Академический Документы
Профессиональный Документы
Культура Документы
1-2
Topic/Reading
An overview of markets and instruments, various
forms of investments, investment attributes,
sources of investment uncertainties, approaches
to investment decisionmaking, investment Style.
Profile of Indian securities market, understanding
trading systems in stock exchanges, rolling
settlement, depository system and internet
trading.
Reading:
Module
Sessio
n
2. Risk &
Return
Topic/Reading
Classification of risk, relationship between risk
and return,
Reading:
3. Efficient
Markets
4-5
4. Security
Analysis
Module
5.Portfolio
Managemen
t
Sessio
n
Topic/Reading
7-8
9-10
11-18
Portfolio
objectives, construction, analysis,
diversification and optimal portfolio choice,
efficient frontier, Markowitz & Sharpe portfolio
optimization, Characteristic line, Capital Asset
pricing Model, Arbitrage Pricing Theory, Single
Index & multi factor Models. Portfolio evaluation
and revision, Portfolio protection
Readings:
Elton & Gruber-Chapter 3, 8, 9 & 22
Sharpe, Alexander & Bailey-Chapter 6, 7, 8,
23, 24
Charles P. Jones(9th edition)- Chapter 21,
22
Bodie, Kane, Marcus, Mohanty-Chapter 24,
25, 26, 27
Strong, Robert A.-Chapter 21, 22, 23
3
Module
6. Project
Presentation
s
Sessio
n
19-20
7. Self-Study
Topic/Reading
Group Project Presentations
COURSE CONTENTS:
Modu
le
No.
I
Sessi
on
No./s
1-2
Conceptual Framework
Types of capital investments
Key issues in investment decisions
Strategy and Resource Allocation
Monitoring the environment
Scouting for project ideas
Project Identification
Preliminary Study
Project Formulation
Feasibility Study
Steps in Preparation of Detailed Project Reports
Reading:
Prasanna Chandra (2009): Projects Planning, Analysis,
Selection etc, Ch 1, 2, 3
II
III
3-4
5-9
IV
1014
Readings:
Prasanna Chandra (2009): Projects Planning, Analysis,
Selection etc, Ch 8, 9, 10, 11, 12, 14, 17
Project Finance:
Risk Assessment and Credit Rating of Project
Pricing of the Project
Capital Structure
Menu of financing
Term loans and working capital advances
Raising venture capital in India and capital/loans abroad
Analysis of lending procedure and lending norms for
Project Finance
Financing of project from financial markets or/and
lending institutions. Sanction, Documentation, Security
creation and Disbursement of funds
Review of RBI/Commercial Banks/FIs guidelines of
project finance
Recent Trends
Long term shifts in global investment and saving,
farewell to cheap capital, emerging equity gap, global
capital flows
Readings:
Prasanna Chandra (2009): Projects Planning, Analysis,
Selection etc, Ch 18, 20
McKinsey Global Institute (MGI) research papers
1. Farewell to cheap capital? The implications of longterm shifts in global investment and saving
December 2010
2. Mapping global capital markets 2011 updated
August 2011
3. The emerging equity gap: Growth and stability in
the new investor landscape December 2011
1519
20
TEXT BOOK
Prasanna Chandra (2009), Projects Planning, Analysis, Selection,
Financing, Implementation and Review, Tata McGraw Hill 7th Edition
OTHER READINGS
Khatua, Sitangshu, (2011) Project Management and Appraisal, Oxford
University Press, 1st Edition
Jefrey K, project Management Achieving Competitive Advantage,
Pearson Education 2009
Carkenord, Barbara A, Seven steps to mastering business analysis,
Cengage Learning, 1st India Edition
Gatti, Stefano (2008), Project Finance in Theory and Practice, Academic
Press, 1st India Edition
Kester, Ruback and Tufano (2007), Case problems in Finance, Tata
McGraw Hill 12th Edition
Wysocki, Robert K, Efective Project Management: Traditional, Adaptive,
Extreme, John Wiley & Sons, 4th Edition 2006
S. Choudhury, Project Management, Tata McGraw Hill 2004
Vishwanathan, R, Industrial Finance Macmillan 2003
McKinsey Global Institute (MGI) research papers
1. Farewell to cheap capital? The implications of long-term shifts in
global investment and saving December 2010
2. Mapping global capital markets 2011 updated August 2011
3. The emerging equity gap: Growth and stability in the new investor
landscape December 2011
Sessio
n Nos.
