NATIONAL STOCK EXCHANGE OF INDIA LTD

.
NSE’s Certification in Financial Market’s (NCFM)

CIRCULAR

Download Reference No. NSE/NCFM/12900

Ref. No: NSE/NCFM/2009/106

August 17, 2009

Sub: Introduction of NCMP certificates

With effect from August 17, 2009, NSE will offer “NSE Certified Market Professional
(NCMP)” certificates to those who have cleared NCFM modules (stated in Table 1
below) as per the following eligibility criteria:

• NCMP Level 1 : 3 – 4 modules

• NCMP Level 2 : 5 – 6 modules
• NCMP Level 3 : 7 – 8 modules
• NCMP Level 4 : 9 or more modules

Table 1 : List of the modules qualifying for NCMP certification *

Sr. Name of Module

No.
1 Capital Market (Dealers) Module
2 Commodities Market Module
3 Derivatives Market (Dealers) Module
4 FIMMDA-NSE Debt Market (Basic) Module
5 Financial Markets: A Beginners’ Module
6 Mutual Funds : A Beginners' Module
7 NSDL–Depository Operations Module
8 Options Trading Strategies Module
9 Securities Market (Basic) Module

* More modules may be added to this list in future. (The updated list of modules
qualifying for NCMP certification can be found at Home>NCFM>NCMP certification.)

This hierarchy of certifications is aimed at enabling the candidates to better

demonstrate their domain knowledge relating to financial markets.

Candidates are requested to kindly take note of the following:

 • Only valid NCFM certificates (i.e. certificates not yet time-barred) for the
modules stated in Table 1, obtained on or after August 17, 2007, will be taken into
account for NCMP certification. However, the NCMP certificate itself would
have no validity period.
• At most one Beginners’ module will be counted towards certification for Level 1
and not more than two Beginners’ modules will be counted towards certification
for Level 2 and above.
• Only successful attempts for distinct modules will be considered. In other words,
if a candidate has successfully cleared the same module more than once, then only
one of those attempts of that particular module will be considered for the NCMP
certification.
• In case a candidate is found to be eligible for more than one level, then only the
certificate for the highest level will be issued to the candidate. (For example: As
of today if a candidate already holds 7 valid certificates since August 17, 2007,
then he/she will be directly eligible for NCMP Level 3 certification.)
• The NCMP certificates will be given in addition to the usual NCFM certificates
that are issued to candidates.
• The NCMP certificates will be generated on a monthly basis and will be
dispatched in the subsequent month.

For National Stock Exchange of India Ltd

Nirmal Mohanty
Head, SBU (Education)
Re: certifications for profile building - 23-05-2006, 12:11 PM
These are the certifications I know of;

NCFM (NSE). There are a total of 7 independent modules. AMFI is usually considered to be
the easiest, hence usually the first one that students take. There are also equivalent exams by
BSE (BCFM). Almost mandatory in Financial Services sector as everyone seems to crack it.

Certified Financial Planner (CFP). This is a core finance course, but advantage viz-a-viz
CFA/CA/CPA is that its much shorter.

iCISA. Information Systems Audit - for Chartered Accountants.

APICS CPIM/CIRM/CSCP. These are domain certifications in Supply Chain Mgt. The basic
course is CPIM which comprises of 6 modules. Conducted by IMRMI in most Indian metros.
CPIM (or atleast its basic modile) is fairly common amongst MBA students n good b-schools.

ITIL ITSM. Has 2-3 different levels.

Six Sigma. Quality certifications. Hal multiple levels denoted by "belts" - green, black etc

PMI. PMI has two different exams. The CAPM can be taken with lesser work experience.

Financial Markets: A Beginners' Module no need to write this Exam if you have bit
finalcial Back ground but do read its book will help you to understand finacial
teram and give fare idea about it,
write three in this order
- Capital Market (Dealers) Module:
- Securities Market (Basic) Module:
- Derivatives Market (Dealers) Module

re: NCFM Certification Exam - NSE India - 19-03-2008, 01:04 PM

All of u NCFM enthusiasts, feel free to post ur queries.. I hv cleared 12 of the 14
modules, and could be of help..
Broadly, if u are an absolute lay(wo)man, Beginners' Module is recommended to
begin with.. otherwise Securities Mkt Basic Module can be treated as the launchpad,
which would give fair idea of many other modules too.. and then u can think which
one to go for suiting ur career/academic interest..

