8/8/2019 fms info

1/12

NATIONAL STOCK EXCHANGE OF INDIA LTD

.

NSEs Certification in Financial Markets (NCFM)

CIRCULAR

Download Reference No. NSE/NCFM/12900

Ref. No: NSE/NCFM/2009/106

August 17, 2009

Sub: Introduction of NCMP certificates

With effect from August 17, 2009, NSE will offerNSE Certified Market Professional

(NCMP) certificates to those who have cleared NCFM modules (stated in Table 1

below) as per the following eligibility criteria:

NCMP Level 1 : 3 4 modules

NCMP Level 2 : 5 6 modules

NCMP Level 3 : 7 8 modules

NCMP Level 4 : 9 or more modules

Table 1 : List of the modules qualifying for NCMP certification *

Sr.

No.

Name of Module

1 Capital Market (Dealers) Module2 Commodities Market Module

3 Derivatives Market (Dealers) Module

4 FIMMDA-NSE Debt Market (Basic) Module

5 Financial Markets: A Beginners Module

6 Mutual Funds : A Beginners' Module

7 NSDLDepository Operations Module

8 Options Trading Strategies Module

9 Securities Market (Basic) Module

* More modules may be added to this list in future. (The updated list of modulesqualifying for NCMP certification can be found at Home>NCFM>NCMP certification.)

This hierarchy of certifications is aimed at enabling the candidates to better

demonstrate their domain knowledge relating to financial markets.

Candidates are requested to kindly take note of the following:

8/8/2019 fms info

2/12

Only valid NCFM certificates (i.e. certificates not yet time-barred) for the

modules stated in Table 1, obtained on or after August 17, 2007, will be taken into

account for NCMP certification. However, the NCMP certificate itself wouldhave no validity period.

At most one Beginners module will be counted towards certification for Level 1

and not more than two Beginners modules will be counted towards certificationfor Level 2 and above.

Only successful attempts fordistinct modules will be considered. In other words,

if a candidate has successfully cleared the same module more than once, then onlyone of those attempts of that particular module will be considered for the NCMP

certification.

In case a candidate is found to be eligible for more than one level, then only the

certificate for the highest level will be issued to the candidate. (For example: Asof today if a candidate already holds 7 valid certificates since August 17, 2007,

then he/she will be directly eligible for NCMP Level 3 certification.)

The NCMP certificates will be given in addition to the usual NCFM certificates

that are issued to candidates. The NCMP certificates will be generated on a monthly basis and will be

dispatched in the subsequent month.

For National Stock Exchange of India Ltd

Nirmal Mohanty

Head, SBU (Education)

8/8/2019 fms info

3/12

Re: certifications for profile building - 23-05-2006, 12:11 PM

These are the certifications I know of;

NCFM (NSE). There are a total of 7 independent modules. AMFI is usually considered to bethe easiest, hence usually the first one that students take. There are also equivalent exams byBSE (BCFM). Almost mandatory in Financial Services sector as everyone seems to crack it.

Certified Financial Planner (CFP). This is a core finance course, but advantage viz-a-viz

CFA/CA/CPA is that its much shorter.

iCISA. Information Systems Audit - for Chartered Accountants.

APICS CPIM/CIRM/CSCP. These are domain certifications in Supply Chain Mgt. The basiccourse is CPIM which comprises of 6 modules. Conducted by IMRMI in most Indian metros.CPIM (or atleast its basic modile) is fairly common amongst MBA students n good b-schools.

ITIL ITSM. Has 2-3 different levels.

Six Sigma. Quality certifications. Hal multiple levels denoted by "belts" - green, black etc

PMI. PMI has two different exams. The CAPM can be taken with lesser work experience.

Financial Markets: A Beginners' Module no need to write this Exam if you have bitfinalcial Back ground but do read its book will help you to understand finacialteram and give fare idea about it,write three in this order- Capital Market (Dealers) Module:- Securities Market (Basic) Module:- Derivatives Market (Dealers) Module

re: NCFM Certification Exam - NSE India - 19-03-2008, 01:04 PM

All of u NCFM enthusiasts, feel free to post ur queries.. I hv cleared 12 of the 14

modules, and could be of help..Broadly, if u are an absolute lay(wo)man, Beginners' Module is recommended to

8/8/2019 fms info

4/12

begin with.. otherwise Securities Mkt Basic Module can be treated as the launchpad,which would give fair idea of many other modules too.. and then u can think which

one to go for suiting ur career/academic interest..

