About CEM Certificate

What is NCFM?In the year 1998, National Stock Exchange introduced a facility for testing and certification of Financial Intermediaries involved in Secondary Market Services and consultancy, by launching NSE's Certification in Financial Markets (NCFM). This certification was introduces mainly to protect investors interest in this quickly growing and changing Financial Market dynamics. Today NCFM has become the need of the Financial Market with a view for protecting interests of investors in financial markets and more importantly, for minimizing risks of losses arising out of deficient understanding of markets and instrumentsWhy do I need to take this test?If you are looking to join Financial Planning and consultancy as a career, then you might require buying or selling equity stocks / shares for your customers. For doing so, you will require a Secondary Market Sub Broker ship or Associate ship. While applying for sub broker ship or associate ship through any main Broker, you need to have a NCFM certification as minimum criteria.How can I take up the test?NCFM is an online testing system. It tests the practical knowledge and skills required to operate in the financial markets. The test result is reflected immediately after the completion of the test paper.Where can I take this test?The Test is offered through the Internet to enable candidates outside the designated test centers to take tests at their convenience. The test is conducted everyday on week days (except on Exchange specified holidays) at all six NSE centers viz., Mumbai, New Delhi, Kolkata, Chennai, Hyderabad and Ahmedabad. Such tests are also offered from any other location in India, if there is adequate demand for the same. Click here for the test centers Addresses (http://www.nseindia.com/content/ncfm/ncfm_testcentres.htm) How many papers or modules are there in NCFM Test?NCFM currently tests expertise in 16 modules1. Financial Markets: A Beginners' Module2. Securities Market (Basic) Module3. Capital Market (Dealers) Module4. Derivatives Market (Dealers) Module5. FIMMDA-NSE Debt Market (Basic) Module6. NSDL - Depository Operations Module7. Commodities Market Module8. AMFI - Mutual Fund (Basic) Module9. AMFI - Mutual Fund (Advisors) Module10. Surveillance in Stock Exchanges Module11. Corporate Governance Module12. Compliance Officers (Brokers) Module 13. Compliance Officers (Corporates) Module 14. Information Security Auditors Module (Part-1)Information Security Auditors Module (Part-2)15. Modules of Financial Planning Standards Board India16. Investment Banking Analyst ModuleHowever it is not necessary for you to take all these tests. Some of these modules have regulatory sanctity. For example,It has been specified by SEBI that all brokers/dealers and sales persons in the derivatives market have to mandatorily obtain certification. Derivatives Core Module of the NCFM has been recognized by SEBI for the purpose.In order to improve the level of knowledge of market participants, only persons who have passed Capital Market (Dealers) Module of the NCFM are authorized to use the trading system of the National Stock Exchange.The National Securities Depository Limited has similarly prescribed that all the branches of the depository participants must have at least one person who has qualified the NCFM module on Depository Operations.SEBI recommends Surveillance Module for the officers working in surveillance departments of stock exchanges.SEBI has made it mandatory for all mutual funds to appoint agents/distributors who have obtained certification in AMFI-Mutual Funds Modules. The existing and new employees of mutual funds, particularly those who are involved in sales and marketing, are encouraged to pass the certification in AMFI-Mutual Funds Modules.Any minimum qualification for NCFM ?No formal educational background is necessary for registration to the NCFM programme. Nor is there an age requirement. However, candidates are expected to be numerate and comfortable with written English.From where can I get the Registration Form?In case you are interested in taking up the NCFM Test, you can download the application form from the download section of our website, or else click here(http://www.nseindia.com/content/ncfm/ncfm_regforms.htm). You may enroll for the chosen module by filling up part-II of the said form. The details regarding the test center, date and time of test will be informed to you later What are the exam dates and when is the next exam due?There is absolutely no deadline or exam dates. The candidates are registered / enrolled throughout the year.How to prepare for the test?On submission of the prescribed form along with the test fees, you will receive study material for all modules except for Mutual Fund Modules. The study material for Mutual Funds Modules is available separately through AMFI. However all registered user of Infyrupee .com will get a special preparation tips and guidance so as to easily qualify for the test. We also would arrange for the test at your local center if the desired number of candidate applies during a periodWhat is the type of the test …objective or explanatory?The NCFM Tests are completely objective with negative marking system on wrong answers How long is the Certification valid?The certificate remains valid for 5 years from the date of the test for all modules except Derivatives Core Module and Commodities Market Module. In case of Commodities Market Module the certificate remains valid of 3 years. In case of Derivatives Core Module, the certificate remains valid for 3 years, which can be extended to 5 years by undergoing a prescribed and approved refresher course. This ensures that the candidate continuously updates his knowledge and skill. How many times can I appear for the test?You may reappear for the same test to improve your scores by seeking fresh enrollment in the same module for any number of times.What is the Fee Structure for the Test?A candidate is required to pay a one-time fee of Rs.200/- (currently exempted) at the time of registration. He is also required to pay Rs. 1000/- for each test at the time of enrollment for all modules except for Commodities Market Module. In case of Commodities Market Module the candidate requires to make a payment of Rs. 1200/-. If desired by the candidate, test scores are reported for the first time free of cost to the desired person. Every subsequent score reporting requires payment of Rs. 50/-. Duplicate certificate is issued at a fee of Rs. 200/-.Here's a quick recap of the fees:Registration FeesRs. 200/- (currently exempted)Enrollment FeesRs. 1000/- for each enrollment except for Commodities Market Module. In case of Commodities Market Module. the enrollment fees is Rs. 1200/- per test.Score ReportingFirst report of scores to any person after the test is free.Rs. 50/- for every subsequent request for score reports.Duplicate CertificateRs. 200/- for issue of duplicate certificate.The fees are payable by demand draft only. The demand draft is payable at respective test centre and should be drawn in favour of ‘National Stock Exchange of India Ltd.’ Fees once paid shall not be refunded. For all enquiries/help regarding the NCFM programme, post your queries at abhinesh.k@infyrupee.com or join our expert chat room under Infy Distributors Club for online clarificationsWhen and where to submit registration form and collect study material?You may deliver the form for registration/enrollment, complete in all respects, to any of the NSEIL offices with information to Infyrupee via E Mail. The test date will be confirmed to you directly from NSEIL Office and the study material will be sent to you by courier.However, if you are interested to have a confirmed test date and want us to deliver you the study material, kindly send the Test registration form to Infyrupee Noid