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GITS Academy NCFM Certification Training
#16, 3rd Floor, 10th Cross, Sampige Road Malleswaram, Mail: training@gitsacademy.com Call: 080-23467842, 9632240775
National Stock Exchange
The National Stock Exchange (NSE) is India's leading stock exchange covering various cities
and towns across the country. NSE was set up by leading institutions to provide a modern, fully
automated screen-based trading system with national reach. The Exchange has brought about
unparalleled transparency, speed & efficiency, safety and market integrity. It has set up facilities
that serve as a model for the securities industry in terms of systems, practices and procedures.
NSE has played a catalytic role in reforming the Indian securities market in terms of
microstructure, market practices and trading volumes. The market today uses state-of-art
information technology to provide an efficient and transparent trading, clearing and settlement
mechanism, and has witnessed several innovations in products & services viz. demutualisation of
stock exchange governance, screen based trading, compression of settlement cycles,
dematerialisation and electronic transfer of securities, securities lending and borrowing,
professionalisation of trading members, fine-tuned risk management systems, emergence of
clearing corporations to assume counterparty risks, market of debt and derivative instruments
and intensive use of information technology.
About NCFM
Taking into account international experience and the needs of the Indian financial markets,
National Stock Exchange introduced in 1998 a facility for testing and certification by launching
NSE's Certification in Financial Markets (NCFM).
NCFM is an online testing and certification programme. It tests the practical knowledge and
skills required to operate in the financial markets. Tests are conducted in a secure and unbiased
manner and certificates awarded based on merit of the candidate to qualify the on-line test.
The entire process of testing, assessing and scores reporting in the NCFM is fully automated.
The system is operated through an intranet facility by using a central World Wide Web server
with terminals located at each of the designated test centres to be used as an examination front
end. Communication between the central server and the test centres is achieved through
VSAT/leased line network.
GITS Academy NCFM Certification Training
#16, 3rd Floor, 10th Cross, Sampige Road Malleswaram, Mail: training@gitsacademy.com Call: 080-23467842, 9632240775
GITS Academy
GITS offers wide spectrum of training solutions that are designed to suit every skill, ranging
from procedural, operational, managerial to the end user.
GITS incorporates outstanding individuals from diverse and separate background experiences,
which focuses on providing the best quality support and the right technology solution that meets
our customer's business need. We retain the philosophy “Complete customer satisfaction is the
only key performance indicator" We are focused on taking care of our customers interests and
we ensure delivering effective levels of services. Our team believes that the professional
relationship is purely based on the results of the solutions that we provide at your desktop.
We at GITS Academy in regard of NCFM gives Comprehensive and analytical training on
following Modules
a. Financial Market: A Beginner's Module
b. Securities Market Basic Module
c. Capital Market Dealer Module
d. Equity Derivative : A Beginner's Module
e. Equity Derivative : A Dealer Module
f. Investment Analysis and Portfolio Management
g. Commodities Market Module
h. FIMMDA- NSE Debt Market Beginner's Module
i. Mutual Funds: A Beginner’s Module
j. Interest Rate Derivatives: A Beginner’s Module
Our Classroom session includes Notes on relevant subject, demo test after every class.
We have designed a Module called Investor Knowledge Module basically for those who want
to enhance their knowledge and are not so interested in getting NSE Certification. Here we give
in depth knowledge of each financial product like Equity, Derivative, Commodity, Fixed Income
Securities.
GITS Academy NCFM Certification Training
#16, 3rd Floor, 10th Cross, Sampige Road Malleswaram, Mail: training@gitsacademy.com Call: 080-23467842, 9632240775
Course Structure of Financial Market: Beginner’s Module
Module Fee=3500/-
a. Investment basics
Brief Introduction of Financial Products
b. Securities
Function of Securities Market
Regulators and Participant in Securities Market
c. Primary Market
Face Value of Share/ Debenture
Issue of Share
Public Issue and Private Placement
Listing of Securities
Role of SEBI in Capital Issuance
Foreign Capital Issuance
Stock Split , Buyback
d. Secondary Market
Products in Secondary Markets
Equity Investment
Debt Investment
e. Derivatives
Forward, Future and Option
Commodity Derivative and Currency Derivative
f. Depository
Depository participant
ISIN
Custodian
g. Mutual Funds and Hedge Fund
Tracking Error
Net Asset value
Exchange Traded Fund
Investor Protection Fund
h. Analysis of Financial Statement
GITS Academy NCFM Certification Training
#16, 3rd Floor, 10th Cross, Sampige Road Malleswaram, Mail: training@gitsacademy.com Call: 080-23467842, 9632240775
Course Structure of Securities Market Basic Module
Module Fee=4000/-
a. Securities Market in India
Securities Market , Financial System and Economic Development
b. Primary Market
Merchant Banking
ADR/GDRs
Mutual Fund
Venture Capital Fund
c. Secondary Market
Stock Exchange, Listing, Delisting of Securities
Trading, Clearing and Settlement
Risk Management
d. Government Securities Market
Introduction to Indian Debt Market, their Primary and Secondary
Market
e. Derivative Market
Derivative Market in India
Future and Option
Trading system, clearing and settlement
f. Regulatory Framework
SCRA Act, 1956
SEBI Act, 1992
Securities Market Regulation Act, 1993
g. Mathematics and Statistics
Measurement of Central Tendency
Risk and Return
Financial Statement Analysis
h. Corporate Finance
Cost of Capital
Capital Structure
Capital Budgeting
GITS Academy NCFM Certification Training
#16, 3rd Floor, 10th Cross, Sampige Road Malleswaram, Mail: training@gitsacademy.com Call: 080-23467842, 9632240775
Course Structure of Capital Market Dealer Module
Module Fee=4500/-
a. Trading
Market Types and its Phases
NEAT System
Auction
RetDebt Market
b. Clearing and Settlement
Settlement Cycles
Securities Settlement
Funds Settlement
Risk Containment Measures
Investor Protection Fund
c. Trading Membership
Broker Client Relationship
Dispute, Arbitration and Appeal
d. Legal Framework
SCRA Act, 1956
SEBI Act, 1992
Depositories Act,1996
Indian Contract Act, 1872
Companies Act, 1956
e. Overview of Indian Securities Market
Market Segments
Product and Participants
Derivative Market
Reforms in Securities Market
f. Fundamental Valuation Concepts
Understanding Financial Statements
Time Value of Money
Equity Research
GITS Academy NCFM Certification Training
#16, 3rd Floor, 10th Cross, Sampige Road Malleswaram, Mail: training@gitsacademy.com Call: 080-23467842, 9632240775
Course Structure for Mutual Funds: A Beginner’s Module
Module Fee=4500/-
a. Mutual Funds
Introduction, their Structure in India
Role of AMC, Registrar and Transfer Agent
NFO
Investor Rights and Obligation
b. Mutual Fund: Product and Feature: Equity Funds
Open ended and Closed Fund
Different types of Funds
Entry load, Expense Ratio, Exit load
c. Mutual Fund: Product and Feature: Gold ETFs
Introduction to Exchange Traded Funds
Working during NFO, on an ongoing basis
Market making by APs
d. Mutual Fund: Product and Feature: Debt Funds
Interest Rate Risk
Credit Risk
How is Debt Instrument Priced
Different Debt Fund Schemes
e. Mutual Fund: Product and Feature: Liquid Funds
Floating Rate Schemes
Portfolio Churning in Liquid Funds
f. Taxation
Capital Gain Tax
Indexation
Reason of popularity of Fixed Maturity Plan
g. Regulations
Objective of AMFI
Advantage of Mutual Fund
Systematic Investment Plan, Systematic Transfer Plan, Systematic
Withdrawn Plan
Choosing between Dividend Option, Dividend Reinvestment, Growth
Option
GITS Academy NCFM Certification Training
#16, 3rd Floor, 10th Cross, Sampige Road Malleswaram, Mail: training@gitsacademy.com Call: 080-23467842, 9632240775
Course Structure of Derivative Basic Module Module Fee=4500/-
a. Introduction of Derivative
Definition of Derivative
Origin of Derivatives
Derivatives in India
b. Definition of Basic Derivatives
Forward Contract and their Settlement
Futures
Options- Call and Put Option
Terminology of Derivatives
Moneyness of an Option
c. Application of Basic Derivatives
Participants in Derivative Market
Uses of Derivatives
d. Trading Futures and their Payoffs
e. Trading Options
Option Payout
Option Strategies
Determination of Option price
f. Derivative trading on Exchange
Derivative trading on NSE
Settlement of Derivatives- Future and Option
Accounting and Taxation of Derivatives
GITS Academy NCFM Certification Training
#16, 3rd Floor, 10th Cross, Sampige Road Malleswaram, Mail: training@gitsacademy.com Call: 080-23467842, 9632240775
Course Structure of Derivative Dealer Module Module Fee=4500/-
a. Introduction to Derivative
Derivative Products and participant in Derivative Market
NSE Derivative Market
b. Market Index
Economic Significance of Index Movements
Index Derivative and Index Funds
c. Introduction to Future and Options
Forward Contract, Future, Option and their Valuation
Interest Rate Future and swaps
d. Application of Futures and Options
Greeks Latter
Option Trading Strategies
e. Trading
Future and Option Trading System
Future and Option Market Instruments
Criteria for Stock and Index Eligibility for trading
f. Clearing and Settlement
Clearing and Settlement Mechanism
Risk Management
Margining System
g. Regulatory Framework
SCRA Act, 1956
SEBI Act, 1992
Regulation for Derivative Trading
GITS Academy NCFM Certification Training
#16, 3rd Floor, 10th Cross, Sampige Road Malleswaram, Mail: training@gitsacademy.com Call: 080-23467842, 9632240775
Course Structure of Investment Analysis and Portfolio Management
Module Fee=5500/-
a. Objective of Investment Decision
Introduction on Investment
Types of Investors
Constraints in Investment
b. Financial Markets
Primary and Secondary Market
Trading in Secondary Market
Money Market
Repos and Reverse
Bond Market
Common Stock
c. Fixed Income Securities
Time Value of Money
Simple and Compound Interest Rate
Real and Nominal Interest Rate
Bond Price Fundamentals
Bond Yields
Interest Rates, Term structure of Interest Rate
Macaulay and Modified Duration
d. Capital Market Efficiency
Weak-form Market Efficiency
Semi-strong form Market Efficiency
Strong form Market Efficiency
e. Financial Analysis and Valuation
Analysis of Financial Statement
Income Statement
Balance Sheet
Cash Flow Statement
f. Modern Portfolio Theory
Diversification and Portfolio Risk
Capital Asset Pricing Module
Mean- Variance Investors and Market Behaviour
Estimation of Beta
GITS Academy NCFM Certification Training
#16, 3rd Floor, 10th Cross, Sampige Road Malleswaram, Mail: training@gitsacademy.com Call: 080-23467842, 9632240775
Multifactor Modules
g. Valuation of Derivatives
Forward and Future
Call and Put Option
Cost of Carry Model
Backwardation and Contango
Option Pricing
h. Investment Management
Investment Companies
Active and Passive Management
Net asset Value
Performance Assesment of Managed Fund
GITS Academy NCFM Certification Training
#16, 3rd Floor, 10th Cross, Sampige Road Malleswaram, Mail: training@gitsacademy.com Call: 080-23467842, 9632240775
Course Structure of FIMMDA NSE Debt Market Basic Module
Module Fee=5500/-
Debt Instrument: Fundamental Feature
Coupon, Term to Maturity of Bond
Asset Backed Securities
a. Indian Debt Market: A Profile
Market Segment
Participant in Debt Market
Secondary Market for Debt Instrument
b. Central Government Securities: Bonds
Primary Issuance Process
Participant in Indian Debt Market
Constituent SGL Account
Primary Dealers
Satellite Dealers
Secondary Market for Debt Securities
Settlement of trades in G Secs
c. Central Government Securities: T- Bills
Issuance Process
Cut off Yields
Investors in T-Bills
Secondary Market Activity in T-Bills
d. State Government Bonds
Gross Fiscal Deficit of State Government and its Financing
Ownership of Pattern of State Government Bonds
e. Call Money Markets
Volumes in Call Market
Participant in Call Market
f. Corporate Debt: Bonds
SEBI Regulation, 2008
Listing Criteria of NSE Debt Market
Secondary Market
Credit Rating
g. Commercial Paper and Certificate of Deposit
GITS Academy NCFM Certification Training
#16, 3rd Floor, 10th Cross, Sampige Road Malleswaram, Mail: training@gitsacademy.com Call: 080-23467842, 9632240775
Guideline for CP Issue
Growth of CP Market
Certificate of Deposit
h. Repos
Repo Rate
Calculation of Settlement Amount in Repo Transaction
Repo Market in India
Secondary Market transaction in Repo
Repo Accounting
i. Bond Market Indices and Benchmark
I-Bex Sovereign Bond Index
FIMMDA NSE MIBID MIBOR
j. Trading Mechanism in NSE-WDM
Description of NSE-WDM
Trading Mechanism
k. Regulatory and Procedural Aspects
Government Securities Act,2006
SEBI (GUIDELINES FOR DISCLOSURE AND INVESTOR PROTECTION), 2000
SEBI (ISSUE AND LISTING OF DEBT SECURITIES) REGULATIONS, 2008
l. Valuation of Bonds
Bond Valuation
Accrued Interest
Yield
m. Yield Curve and Term Structure of Interest Rate
BOOTSTRAPPING
Theories of Term Structure of Interest Rate
n. Duration
Modified Duration
Rupee Duration
Portfolio Duration
o. Fixed Income Derivatives
Interest Rate Future
Interest Rate Swap
GITS Academy NCFM Certification Training
#16, 3rd Floor, 10th Cross, Sampige Road Malleswaram, Mail: training@gitsacademy.com Call: 080-23467842, 9632240775
Course Structure of Commodities Market Module Fee=5500/-
a. Introduction to Derivatives
Products, participants and functions
Derivatives markets
b. Commodity Derivatives
Difference between commodity and financial derivatives
Global commodities derivatives exchanges
Evolution of the commodity market in India
c. NCDEX Platform
Structure of NCDEX
Exchange membership
Capital requirements
Trading, Clearing, Settlement IN The NCDEX system
d. Commodities trading on NCDEX Platform
Agricultural commodities
Precious metals
e. Instrument available for trading
Forward contracts, Introduction to futures AND options
f. Pricing Commodity Futures
The cost of carry model
g. Using Commodity Futures
Hedging
Speculation
Arbitrage
h. Trading
Futures trading system
Commodity futures trading cycle
Margins for trading in futures
i. Clearing and Settlement
Risk management
Margining at NCDEX
j. Regulatory Framework
Rules governing commodity derivatives exchanges
Rules governing intermediaries
Rules governing investor grievances, arbitration
GITS Academy NCFM Certification Training
#16, 3rd Floor, 10th Cross, Sampige Road Malleswaram, Mail: training@gitsacademy.com Call: 080-23467842, 9632240775
Course Structure of Investment Knowledge Module Module Fee=6000/-
a. Objective of Investment Decision
Avenues of Investment
Types of Investor
Introduction to Exchange Market
b. Financial Markets
Money Market
Capital Market-Primary Market and Secondary Market
c. Equity Market
Fundamental analysis and technical analysis
d. Fixed Income Securities
Valuation of Bond
Clean Price, Dirty Price and Accrued Interest
Macaulay Duration and Modified Duration
e. Derivative Market
Forward, Future and Option
Black Scholes Model
Cost of Carry Model
Backwardation and Contango
Introduction to the Currency and Credit Derivative
f. Investment Management
Active and Passive Management
Mutual Fund, Hedge Fund
Measurement of Risk-Beta, alpha, Sharpe Ratio and Treynor Ratio
Introduction to VaR