Updates & Announcements

Introduction of GST:

As you may be aware, starting from July 1, 2017 the Goods and Services Tax (GST) to replace all indirect taxes like Service Tax and all Cess. The introduction of the GST by the Government of India is a significant step in implementing a uniform indirect taxation system in India. Kindly make a note that the GST rate for NCFM and other certification will be applicable at rate of 18%.

Revised NCFM Modules fees w.e.f. July 01, 2016

View the revised fee structure

Only Open Office application will be made available on the PC for the tests of FIMMDA-NSE Debt Market (Basic) Module, NSE Academy Capital Market Aptitude Test (NCMAT), all the modules under the "Advanced Modules Category" and NISM Modules.

Introduction of Online Payment Gateway for NCFM Modules:

NSE Academy has revamped its payment gateway page for online payments. This new payment gateway is implemented w.e.f. 17 Jan 2017. It will also introduce enhanced payment options for candidates for making NCFM Payments.

Revision in NCFM Modules

1) Revision in syllabus of Capital Market (Dealers) Module certification examination w.e.f. February 13, 2017.

2) Revision in syllabus of Financial Markets: A Beginner's Module certification examination w.e.f. November 11, 2016.

3) Revision in syllabus of Derivatives Market (Dealers) Module (DMDM) certification examination w.e.f. November 25, 2016.

4) Revision in syllabus of Mutual Funds: A Beginner's Module certification examination w.e.f. January 13, 2017.


Purchase of NCFM workbook

Workbook shall be issued only in electronic format (in downloadable PDF mode) to the email ID submitted by the candidates at the time of registration.

Issuance of physical NCFM workbook is discontinued w.e.f July 1, 2015.

Interested candidates who desire to purchase Workbooks for NCFM modules (Except Corporate Governance, Compliance Officers Modules, FPSB Modules, FLIP Modules, IMS Proschool Modules & AIWMI Modules) may send a request letter along with demand draft of Rs. 500/- per module per workbook, favouring ‘NSE ACADEMY LIMITED’ payable at the nearest NSE office.

Your request letter should state clearly the name of the candidate, name of the module, complete postal address, contact details and demand draft details. Please write the name of the candidate and module name on the reverse of the demand draft. Also keep a photocopy of the demand draft with you, before you send it to NSE ACADEMY.

NISM Certification Examinations

Kindly note, w.e.f. January 20, 2015, Registration / Payment / Enrolment for NISM certification examinations would be only through NISM Certification portal viz. (https://certifications.nism.ac.in/nismaol/).

For queries pertaining to NISM Certification Portal, please contact NISM Certification Helpdesk on 91-8080806476 (Monday to Friday, 09:30 am to 05:30 pm) or on email: certification@nism.ac.in.

Launch of “Algorithmic Trading Module”  

Technology has revolutionized the way financial markets function and the way financial assets are traded globally. Technology development across global markets has necessitated a multidimensional approach for understanding the Importance of Algorithmic Trading.

With a view to provide a comprehensive knowledge about Algorithmic Trading, a new module namely Algorithmic Trading Module' is being launched under NCFM.

View the circular on Algorithmic Trading Module

Updation of NCFM Modules

S.No. Updations Applicable to
1 Revision in syllabus of Mutual Funds: A Beginner's Module certification examination w.e.f. January 13, 2017 All Candidates
2 Revision in syllabus of Derivatives Market (Dealers) Module (DMDM) certification examination w.e.f. November 25, 2016 All Candidates
3 Revision in syllabus of Financial Markets: A Beginner's Module certification examination w.e.f. November 11, 2016 All Candidates
4 Krishi Kalyan Cess applicable on NCFM Modules with effect from June 1, 2016 All Candidates
5 Revision in syllabus of NSDL Depository Operations Module certification examination w.e.f. September 07, 2015 All Candidates
6 Swachh Bharat Cess applicable on NCFM Modules with effect from Nov 15, 2015 All Candidates
7 'IISL is a joint venture between NSE and CRISIL' may be read as - 'IISL is a wholly owned subsidiary of the NSE Strategic Investment Corporation Limited'. All NCFM workbooks
8 'S&P CNX' may be read as 'CNX' henceforth All NCFM workbooks
9 Eligibility criteria of stocks in derivatives segment Derivatives Market (Dealers) Module
Securities Market (Basic) Module
10 Securities Transaction Tax Mutual Funds (Advanced) Module
11 Contract Specifications for Stock Options Derivatives Market (Dealers) Module
Equity Derivatives: A Beginner’s Module
Securities Market (Basic) Module
Capital Market (Dealers) Module
12 ICDR Regulations 2009 Surveillance in Stock Exchanges Module
Securities Market (Basic) Module
Capital Market (Dealers) Module
Financial Markets: A Beginner’s Module
FIMMDA-NSE Debt Market (Basic) Module
13 Pre-open phase

Post-Close Market
Capital Market (Dealers) Module
14 Cross-Margining Securities Market (Basic) Module
15 Securities Lending and Borrowing Securities Market (Basic) Module

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Launch of “Clearing Settlement and Risk Management Module”

Launch of ‘NSE’s Capital Market Aptitude Test (NCMAT)

Launch of Treasury Management Module

Launch of Venture Capital And Private Equity Module

NCFM - DELHI TEST CENTRE - Change of address w.e.f. August 26, 2013

NCFM - MUMBAI TEST CENTRE - Change of address w.e.f. March 01, 2013

Updation of email and postal address of NCFM candidates

Introduction of NCMP certificates

NCFM Test fees

NCFM Online Login id for Corporates

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