Down n Out with ur CAT/MBA preps?

Mocks | Results
buck_was Weds cat_clincher
Link to MDI PGPM 2008-10 Batch Yahoo Group

NSE Certified Capital Market Professional

NSE Certified Capital Market Professional (NCCMP) is a professional course in the area of investm
research offered by Lal Bahadur Shastri Institute of Management (LBSIM), New Delhi, in collaborat
Exchange of India Limited (NSE). This is an effort in order to impart expert knowledge and awarene
instruments of the securities market and thereby upgrade the skills and proficiency of the participan
course. This course is designed especially for the students pursuing their career in the area of inves
professionals and Investors etc. The basic educational qualification for joining the course is Gradua
from any recognized university.

Duration of the course

The total duration of the course is 100 hours. This includes 80 hours of theoretical session (some o
delivered by NSE professionals) & 20 hours of practical training (with the trading member of NSE).
over a period of four to Five months. Classes will be held in the evenings and on weekends at Dwa
at R K Puram Campus of Lal Bahadur Shastri Institute of Management, New Delhi.

Course contents
The course contents include the detailed in depth discussion and practical exercises on the followin

• Introduction to Financial Markets

• Derivatives, Trading System
• Macro Economics
• Fundamental Analysis
• Technical Analysis
• Market Operations
• Currency Futures
• Discussions on Financial Newspapers and Journals
• Practical Training
Number of Seats Available
Max 50 students in one batch

Assessment
The overall assessment is based on the Mid term test, End term test and the Project work.

Mid term test and project work to be conducted by the institute. NSE would conduct end term on-lin
will be covered by the institute, practical part by a trading member showing hands on trading, broke
members will also take up lectures out of the 80 hours.

End term Exam - On-line Examinations to be conducted by NSE at the same location where the co
or at a nearby location. Date of Exam shall be finalized by NSE in co-ordination with the respective
same is confirmed no change of dates are possible for any candidate.

Qualifying requisites

1. Securing at least 50% marks in Mid term examination

2. Submission of project work of satisfactory quality
3. Securing at least 50% marks in End term examination

Upon successful completion, the candidate would be issued a joint certificate by the institute and N
would be distributed by the respective institute within a period of one month from the date of course

Certification
The participants will get the Joint LBSIM-NSE Certification after passing the exams.

Course Fee
Rs 12000/ paid at the time of admission. The fee covers the cost of study material (provided by inst
fees, certificate, practical training sessions etc.

Venue and Timings

Classes will be held at Dwarka and R K Puram Campus of LBSIM, The timings of the classes will b
8 pm) or on Sundays as per the choice of Candidate.

Registration
The candidate should contact Prof. Ajay Kumar Chauhan and register by fulfilling the requisite deta
payment of necessary fees by cheque/Draft in favour of LBSIM, payable at New Delhi.

Next batch starts on 8 November 2010

Can anyone please advice me how to go with Capital markets dealer module. i have my exam
on 13th morning. before this, i took financial markets: basic module in which i got 94% but
that was becoz it was way too easy.

This one is bit tough. Can anyone please give me some directions as to how i can prepare in 1
week
Thanks
Ankit

Thanks,

Ankit Arora
XLRI GMP batch 2010- 2011

ow did I miss this topic.. Well I'm an Comp engg, but have gr8 interest in Fin.. I have
completed 4 modules from NSE:
AMFI-Mutual Fund (Advisors) Module 92.5
Derivatives Market (Dealers) Module 87.5
Securities Market (Basic) Module 83.5
Financial Markets: A Beginners' Module 89.0

Fire any questions pertaining to this module or the Capital markets (dealers) module.. I have
studied this book but yet to give this exam..

