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Derivatives, Money & Debt Market
Candidates undertaking the course will have comprehensive and up-to-date knowledge in the subject of derivatives, money & debt market along with security analysis and portfolio management.
Derivatives Market
Basics of derivatives, Features, Indian derivatives Market, Market participants,
Types of derivatives instruments, Economic Significance of derivatives, Products, and Functions.
Forward and Futures- Introduction, major future contracts,
Futures Trading Strategies: Hedging, Arbitration and speculation. Difference between forward and future contracts.
Options: Basics of options, Options payoff, Break Even Price and Trading Strategies- Spread-Bull, Bear and Butterfly, Straddle, Strangle, Strips & Straps,
Swaps: Meaning, Interest rate swaps, Currency Swaps
Derivative Trading, clearing and settlement mechanism in India.
Money Market
Introduction, Basic Characteristics of Money Market Securities, Money Market Intermediaries Treasury Bills, Types of T- Bills, Commercial papers, Commercial Bills, Certificates of Deposits, Call / Notice Money Market, , Money Market Mutual Funds,
Link between money market and monetary policy in India, Tools for Managing Liquidity in the money market
Money market derivatives
Debt Market
Introduction, Basic characteristics of Debt Securities.
Private corporate Debt Market: product and participants, primary and secondary segment of corporate debt instrument.
Public sector undertaking bonds market: product and participants, primary and secondary market for debt instrument.
Government securities debt market: product and participants, primary and secondary market for debt instrument. Bond Valuation- Bond Price, YTM, YTC, current yield, spot interest rate, duration of bond.
Credit rating of Debt Securities. Trading, clearing and settlement mechanism of debt market
Security Analysis - Overview of Stock exchange and stock indices.
Fundamental Analysis: Meaning, objectives, Company Analysis, Industry Analysis and Economic Analysis.
Technical Analysis: Meaning, utility of Technical Analysis, Technical v/s Fundamental Analysis. Theories of Technical Analysis-Dow Theory, Elliot Wave Theory.
Tools and Techniques of technical Analysis: price and Volume charts, Bar charts, Line chart, Candlestick charts, Trend, Head and Shoulders, Support and Resistance level, Moving Average. Criticism or Weaknesses of Technical Analysis.
Portfolio Management, Risks and Returns: Concept of portfolio and portfolio management, Process of portfolio management, Types of portfolio management-Active portfolio management, Passive Portfolio Management, Defensive Portfolio management, Aggressive Portfolio Management, Income portfolio Management. Optimum Portfolio
Risk and Return – Concept, Total Risk and its components, Concept of Return, Measurement of Return-Realised return and Expected Return. An overview of Diversification of Risk.
Financial Regulation
Securities and Exchange Board of India
Reserve Bank of India
• Ravi M.Kishore, Strategic Financial Management, Taxmann’s Publication.
• Williams, Michacls, Fundamentals of Option Markets, Mc Graw Hill, New Delhi
• Hull, John, Introduction to Futures, Option market, Prentice Hall of India, New Delhi
• Redhead, Keith, Financial Derivatives- An Introduction to futures, forwards,option and swaps, Prentice Hall of India, New Delhi
• Bhole L.M., Financial Institutions and Markets, Tata Mc Graw Hill, New Delhi
• Pathak, Bharati V., Indian Financial System, Pearson Education, New Delhi.
• Securities market and Products- Institute of Banking and Finance. Taxmann
• Security Analysis and Portfolio Management,M.R. Agarwal-Garima Publications.
• Security Analysis and Portfolio Management,Suyash N Bhatt-Biztantra publication.