3-4
5-6
8-9
10-12
Valuing Options:
Binomial Model, one-step, two step binomial trees;
Risk-neutral valuation; Black-Scholes Options Pricing
Model (BSOPM); Assumptions; Log-normal property of
stock prices; Interpretation of the formula; Volatility;
Implied Volatility; Volatility smiles, Efect of Dividends.
Reading: Hull & Basu: Chapter 11, 13
13-14
15-16
The Greeks:
Delta, Theta, Gamma, Vega, and Rho - Meaning, Uses
and relationship.
Reading: Hull & Basu: Chapter 17
17-18
Swaps:
Concepts; Diferent types of Interest rate swapsStructure, Pricing and Valuation of Interest rate swaps;
Currency swaps- Structure, Pricing and Valuation of
Currency swaps.
Reading: Hull & Basu: Chapter 7
19
Commodity Derivatives:
Products, participants, Diferences between
Commodity and Financial Derivatives; Commodity
20
Suggested Readings:
John C. Hull & Sankarshan Basu, Options, Futures, and Other
Derivatives, 7th Edition, Pearson Education, 2010.
Robert W. Kolb and James A. Overdahl, Futures, Options & Swaps, 5th
Edition, Wiley India, 2009.
Don M. Chance and Robert Brooks, Derivatives and Risk Management
Basics, Cengage Learning, 2008.
David A. Dubofsky, and Thomas W. Miller, Derivatives Valuation &
Risk Management, Oxford University Press, 2003.
Sessi
on
No(s)
1-2
3-4-5
Information and
Advisory Services, Financial Services and the
Economy.
Individual Assignments : Article Review
Readings:Ch. 1,1.1 to 1.6, Financial Services,
Thummuluri Siddaiah, Pearson
Ch.1, 1.1to 1.4.2 Financial Services,
by N.P.Tripathy,(IIMS) PHI
Announcement of Real Life Projects
Depositories,
Commercial Banks,
Financial Sector Reforms,
Role of RBI as Banking Regulator
Universal Banking
Debit and Credit Cards.
FAQ s on Depository Services
CASE STUDY ON BANKS BALANCE SHEET.
Readings: Ch. 10, 10.1 to 10.11, Financial
Services, Thummuluri Siddaiah,
Pearson.
Ch.14, 14.1 to 14.7, Financial
Services, N.P. Tripathy(IIMS), PHI,
Ch.13, 13.1 to13.10, Financial
Services, N.P. Tripathy,(IIMS)
www.rbi.org.in,
www.nsdl.co.in, www.sebi.gov.in
6-7-8
Merchant Banking
New Issue Management, Pricing of Securities,
Merchant
Banking, Bought out Deals, private Placement
and Book
Building, Loan Syndication.
Practical Exercise on Pricing of Equity Shares and
Allotment
Of shares in IPO/FPO.
CASE STUDY ON SYNDICATION OF LOANS
Readings: Ch.3, 3.1 to 3.7, Ch4, 4.1 to 4.19,
ch.5, 5.1 to 5.7-Financial Services
By Thummuluri Siddaiah,, 2011, Pearson
Publishers.
Ch.7, 7.1 to 7.8, Financial Services, N.P.
Tripathy,(IIMS), PHI
9-10
Venture Capital-Concept,
guidelines of SEBI
Stages of Venture financing,
Regulatory
11
1112
1314
1516
Credit Rating
Need for credit rating; Scope and Methodologies of
credit rating for financial companies, banks and
financial instruments; limitations
.