Cheers
- Ajay

NMIMS 2009-11
NMIMS Blog

CFM certifcations are a favorite among the B-School crowd. They are cheap, easy to
crack and the modules are independent. In the Financial Services industry they
are a legal requirement. For example, AMFI is mandatory for all in a MF/AMC.
However, I am not sure if they are 'recognised' in the IT world as such. But all in
all they are a sound investment for every B-schooler.

wrt ERP, I would advise everyone to stay away from shops providing "Free ERP
Training + Project for Rs 9,999 Onlee" type of institutes. They wont add value to
you, as every large IT co trains its freshers from scratch. The Siemens
certifications is the best, but go for it if your company funds it.

APICS is a good way to go for

 NCFM certifications are useful...esp if u r from an engineering background..it ll
give u an idea abt the markets,financial instruments n stuff....folks try for
NCMP(NSE certified market professional ) u get that when u ve done 3 or more
courses and it has no validity...i.e it is valid even if ur nse certificates get
expired....i have done 3 courses
1. Capital markets dealers module
2. commodity market dealers module
3. AMFI mutual funds advisors module
but unfortunately i need to do 1 more course to get NCMP
they are considering the AMFI mutual funds basic module but not the advisors

module for NCMP

cleared capital market,currency derivative,security market and derivative market.

And now is it wise to appear for equity research or should i complete any other
module for that?
However i am in my 7th semester of electrical engineering.
...so not a good financial background except NCFM exams.
Why FMS Delhi merged the MBA-FT and MBA-MS programs
by Apurv Pandit on 08 December 2010
in Admissions 2010-11, FMS Delhi, What's new at b-schools
47 comments

In an interview with PaGaLGuY.com, the Dean of the Faculty of Management Studies

(FMS), Delhi UniversityProf Kuriakose Mamkoottam describes the curriculum revamp
that FMS underwent in 2010, plans for the new FMS campus and why he believes the day-
system of placements does not serve the goals of either students or companies.

How has FMS Delhi evolved in the recent years? What new things are you planning
to put in place before the incoming batch of 2013 joins?

In the last couple of years, my singular focus has been on academics. I have also tried to
improve the infrastructure. I have managed to update the syllabus and make it as latest as
possible. We have made structural changes in the MBA course in the sense we have
increased the internal assessment component to 50% of the total grade which is a very
major thing in a university system. It’s been very meticulously structured in the sense that
students will be evaluated on predetermined and informed criteria. There is a pronounced
and declared emphasis on academic activities and class participation. After all it is a
regular fulltime course and even though students will be encouraged to participate in
extra-curricular activities or competitions, it will not be at the cost of the classroom. Our
focus is to improve the amount and quality of interaction in the classroom.

We have also merged the two fulltime courses (MBA Fulltime and MBA – Management of
Services) together. We had created MBA-MS some years ago keeping the possibility of
developing a niche program for a niche market. But our experience was not as we
expected. We had no disappointment, but the targeted students and corporates were not
able to distinguish its special features and respond to them. But as a result of the course,
we were duplicating our administrative processes right from recruitment to classroom
teaching to placements and examinations. But neither the students nor the recruiters were
keen discernes of the program. So we took a decision to merge the two programs together
into a single fulltime MBA. So we’ll be recruiting 226 students in one batch this year which
we hope to divide to three sections for imparting classroom learning.

MBA-MS was run from the South campus of Delhi University whereas the MBA
Fulltime was run from the main North campus. Will the integrated batch study from
one campus or two campuses?

At the moment we don’t want to make a committed statement. We’ll have to look at the
logistics and take a decision, which we’ll take in due course because there is still time
before the new batch joins us from July 1. We would like to integrate them to the extent
that logistics permit us, but I wouldn’t like to make a statement yet.

Does the North campus have the capacity to accommodate 226 students?

Well, we are really stretching out (laughs). We’re using every inch of the space. I have
also made all efforts to increase the existing space, expand it to the limit possible, make it
usable in terms of comfort, air conditioning and so on. Even to the extent of, with great
difficulty, installing an external elevator so that the physically handicapped can move from
floor to floor in the three-floor building. With that, if the need be, we should be able to
accommodate all in the north campus.

Are there plans to expand the infrastructure beyond what you already have?

Yes, we have a new building sanctioned. The money and location have been sanctioned
and the plan is approved. It’s a question of the construction taking off. In the meantime,
the (Delhi) university’s top level administration has changed and the new team is going to
be in place soon so we hope things will start moving. The new campus will be in the South
campus of Delhi university, at more or less the same location as the existing FMS facility
in the South campus. We have a 12,000 sq-m space there so once the four-floor building
is constructed, we will move the entire FMS out of the North campus to there.

