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NCFM Certification Exam - NSE India

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NSE Certified Market Professional (NCMP) certificates are issued to those candidates who have cleared NCFM modules (stated in Table 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 - 10 modules

NCMP Level 5 11 or more modules

Sr. No. Name of Module


1 Financial Markets: A Beginners' Module

2 Mutual Funds : A Beginners' Module

3 Currency Derivatives: A Beginner's Module

4 Equity Derivatives: A Beginner's Module

5 Interest Rate Derivatives: A Beginner's Module

6 Commercial Banking in India : A Beginner's Module


1 Back Office Operations Module

2 Banking Sector Module

3 Capital Market (Dealers) Module

4 Commodities Market Module

5 Derivatives (Advanced) Module

6 Derivatives Market (Dealers) Module

7 FIMMDA-NSE Debt Market (Basic) Module

8 Financial Market (Advanced) Module

9 Fundamental Analysis Module

10 Insurance Module

11 Investment Analysis and Portfolio Management Module

12 Macroeconomics for Financial Markets Module

13 Merger & Acquisitions Module

14 Mutual Funds (Advanced) Module

15 NSDL–Depository Operations Module

16 Operations Risk Management Module

17 Options Trading (Advanced) Module

18 Options Trading Strategies Module

19 Project Finance Module

20 Securities Market (Advanced) Module

21 Securities Market (Basic) Module

22 Technical Analysis Module

23 Wealth Management Module

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:

- 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 would have 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 certification for Level 2 and above.

- Only successful attempts for distinct modules will be considered. In other words, if a candidate has successfully cleared the same module more than once, then only one 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: As of 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.

  • @Good_Soldier what ? are you asking wether a candidate re.... 05 Oct '13.
  • Unlimited attempts with unlimited registrations, i.e. for.... 05 Oct '13.
Sharing is Caring... Searching for a place where i can rest a little...
Vishal R @vishal.das 11,352
@Good_Soldier what ? are you asking wether a candidate retake exam if failed then answer is no..once u pay the module fee its for 1 attempt only
Feroz Sayyed @Feroz613 6

Unlimited attempts with unlimited registrations, i.e. for every test you take , you need to make payment...:)