Elective – Vipul Prakashan : Educational Book Publisher

Merchant Banking

Admin — Tue, 17 Jun 2025 14:57:02 +0000

SYLLABUS

No.	Modules / Units
1	Introduction to Merchant Banking
	Introduction to Merchant banking, Importance, need, functions, Merchant banking services – Project counseling, Loan syndication and Corporate counseling; Pre-issue merchant banking activities – Obtaining stock exchange approvals, action as per SEBI guide lines, Finalizing the appointments with – manager/advisers, Underwriters, Brokers, Bankers, Advertising agency, Drafting and approval of prospectus; Post-issue merchant banking activities – Issue subscription, Allotment of shares, Refunds, Periodical reports to SEBI.
2	Initial Public Offering (IPO)
	Initial Public Offering – Issuance Process, Role of registrar, SEBI guidelines for IPO eligibility, IPO grading, Draft Red Herring Prospectus (DRHP), Listing agreement, Pricing the issue, Book building process, Allotment; SEBI Guidelines in Drafting the Offer Document; Pre and Post launch activities in IPO, SEBI Guidelines on QIP, Rights and Bond Issues
3	Issue of DRs, ADRs and CPs
	Types and Process of Issuing of Depository Receipts (DRs) – American Depository Receipts (ADRs), Global Depository Receipts (GDRs), European Depository Receipts (EDRs), Indian Depository Receipts (IDRs), ADR structure and norms, Indian Depository Receipts (IDRs) and Guidelines; Procedure for issue of Commercial Paper – Credit Rating, Redemption process.
4	Issue of Bond and Debentures
	Procedure for Issue of Bond and Debentures, Foreign currency convertible bonds

Personal Financial Planning

Admin — Tue, 17 Jun 2025 14:57:02 +0000

SYLLABUS

(1) Personal Financial Planning Process:

Establish and Define the Relationship with the Client
Collect Client’s Information
Analyse client’s financial status, Risk Profile and Determine Financial Goals
Develop Financial Planning Recommendations and Present them to the Client
Implement Client’s Financial Planning Recommendations
Monitor and Review the Client’s Situation

(2) Personal Financial Statement Analysis:

Cash inflows and outflows – Cash Management
Income and expenditure statement
Budgeting and forecasting
Monitoring budgets and provisions for savings
Personal Balance sheet and Net Worth

(3) Financial Mathematics:

Calculation of Returns-Nominal Rate of Return, Effective Rate of Return, Internal Rate of Return, and Compounded Annual Growth rate (CAGR), Real Rate of Return, Rate of Return after adjusting taxes, Analysis of Return.
Time Value of Money
Loan Calculations
Total Asset, Net Worth and Financial Ratios

(4) Investor Psychology:

Value investing and Behavioural Finance
Role of emotions in finance decision making –Common errors
Skewness of Asset Allocation due to cultural or historical bias
Basic investment style and its drawbacks

Debt Markets – II

Admin — Tue, 17 Jun 2025 14:56:52 +0000

SYLLABUS

No.	Modules / Units
1	Basic Concepts of Fixed Income Securities:
	(a) Features of Fixed Income Securities. (b) Risk and Return Analysis in Fixed Income Securities. (c) Type of Fixed Income Securities including hybrid instruments.
2	Pricing of Fixed Income Securities:
	(a) Valuation of fixed income securities including embedded option. (b) Duration and Convexity: (i) Duration. (ii) Convexity including modified and Maculay Duration. (c) Price value of basis points (PVBP). (d) Spot Rate. (e) Forward rate. (f) Bootstrapping.
3	Tracking Fixed Income Markets:
	(a) Tracking bond markets. (b) The bond traders arsenal of economic indicators: (i) Inflation. (ii) Monetary policy. (iii) Government deficits. (iv) Currency valuation. (c) The subprime crisis and the role of debt markets in the crisis – Then and now.
4	Portfolio Management – Fixed Income:
	(a) Fixed Income Portfolio Management- Domestic and International. (b) Bond portfolio management strategies: (i) What is a bond portfolio strategy. (ii) Types of bond management strategy. (iii) Active, passive, neutral strategy.

Equity Markets – II

Admin — Tue, 17 Jun 2025 14:56:52 +0000

SYLLABUS

No.	Modules / Units
1	Developments in Indian Equity Market:
	¨ Domestic Savings and Investments. ¨ Disinvestments, FDI and Foreign Portfolio Investment (FPI). ¨ Role of Retail Investors. ¨ Share Price and Share Price Volatility. ¨ Role of SEBI.
2	Valuation of Equities:
	¨ Factors affecting Share Prices. ¨ Balance Sheet Valuation ¨ Dividend Discount model (Zero growth, constant growth and Multiple growth) ¨ Price earning model ¨ Fundamental Analysis- Economy, Industry and Company Model ¨ Macro Economic Factors. ¨ Market Related Factors.
3	Statistical Analysis of Share Price Movement:
	¨ Efficient Market Hypothesis. ¨ Stochastic Models. ¨ Brownian Motion. ¨ BETA
4	Dealings in Stock Exchanges:
	¨ Role of Brokers. ¨ Stock Market Quotations. ¨ Procedure for Buying and Selling. ¨ BOLT ‐ On Line Trading/ NEAT System. ¨ Clearing and Settlement. ¨ Order Matching

Commodities Derivatives

Admin — Tue, 17 Jun 2025 14:56:52 +0000

SYLLABUS

No.	Modules / Units
1	Introduction of Derivatives:
	¨ Derivatives definition, Types of derivatives, Products, Participants and Functions, Exchange traded v/s OTC Derivatives – How Commodity Derivatives differ from financial Derivatives – Warehousing, Quantity of underlying assets, Global Commodity Exchanges, Commodity Exchanges in India, Commodities permitted for trading, Kabra committee Report, Commodity specific issues – Cropping and Growth patterns, Global Domestic demand – supply dynamics, Price trends and Factors that influence prices.
2	Pricing Commodity Derivatives:
	¨ Investment assets v/s Consumption assets – The Cost of Carry Model – Pricing futures contracts on investment commodities-Pricing futures contracts on consumption commodities-The futures basics- Concept of Hedging, Speculation, Arbitrage.
3	Trading: Basic Concepts
	¨ Basic concepts such as Margins, Circuit filters – delivery norms – Contracts specifications, Trading system, and Entities in the trading system, Trader workstation, Order types and conditions, Exposure limits, Commodities to be traded: Types of commodities: Bullion (silver and Gold), Agricultural commodities. Clearing, settlement and Risk Management: Calendar and Settlement schedule, Position determination, Settlement mechanism, Daily mark to market settlement, Settlement price – Daily settlement price, Final settlement price, Margining – Initial margin, Daily mark to Market margin, Open interest limits, Second line of Defense, NSCCL span. Final Settlement: Cash settlement, Physical settlement (warehousing). Exception handling: Funds shortages, Delivery shortages.
4	Regulatory Framework:
	¨ Rules governing Commodity derivatives-Derivatives Exchange, Rules Governing Intermediaries, Investor Grievances, Arbitration Rules.