Will there also be hostels dedicated to FMS?

The university policy is such that they don’t give dedicated hostels to any particular
department. But as part of the larger university plan there will be augmentation of the
hostel facilities in the entire South campus.

How many faculty members does FMS have now and how are you looking to ramp it
up?

Right now, three new faculty have joined us and that has taken our total number to 33.

Which functional area is your strongest area in terms of faculty?

We are more or less balanced. I won’t call any one particular area strong or weak but we
have huge deficiencies in the total number of faculty considering the number of programs
we run and the number of students we are recruiting now. We are not able to find people.
There is, as in all b-schools, a huge scarcity (of faculty). But we are able to stretch out and
with the help of some select visiting faculty, we are able to manage.

How many faculty members would you need to sustain your growth?
With the given trend, at 45-50 faculty members I think we should be alright. Of course, we
won’t have the luxury of teachers being given a semester off wherein they can do their
research and so on. But we should be able to manage.

Are there any curriculum changes in the pipeline for the MBA fulltime?

At the moment our fulltime program is fairly updated. The process of updating is a fairly
tedious process. We update the curriculum and take it to the university academic and
executive councils where it has to get passed. But other than that, on a regular basis, all
our faculty imparts whatever is the latest possible in their individual field. Every teacher at
his or her level makes reasonable changes within the broad parameters of the syllabus
approved by the university. But the major structural changes happen only once in 3-5
years as a major exercise.

When did it happen last and what were the salient features?

It happened just now, for the batch that joined in 2010. In the changes, we have included
new papers (courses) in all the functional areas based on what is happening in the world.
More importantly, we have added a couple of compulsory papers, one on Corporate social
responsibility and another on Corporate governance. Other than that we have made the
number of electives larger in the fourth semester. As a result now they would be doing
eight papers in every semester. We have also added something called ‘contemporary
issues’ wherein any faculty member can announce a paper he or she wants to offer at the
beginning of the year, after it is whetted out in the teachers’ meeting and sought approval
of from the university. So even if it is not in the syllabus, it can be added. Additionally, the
service sector courses have been made as electives in the fulltime course. We have
brought a whole stream of electives in entrepreneurship in too.

How relevant are three-year part-time MBA programs such as those offered by FMS
Delhi given the rise of 1-year executive MBA programs?

Yes, we are looking at the part-time program’s duration given that the duration of three
years is too long and given the current mobility of executives. We are also looking at the
option of a 1-year executive MBA. But it’s under discussion so I don’t want to say that
anything is final right now. But I’m hoping that this will be reviewed in the next 6 months.

Will the FMS entrance test go online anytime soon?

You see, this year we took the FMS registration completely online. Ultimately I’m sure that
we’ll move the test too online but it has to be a collective decision, given the experiences
of the CAT and the difficulties it faced in the initial year, even though it’s gone well this
year. But I agree that the FMs test has to be online someday, but I can’t say when.

Do you think that sooner or later there will be a consolidation of all the myriad MBA
entrance exams in India into one single test such as the GMAT?

I should imagine so. As a country we need to evolve something like that. You know, even
we are also under pressure from various quarters to join the CAT. But our argument is that
the CAT is associated primarily and solely as an IIM property. I don’t hesitate to say that
we (FMS) are there at the top in the same league as the IIMs. But we don’t want to be
known as among ‘IIMs and others’ (by joining the CAT). But the moment the IIMs, FMS,
XLRI Jamshedpur and similar institutes come together or an independent body in the
model of the GMAC (the body that owns GMAT and was created by a consortium of top
US b-schools) comes in, I think that a single test is the best thing to happen. You know,
administering the FMS is a tremendous and gigantic energy and time-consuming process
which nobody really wants to do. But the fact is that there is a certain historical legacy we
are all inheriting and for an institution like FMS, it is not easy to suddenly give it up and
join somebody else. But certainly if there is a unified and neutrally managed and nationally
acknowledge single test, I think that is the best thing to happen.

