Diploma Course

The centre is going to launch its diploma course proposed to be ” Diploma in Portfolio Management Services ( DPMS)” which is of six months duration of 100 hour credit, having features of qualifying NCFM modules and NISM certifications which are required to be prefessional in the capital markets in India.

The course structure is as follow :

Course Duration : Six Months
Session : January to June and July to December
Course fees : Twelve Thousand only (Rs. 12000/-)[ the fees is proposed ]
Number of Module : Six Modules
Module- 1 : Financial Markets & Indian Financial Systems 
Module -2 : Investment Analysis and Portfolio Management
Module -3  : Mutual Funds
Module -4 : Depository Operations and Interest Derivative
Module -5 : Insurance
Module -6 : Wealth Management
Evaluation – Written     
Module -I – 100 Marks    
Module -II – 100 Marks    
Module -III – 100 Marks    
Module -IV – 100 Marks    
Module -V – 100 Marks    
Module -VI – 200 Marks    
Practical Exam :  All Module – 50 Marks
Viva – Voce : All Module – 50 Marks
Total Marks : 800 

Module- 1 : Financial Markets & Indian Financial Systems

Day Lecture Session Details of Contents in Financial Markets   Name of Faculty
1 Lecture -1 Markets and Financial Instruments Types of Markets: Equity, Debt, Derivatives, Commodities; Meaning and feat res of private, public companies; Types of investment avenues.
Lecture -2 Primary Market Initial Public Offer (IP ); Book Building through Online PO; Eligibility to issue securities; Pricing of Issues; Fixed versus Book Building issues; Allotment of Shares; Basis of Allotment; Private Placement.
2 Lecture -3 Secondary  Market Role and functions of Securities  and Exchange Board of India (SEBI); Depositories; Stockexchanges; Intermediaries in the Indian stock market; Listing; Membership; Trading; Clearing a d settlement and risk management; Investor protection fund (IPF); and Do’s and Don’ts for investors, Equity and debt investment.
Lecture -4    Derivatives Types of derivatives; Commodity and commodity exchanges; Commodity versus financial derivatives.Interest Rate Futures , Credit Default Swaps (CDS) Currency Futures , Currency Options , Equity Futures & Options
3 Lecture -5 Financial Statement Analysis Balance sheet; Profit & loss account; Stock market related ratios; Simple analysis before investing in the share ; understanding annual report; D rector’s rep ort etc.
Lecture -6 Debt – Investment Drivers & ApproachesA.         Interest Risk   Forward Rates Yield Curve Estimation Shape of Yield Curve Debt Portfolio Structures   B.Credit Risk & Yield Spreads Assessment of Sovereign Debt Servicing Ability Assessment of Private Debt Servicing Ability Credit Rating Structured Obligations Yield Spread & Changes in Credit Risk
4 Lecture -7 Money and Indian Banking System Functions; Alternative measures to money supply in India – Their different components; Commercial Banks – Importance and functions; Structure of Commercial banking system in India; Distinction between Commercial and Central bank; Credit Creation Process of Commercial banks; High powered money – meaning and uses – Concept of Money Multiplier.
Lecture -8 The Reserve Bank of India: Functions; Instruments of Monetary and Credit control, Main features of Monetary Policy since independence.
5 Lecture -9 Development BanksConcept of Development bank and their needs in Indian financial system – Difference with Commercial banks – Major Development banks and their functions (IFCI, IDBI, ICICI, EXIM Bank, SIDBI, SFCs, NABARD)Other Financial Institutions Other Financial Institutions: Introduction; Life Insurance Corporation of India, General Insurance Corporation of India, Unit Trust of India.
Lecture -10 A. Depository Receipts
B. International Stock Indices S&P 500 Index (SPX)Dow Jones Industrial Average (INDU) NASDAQ Composite Index (CCMP) EURO STOXX 50 Price Eur (SX5E) FTSE 100 UKX)   Deutsche Borse AG German Stock Index DAX (DAX) Nikkei 225 (NKY) Tokyo Stock Exchange Tokyo Price Index TOPIX (TPX) Hong Kong Hang Seng Index (HSI)
6 Lecture -11 C. Feeder Funds
D. Trading in Global Markets through NSE Futures & Options  Exchange Traded Funds (ETFs)
Lecture -12 New Paradigms in Regulation of Financial Markets Market Infrastructure Institutions  Alternate Investment Funds   Standardisation of Rating Symbols and Definitions   Investment Advisers   Commission on Public Issues of Debt   Merchant Bankers’ Track Record   Algorithmic Trading   Outsourcing by Intermediaries   Qualified Foreign Investors (QFIs)   KYC Registration Agency (KRA)
7 Lecture -13 Introduction to Banking Fundamental role and evolutionBanking structure in IndiaLicensing of banks in India Branch licensing Foreign Banks Private Banks – Capital and  oting right s Dividend Corporate Governance
Lecture -14 Banking and the Economy Cash Reserve Ratio (CRR)Statutory Liquidity Ratio (SLR )Repo and Reverse Repo Open  Market Operations Security Valuation Capital Account Convertibility  
8 Lecture -15 Bank Deposits, Nomination and Deposit Insurance Kinds o f depositsJoint a countsNomination Closure  of deposit accounts Deposit insurance
Lecture -16 Other Banking services Fund-based services Non-Fund based servicesMoney Remittance Services Banking Channels  
9 Lecture -17 Bank – Customer Relationship
1. Roles of Banks
2. Bankers’ obligation of secrecy
Security Creation

