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National Stock Exchange (NSE) is the leading stock exchange of India, located in Mumbai, established in the year 1992, as the first demutualized electronic exchange of the country. NSE, through its modern, fully automated screen based electronic trading system was able to easy the trading facility offered to its participants. With passage of time, NSE has become an integral part of the securities market & a leading exchange of the country.

What is NCFM?

NSE’s certification in Financial Markets (NCFM) is an online skills & certification program to enhance knowledge & skills amongst various participants of the securities market. Before the setting up of NISM, NCFM certifications were the corner stone of the minimum benchmark knowledge in the securities market. Moreover, all the employers made sure that their employees had cleared the necessary NCFM certification, relevant to their job role. The same was also the situation for “would be” employees.

These certification modules are divided into three broad categories including Foundation, Intermediate and Advanced, catering to students and professionals with varying levels of expertise in different knowledge areas. Each module deals with a certain specific area of finance domain and introduces students to fundamental principles and methodologies involved depending on which broad category that specific module comes under.

Exam Dates: Students can enroll online for a certification module of their choice and schedule the exam around the year.

Exam Eligibility: There are no special eligibility criteria to enrol for these NCFM modules except for fluency in English and basic computer literacy. Apart from that, no knowledge or experience in the financial sector is required to sit for these exams.

Certifications offered under NCFM

NCFM certification offers various subjects in the field of finance, ranging from

1.       NCFM modules

  • Foundation (12 certifications)
  • Intermediate (26 certifications) &
  • Advanced (12 certifications)

2.       Proficiency Certificates

  • NSE Certified Derivatives Pro (NCDP)
  • NSE Certified Derivatives Champion (NCDC)
  • NSE Certified Investment Analyst Pro (NCIAP)
  • NSE Certified Investment Analyst Champion (NCIAC)
  • NSE Certified Market Professional (NCMP)

3.      NSE’s Capital Market Aptitude Test (NCMAT)

4.      NSE Certified Capital Market Professional (NCCMP) & Online NSE Certified Capital Market Professional (E – NCCMP)

5.      Post Graduate Courses are offered by NSE through collaboration with various universities (8 courses)


1. Who can join 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.

2. How to join NCFM?

One can join NCFM by registering himself for the programme by filling up part-I of the prescribed registration form. The candidate 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 are informed to the candidate. 

3. Is there any deadline for taking the test?

Yes. Test fees are valid for six months from the date of payment. Candidates need to enroll for the test(s) within six months from payment of fees.

4. Is it necessary to take test of all modules of the NCFM?

No. A candidate can seek testing and certification in any module of his choice.

5. When and where to take the test?

The test is conducted everyday on week days (except on Exchange specified holidays) at all six NSEIL offices 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.

6. How long is the Certification valid?

The certificate remains valid for 5 years from the date of the test for all modules EXCEPT Derivatives Market (Dealers) Module, Commodities Market Module, Information Security Auditors Module, AMFI-Mutual Fund (Basic) Module, Risk Analysis & Insurance Planning Module, Retirement Planning & Employee Benefits Module, Investment Planning Module and Tax Planning & Estate Planning Module.

7. Can I postpone the Test?

Once a test date and time slot have been allotted, the test can not be rescheduled. You may seek fresh enrollment.

8. How to take the test?

On arrival at the designated test centre on the specified day, the test administrator verifies identity of the candidate and grants him access to the test terminal. In case of online enrollment, candidates are required to bring hall ticket with their photograph duly affixed on it alongwith photo id proof (as mentioned on the hall ticket) which is verified by the test administrator before allowing the candidate to take the test.

9. Does Testprep Training offer Money Back Guarantee for the Exam Simulator?

Yes, we offer a 100% unconditional money back guarantee. In case you are not able to clear the exam for then, you can request for the full refund. Please note that we only refund the cost of product purchased from Testprep Training and not the AWS Certification Exam cost.

10. Is there any assistance from Testprep Training in terms of exam preparation?

Yes, Testprep Training offers email support for any certification related query while you are preparing for the exam using our practice exams. Your query will be handled by experts in due course.

11. Can we try the free test before purchasing the practice exam?

Yes, testprep training offers free practice tests for AWS Certified Advanced Networking Specialty which can be used before the final purchase for a complete test.

12. Do you provide any preparation guidance for this certification exam?

Yes, our experts frequently blog about the tips and tricks for exam preparation.

13. Do you offer any discount on the bulk purchase?

Yes, we offer nearly 50% discount for the order more than 10 products at a time. You can reach the testprep training Helpdesk for more details. The member of the support staff will respond as soon as possible.

14. For how long is the license valid after purchase in Testprep Training?

Once purchased, the practice exams can be accessed for the lifetime.