Wealth Management (Theory)

• Concept of wealth management
• Need, features, advantages and limitations of Wealth Management, Scope of Wealth management services, Wealth management Process
• Wealth Management & the Economy: Financial planning to wealth management, Difference between Financial Planning and Wealth management.
• Economic cycles and Indicators- Impact on Investment.
• Wealth management and impact of interest rate, currency exchange rate & the deficit on Investment

• Investment & Risk Management of Equity-Active and Passive Exposure, Difference between Active and Passive exposure, Tracking error
• Sector Exposure and Diversification,
• overview of Fundamental and Technical Analysis ,
• Fundamental Valuation Approaches (Discounted cash flow- FCFF,FCFE; Enterprise value, P?E ratio, P/B ratio; Dividend discounting method)
• Investment and Speculation-Overview, difference, Leveraging.
• Investment & Risk Management Debt – Role of Debt, Features of debt instrument, Reasons for investment in debt security
• Deposits and Debt Securities ,
• Valuation of Debt Securities-YTM, Bond Duration
• Yields and Interest Rate Risk ,
• Interest Rate and Debt Investments,
• Concentration Risk, Passive Investments in Debt.
• Credit Risk - Issuance of G-Secs and Corporate Bonds;
• Investment & Risk Management of Alternate Assets -Gold and Real Estate – Gold –Reasons for gold investment, Gold Route, Real estate investment route. Gold and Real estate indices

• Investment product and Services-Derivative- Types of derivative contracts – Concept and features
• Mutual Fund- Concept, Types of Mutual fund schemes
• Venture Capital / Private Equity Funds – Overview, difference between venture capital and private equity
• Hedge Funds ,
• Structured Products- Overview, characteristics
• Portfolio Management Services (PMS)
• Risk Management through Insurance- Risk Assessment, Need of insurance. Steps in Insurance Planning Life Insurance- Various life insurance plans and their comparison, Health Insurance-concept, Various health insurance policies and their comparison, General Insurance, Safeguards in Insurance

• Investment Evaluation Framework- Risk-Return Framework,
• Measuring Risk- estimation of Standard Deviation and Beta-calculation, interpretation
• Risk Adjusted Returns- Sharpe Ratio , Treynor Ratio , Alpha-calculation, interpretation
• Risk Profiling & Asset Allocation- Risk Profiling, Need of Asset Allocation, Factors to be considered in asset allocation, Importance of asset allocation , Strategic Asset Allocation, Tactical Asset Allocation, Fixed Asset Allocation, and Flexible Asset Allocation.
• Allocation to Speculation, Difference between asset allocation and Diversification

• Role of Financial Planner, Reasons for increasing need of Financial Planning
• 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.