Case Study on Credit Rating
Readings: Ch. 12, 12.1 to 12.9, Financial Services,
Thummuluri Siddaiah, Pearson.
Ch.9, 9.1 to 9.9, Financial Services, N.P
Tripathy, PHI.
Mutual Funds
Structure and functions of Mutual funds; types of
mutual funds. Performance evaluation of Mutual
Funds
Practical Problems and Exercises.
Readings: Ch 13, 13.1 to 13.15, Financial
Services, Thummuluri Siddaiah,Pearson
Ch.8, P.144-164, Financial Services,
Dr. Punithavathy Panidian,Vikas.
Ch.6, 6.1 to 6.14, Financial Services,
N. P. Tripathy(IIMS) , PHI
12
1718
19
10
20
Types of Insurance
Role of Insurance Regulator Development
Authority
Readings:Ch 14, 14.1 to 14.6, Financial
Services,Thummuluri
Siddaiah, Pearson.
Contemporary Issues :
Internet Banking, Internet Trading in Securities
Market
Role of SEBI as regulator of Capital Markets.
Readings: Ch. 13, 13.1to 13.10, Financial
Services, N.P. Tripathy(IIMS),PHI
SUGGESTED READINGS :
CMIE Reports
Sessi
on
No./s
1-2
II
3-4
14
III
5-6
IV
7-8
9-10
VI
11-12
VII
13-14
15
VIII
1516
IX
17-18
19-20
* Technology in Banks
* Payment Service Mechanism.
* Contemporary issues in banking
*Financing Imports and Exports.
*Letter of Credit, Packing Credit and Export Facilities,
*Role of ECGC in promoting International Trade.
Case Study in financing imports and exports
Financing to SME sector.
Retail Banking
Marketing of Banks Products and Services.
Wealth Management.
Case study in SME banking and Retail Banking
PROJECT WORK
16
Course Outline:
Modu
le
1
Session
Nos.
1
2-3
4-5
6-7
Modu
le
Session
Nos.
9-10
11-12
13-14
15-16
18
Modu
le
6
Session
Nos.
17-18
19
Sessio
n
1.
Introduction
To Insurance
2. Principles
of an
Insurance
Contract
2-3
Topic/Reading
Importance of Insurance, Nature of Insurable
Risks, Insurance Needs Analysis, Methods of
Need Analysis, Classification of Insurance, Risks
in Insurance
Essentials of an Insurance Contract, Diference
between an Insurance Contract and a Wager
Contract, History of Insurance contracts,
Development of Insurance in India. PSU and
Private Sector Insurance Companies in India
20
Module
3. Life
Insurance
Sessio
n
Topic/Reading
4-7
4. General
InsuranceHealth
Insurance
8-10
5. General
InsuranceAccident and
Auto
Insurance
11-12
6. Insurance
Regulation in
India : IRDA.
Also PFRDA
13-14
21
Module
Sessio
n
7.Bankassura
nce and
15
Marketing of
Insurance
Products
8.
Reinsurance
9. Risk in
Insurance
10. Risk
Management
in Insurance
16
17-18
19-20
Topic/Reading
Mitigation
Mitigation
Mitigation
Mitigation
through
through
through
through
Fire Insurance
Liability Insurance
Agriculture Insurance
Marine Insurance
TEXT BOOK
Swarup C. Sahu and Suresh C. Das, (2013) Insurance Management,
Himalaya, 2nd Ed, 2013.
OTHER READINGS
G E Rejda, Principles of Risk Management and Insurance, Pearson, 2002
P K Gupta, Insurance and Risk Management, Himalaya, 2005
Harrington And Niehaus, Insurance and Risk Management, McGraw Hill,
1999
Taxmann, Insurance Law Manual, 2001
Insurance Institute of India, Practice of General Insurance, Mumbai 1999
22
Course Outline
Module
1 Financial
Engineerin
g
Session
No.
