NCFM stands for National Stock Exchange’s Certification in Financial Markets.
NCFM is a certification offered by the National Stock Exchange of India Ltd. It offers many modules, right from Foundation levels to Intermediate levels to Advanced levels. Some of the modules at the advanced level that we will discuss here are as follows:
1. Financial Markets (Advanced) module and
2. Securities Markets (Advanced) Module

NCFM – Topics covered for Financial Markets (Advanced) module are as follows:

Financial Markets, Products, and Institutions
A. Financial Markets
B. Financial Products and Market Entities
C. Market Infrastructure Institutions
D. Conflicts of Interest

Quantitative Background to Debt
A. The Nature of Debt
B. The Price of a Debt Security
C. Price-Yield Relationship of a Debt Security
D. Modified Duration of a Debt Security

Debt – Investment Drivers and Approaches
A Interest Risk
B Credit Risk and Yield Spreads

Financial Statement: Analysis and Projections for Equity
A Financial Statement Analysis
B Financial Projections

Equity – Valuation & Investment Decisions (Part 1)
A Required Rate of Return on Equity
B Weighted Average Cost of Capital
C Fundamental Valuation Approaches
D Margin of Safety

Equity – Valuation & Investment Decisions (Part 2)
A Economy & Industry Analysis
B Top-Down or Bottom-Up
C Technical Analysis

Derivatives
A Background
B Interest Rate Futures
C Credit Default Swaps (CDS)
D Currency Futures
E Currency Options
F Equity Futures and Options

Alternate Assets and Structured Products
A Alternate Assets
B Structured Products

International Markets
A Depository Receipts
B International Stock Indices
C Feeder Funds
D Trading in Global Markets through NSE

New Paradigms in Regulation of Financial Markets
A Market Infrastructure Institutions
B Alternate Investment Funds
C Standardisation of Rating Symbols and Definitions
D Investment Advisors
E Commission of Public Issues of Debt
F Merchant Bankers Track Record
G Algorithmic Trading
H Outsourcing by Intermediaries
I Qualified Foreign Investors (QFI)
J KYC Registration Agency

NCFM – Topics covered for Securities Markets (Advanced) module are as follows:

Introduction to Capital Market
A Fundamental Role
a Equity Capital
b Debt Capital
c Preference Capital
B Capital Market Segments
a Primary Market
b Secondary Market
C Products/Instruments
a Differential Voting Rights (DVR) Shares
b Global Depository Receipts (GDR) / American Depository Receipts (ADR)
c Preference Shares
d Debentures/Bonds
e Foreign Currency Convertible
f Bonds Government Securities
g Treasury Bills
h Certificate of Deposit (CD)
i Commercial Papers
j Call Money / Notice Money / Term Money Repo / Reverse Repo
D Institution & Intermediaries
E Indices
F Capital Assets Pricing Model (CAPM)
G Reforms in Indian Securities Markets

Fundamental Analysis of Equity
A Purpose
B Financial Statement Analysis
C Sector-Specific Ratios

Primary Markets Process
A Typical Fund Raising Strategies
B IPO process
C Why IPO

Membership on Exchanges
A Stock Broker
B Trading Members
C Clearing Members
D Membershiop Norms
E Trading Membership – Admission Procedure
F Trading Membership – Surrender Procedure
G Trading Membership – Suspension & Expulsion
F Authorized Persons

Practical module from FinEx Training:
NSE website
BSE website
NYSE website
Live Trading for Buy and Sell
Live Derivatives Options trading
Business News Videos
Business News Articles
Basics of Technicals Analysis
Basics of Fundamental Analysis
Screener
Trading View
Blog Writing practice