Down n Out with ur CAT/MBA preps?Mocks |Results

buck_was Weds cat_clincherLink to MDI PGPM 2008-10 Batch Yahoo Group

NSE Certified Capital Market Professional

NSE Certified Capital Market Professional (NCCMP) is a professional course in the area of

research offered by Lal Bahadur Shastri Institute of Management (LBSIM), New Delhi, in coExchange of India Limited (NSE). This is an effort in order to impart expert knowledge and a

instruments of the securities market and thereby upgrade the skills and proficiency of the pa

course. This course is designed especially for the students pursuing their career in the area

professionals and Investors etc. The basic educational qualification for joining the course is

from any recognized university.

Duration of the course

The total duration of the course is 100 hours. This includes 80 hours of theoretical session (

delivered by NSE professionals) & 20 hours of practical training (with the trading member of

over a period of four to Five months. Classes will be held in the evenings and on weekends

at R K Puram Campus of Lal Bahadur Shastri Institute of Management, New Delhi.

Course contents

The course contents include the detailed in depth discussion and practical exercises on the

Introduction to Financial Markets

Derivatives, Trading System

Macro Economics

Fundamental Analysis Technical Analysis

Market Operations

Currency Futures

Discussions on Financial Newspapers and Journals

Practical Training

http://www.pagalguy.com/forum/846196-post351.htmlhttp://www.pagalguy.com/forum/851553-post93.htmlhttp://www.pagalguy.com/forum/879361-post9.htmlhttp://www.pagalguy.com/forum/1109860-post1.htmlhttp://www.pagalguy.com/forum/1136056-post1632.htmlhttp://www.pagalguy.com/forum/846196-post351.htmlhttp://www.pagalguy.com/forum/851553-post93.htmlhttp://www.pagalguy.com/forum/879361-post9.htmlhttp://www.pagalguy.com/forum/1109860-post1.htmlhttp://www.pagalguy.com/forum/1136056-post1632.html

8/8/2019 fms info

5/12

Number of Seats Available

Max 50 students in one batch

Assessment

The overall assessment is based on the Mid term test, End term test and the Project work.

Mid term test and project work to be conducted by the institute. NSE would conduct end term

will be covered by the institute, practical part by a trading member showing hands on trading

members will also take up lectures out of the 80 hours.

End term Exam - On-line Examinations to be conducted by NSE at the same location where

or at a nearby location. Date of Exam shall be finalized by NSE in co-ordination with the res

same is confirmed no change of dates are possible for any candidate.

Qualifying requisites

1. Securing at least 50% marks in Mid term examination

2. Submission of project work of satisfactory quality

3. Securing at least 50% marks in End term examination

Upon successful completion, the candidate would be issued a joint certificate by the institute

would be distributed by the respective institute within a period of one month from the date of

CertificationThe participants will get the Joint LBSIM-NSE Certification after passing the exams.

Course Fee

Rs 12000/ paid at the time of admission. The fee covers the cost of study material (provided

fees, certificate, practical training sessions etc.

Venue and Timings

Classes will be held at Dwarka and R K Puram Campus of LBSIM, The timings of the classe8 pm) or on Sundays as per the choice of Candidate.

Registration

The candidate should contact Prof. Ajay Kumar Chauhan and register by fulfilling the requis

payment of necessary fees by cheque/Draft in favour of LBSIM, payable at New Delhi.

Next batch starts on 8 November 2010

http://www.lbsim.ac.in/rokdownloads/admissions/nccmp_form.pdf

8/8/2019 fms info

6/12

Can anyone please advice me how to go with Capital markets dealer module. i have my examon 13th morning. before this, i took financial markets: basic module in which i got 94% butthat was becoz it was way too easy.

This one is bit tough. Can anyone please give me some directions as to how i can prepare in 1

weekThanksAnkit

Thanks,

Ankit AroraXLRI GMP batch 2010- 2011

ow did I miss this topic.. Well I'm an Comp engg, but have gr8 interest in Fin.. I have

completed 4 modules from NSE:AMFI-Mutual Fund (Advisors) Module 92.5Derivatives Market (Dealers) Module 87.5Securities Market (Basic) Module 83.5Financial Markets: A Beginners' Module 89.0

Fire any questions pertaining to this module or the Capital markets (dealers) module.. I havestudied this book but yet to give this exam..

Cheers

- Ajay

NMIMS 2009-11

NMIMS Blog

CFM certifcations are a favorite among the B-School crowd. They are cheap, easy tocrack and the modules are independent. In the Financial Services industry theyare a legal requirement. For example, AMFI is mandatory for all in a MF/AMC.However, I am not sure if they are 'recognised' in the IT world as such. But all inall they are a sound investment for every B-schooler.

wrt ERP, I would advise everyone to stay away from shops providing "Free ERPTraining + Project for Rs 9,999 Onlee" type of institutes. They wont add value to

you, as every large IT co trains its freshers from scratch. The Siemenscertifications is the best, but go for it if your company funds it.