1
Topic
Scope and tools of financial engineering; factors
contributing
to the growth of financial engineering; salient
aspects in designing innovative products,
processes, and strategies
Readings:
Marshall
and
Bansal
(1992),
Financial
23
3-6
7-9
Modelling Volatility
The Constant elasticity of variance (CEV) model and
the implied volatility function (IVF) model, The
Merton-Jump difusion model. Stochastic Volatility
Models
Readings:
2.Exotics
Options
10-12
24
7e, Chapter 24
3.Introducti
on to Fixed
Income
Securities
13-14
4. Interest
rate
models
15-17
Readings:
5. Real
Options
18-20
Text
References
26
Session Plan
Module
Sessio
n
Topic
27
1. Introduction to
Mergers and
Acquisitions
1-3
2. Value Creation
by
restructuring
4-6
3. Executing
restructuring
process
7-9
28
and
4. Valuation
of firms
10-13
5 Compliance
With Legal
requirements
14-15
6.Accounting
and Tax
Implications
16
29
7. Post-merger
and change
management
8. Group
Presentation
17-18
19-20
- Post-merger integration,.
- Human aspects, implications of
organizational and
Cultural changes.
- Case Study Merger of Indian Airlines
with Air India
Key Issues in Due Diligence and
Integration
Lessons Learnt.
- Readings: Part-II, Ch. 6 ( P. 205-231)
Group Presentation and Evaluation
Suggested Readings
Compulsory:
References:
30
31
Session No.
Part I
1-5
Topic/Theme
Introduction to Risk
Risk-Defined, Risk vs. Uncertainty, Importance of # Erick Banks- Ch. 2
Risk, Types of Risk, Risk for Business and # Hampton Ch. 12-18
Individuals, Risk Management by corporations, # Christopher Culp Ch. 10
Risk Perception, Risk Culture and RM Business
Models, Exceptions
Case Lets: Daimler and Chrysler, Weban and
Philips,Nokia and Erickson, Global Portfolio
Part II
6-9
Part III
10-15
and
processes;
Integrated
Risk
32
23-31
READINGS
Books
Shimpi
Prakash A. Shimpi, Integrated Corporate Risk Management (2001),Texere
LLC., NY.
Hampton
Hampton John J. (2009), Enterprise Risk Management, AMACOM.
Culp
Shimell
Merna &
Thani
Culp Christopher L. (2001), The Risk Management Process, John Wiley &
Sons.
Shimell Pamela (2002), The Universe of Risk, Pearson Education.
Merna Tony and Faisal F. Al-Thani (2008), Corporate Risk Management,
John Wiley and Sons.
Hopkin
Lam
Erick Banks
Erick Banks and Richard Dunn (2003), Practical Risk Management, John
Wiley and Sons
Research Papers
#
33
LIST OF EXERCISES
1. Read the risk mapping cases and map the risk for Southern off Airlines Case
2. Analyze the financials of Sesa Goa Ltd. and compute profit at risk.
3. Read the applications of VaR.
TERM PAPER
Students in-group shall be undertaking the case of any company, analyze its financials,
business models, and other information. On that basis perform a risk analysis
comprising of risk maps, strategic risks, risk methods used and critical summarizations.
PEDAGOGY
The teaching methodology will be a blend of lectures, real live cases and discussions and
presentation by students. Every student has to carry out exercises listed above. The case
presentations would help the students to learn experiences of the past and help them to build
portfolio strategies in real life. A group of 5-6 students would write a term paper and present
in the class. The purpose of the group term paper is to provide students with a vehicle for
creative thinking and study in the field of corporate risk management. The term paper will
provide an opportunity to critically analyze the issue in the listed topics, which would build
strong conceptual base for the course and would enable students to relate to the practice.
Carefully written term papers will synthesize, clarify and illuminate a large part of the course
curriculum.
GRADING POLICY
Assignment (Individual)
15%
34
15%
20%
50%
35