NCFM Financial Markets (Beginners) case studies
NCFM Financial Markets (Beginners) · Put your knowledge to work in context.
The NCFM Financial Markets (Beginners) module is a self-study certification offered through NAL Academy Limited (formerly NSE Academy Limited), the learning arm of the NSE group. The NCFM portal is described by the exchange as the "Portal for online testing and certification programmes offered by NAL Academy," and registration is handled through a published "Get started for NCFM" process. The NCFM Financial Markets (Beginners) case studies are 5 cases and about 3,938 words.
1Emerge listing for an auto-parts maker whose balance sheet is one notch too levered
Sanchit Precision Components Ltd, a Pune auto-parts maker with FY25 revenue of ₹46 crore, wants to list on NSE Emerge. Its latest audited accounts show net worth of ₹8.4 crore, net tangible assets of ₹6.1 crore, total debt of ₹27.5 crore, and EBITDA of ₹3.1 crore (FY25), ₹1.9 crore (FY24) and a negative ₹0.6 crore (FY23).
852 words, about 4 min2Parking nine-month money when the equity fund looks tempting
Iyer, 41, has ₹12,00,000 maturing from a fixed deposit and needs ₹11,50,000 in nine months for the balance payment on a flat. She is in the 30% tax slab, has never bought a mutual fund, and wants the money safe, but is tempted by a large-cap equity fund that returned 22% last year.
855 words, about 4 min3Hedging a concentrated holding: futures, protective put or collar
Rao holds 6,000 shares of a large-cap engineering company at ₹418, worth ₹25.08 lakh, which is about half his net worth. He expects the stock to be flat to mildly weak over the next two months but does not want to sell, both because he believes in the three-year story and because he does not want to book capital gains this year.
575 words, about 3 min4Fifteen-month treasury deployment under a hard mark-to-market loss limit
A corporate treasury has ₹10 crore to deploy for about 15 months. It is choosing between three instruments: the 8.24% GOI 2033, quoted at a clean price of ₹104.60 with modified duration 6.4; a one-year bank certificate of deposit at 7.35%; and a AAA-rated 10-year corporate bond at 7.60%, 55 basis points over the comparable G-sec, with modified duration 6.1.
832 words, about 4 min5Retail application mechanics in a ₹600 crore mainboard IPO
Nexa Renewables Ltd's ₹600 crore mainboard IPO opens at a price band of ₹470-495, with a lot size of 30 shares. Of the offer, ₹450 crore is a fresh issue and ₹150 crore is an offer for sale by two private equity investors.
824 words, about 4 min