APICS is a good way to go for

http://coffeewithajay.blogspot.com/http://coffeewithajay.blogspot.com/

8/8/2019 fms info

7/12

NCFM certifications are useful...esp if u r from an engineering background..it llgive u an idea abt the markets,financial instruments n stuff....folks try forNCMP(NSE certified market professional ) u get that when u ve done 3 or morecourses and it has no validity...i.e it is valid even if ur nse certificates get

expired....i have done 3 courses1. Capital markets dealers module2. commodity market dealers module3. AMFI mutual funds advisors module

but unfortunately i need to do 1 more course to get NCMPthey are considering the AMFI mutual funds basic module but not the advisors

module for NCMP

cleared capital market,currency derivative,security market and derivative market.And now is it wise to appear for equity research or should i complete any othermodule for that?However i am in my 7th semester of electrical engineering.

...so not a good financial background except NCFM exams.

8/8/2019 fms info

8/12

Why FMS Delhi merged the MBA-FT and MBA-MS programsbyApurv Panditon 08 December 2010inAdmissions 2010-11,FMS Delhi,What's new at b-schools47 comments

In an interview with PaGaLGuY.com, the Dean of the Faculty of Management Studies(FMS), Delhi UniversityProf Kuriakose Mamkoottam describes the curriculum revampthat FMS underwent in 2010, plans for the new FMS campus and why he believes the day-system of placements does not serve the goals of either students or companies.

How has FMS Delhi evolved in the recent years? What new things are you planningto put in place before the incoming batch of 2013 joins?

In the last couple of years, my singular focus has been on academics. I have also tried toimprove the infrastructure. I have managed to update the syllabus and make it as latest aspossible. We have made structural changes in the MBA course in the sense we haveincreased the internal assessment component to 50% of the total grade which is a verymajor thing in a university system. Its been very meticulously structured in the sense thatstudents will be evaluated on predetermined and informed criteria. There is a pronouncedand declared emphasis on academic activities and class participation. After all it is aregular fulltime course and even though students will be encouraged to participate inextra-curricular activities or competitions, it will not be at the cost of the classroom. Ourfocus is to improve the amount and quality of interaction in the classroom.

We have also merged the two fulltime courses (MBA Fulltime and MBA Management ofServices) together. We had created MBA-MS some years ago keeping the possibility ofdeveloping a niche program for a niche market. But our experience was not as weexpected. We had no disappointment, but the targeted students and corporates were notable to distinguish its special features and respond to them. But as a result of the course,we were duplicating our administrative processes right from recruitment to classroomteaching to placements and examinations. But neither the students nor the recruiters were

http://www.pagalguy.com/2010/12/why-fms-delhi-merged-the-mba-ft-and-mba-ms-programs/http://www.pagalguy.com/?author=1633http://www.pagalguy.com/?author=1633http://www.pagalguy.com/tag/admissions-2010-11/http://www.pagalguy.com/tag/admissions-2010-11/http://www.pagalguy.com/tag/admissions-2010-11/http://www.pagalguy.com/tag/fms-delhi/http://www.pagalguy.com/tag/fms-delhi/http://www.pagalguy.com/tag/whats-new-at-b-schools/http://www.pagalguy.com/2010/12/why-fms-delhi-merged-the-mba-ft-and-mba-ms-programs/#commentshttp://www.pagalguy.com/2010/12/why-fms-delhi-merged-the-mba-ft-and-mba-ms-programs/http://www.pagalguy.com/?author=1633http://www.pagalguy.com/tag/admissions-2010-11/http://www.pagalguy.com/tag/fms-delhi/http://www.pagalguy.com/tag/whats-new-at-b-schools/http://www.pagalguy.com/2010/12/why-fms-delhi-merged-the-mba-ft-and-mba-ms-programs/#comments

8/8/2019 fms info

9/12

keen discernes of the program. So we took a decision to merge the two programs togetherinto a single fulltime MBA. So well be recruiting 226 students in one batch this year whichwe hope to divide to three sections for imparting classroom learning.

MBA-MS was run from the South campus of Delhi University whereas the MBAFulltime was run from the main North campus. Will the integrated batch study from

one campus or two campuses?

At the moment we dont want to make a committed statement. Well have to look at thelogistics and take a decision, which well take in due course because there is still timebefore the new batch joins us from July 1. We would like to integrate them to the extentthat logistics permit us, but I wouldnt like to make a statement yet.

