NCFM Modules - NCFM Foundation, Intermediate, Advanced Courses List
NCFM Modules - The NCFM course which stands for NSE Academy Certification in Financial Markets includes three modules which are the foundation module, intermediate module and advanced module. These three NCFM modules together constitute the NCFM certification which is proof of one’s skills and knowledge about different aspects of the financial markets. There are no specific NCFM eligibility norms and the NCFM courses are open to anyone. Interested learners can complete NCFM Modules through an online NCFM login id and password which they receive at the time of NCFM registration. Using the NCFM login credentials they can access their personal NCFM account and make online payments, access NCFM study material and enrol for NCFM tests at the designated test centres of their choice. Given below in this article are the details of each NCFM module.
NCFM Foundation Module
As the name suggests, the NCFM foundation module is meant for beginners to introduce them to the basic concepts in the area of banking and insurance and finance. The cost of each of the courses is Rs.2006 as fixed by the NSE academy.
Given below is the NCFM course list that contains a brief overview of the course content in each of the NCFM module.
Sl No. | Module Name | Course Content | Test Pattern |
1 | Financial Markets Module |
| No. of Questions: 60 Max Marks: 100 Pass Marks:50 No negative marking |
2 | Mutual Funds Module |
| No. of Questions: 60 Max Marks: 100 Pass Marks:50 No negative marking |
3 | Currency Derivatives Module |
| No. of Questions: 60 Max Marks: 100 Pass Marks:50 No negative marking |
4 | Equity Derivatives Module |
| No. of Questions: 60 Max Marks: 100 Pass Marks:50 No negative marking |
5 | Interest Rate Derivatives Module |
| No. of Questions: 60 Max Marks: 100 Pass Marks:50 No negative marking |
6 | Commercial Banking in India Module |
| No. of Questions: 60 Max Marks: 100 Pass Marks:50 No negative marking |
7 | Securities Market Module Module |
| No. of Questions: 60 Max Marks: 100 Pass Marks:60 0.25% negative marking for incorrect answer |
8 | Clearing Settlement & Risk Management Module Module |
| No. of Questions: 75 Max Marks: 100 Pass Marks:60 0.25% negative marking for incorrect answer |
NCFM Intermediate Module
The intermediate module is the longest NCFM module containing a total of 21 NCFM courses. The module covers more advanced concepts from the financial market, building on the foundation concepts introduced in the beginner module. The cost of each of the NCFM courses in this NCFM module is Rs. 2006 except the commodities market module which costs Rs. 2124.
Given below is a table containing the ncfm course details and question pattern of the intermediate NCFM module
Sl. No | Module Name | Course Content | Test Pattern |
1 | Capital Markets (Dealers) Module |
| No. of Questions: 60 Max Marks: 100 Pass Marks:50 0.25% negative marking for wrong answer |
2 | Derivatives Markets (Dealers) Module |
| No. of Questions: 60 Max Marks: 100 Pass Marks:60 0.25% negative marking for wrong answer |
3 | Investment Analysis & Portfolio Management |
| No. of Questions: 60 Max Marks: 100 Pass Marks:60 0.25% negative marking for wrong answer |
4 | Fundamental Analysis Module |
| No. of Questions: 60 Max Marks: 100 Pass Marks:60 0.25% negative marking for wrong answer |
5 | Options Trading Strategies Module |
| No. of Questions: 60 Max Marks: 100 Pass Marks:60 0.25% negative marking for wrong answer |
6 | Operations Risk Management Module |
| No. of Questions: 75 Max Marks: 100 Pass Marks:60 0.25% negative marking for wrong answer |
7 | Banking Sector Module |
| No. of Questions: 60 Max Marks: 100 Pass Marks:60 0.25% negative marking for wrong answer |
8 | Treasury Management Module |
| No. of Questions: 60 Max Marks: 100 Pass Marks:60 0.25% negative marking for wrong answer |
9 | Insurance Module |
| No. of Questions: 60 Max Marks: 100 Pass Marks:60 0.25% negative marking for wrong answer |
10 | Macroeconomics for Financial Markets Module |
| No. of Questions: 60 Max Marks: 100 Pass Marks:60 0.25% negative marking for wrong answer |
11 | NSDL Depository Operations Module |
| No. of Questions: 60 Max Marks: 100 Pass Marks:60 0.25% negative marking for wrong answer |
12 | Commodities Market Module |
| No. of Questions: 60 Max Marks: 100 Pass Marks:50 0.25% negative marking for wrong answer |
13 | Surveillance in Stock Exchange Module |
