RARE Academy

Category: ncfm

  • NCMP – NSE Certified Market Professional – For Proficiency In Financial Markets

    What is NSE Certified Market Professional ?

    National Stock Exchange of India, has introduced NCMP (NSE Certified Market Professional) certifications in August 2009.  This is to reward candidates of NCFM to better demonstrate their skills and knowledge in various topics of financial markets.  Before this there was no proper way for a candidate of NCFM to show their achievement.  NCMP fulfills that deficiency and gives successful candidates of NCFM exams to give an edge to their resume?

    What are the various levels of NCMP Certification?

    At the time of introduction of this certification, only 4 levels were available.  The highest level was Level 4 for candidates who have passed 9 or more NCFM modules from selected exams. In 2011, NSE started giving NCMP Level 5 certification for candidates who passed 11 or more unique NCFM modules.  The list of eligible NCFM exams were only 9 at the time of introduction of NCMP with only 4 levels.  But at present candidates can get these certifications by passing NCFM certifications out of 7 Basic modules (Although candidates pass more than 2 basic modules, only 2 are considered for awarding NCMP Levels of 2 and above. The limit is only one basic module for Level 1 of NSE Certified Market Professional Certification).

    Various Levels of NSE Certified Market Professional

    NCMP Level 1 3 – 4 modules
    NCMP Level 2 5 – 6 modules
    NCMP Level 3 7 – 8 modules
    NCMP Level 4 9 – 10 modules
    NCMP Level 5 11 or more modules

    What are the eligible NCFM modules that qualify for NCMP Certification of NSE?

    At the time of writing this total 31 NCFM modules are eligible for award of NCMP certificate.  One can be awarded maximum of NCMP Level 5 by passing 11 or more modules out of the below list. This can be achieved by either writing a maximum of 2 basic and 9 other modules or by taking 11 other modules. The certificates are generated on monthly basis by NSE for eligible candidates.  At the time of generation of these, only Valid (Not expired) NCFM modules will be taken into consideration.  Also only unique certifications are counted for this purpose.  For example one can not get Level 1 certification by passing same NCFM module by passing same one 3-4 times.  They must be unique.

    Sr. No. Name of Module
    BEGINNERS MODULES
    1 Financial Markets: A Beginners’ Module
    2 Mutual Funds : A Beginners’ 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 Clearing Settlement and Risk Management Module
    OTHER MODULES
    1 Back Office Operations Module
    2 Banking Sector Module
    3 Capital Market (Dealers) Module
    4 Commodities Market Module
    5 Derivatives (Advanced) Module
    6 Derivatives Market (Dealers) Module
    7 FIMMDA-NSE Debt Market (Basic) Module
    8 Financial Market (Advanced) Module
    9 Fundamental Analysis Module
    10 Insurance Module
    11 Investment Analysis and Portfolio Management Module
    12 Macroeconomics for Financial Markets Module
    13 Merger & Acquisitions Module
    14 Mutual Funds (Advanced) Module
    15 NSDL–Depository Operations Module
    16 Operations Risk Management Module
    17 Options Trading (Advanced) Module
    18 Options Trading Strategies Module
    19 Project Finance Module
    20 Securities Market (Advanced) Module
    21 Securities Market (Basic) Module
    22 Technical Analysis Module
    23 Wealth Management Module
    24 Venture Capital and Private Equity Module

    What is the Validity Period of NCMP ?

    Although, NCFM modules have validity period of certifications offered, NSE Certified Market Professional Certifications do not have any validity period.  For example if one manages to get 11 or more NCFM modules and get NCMP level -5 certification, it will be valid for life time. They are issued free of cost and they are in addition to usual NCFM Certifications.

    Before making NISM modules mandatory for employment in various roles of financial markets, NCFM certifications were most prominent option for most candidates.  It was due to their centers availability all over India and wide industry recognition.  But with the introduction of various NISM modules, they lost the advantage.  Still there are many innovative and industry required NCFM modules are available for candidates which are not available in NISM.  It will be better to select NISM modules if available for the subject matter or else one can choose NISM modules.  For example, one has to take NCFM module of option trading strategies or option trading strategies advanced module, if one has to demonstrate their domain knowledge in options trading.

    One may check nseindia for latest updates, if any.

     

     

  • What is NCMP -NSE Certified Market Professional And NCMP Levels

    NSE Certified Market Professional (NCMP) certificates are issued by National Stock Exchange of India.  NSE issues these NCMP certificates to the candidates who successfully pass NCFM Modules.  One must pass minimum 3 modules to get NCMP – Level 1 certificate.  There are total 5 levels in NCMP or NSE Certified market professional.