Does the North campus have the capacity to accommodate 226 students?

Well, we are really stretching out (laughs). Were using every inch of the space. I havealso made all efforts to increase the existing space, expand it to the limit possible, make itusable in terms of comfort, air conditioning and so on. Even to the extent of, with greatdifficulty, installing an external elevator so that the physically handicapped can move from

floor to floor in the three-floor building. With that, if the need be, we should be able toaccommodate all in the north campus.

Are there plans to expand the infrastructure beyond what you already have?

Yes, we have a new building sanctioned. The money and location have been sanctionedand the plan is approved. Its a question of the construction taking off. In the meantime,the (Delhi) universitys top level administration has changed and the new team is going tobe in place soon so we hope things will start moving. The new campus will be in the Southcampus of Delhi university, at more or less the same location as the existing FMS facilityin the South campus. We have a 12,000 sq-m space there so once the four-floor buildingis constructed, we will move the entire FMS out of the North campus to there.

Will there also be hostels dedicated to FMS?

The university policy is such that they dont give dedicated hostels to any particulardepartment. But as part of the larger university plan there will be augmentation of thehostel facilities in the entire South campus.

How many faculty members does FMS have now and how are you looking to ramp itup?

Right now, three new faculty have joined us and that has taken our total number to 33.

Which functional area is your strongest area in terms of faculty?

We are more or less balanced. I wont call any one particular area strong or weak but wehave huge deficiencies in the total number of faculty considering the number of programswe run and the number of students we are recruiting now. We are not able to find people.There is, as in all b-schools, a huge scarcity (of faculty). But we are able to stretch out andwith the help of some select visiting faculty, we are able to manage.

How many faculty members would you need to sustain your growth?

8/8/2019 fms info

10/12

With the given trend, at 45-50 faculty members I think we should be alright. Of course, wewont have the luxury of teachers being given a semester off wherein they can do theirresearch and so on. But we should be able to manage.

Are there any curriculum changes in the pipeline for the MBA fulltime?

At the moment our fulltime program is fairly updated. The process of updating is a fairlytedious process. We update the curriculum and take it to the university academic andexecutive councils where it has to get passed. But other than that, on a regular basis, allour faculty imparts whatever is the latest possible in their individual field. Every teacher athis or her level makes reasonable changes within the broad parameters of the syllabusapproved by the university. But the major structural changes happen only once in 3-5years as a major exercise.

When did it happen last and what were the salient features?

It happened just now, for the batch that joined in 2010. In the changes, we have includednew papers (courses) in all the functional areas based on what is happening in the world.More importantly, we have added a couple of compulsory papers, one on Corporate social

responsibility and another on Corporate governance. Other than that we have made thenumber of electives larger in the fourth semester. As a result now they would be doingeight papers in every semester. We have also added something called contemporaryissues wherein any faculty member can announce a paper he or she wants to offer at thebeginning of the year, after it is whetted out in the teachers meeting and sought approvalof from the university. So even if it is not in the syllabus, it can be added. Additionally, theservice sector courses have been made as electives in the fulltime course. We havebrought a whole stream of electives in entrepreneurship in too.

How relevant are three-year part-time MBA programs such as those offered by FMSDelhi given the rise of 1-year executive MBA programs?

Yes, we are looking at the part-time programs duration given that the duration of three

years is too long and given the current mobility of executives. We are also looking at theoption of a 1-year executive MBA. But its under discussion so I dont want to say thatanything is final right now. But Im hoping that this will be reviewed in the next 6 months.

Will the FMS entrance test go online anytime soon?

You see, this year we took the FMS registration completely online. Ultimately Im sure thatwell move the test too online but it has to be a collective decision, given the experiencesof the CAT and the difficulties it faced in the initial year, even though its gone well thisyear. But I agree that the FMs test has to be online someday, but I cant say when.

Do you think that sooner or later there will be a consolidation of all the myriad MBA

entrance exams in India into one single test such as the GMAT?

I should imagine so. As a country we need to evolve something like that. You know, evenwe are also under pressure from various quarters to join the CAT. But our argument is thatthe CAT is associated primarily and solely as an IIM property. I dont hesitate to say thatwe (FMS) are there at the top in the same league as the IIMs. But we dont want to beknown as among IIMs and others (by joining the CAT). But the moment the IIMs, FMS,XLRI Jamshedpur and similar institutes come together or an independent body in themodel of the GMAC (the body that owns GMAT and was created by a consortium of topUS b-schools) comes in, I think that a single test is the best thing to happen. You know,

8/8/2019 fms info

11/12

administering the FMS is a tremendous and gigantic energy and time-consuming processwhich nobody really wants to do. But the fact is that there is a certain historical legacy weare all inheriting and for an institution like FMS, it is not easy to suddenly give it up and

join somebody else. But certainly if there is a unified and neutrally managed and nationallyacknowledge single test, I think that is the best thing to happen.