| No. of Questions: 50 Max Marks: 100 Pass Marks:60 0.25% negative marking for wrong answer |
14 | Technical Analysis Module |
| No. of Questions: 60 Max Marks: 100 Pass Marks:60 0.25% negative marking for wrong answer |
15 | Mergers & Acquisitions Module |
| No. of Questions: 60 Max Marks: 100 Pass Marks:60 0.25% negative marking for wrong answer |
16 | Back Office Operations Module |
| No. of Questions: 60 Max Marks: 100 Pass Marks:60 0.25% negative marking for wrong answer |
17 | Wealth Management Module |
| No. of Questions: 60 Max Marks: 100 Pass Marks:60 0.25% negative marking for wrong answer |
18 | Project Finance Module |
| No. of Questions: 60 Max Marks: 100 Pass Marks:60 0.25% negative marking for wrong answer |
19 | Venture Capital & Private Equity Module |
| No. of Questions: 70 Max Marks: 100 Pass Marks:60 0.25% negative marking for wrong answer |
20 | Financial Services Foundation |
| No. of Questions: 45 Max Marks: 100 Pass Marks:50 |
21 | NSE Certified Quality Analysis Module |
| No. of Questions: 60 Max Marks: 100 Pass Marks:50 |
NCFM Advanced Module
As is clear by the name, the advanced NCFM module in the NCFM certification contains very advanced concepts from the financial world. It is the last of the three stages in the NCFM course. Once the candidate obtains the NCFM certification, they will be ready for a career in the finance field. In this NCFM module, there are 7 modules.
The course fees for all the courses in this NCFM module is Rs. 2006 except the Information Services Security Professionals module which costs Rs.11800 and Algorithmic Trading module which costs Rs.7080
Given below is a table containing the NCFM course details and question pattern of this NCFM module
Sl No. | Module Name | Course Content | Question Pattern |
1 | Information Services Security Professionals |
| No. of Questions: 160 Max Marks: 160 Pass Marks:60 |
2 | Algorithmic Trading Module |
| No. of Questions: 100 Max Marks: 100 Pass Marks:60 0.25% negative marking for wrong answer |
3 | Financial Markets (Advanced) Module |
| No. of Questions: 60 Max Marks: 100 Pass Marks:60 0.25% negative marking for wrong answer |
4 | Securities Markets (Advanced) Module |
| No. of Questions: 60 Max Marks: 100 Pass Marks:60 0.25% negative marking for wrong answer |
5 | Derivatives (Advanced) Module |
| No. of Questions: 55 Max Marks: 100 Pass Marks:60 0.25% negative marking for wrong answer |
6 | Mutual Funds (Advanced) Module |
| No. of Questions: 60 Max Marks: 100 Pass Marks:60 0.25% negative marking for wrong answer |
7 | Options Trading (Advanced) Module |
| No. of Questions: 35 Max Marks: 100 Pass Marks:60 0.25% negative marking for wrong answer |
NCFM Study Material
All the NCFM modules have been designed as self learning courses and candidates can take the test throughout the year at the designated centre of their choice. However, to help learners complete the NCFM certification, there is also NCFM study material available that can be accessed by making the required payment through the online NCFM login account.
Learners will either get the NCFM modules pdf study material delivered on the registered email or they can use the e-library section by logging in to the online NCFM account.
In addition tothat learners can also access a few mock test papers that are made available by the nse on their website - nseindia.com/learn model-test. The NCFM modules free download link for these sample papers can be found on the official website.
Frequently Asked Questions (FAQs)
NCFM modules are a compilation of different NCFM courses divided into three segments - foundation, intermediate, and advanced.
The NCFM course is a compilation of 36 modules arranged into three difficulty levels - foundation, intermediate, and advanced. The NCFM certification requires proper preparation with the study material and self learning.
The NCFM test is conducted throughout the year at designated test centres.
The NCFM test for different modules is conducted online and the test consists of multiple choice questions.
NCFM modules are broadly divided into three foundation, intermediate, and advanced. There are 8 courses in foundation module, 21 courses in intermediate module and 7 courses in advanced module.
Yes. Candidates can purchase the study material by logging into their NCFM account.
NCFM is a self learning course. The exams are conducted throughout the year. Candidates can register for any exam after paying the required fee.
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