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Wealth Management
Objective
- To acquaint students with the significance of financial planning and wealth management at economy and individual level and to learn about the essential terms, concepts, theories and principles of Wealth management..
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Learning outcome (at course level) |
Learning and teaching strategies |
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FMG -617 B |
Wealth Management
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CO216To familiarize students with the wealth management under various economic states. CO217Learn to evaluate various aspects of risk management related with equity and debt investment. CO218 Comprehend student with the various products or assets available for investment. CO219Provide students the knowledge of asset allocation based on their risk and return. CO220To provide an insight about the significance of financial planning as an important aspect of decision making in wealth management. |
Approach in teaching: Interactive Lectures, Discussion, Tutorials, Practical cases Demonstration, Power point presentation.
Learning activities for the students: Self learning assignments, Effective questions, Seminar presentation, Live practical problems analysis |
Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects, Case Study Analysis |
Introduction of Wealth Management-concept of wealth management, need, features, advantages and limitations of Wealth Management.
Wealth Management & the Economy- Financial planning to wealth management, Economic cycles and Indicators.
Wealth management and impact of interest rate, currency exchange rate & the deficit.
Investment & Risk Management of Equity- Active and Passive Exposure, Returns from passive exposure to S&P CNX Nifty, Sector Exposure and Diversification, overview of Fundamental and Technical Analysis , Fundamental Valuation Approaches, Investment and Speculation, Leveraging.
Investment & Risk Management Debt - Role of Debt , Deposits and Debt Securities , Valuation of Debt Securities, Yields and Interest Rate Risk , Interest Rate and Debt Investments, Credit Exposure and Debt Investments, Concentration Risk, Passive Investments in Debt. Primary market for debt Securities- Issuance of G-Secs and Corporate Bonds; Secondary Market for Debt Securities.
Investment & Risk Management of Alternate Assets -Gold and Real Estate
Investment product and Services-Derivative, Mutual Fund , Venture Capital / Private Equity Funds d. Hedge Funds , Structured Products , Portfolio Management Services (PMS)
Risk Management through Insurance- Risk Assessment, Life Insurance, Health Insurance, General Insurance, Safeguards in Insurance
Investment Evaluation Framework- Risk-Return Framework,
Measuring Risk- estimation of Standard Deviation and Beta
Risk Adjusted Returns- Sharpe Ratio , Treynor Ratio , Alpha
Risk Profiling & Asset Allocation- Risk Profiling, Need of Asset Allocation, Strategic Asset Allocation, Tactical Asset Allocation, Fixed Asset Allocation, Flexible Asset Allocation.
• Asset Allocation Returns in Equity, Debt and Gold (i). Fixed Asset Allocation with Annual Re-balancing ii. Flexible Asset Allocation
• Allocation to Speculation, Diversification in Perspective
Financial Planning- Role of Financial Planner, importance of financial planning, Financial Planning Process, Contract and Documentation, Life Cycle and Wealth cycle, Risk Profiling and Asset Allocation, Systematic Approach to Investing (SIP, SWP,STP), Financial Plan, Financial Blood-Test Report (FBR). Financial Planning in India.
Financial Planning Aspects-Role of Equity in Retirement planning, Leveraged investment in IPOs, generating regular Income, and Funding Education needs, Loan Against Investment Products, Liquidity of Investment Portfolio. Maximizing Post tax returns.
Books Recommended:
• Bharti V Pathak., Indian Financial System, Pearson Education, New Delhi.
• Uma Shashikhat and Sunita Abraham, Wealth Management, Centre for Investment Education & Learning Publication.
• Dun and Bradstreet ,Wealth Management, McGraw Hill Professionals.
• Introduction to Financial Planning ,Indian Institute of Banking and Finance .
• Risk Analysis,Insurance and Retirement Planning, Indian Institute of Banking and Finance
• NCFM module on Wealth Management ,NSE India Ltd.
