Not many people are aware of an exam called NCFM exam. The certification in financial markets by NSE or national stock of India is largely known as the National stock exchange’s certification in financial markets or NCFM exam. This exam can be considered as one of the stepping stones in the world of finance. The primary aim of this certification is to create mass awareness as well as to make the finance professionals more knowledgeable and equipped about Indian financial markets.
NCFM Exam Pattern
About the exam pattern- the exam consists of sixteen different modules which are not very difficult to clear. But that does not mean you can take it lightly. Each step is a learning process in itself and as you clear one step, you become more efficient in clearing the next. It not only increases your ideas about the big financial market but tests your ability and commitment in building a career out of it.
NCFM Exam Preparation
Every module needs serious preparation for at least eight to fourteen hours. Though most of the modules come across as an easy to do job, the specific module dealing with new concepts like stock lending and borrowing, intermediately account, back end processes, dematerialization etc. can be a bit difficult to cover as most of the concepts are new. This module is called the NSDL module. So this needs serious preparation.
How to Apply NCFM Exam
However, to appear for NCFM exam, no formal educational background is necessary. There is also no age bar. However, the applicants are expected to have some knowledge about English. They should be fluent and comfortable with both spoken and written English. The remuneration of most of the modules differs from Rs 500 to Rs 1500. The validity of this NCFM certificate is for three to five years. Once the candidate registers by filling up the form the study materials are sent to his address. Otherwise study materials are available on the internet in abundance. Willing candidates can join by registering himself for the NCFM program. What he needs to do is simply filling up the registration form. The details regarding the test centre, date and time of test are informed to the candidate. Test fees are valid for 180 days from the date of payment. Candidates need to enrol for the test within 180 days from payment of fees.
This test is conducted on every weekday.