MUTUAL FUNDS & INSURANCE

Paper Code: 
BIE 232
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
10.00
Unit I: 
Introduction to 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, Mutual Funds vis a vis other investment Options

Classification of Mutual Funds : Operational, Portfolio, Geographical, Structural classification

 

14.00
Unit II: 
Organization and Regulation of Mutual Funds

Organisation of Mutual Funds:  Functions of  Asset Management Company,  Appointment and Functions of Trustees/Trust Companies , Custodian of mutual funds, Fund Sponsors, Role of AMFI

Regulation of Mutual Funds:

Guidelines by RBI and SEBI , Rights and Facilities available to investors.

 

12.00
Unit III: 
Regulation of Insurance

Regulation of Insurance: IRDA: Role , power and functions

Essentials of insurance contracts- Distinction between General Law of contract and Insurance contract; Life and indemnity Contract.

Double Insurance: Meaning, Features Reinsurance: Characteristics of Reinsurance, Types of Reinsurance. Reinsurance Vs. Double insurance, Methods of Reinsurance

 

14.00

Risk: Meaning , Definition , Peril , Hazard, Classification of hazard Classification of risk, Requirements of an Insurable risk.

Risk Management in Insurance: Need and process,

Methods of handling risk: Avoidance, Risk Reduction, Risk retention, Risk transfer, combination, Hedging method.

 

10.00

Calculation of Premium: Net premium, Gross premium, Methods of computation of Premium-Assessment plan, Natural premium Plan, Level Premium Plan, Mortality table-meaning, characteristics, need

Settlement of claim: Death claims, Maturity/Survival claims

Essential Readings: 
  • Sadhak.H. Mutual Fund in India: Marketing Strategies and Investment Practices, Response Publication, New Delhi.
  • National Stock Exchange of India Ltd, Mutual Fund Basic and Advisors Module.
  • Pathak Bharti V., Indian Financial System, Pearson Education, New Delhi.

 

References: 

SUGGESTED READINGS:

  • Jha R.N., Insurance in India, Bharat book Bureau, Mumbai.
  • Rajda George, Principles of Risk Management and Insurance, Pearson Education, New Delhi.
  • O.P, Agarwal, Banking and Insurance, , Himalaya Publishing House
  • Kothari, Mukesh Jain, Risk management in Insurance, RBD publication

E-  RESOURCES:                                                                                                         

  • Investments (SIE), https://www.expresslibrary.mheducation.com/bookshelf                                          Workbook for NISM                                                                         Mutual fund products and services, Indian institute of banking and finance

JOURNALS:

  • Economic and Political Weekly, www.epw.in
  • Indian Journal of Finance
  • The Economic Challenger

 

Academic Year: 
2022-2023
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