    There is no separate test or examination or program for this purpose.  NCMP concept is introduced by NSE to reward finance professionals with more NCFM certifications. These ncmp levels 1-5 helps candidates to show their skills in finance domains.

    Levels in  NSE Certified Market Professional -NCMP

    Candidates with selected valid ncfm certificates are eligible for ncmp certification.  Passing three valid modules will be awarded with level 1.  Passing 11 or more modules will give eligibility for level 5, which is highest ncmp level at present. Below are the details of various ncmp levels and modules to be passed to get certificate for that level.

    Level 1 3 – 4 modules
    Level 2 5 – 6 modules
    Level 3 7 – 8 modules
    Level 4 9 – 10 modules
    Level 5 11 or more modules

    For counting the passed modules only certificates which are valid are counted. It means if any passed ncfm modules are time barred and not valid then they will not be counted towards ncmp certification eligibility.  Further, each module is counted only once. It means one module is counted only once for this purpose.  In other words, if a candidate passes same module more than once and is valid, it is counted as passing one module for this purpose.  This is to avoid misusing the system of passing easier module more than once to reach higher levels.  It gives credibility to ncmp certifications as higher levels indicate vast domain knowledge in finance markets.

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    There can be occasions when one reaches a higher level by skipping some intermediate ones.  This happens due to the time taken by NSE to award these certificates.  NCMP certificates eligibility is checked on monthly basis.  Highest possible level is awarded at the time of issuing the certificate.  For example if a new candidate for ncfm passes 5 modules in 2-3 days time, he will be given Level 2 certification directly without level -1 as at that time it is his highest eligible one.  If you are planning to have certificates for all levels, its better to give some gap between these modules.  This will help to have all ncmp levels certificates get issued.

    As can be seen NSE conducts so many ncfm modules ranging from basic to advanced.  For awarding ncmp certification there is restriction on how many beginner modules one can include for it.  For level 1 only one beginner module is considered. For level 2 to 5, a maximum of 2 beginner level modules are considered.  However there is no such restriction on other modules.  One can reach level 5 even without writing any beginner module.  As mentioned earlier all modules are not considered for awarding ncmp certification by NSE.  Follwing are the Eligible modules for this purpose.

    Sr. No. Name of Module
    BEGINNERS MODULES
    1 Financial Markets: A Beginners’ Module
    2 Mutual Funds : A Beginners’ 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 Clearing Settlement and Risk Management Module
    OTHER MODULES
    1 Back Office Operations Module
    2 Banking Sector Module
    3 Capital Market (Dealers) Module
    4 Commodities Market Module
    5 Derivatives (Advanced) Module
    6 Derivatives Market (Dealers) Module
    7 FIMMDA-NSE Debt Market (Basic) Module
    8 Financial Market (Advanced) Module
    9 Fundamental Analysis Module
    10 Insurance Module
    11 Investment Analysis and Portfolio Management Module
    12 Macroeconomics for Financial Markets Module
    13 Merger & Acquisitions Module
    14 Mutual Funds (Advanced) Module
    15 NSDL–Depository Operations Module
    16 Operations Risk Management Module
    17 Options Trading (Advanced) Module
    18 Options Trading Strategies Module
    19 Project Finance Module
    20 Securities Market (Advanced) Module
    21 Securities Market (Basic) Module
    22 Technical Analysis Module
    23 Wealth Management Module
    24 Venture Capital and Private Equity Module

    Out of 7 beginner modules maximum two are considered. One can reach level 5 by writing any 11 or more from 24 other modules too.

    I am ncmp level 4 qualified and at present not writing any more modules.  Some new and interesting modules like Venture Capital and Private Equity Module are introduced recently, which I may consider to take in future.  NCMP certification is a good way to show your skills in finance domain.

  • Difference Between NISM Certification and NCFM Certification?

    One of the most confused topic for new people looking for career in securities market is what is the difference between NISM Certification and NCFM Certification?  Before the establishment of NISM NCFM certification was very popular.  Even today most people think NCFM certifications have same validity as earlier.  But NISM was established by SEBI for conducting the mandatory financial certifications to be acquired by market participants.  This has diluted the importance of NCFM offered certifications.

    Free NISM VIII Equity Derivatives Mock Tests

    Another difference is Number of test centers NSE has established all over India through its subsidiary nse.it for conducting these examinations.  Although NISM does not own many testing centers, it uses these centers of NSE, BSE, MCX-SX and some other institutes.

    NCFM (NSE Certification For Financial Markets) have many more modules to test one’s knowledge.  It has many certifications to cover most of the skills required for working in BFSI Sector.  Although, NISM has some non-mandatory certifications, most of the certificates it offered or mandatory in nature and carry authority of SEBI to enforce the requirement of these certifications.