Some of the countrys top b-schools are experimenting with the placement processor are changing the process from a day-based process to a rolling process. What isyour opinion of this transformation and going forward, do you see FMS reviewing itsprocess too?

I will not hesitate to say that I am not happy with the current placement process. I myselfhave handled placements in the 1990s for many years and weve done well. We still doexceedingly well but I somehow feel that the whole placement process has turned theentire attention of students towards only getting a job. Anywhere you see in the world, theentire student attention is driven towards placements which in my mind is not a greatthing. I dont know what will replace this. but what is currently happening is neither goodfor the company nor for the student. Its a process wherein the decisions are hurriedlytaken under pressure and they are not the right decisions in my opinion. Placement is like

marriage in my opinion. Youre joining a company you want to spend a reasonable amountof time with so both the student and the company should spend a good amount of timewith each other. But if you look at the turnover in the first year of the jobs afterplacements, you can see that the company has not been able to make a correct decision. Ido wish our mechanism changes so that this day pressure, the day 1, day 0 and day -1(laughs) which creates hierarchy among students and companies goes.

I believe that there are many students and companies which are very similar to each other,and so there is very little to choose from. So the placement process ends up creatingcompany hierarchies based on salaries, which does not help in matching what the studentis good at to what the company has to offer. And adding the pressure from the peer group,parents and relatives to get the best paid jobs, the system is not working out the wayshould be. Placements are taking too much time away from the students and the institute.

It makes things too simple for the companies they just walk into the campus, do theirprocesses in a couple of hours and get who they are looking for. However placementdecisions should be a little more deliberate and elaborate with more time given to both thestudent and the company. Then the media has also exaggerated the whole thing in termsof assessing a campus through its placements.

What do you think of diversity of educational backgrounds in MBA classrooms andof b-schools that are experimenting with their admission criteria to admit fewerengineers?

I firmly believe that a work organization should reflect the society outside. But you find thatthe engineer-MBA combination is dominating corporates. This was the case in the US tooa few years ago, but it has now been corrected. In every top US b-school you will find that

the engineer component is less than 50%. But here unfortunately we get more than 80%engineers. We wish to correct it and we consciously make attempts to ensure that non-engineers do come in. This year, the engineering component at FMS has been slightlylesser than in the previous intakes. The other component we want to seriously increase isthe number of women in the class. If a balance in multidisciplinary composition and gendertakes place at b-schools, it will do a great deal of good for the corporates and society atlarge. What are we at FMS doing about it? Well, there is no simple answer to that. Ourattempt is to give equal weightage to all backgrounds and we cant be subjective andbiased. As you know, the FMS is a test which is open to everyone.

8/8/2019 fms info

12/12

But unlike other b-schools, you own your entrance exam exclusively. Does that notgive you the best possible freedom to change it and make it more non-engineerfriendly?

We do attempt to dilute what is known as the engineering-oriented component in the FMStest but to be very honest with you, in whatever experiment we have tried, engineers have

again managed to come up. I think the reason for this is the fact that engineers tend tomake it a point that this (getting into a b-school) is what they want. And from first year (ofengineering) onwards, a major part is spent on preparing to get into a b-school. So maybetheyve become very competitive in terms of cracking tests. But so far in our ownexperience we havent gotten the diverse mix we would want to have.

How do you think IIM Rohtak will affect the fortunes of the older and established b-schools in Delhi?

I dont think it is going to make any difference at all to us, because the new IIMs are goingto take their own time to grow. They have an advantage of the brand, but I will not hesitateto say that we also have a brand name, and FMS is not a brand to be dismissed. Wevealways had students whove gotten IIM admissions and have still decided to join us. So its

not that anybody who gets any IIM is going to go there. The new IIMs will take their owntime to establish their reputation and corporate connections. So far, we have thatadvantage and we hope we will only strengthen it.

Do you think IIM Rohtak will make hiring and retaining faculty more challenging foryou?

It will, but Ill tell you something. University departments such as those of Delhi universityhave the least turnover. Once somebody joins the university of Delhi as faculty, youllhardly find them leaving it. Additionally, we have the advantage of being located in Delhi.Its a huge advantage from the point of view of faculty. They have all the facilities,avenues for their childrens education and a whole lot of other things.