Some of the country’s top b-schools are experimenting with the placement process
or are changing the process from a day-based process to a rolling process. What is
your opinion of this transformation and going forward, do you see FMS reviewing its
process too?

I will not hesitate to say that I am not happy with the current placement process. I myself
have handled placements in the 1990s for many years and we’ve done well. We still do
exceedingly well but I somehow feel that the whole placement process has turned the
entire attention of students towards only getting a job. Anywhere you see in the world, the
entire student attention is driven towards placements which in my mind is not a great
thing. I don’t know what will replace this. but what is currently happening is neither good
for the company nor for the student. It’s a process wherein the decisions are hurriedly
taken under pressure and they are not the right decisions in my opinion. Placement is like
marriage in my opinion. You’re joining a company you want to spend a reasonable amount
of time with so both the student and the company should spend a good amount of time
with each other. But if you look at the turnover in the first year of the jobs after
placements, you can see that the company has not been able to make a correct decision. I
do wish our mechanism changes so that this day pressure, the ‘day 1’, ‘day 0’ and ‘day -1’
(laughs) which creates hierarchy among students and companies goes.

I believe that there are many students and companies which are very similar to each other,
and so there is very little to choose from. So the placement process ends up creating
company hierarchies based on salaries, which does not help in matching what the student
is good at to what the company has to offer. And adding the pressure from the peer group,
parents and relatives to get the best paid jobs, the system is not working out the way
should be. Placements are taking too much time away from the students and the institute.
It makes things too simple for the companies — they just walk into the campus, do their
processes in a couple of hours and get who they are looking for. However placement
decisions should be a little more deliberate and elaborate with more time given to both the
student and the company. Then the media has also exaggerated the whole thing in terms
of assessing a campus through its placements.

What do you think of diversity of educational backgrounds in MBA classrooms and

of b-schools that are experimenting with their admission criteria to admit fewer
engineers?

I firmly believe that a work organization should reflect the society outside. But you find that
the engineer-MBA combination is dominating corporates. This was the case in the US too
a few years ago, but it has now been corrected. In every top US b-school you will find that
the engineer component is less than 50%. But here unfortunately we get more than 80%
engineers. We wish to correct it and we consciously make attempts to ensure that non-
engineers do come in. This year, the engineering component at FMS has been slightly
lesser than in the previous intakes. The other component we want to seriously increase is
the number of women in the class. If a balance in multidisciplinary composition and gender
takes place at b-schools, it will do a great deal of good for the corporates and society at
large. What are we at FMS doing about it? Well, there is no simple answer to that. Our
attempt is to give equal weightage to all backgrounds and we can’t be subjective and
biased. As you know, the FMS is a test which is open to everyone.
But unlike other b-schools, you own your entrance exam exclusively. Does that not
give you the best possible freedom to change it and make it more non-engineer
friendly?

We do attempt to dilute what is known as the engineering-oriented component in the FMS

test but to be very honest with you, in whatever experiment we have tried, engineers have
again managed to come up. I think the reason for this is the fact that engineers tend to
make it a point that this (getting into a b-school) is what they want. And from first year (of
engineering) onwards, a major part is spent on preparing to get into a b-school. So maybe
they’ve become very competitive in terms of cracking tests. But so far in our own
experience we haven’t gotten the diverse mix we would want to have.

How do you think IIM Rohtak will affect the fortunes of the older and established b-
schools in Delhi?

I don’t think it is going to make any difference at all to us, because the new IIMs are going
to take their own time to grow. They have an advantage of the brand, but I will not hesitate
to say that we also have a brand name, and FMS is not a brand to be dismissed. We’ve
always had students who’ve gotten IIM admissions and have still decided to join us. So it’s
not that anybody who gets any IIM is going to go there. The new IIMs will take their own
time to establish their reputation and corporate connections. So far, we have that
advantage and we hope we will only strengthen it.

Do you think IIM Rohtak will make hiring and retaining faculty more challenging for
you?

It will, but I’ll tell you something. University departments such as those of Delhi university
have the least turnover. Once somebody joins the university of Delhi as faculty, you’ll
hardly find them leaving it. Additionally, we have the advantage of being located in Delhi.
It’s a huge advantage from the point of view of faculty. They have all the facilities,
avenues for their children’s education and a whole lot of other things.