Financial Markets and Services

Paper Code: 
FSG 324
Credits: 
06
Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 

To provide an in-depth knowledge on operations of financial markets in India

20.00
Unit I: 
Financial Market

Concept, Classification- Money Market, Capital Market, Mortgage Market, Long Term Loan Market, Short Term Loan Market, Money Market vs. Capital Market.

20.00
Unit II: 
Financial Services

Introduction, Scope, Causes of financial Innovation, new financial services, Innovative financial Instruments, challenges in the financial service sector.

15.00
Unit III: 
Primary Market & Secondary Market

Primary Market -Meaning, distinction and Relationship between New Issue Market and Stock Exchange.
Secondary Market- Introduction, Services of Stock Exchange, listing of Securities, Online Trading- concept, Features and Advantages, Recent Development of Stock Exchange

20.00
Unit IV: 
Factoring & Forfaiting

Factoring - Meaning, Functions, Types, Factoring in India.
Forfaiting - Meaning , Working, Benefits, Drawbacks and Factoring in India.

15.00
Unit V: 
Concept and Role Of Mutual Funds & Types of Mutual Funds

Concept and Role Of Mutual Funds
Concept of a Mutual Fund; Advantages ,Evolution of Mutual Funds in India - Size of Industry, Growth Trends, Role of Mutual Funds in Financial Markets
Types of Mutual Funds - Open-end Funds/Closed-end Funds, Tax Exempt/Non Tax Exempt Funds, Exchange Traded Funds, Liquid Funds, Equity Funds, Debt Funds, Hybrid Funds

Essential Readings: 

• Bhole. L.M. “Financial Markets and Institutions’ Tata Mc Graw Hill, New Delhi
• Gordan, Natrajan” Financial Markets & Management of Financial Services” Himalayan publication, New delhi
• Vasant Desai, “Indian Financial System”, Himalayan Publication

References: 

• Gold Smith.R.W. “Financial Institutions”
• Khan M.Y “Indian Financial Theory and Practice”, Vikas Publishing House.

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