1. Pledge
2. Hypothecation
3. Mortgage
4. Assignment
Lecture -18 NPA and Securitisation Non-Performing AssetsNPA categoriesNPA Provisioning Norms SARFAESI Act
10 Lecture -19 Understanding a Bank’s Financials Balance SheetProfit and Loss accountCAMELS framework
Lecture -20 BASEL Framework Bank for International Settlements (BIS)Basel Accords
11 Lecture -21 Regulatory Framework (Part 1)
Anti-Money Laundering and Know Your CustomerBanking Ombudsman Scheme, 2006
Lecture -22 Regulatory Framework (Part 2)
1. Indian Contract Act, 18722. Sales of Goods Act, 1930 3. Negotiable Instruments Act, 1881
4. The Limitation Act, 1963 Financial Inclusion
12 Module End Examination (Full marks – 100, Time – 2 hours )

Module -2 : Investment Analysis and Portfolio Management

Day Lecture Session Details of Contents in Investment Analysis
and Portfolio Management
Name  of Faculty
13 Lecture -1 Objectives of Investment Decisions Introduction; Types of Investors; Constraints; Goals of Investors.
Lecture -2    Financial Markets Introduction, Primary and Secondary Markets; Trading in Secondary Markets;
14 Lecture -3 Money Market; Repos and Reverse Repos; Bond Market; Common Stocks.
Lecture -4      Fixed Income Securities Introduction-Time Value of Money; Simple and Compound Interest Rates; Real and Nominal Interest Rates; Bond Pricing Fundamentals;
15 Lecture -5 Bond Yields; Interest Rates; Macaulay Duration and Modified Duration, Tax planning in Bond investment
Lecture -6 Capital Market Efficiency Introduction; Market Efficiency; Departures from the EMH, impact on trading.
16 Lecture -7 Financial Analysis and ValuationIntroduction; Analysis of Financial Statements; Financial Ratios (Return, Operating and Profitability Ratios); Valuation of Common Stocks; Technical Analysis.
Lecture -8 Modern Portfolio theory Introduction; Diversification and Portfolio Risks; Equilibrium Models: The CAPM; Multifactor Models: The Arbitrage Pricing Theory.
17 Lecture -9  Valuation of Derivatives Introduction; Forwards and Futures; Call and Put Options; Forward and Futures Pricing;
Lecture -10 Option Pricing; Black- Scholes Formula, Trading techniques for Option trading
18 Lecture -11 Investment Management Introduction; Investment Companies (AMC); Active vs. Passive Portfolio Management; Cost  of Management – Entry/Exit Loads and Fees; Net Asset Value;
Lecture -12 Classification of Funds; Other Investment Companies; Performance Assessment of Managed Funds ( Performance  Star rating), Need based Fund selection.
19 Lecture -13 Module End Examination (Full marks – 100, Time – 2 hours )

Module -3 : Mutual Funds

Day Lecture Session Details of Contents in Mutual Funds and Investment in Mutual Funds Name  of Faculty
20 Lecture -1 Concept and Role of a Mutual Fund Concept of a mutual fundAdvantages and limitations of mutual fund List different types of funds
Lecture -2 Fund Structure and Constituents Legal structure of mutual funds in IndiaRole of Trustee, Sponsor and AMC Other Service Providers and their functions
21 Lecture -3    Legal and Regulatory Environment Role of the regulators in Mutual Fund IndustryKnow the salient features of the AMFI Code of Ethics and AMFI Guidelines & Norms for Intermediaries (AGNI)

Know the Investor rights and obligations
Lecture -4 Offer Document Know the process of New Fund Offer (NFO)Know the Investment Objective, Investment Policy and Investment Strategy Know the regulatory aspects of an offer document

Know the salient features of Scheme Information Document (SID), Statement of Additional Information (SAI) and Key Information Memorandum (KIM)
22 Lecture -5 Fund Distribution and Sales Practices Know the various distribution channels for mutual fundsKnow the pre-requisites for becoming a mutual fund distributor  Know the elements covered in an agreement between a distributor and a mutual fund

Know the sales practices and commission structure
Lecture -6      Mutual Fund Products Product features of diversified equity schemes, fixed maturity plans and index schemesFeatures of SEBI regulations on Risk disclosures and Return presentations

Fact sheet and their uses
23 Lecture -7 Investor Services Know the process of purchase transactionsKnow the processes of redemptions by investors

Know the processes relating to systematic investment plans

Know the processing relating to systematic withdrawals and transfers

Know the other investor services and facilities offered by mutual funds.

Know the contents and periodicity of Statement of account to the investor

Explain the process for Nomination and Pledge

Know the service standards mandated for a mutual fund towards its investors
Lecture -8 Selecting the Right Investment products for Investors Analyzing needs and profile of the clientIdentifying the ideal Mutual Fund product for investors
24 Lecture -9 Helping Investors with Financial Planning Need for Financial PlanningRole of different asset classes and allocation

Basics steps of financial planning
Lecture -10 Gold ETFs Introduction to exchange traded fund s; Market making by authorized participants; creation units; Portfolio deposit and cash component
25 Lecture -11  Debt Funds Salient features of debt und; Concept of interest rate and credit risk; Pricing of debt instrument.

Liquid Funds

Salient features of liquid funds; Floating rate scheme and portfolio churning in liquid funds.
Lecture -12 Taxation Taxation of capital gains; Indexation benefit and FMP.


Role and objectives of AMFI; Different types of plans; System atic Investment Plan (SIP); Systematic Transfer Plan (STP) and Systematic Withdrawal Plan (SWP) Dividend payout.
26 Lecture -13 Module End Examination (Full marks – 100, Time – 2 hours )

Module -4 : Depository Operations and Equity Derivative

Day Lecture Session Details of Contents in Depository Operations and Interest Derivative Name  of Faculty
27 Lecture -1 Overview of the Capital Market Overview of relevant law s and regulations; the primary and the secondary market and the capital market intermediaries
Lecture -2    Overview of NSDL Organizational structure of NSDL, Features of the depository system, Legal framework; Bye-Law & business rules of NSDL, NSDL system & connectivity
28 Lecture -3 Business Partners of NSDL The different business partners of NSDL, Joining procedure/steps, services; Records and reconciliation, rights & obligations; NSDL application software, the hardware requirements of business partners, the service standards, Benefits & safety
Lecture -4    Services Offered by Depository Account opening of beneficiaries; Clearing members and intermediaries; Transmission & nomination; De-materialization and re materialization;
29 Lecture -5 Trading & settlement; Off-market transfers; Pay-in and pay-out procedures; Settlement of trades and precautions; Intern et initiatives by NSDL.
Lecture -6 Special Services Pledging/ Hypothecation ; Securities Lending & Borrowing; Corporate actions; Public issues; Debt instruments and Government Securities; NSC/ KVP in De-mat form; MAP IN and TIN
30 Lecture -7 Introduction, Definition  and Applications of Derivatives Definition and origin of derivatives; Definitions of forwards; futures; options; Moneyness of an option; Participants in the derivatives market and uses of derivatives.
Lecture -8 Trading Futures and Options Pay-off of futures; Theoretical model for future pricing;

Option payout and strategies; Determination of option prices.
31 Lecture -9  Derivatives Trading on the Exchange Derivatives trading and settlement on NSE; Using daily newspapers to track futures and options; Accounting and taxation of derivatives.
Lecture -10 Practical hands-on training on Future at NSE
32 Lecture -11 Practical hands-on training on Options – CALL option and PUT Option at NSE live
Lecture -13 Module End Examination (Full marks – 100, Time – 2 hours )

Module -5 : Insurance

Day Lecture Session Details of Contents in Name  of Faculty
33 Lecture -1 Introduction to Insurance
1. Definition of Insurance
2. Concept of Insurance / How insurance works
3. Insurance Act, 1938
4. Insurance Regulatory and Development Authority (IRDA)
Lecture -2 5. Insurance Advertisements and Disclosure Regulations, 2000
6. Protection of Policy Holders Interest Regulations, 2002
7. Third Party Administrators (TPA)
34 Lecture -3   Fundamentals of Risk Management
1. Definition of Risk
2. Classification of Risks
3. Definition of Risk Management
4 Stages of Risk  Management
Lecture -4   Insurance Contract, Terminology, Elements and Principles
1. Contract Terminology
2. Elements of a Valid Contract – Offer and Acceptance,
    Consideration, Capacity, Legal Purpose
3. Distinguishing Characteristic s of Insurance Contract
4. Common clauses and sections in an insurance contract
35 Lecture -5 General Insurance
1. Classification – Life Insurance & Non-Life Insurance 
2. Non-Life Insurance classification – Property Insurance, Personal; Insurance, & Liability Insurance
3. Types of Property Insurance – Fire Insurance, Marine Insurance, Various types of Engineering Insurance.  
4. Contractor’s All Risks (CAR) Insurance
Lecture -6 5. Marine cargo insurance 
6. Features of motor insurance 
7. Burglary insurance 
8. Money insurance 
36 Lecture -7 Personal and Liability Insurance  
1. Personal Insurance 
2. Mediclaim Policies 
3. Group Mediclaim policy 
4. Personal Accident Insurance (PA)
Lecture -8 3. Liability Insurance
4. Employers Liability Insurance ;
5. Public Liability Insurance
6. Professional Indemnity Insurance&
7. Product Liability Insurance
37 Lecture -9 Financial Planning and Life Insurance
1. Financial Planning 
2. Ratios as a tool for financial analysis
3. ciples of Insurance and Life Insurance 
Lecture -10  Types of Life Insurance Policies
1. Term Insurance 
2. Types of Term Life Insurance 
3. Whole Life Insurance
38 Lecture -11 4. Endowment policy 
5. Children’s policies
Lecture -12 1. Annuities
2. Retirement Solutions 
Lecture -13 3. Group Insurance
4.Industrial Life Assurance;
5.Life insurance premium and tax benefits
39 Lecture -14 Insurance Intermediaries
2.Individual agent
3. Corporate agent
Lecture -15 4. Code of Conduct
5. Broking regulations
6. Indian Insurance Market
Lecture -16 Module End Examination (Full marks – 100, Time – 2 hours)


Day Lecture Session Details of Contents in Name  of Faculty
40 Lecture -1 Introduction: Financial Planning
1. Background
2. Role of Financial Planner
3. Financial Planning Process
4. Contract and Documentation
Lecture -2 5.Client Data Collection
6.Client Data Analysis
7.Life Cycle
8.Wealth Cycle
9.Risk Profiling and Asset Allocation
41 Lecture -3 10. Systematic Approach to Investing
Systematic Investment Plan (SIP)
Systematic Withdrawal Plan (SWP)
Systematic Transfer Plan (STP)
11.  Financial Plan
Goal-based Financial Plan
Comprehensive Financial Plan
Lecture -4 12.  Financial Blood-Test Report (FBR) 
13.  Financial Planning in India
42 Lecture -5 Wealth Management & the Economy
1. Financial Planning to Wealth Management
2. Economic Cycles and Indicaters
Lag Indicators
Co-incident Indicators
Lead Indicators
3. nterest Rate Views
Lecture -6 4. Currency Exchange Rate
5. The Deficits Revenue Deficit and Fiscal Deficit
ii. Current Account Deficit
43 Lecture -7  Investment & Risk Management: Equity Role of Equity Active and Passive ExposuresReturns from Passive Exposure to S&P CNX Nifty
Sector Exposure and Diversification
Lecture -8 Fundamental and Technical Analysis
Fundamental Valuation Approaches
Investment and Speculation
44 Lecture -9    Investment & Risk Management: Debt
a.      Role of Debt
b.      Deposits and Debt Securities
c.      Valuation of Debt Securities
d.     Yields and Interest Rate Risk
Lecture -10 e.      Interest Rate and Debt Investments 
f.       Credit Exposure and Debt Investments
g.      Concentration Risk
h.      Passive Investments in Debt
45 Lecture -11 Investment & Risk Management: Alternate Assets      a. Gold.
i. Role of Gold
ii. Gold Investment Routes
iii. Rupee returns from Gold
b. Real Estate
i. Role of Real Estate
ii. Real Estate Investment Routes
iii. Real Estate Indices
Lecture -12 a. Venture Capital / Private Equity Funds
b. Hedge Funds
e. Structured Products
f.  Portfolio Management Services (PMS)
46 Lecture -13 Investment Evaluation Framework
a. Risk-Return Framework
b. Risk
i. Standard Deviation
ii. Beta
Lecture -14 c.  Risk Adjusted Returns
i. Sharpe Ratio
ii. Treynor Ratio
iii. Alpha

SSELECTIVVELLY-Invest Classification Scheme for Investment Products
47 Lecture -15 Risk Profiling & Asset Allocation
d. Risk Profiling
e. Why Asset Allocation?
f. Strategic Asset Allocation
g. Tactical Asset Allocation
h. Fixed Asset Allocation
i. Flexible Asset Allocation
Lecture -16 j. Asset Allocation Returns in Equity and Debt 
i. Fixed Asset Allocation with Annual Re-balancing
ii. Flexible Asset Allocation
k. Asset Allocation Returns in Equity, Debt and Gold
i. Fixed Asset Allocation with Annual Re-balancing
ii. Flexible Asset Allocation
l. Allocation to Speculation
m. Diversification in Perspective
48 Lecture -17 Risk Management through Insurance
a. Risk Assessment
b. Life Insurance
c. Health Insurance
d. General Insurance
e. Safeguards in Insurance
Lecture -18  Elements of Taxation
n. Previous Year and Assessment Year
b. Gross Total Income
c. ncome Tax Slabs
d. Advance Tax
49 Lecture -19 e. Tax Deducted at Source (TDS)
f. Exempted Income
g. Deductions from Income
i. Section 80C
ii. Section 80CCC
iii. Section 80CCD
iv. Section 80D
v. Section 80E
vi. Section 80GG
Lecture -20 h. Long Term and Short Term Capital Gain / Loss 
i. Speculation Profit / Loss
j. Capital Gains Tax exemption under Section 54EC
k. Capital Gains Tax exemption under Section 54F
Setting Off & Carry Forward
50 Lecture -21 Taxation of Investment Products
a. Dividend Tax / Tax on Income Distributed by Mutual Fun
b. Securities Transaction Tax (STT)
c. Capital Gains Taxation
Lecture -22 d. Taxation of Fixed Deposits and Fixed Maturity Plansi.    
Fixed Deposits
ii. Fixed Maturity Plans (FMP)
e. Dividend and Growth Options in Mutual Fund schemes
f. Wealth Tax
51 Lecture -23 Estate Planning
a. Background  
b. Liabilities
c. Nomination  
d. Inheritance Law  
e. Will  
f.  Trust  
52 Module End Examination
(Full marks – 200, Time – 2+2 = 4 hours )