE Certified Capital Market Professional (NCCMP) & Online NSE Certified Capital Market Professional (E - NCCMP)
5. Post Graduate Courses are offered by NSE through collaboration with various universities (8 courses)
NCFM modules are divided into three categories including Beginner, Intermediate and Advanced levels. Each module caters to a particular area of finance domain with varying degree of expertise. Candidates can choose certification in any module of their choice.
The tests are conducted every day on weekdays (except on Exchange specified holidays) at all the six NSEIL offices (Mumbai, New Delhi, Kolkata, Chennai, Hyderabad, and Ahmedabad). Depending upon the demand, the tests can also be conducted from any other location in India. Test fees are valid for six months from the date of payment. Candidates need to enroll for the test within six months from the date of payment of fees.
These are multiple choice questions-based exams. The examination system is automated and results are provided on the stop. If successful, candidates get the certificates usually within 15-20 days of appearing for the exam.
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.
There are no qualifications or age restrictions for registration to the NCFM programme. However, candidates are expected to be comfortable with written English and should have basic computer literacy.
The NSE certifications offer great benefits to individuals who want to have a career in banking and finance. Even if an individual is from a non-finance background and wants to venture in the financial markets, these certifications can be quite useful.
Some of the NSE Certification Benefits include: