About - NSE's Certification in Financial Markets (NCFM)
A critical element of the financial sector reforms is the development of a pool of human resources having right skills and expertise in each segment of the industry to provide quality intermediation to market participants.
In order to dispense quality intermediation, personnel working in the industry need to (i) follow a certain code of conduct usually achieved through regulations and (ii) possess requisite skills and knowledge acquired through a system of testing and certification.
As intermediation involves human expertise more than technological support, it is important that a person providing intermediation in the industry has a proper understanding of the business and the skills to help it remain competitive. In order to ensure this, it has become an accepted international practice for personnel working for market intermediaries to be adequately certified.
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Inshort : There are 16 modules on Financial markets , Debt ,Derivatives , Mutual Funds , Investment banking , Trading etc.
You got to NCFM website, register and choose which Module you want to get certification in [believe me!! these exams are really easy to crack with minimum pass percentage is 60%]
Once registered pay the fee [mainly around 1000 per exam] and select your test center and date and timing of the exam.
Study material is available for most the exams online but they NSE sends you the printed studymaterial too once you register and fix the exam date.
Really good for Commerce students and for engineering students who are interested in Career in Investment banking or planning to do MBA in finance...
Basics of Investment
The money you earn is partly spent and the rest saved for meeting future
expenses. Instead of keeping the savings idle you may like to use savings in
order to get return on it in the future. This is called Investment.
Why should one invest?
One needs to invest to:
§ earn return on your idle resources
§ generate a specified sum of money for a specific goal in life
§ make a provision for an uncertain future
One of the important reasons why one needs to invest wisely is to meet the
cost of Inflation. Inflation is the rate at which the cost of living increases.
The cost of living is simply what it costs to buy the goods and services you
need to live. Inflation causes money to lose value because it will not buy the
same amount of a good or a service in the future as it does now or did in the
past. For example, if there was a 6% inflation rate for the next 20 years, a
Rs. 100 purchase today would cost Rs. 321 in 20 years. This is why it is
important to consider inflation as a factor in any long-term investment
strategy. Remember to look at an investment's 'real' rate of return, which is
the return after inflation. The aim of investments should be to provide a
return above the inflation rate to ensure that the investment does not
decrease in value. For example, if the annual inflation rate is 6%, then the
investment will need to earn more than 6% to ensure it increases in value.
If the after-tax return on your investment is less than the inflation rate, then
your assets have actually decreased in value; that is, they won't buy as
much today as they did last year.
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