NCFM stands for NSE Certification in Financial Market (India). This certification is necessary to obtain for the people wanting to make their career as a dealer (one who punches the orders on behalf of the client) with a stock broker. NSE offers a comprehensive range of modules to evaluate level of expertise in different fields related to stock market and finance. NCFM, after registration and payment of fees allows to sit for the examinations applied for. After passing out one gets NCFM certificate. Details of these modules can be had in NCFM modules pdf format from NSE website.
NCFM currently takes tests in the following modules to test the level of expertise of the examinee.
- NSE Academy’s Certified Market Professional (NCMP)
- NSE Academy’s Capital Market Aptitude Test (NCMAT)
- Proficiency Certificate
- NCFM Module
- Other programs
There are many NCFM modules. They are found in three categories. They are
- Foundation Modules for beginners
- Intermediate Modules
- Advanced Modules
With a view to improve awareness on how to invest in stock market, NSE started financial workshop and certification programs. They did it through NSE Academy.
To bring more and more retail investors in the network NSE also took up advertising in mass media. NSE academy, a wholly owned subsidiary of NSE, promote financial literacy. To promote financial literacy, NSE Academy has partnered with different state and central level school board to spread financial literacy among young Indians. In addition they also started interactive programmes, certification programmes to introduce all interested person to the capital market wih the view to create new professionals in this field.
NCFM Certificate (NSE ACADEMY’S Certification in Financial Markets) – With a view to create a pool of human resources with right kind of expertise in financial market,NSE started NSE Academy Limited in 2016. Today NSE Academy professionally educate and give certificates to people who succeed in tests in different finance related educational programs like financial services, banking and financial literacy.
NCFM certificate or NSE Academy Certification in Financial Markets program provides window for online testing and certification program. These programmes are designed to comprehensively test the theoretical knowledge as well as financial skills and practical knowledge required to function in financial markets. The pass outs from these test get NCFM certificate against stipulated fees. The test are conducted online through NSE intranet at approved centres located at different palces across India.
- Visit here for NSE approved testing Centres
NCFM currently tests expertise in the following modules.