The Indian Stock Exchange has grown over the decades with Indian and global trades. The National Stock Exchange (NSE) regulates certification exams in India. The objective is to remove the skill gap by mandating people to qualify certification as the minimum benchmark to obtain a job in the financial market. If you want a job in the Indian securities market then you must obtain NCFM certification.
As per the Security Exchange Board of India (SEBI) guidelines, it is mandated for students to appear for the NSE certification exam. The objective of the exam is to protect investors by minimizing their risk of losing money due to lack of knowledge of share trading and financial instruments. The exam is developed to eliminate skill shortage in the financial market. If provides an understanding of each division and instruments of the financial market through exam and certification.
NCFM is an online certification programme. The exam aims to test participants on practical knowledge and skills required to operate in the financial sector. The purpose is to expedite the market knowledge base as well as improve career prospects. Thus, NCFM certification is mandatory for professionals searching for a job in the financial market.
Here is a complete study plan and a few tips from experts on NCFM certification preparation 2024.Â
Overview of NCFM Certification
One of the crucial elements of the financial sector reform is the produced skilled workforce having the right skills and expertise of each segment of the sector. In order to produce quality workforce need to follow the compliance and possess requisite skills through certification.
It is essential for the participant to gain the required business, technology, and trading skills to help with intermediation. In order to ensure that you have become adequately competent to work in the market, you need to certify. The certification signifies high value in India as there is no formal education on financial markets particularly in the field of operations while the market experience paradigm shift in recent years.
Check: Difference between NISM & NCFM Certification
A list of new functions from different specialisations has emerged. The sector has transformed and demand for a huge workforce with distinct qualification, skills, and expertise is also increasing. Taking into account the international experience and the need for Indian Securities Market, the viewpoint of protecting the interest of investors is more important for reducing the risk of losing money. Thus, the National Stock Exchange (NSE) in 1998 introduced a facility for testing and certification by launching NCFM.
IFMC Institute founded in 2008 strives to take measure in-line with the objectives of NCFM examination to empower participants looking to upgrade their career in the financial market. These measures are accomplished through offering completion learning in the mode of classroom classes, online courses, virtual training, mock tests, and workshops on the related subject matter.
Eligibility Criteria
There is no restriction of age or qualification to register for the NCFM certification examination. Although, participants must require knowledge of computers while answering the test which is completely online. There are no special eligibility criteria to enrol for these NCFM modules except for fluency in English and basic computer literacy. Apart from that, no knowledge or experience in the financial sector is required to sit for these exams.
Who will benefit from this course?
- Students
- Teachers
- Investors
- Employees of BPOs/IT Companies
- Employees of Brokers/Sub-Brokers
- Housewives
- Anybody have an interest in the Indian securities market
NCFM Preparation Through Classroom Classes
Students who decide to join IFMC Institute classroom classes for NCFM exam preparation 2024 will be guided by industry experts. The classroom course consulted at the centre. Students are provided NCFM study material, mock test series, practical training, mentor guidance and placement guidance.
Book Your Slot Here:
- Capital Market Module
- Derivatives Market Module
- Mutual Fund Module
- Commodity Market Module
- Currency Market Module
NCFM Preparation Through Online Courses
Working professionals or anyone who is not able to attend classroom classes must attend NCFM preparation online course. An online course by IFMC aims to guide students who want to self-study for NCFM exam preparation. IFMC online courses in NCFM exam are short and offer precise knowledge. Each course covers a complete curriculum which will help you to clear the certification exam.
Enrol for Online Course Here:
- Investment Advisor Level 1
- Capital Market Course
- Equity Derivative
- NISM Series VIII
- Commodity Market Course
- Currency Market Course
- Options Strategy
- NCFM Module
- Mutual Fund Distributors NISM-Series-V-A Course
NCFM Modules
| S. No. | Name of Module |
| 1 | Financial Markets: A Beginner’s Module |
| 2 | Mutual Funds: A Beginner’s Module |
| 3 | Currency Derivatives: A Beginner’s Module |
| 4 | Equity Derivatives: A Beginner’s Module |
| 5 | Interest Rate Derivatives: A Beginner’s Module |
| 6 | Commercial Banking in India : A Beginner’s Module |
| 7 | Securities Market (Basic) Module |
| 8 | Capital Market (Dealers) Module (CMDM) |
| 9 | Derivatives Market (Dealers) Module (DMDM) |
| 10 | FIMMDA-NSE Debt Market (Basic) Module |
| 11 | NSDL-Depository Operations Module |
| 12 | Investment Analysis and Portfolio Management |
| 13 | Fundamental Analysis Module |
| 14 | Securities Market (Advanced) Module |
| 15 | Mutual Funds (Advanced) Module |
| 16 | Banking Sector Module |
| 17 | Insurance Module |
| 18 | Macroeconomics for Financial Markets Module |
| 19 | Options Trading Strategies Module |
| 20 | Commodities Market Module |
| 21 | Surveillance in Stock Exchanges Module |
| 22 | Corporate Governance Module |
| 23 | Compliance Officers (Brokers) Module |
| 24 | Compliance Officers (Corporates) Module |
| 25 | Information Security Auditors Module (Part-1) & Information Security Auditors Module (Part-2) |
| 26 | Modules of National Institute of Securities Markets (NISM) |
| 27 | Modules of Financial Planning Standards Board India (Certified Financial Planner Certification) |
| 28 | Equity Research Module |
| 29 | Issue Management Module |
| 30 | Market Risk Module |
| 31 | Financial Modeling Course |
| 32 | Financial Services Foundation |
Stock broker, sub-broker, analyst, portfolio managers, treasury, investment advisory, wealth manager, mutual fund advisor area among some popular job prospects in the financial market after completing the NCFM certification examination. NCFM exam is of great help for professionals in furthering their career in finance.
Job Opportunities
Tips to Prepare for NCFM Certification Exam 2024
The first tip when preparing for the NCFM certificate exam in 2024 is to seek help from experts. You must wisely spend your good efforts on time management and pick up the right exam. NCFM exam preparation requires alot of patience and hard work. Here are some pro tips that will help beginners to reach potential.Â
- Choosing the right exam
Under the over 20 NCFM modules to choose from, each exam has a different curriculum. Students need to choose the field in which they want to make a career. Some popular NCMF exams are capital market, commodity market, financial market, mutual fund, investment advisor etc. So be wise enough to explore what exam you want to choose.
- Time management
Managing your time is the most important factor for any exam. Start with keeping track of your exam curriculum and divide it specifically to study. Create a study plan in addition to the mock tests. The curriculum is complex and vast. Therefore determine your strength alongside your weakness. Besides, try to perform well in the first attempt. To get an idea about the NCFM exam you can practice on the NCFM mock test papers. Practising with mock test papers will also allow you to get an idea about the exam pattern of questions.
- Mentor’s guidance
A mentor is an expert that widens the knowledge of the person. They guide you in the necessary skills to qualify for the exam. A mentor or teacher guides you with professional techniques and principles to solve the problem.
These are a few tips that will benefit you for sure. The key to successfully qualify the exam is to stay motivated. Patience, intelligence, and hard work are all you need to clear the examination in the first attempt.
Conclusion
The NCFM certification benefits students who want to make a career in finance, insurance, or banking. A career in the financial market drives knowledge and money. Qualifying the exam to prepare you with practical knowledge, besides improving important trading skills like money and risk management. IFMC Institute offers a range of courses for students preparing for NCFM examination. The course is designed based on the latest curriculum mandated by the NSE exam. Check out the NSE NCFM certification online preparation course for beginners with instructor-led training and live practical project experience.
