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Description
This book is divided into three parts. Part I provides a comprehensive coverage of the securities market and related financial investment products. Part II presents a commentary on the scenario of bond and money market as prevailing in the country. It focuses on Indian debt market, types of debt securities, Repos, bond valuation and fixed income derivatives etc. Part III covers investment decision making process, efficient market hypothesis, aspects of technical and fundamental analysis, and valuation etc.
The book forms part of the course material provided by Indian Institute of Banking & Finance to the candidates appearing for the paper on "Securities Market & Products" under their Post Graduate Diploma in Financial Advising (PGDFA) examination. Eminent experts under the guidance of Dr. S.A. Dave, former chairman of UTI, have designed the course. All students of banking and finance as also the players in the security market will find the book useful.
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Contents
Part I - Securities Market
Chapter 1 - Investment Concepts & Assets Classes
1. Investment styles
2. Speculation
3. Gambling
4. Shorting
5. Trading
6. Hedging
7. Diversification
8. Immunisation
9. Arbitrage
10. Leveraging
11. Margin Trading
12. Ethical Investment
13. Asset Classes
14. Financial Asset Classes
15. Physical Asset Classes
Chapter 2 - Financial Investment Products
1. Equity Shares
2. Preference Shares
3. Debentures
4. Fixed Deposits
5. Savings Bonds
6. National Savings Certificate Vffl (NSC)
7. Mutual Funds
8. Derivatives
Chapter 3 - Statistical and Mathematical Tools
1. Functions
2. Rate of change of a function (Derivative)
3. Graphs and equations
4. Compounding
5. Discounting
6. Compounded Return
7. Geometric Mean
8. Arithmetic mean
9. Time-weighted mean
10. Mode
11. Median
12. Frequency distribution
13. Normal distribution and Skewed distribution
14. Expected Value/Volume weighted mean
15. Variance and Standard Deviation
16. Z scale
17. Standard error of mean
18. Confidence Intervals and Levels of Confidence
19. Co-variance
20. Correlation
21. Regression
22. R-square (R2)
23. Concave Curve and Convex Curve
Chapter 4 - Risk and Return
1. Economics of Choice
2. Utility Analysis
3. Absolute Returns
4. Relative Returns
5. Risk adjusted returns
6. Portfolio Return
7. Portfolio Risk
Chapter 5 - Portfolio Analysis & Selection - Part 1
1. Portfolio Possibilities Curve
2. Efficient Frontier
3. Single Index Model
4. Multi-Index Model
5. Industry Index Model
6. Constructing the Optimal Portfolio - Single Index Model
7. Constructing the Optimal Portfolio - Single Index with shorting
8. Constructing Optimal Portfolio - Constant Correlation Model
9. Role of Skewness
Chapter 6 - Portfolio Analysis & Selection - Part 2
1. Beta
2. Capital Asset Pricing Model
3. CAPM Assumptions
4. Arbitrage Pricing Model
5. Investments abroad
Chapter 7 - Efficient Markets
1. Concept of Efficient Market
2. Forms of Efficient Markets
3. Research into efficient markets
4. Implications of efficient markets
5. Efficient markets and corporate treasurers
6. Prohibition of Insider Trading Regulations, 1992
Chapter 8 - Securities Markets
1. Primary Market
2. Secondary Market
Chapter 9 - Depository and Investment Process
1. Depository
2. Investment evaluation process
3. Investment execution process
Chapter 10 - Regulatory Framework
1. Regulation of Derivatives
2. Regulation of Foreign Institutional Investors (FIIs)
3. Regulation of Collective Investment Schemes
4. Grievance Redressal Mechanisms in the capital market
5. Regulatory framework
6. Corporate Governance
Part II - Money Market
Chapter 1 - Debt Instrument - Basic Concepts
Chapter 2 - Indian Debt Markets
Chapter 3 - Central Government Securities
Chapter 4 - Treasury Bills
Chapter 5 - State Government bonds
Chapter 6 - Call Money Markets
Chapter 7 - Corporate Bonds
Chapter 8 - Commercial Paper and Certificate of Deposit
Chapter 9 - Ready Forward Contracts or REPOs
Chapter 10 - Bond Market Indices and Benchmarks
Chapter 11 - Secondary Markets and Trading in Government Securities
Chapter 12 - Regulatory and Procedural Aspects
Chapter 13 - Bond Valuation
Chapter 14 - The Yield Curve
Chapter 15 - Duration
Chapter 16 - Fixed Income Derivatives
Part III - Technical and Fundamental Analysis
Chapter 1 - Investment Decision Making Process
Chapter 2 - Introduction to Efficient Market Hypothesis
Chapter 3 - Introduction to Fundamental and Technical Analysis
Chapter 4 - Economic Analysis
Chapter 5 - Industry Analysis
Chapter 6 - Company Analysis
Chapter 7 - Valuation
Chapter 8 - Technical Analysis
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Author Details
Indian Institute of Banking & Finance (formerly The Indian Institute of Bankers) was established in 1928. With more than 750 Institutional members and over 2.5 lac individual members, it is the largest Institute of its kind in the world and is working with a mission "to develop professionally qualified and competent bankers and finance professionals primarily through a process of education, training, examination consultancy/counselling and continuing professional development programs".
The Institute has almost all the banks and financial institutions, public sector, private sector, foreign, cooperative, regional rural banks as members in addition to IT companies and individuals working in the banking and finance sector. The Institute is managed by a Governing Council consisting of Chairmen of different banks and eminent academicians. It offers a number of professional courses in banking and finance.
The flagship programs of the Institute are JAIIB and CAIIB. Other specialist courses are 'Diploma in Treasury, Investment & Risk Management', 'Diploma in International Banking', 'Diploma in Banking Technology' and 'Post Graduate Diploma in Financial Advising'. These programs aim at building skill sets and developing the competence among specialist officers of banks and financial institutions.
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