    The main difference between NISM certification and NCFM certification is, NISM has authority of market regulator SEBI behind it.  It can mandate a particular certificate for associated persons dealing with a particular security market activity.  NCFM is an educational and training arm of National Stock Exchange of India(NSE).  And now its certifications offered under NCFM are optional in most of the activities of securities markets in India.  They can be pursued to test one’s knowledge in that particular domain.  For example NCFM Certification in Technical Analysis is not mandatory to work in securities market.  But completing this technical analysis module exam gives additional value to candidate’s resume.  It can give an edge if attending for an interview for a job involving technical analysis.

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    NSE has come up with some innovative ideas in promoting their certifications.  They have introduced proficiency certifications for candidates who passed a particular set of exams which are mostly theme based.  Also NCMP (NSE Certified Market Professional) is an good idea in which they have level 1 to level 5 for candidates who passed selected modules.  For example to get level 1 one must pass 3-4 NCFM modules out of the modules specified for this purpose.  NCMP Level 5 is highest at present that is awarded to candidates with 11 or more modules .

    If the purpose is just go get a entry level job one may go for NISM certificate in that particular area.  For students looking for a job as equity dealer one must pass the exam offered by NISM for this purpose.  NCFM otherwise gives more options to test one’s knowledge and give more value to one’s resume which can be added advantage while attending for interviews in BFSI sector.

    Rather than looking at difference between NISM Certifications and MCFM Certifications, think of how both of them complement job prospects.  NCFM has professional reputation for its certifications and most companies accept them as a certificate endorsing the skill in that area.  Its a good idea to complete mandatory NISM certifications and some selected NCFM certifications which are of your interest.

    Free NISM VIII Equity Derivatives Mock Tests

  • NISM Training Institutes In Guntur | NCFM Coaching

    RARE Academy is one of the best training institutes in guntur, Andhra pradesh.  RARE academy is established with an aim of providing much needed skills for candidates looking for a career in financial sector.  Our coaching for nism certifications and ncfm training is not limited to curriculum for the module.  We put more stress on the practical application of the knowledge for the particular certification.  In recent skill survey  studies carried out on many college students of various streams, it is found that most of the pass outs do not have employable skills.  This is one of the most common issues faced by students while attending interviews.  Lack of skills often result in denying of jobs.

    NISM Training Institutes in Guntur

    RARE Academy, 3/7, Brodipet, Guntur – 522002

    We focus on required skills for performing the jobs.  For example, we provide practical training for all the students who undergo nism series viii certification for equity derivatives module.  The practical training includes all the daily routine one is expected to do while in job as terminal operator. Most fundamental mistake most candidates do is just pass the exam and get certified without any practical knowledge.  NISM Certification or NCFM certifcates can take one for interviews for the job but without practical knowledge its very hard to get a job.

    Our practical training includes hands on practicals in our computer lab on trading terminals, technical analysis software, back office operations etc.,  Although passing one NISM exam may be enough to get a job one needs to know more than the subject matter for the exam.  Many times candidates need to answer clients with questions which are not part of the certification.  For example if some one passes derivatives module, the same person may need to place orders for cash (capital market segment) too.  But most people are not competent enough to deal that segment.  The problem is that Both NISM and NCFM certifications are too modular in nature.  We take a holistic view of trading operations and teach what is need to be known by the candidates to deal with their clients.

     

    Our approach in training is a fusion of theory and practicals.  Its our belief that equipping a candidate well to deal with clients requires a focus both on practicals and theory.  Our classes are conducted in highly interactive manner to allow students of our NISM training institutes in guntur to get the best out of the training.

    We DO NOT offer job guarantee nism courses or ncfm courses.  In fact, we project our nism training classes and ncfm certification courses as skill improvement, career oriented programs.  We do not offer them as instant job offering courses.  Some candidates often ask for job guarantee with our NISM certification training too as some others are advertising for it.  But as insider in the industry, we know the limitations of such offers.

    Most people think without such assurance there is no use of joining training institute for NISM or NCFM coaching.  But these certifications will give edge for students in finance domain while attending interviews.  These financial certifications show that the candidate has domain knowledge and more importantly to learn and improve skills in the field of study.

    We are committed to offer quality training for NISM and NCFM for students and other professionals in and around Guntur and Vijayawada.  Training is provided by highly qualified finance professional with impeccable knowledge and experience at practical level.  Our Chief Trainer is a CFA from ICFAI, practicing Certified Financial Planner with NSE Certified Market Professional (Level 4) Certification.  He is also NISM empanelled trainer for CPE programs.  If you are looking for a career in financial markets with NISM or NCFM certifications, we invite you to visit our institute to experience the difference with other similar institutes.  We assure you best training and provide an edge while looking for a job.