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POST GRADUATE DIPLOMA IN FINANCIAL & COMMODITY MARKETS

Introducation

The Bharatiya Vidya Bhavan, an internationally reputed institution dedicated to The promotion of education and culture is a charitable public trust founded by Dr. K.M. Munshi on November 7 , 1938.

The founding members of the Bhavan include Dr. Rajendra Prasad, the first President of the Republic of India, Shri C. Rajagopalachri, the first Indian and Last Governor of India; Pandit Jawaharlal Nehru, the first Prime Minister, of free India; Sardar Patel , Deputy Prime Minister and Home Minister, Several distinguished scholars, statesmen and leaders of modern Indian renaissance.

From small beginning, the Bhavan has grown into a great intellectual, cultural and educational movement with 112 Kendras in India, 8 overseas Centres (in United Kingdom, United States of America, Canada, Portugal, South Africa, Kuwait, Mexico and Australia) and 280 constituent institutions, besides a number of affiliated colleges.

Sardar Patel College of Communication & Management started in 1967 as a Constituent of Rajendra Prasad Institute of Communication & Management, the all India Post-Graduate professional education wing of Bhavan.

Post Graduate Diploma In Financial & Commodity Markets
"Only the best prepared, professionally trained individuals armed to handle pressure, skilled to operate in calm and calculated manner under different circumstances will carve the future in this industry."

Diploma in Financial and Commodity Markets (PGDIFM) is a Comprehensive course on financial markets that is especially designed to equip an individual with the desired knowledge, tools and skill set to achieve the aforesaid.
Program Objective
  • To provide conceptual foundation.

  • Knowledge and operational practices in cash markets.

  • Knowledge and operational practices in derivative markets.

  • Knowledge and operational practices in commodity markets.

  • Practical exposure to financial markets (on real time basis).

 
 
 
 
 
Eligibility
  • Graduates who are looking for professional opportunities in financial & commodity markets.

  • Program is equally good for professionals (MBA, CA, Engineers etc) who are interested in career advancement through training and education.

Program Mode
Program Mode
Note Stock trading may have begun as early as 9000-8000 BC, at which time clay tokens were used for accounting. Unfortunately, writing hadn’t been invented at that time, so there is no way to confirm this possibility.
Program Modules & Specialization
Program Modules & Specialization
  • Assessment will be based on objective type examination, conducted at the end of M-2 and M-4. There will be 0.25% negative marking for each incorrect answer. Minimum pass percentage required to be awarded Diploma is 50% in each module.

  • Attendance Requirement – 70% attendance is compulsory for classroom concepts, however 100% attendance is compulsory in hands on sessions. Students having attendance below the aforesaid will not be allowed to sit for examinations and thus will not be awarded Diploma.

  • Hands on Session will be conducted at end of M-2 Conceptual concepts and M-4 Conceptual concepts for one week each, wherein each candidate would be given two and a half hours per day.

Program Duration
  • 6 Months Program – 2 sessions (July-December/ January-June)

  • Concepts & Theory – Weekend Classes (10:00am – 12:00pm)

  • Hand on Training – Weekdays (Trading Hours)

Selection Procedure
  • Candidates will be strictly selected on merit basis followed by interviews. Those selected will be intimated by the institute. (See insert “Dates to remember” for details)
Award of Diploma Certificate
  • To provide conceptual foundation.

  • The name of the candidate inscribed on the Diploma Certificate shall be exactly the same as approved by the institute in his/her Enrolment Application, including the spelling and the format of the name. Hence, while filling the examination form, candidates are requested to write their name legibly and in block letters, as approved in their enrolment application.

  • At the end of course, students who pass the exam conducted by the institute with a minimum of 50% in each module will be awarded Diploma.

  • At end of the program, candidate can appear for the following certification exams conducted by NSE/BSE/MCX.

Award of Diploma Certificate
    • NCFM Capital Markets Dealers Module.

    • NCFM Derivative Markets Dealers Module.

    • BSE Certification on Securities Market.

    • BSE Certification on Derivative Exchange.

    • MCX Certified Commodity Professional.

 
Note The London Stock Exchange is the World’s Oldest Stock exchange and one of the three stock exchanges in the world. New York stock exchange is the largest stock exchange in the world by dollar volume.
Study Material
  • All the necessary study material will be provided by the institute.

  • Students will be given access to computer laboratory and library.

  • Disciplinary action for misconduct and use of malpractice in examination will be taken as per the rules of S.P. College of Communication.


Award of Diploma Certificate
Holidays
  • While the college will normally be closed on public holidays, as notified by the state or centre government, the total number of working days of the college does not fall short of 96 hours, with respect to academic cycle.
Teaching Faculty
  • Professor P.K.A. Narayanan

  • Mr. Amit Kumar – Promoter, AA & S Capital Consultants Pvt. Ltd.

  • Ms. Purnima Goyal – Partner, Chessboard

  • Ms. Manveen Singh

  • Ms. Kratika Jain – Executive Director, Candor Securities Pvt. Ltd.

  • Ms. Hema Gupta, Branch Manager, Angel Broking Ltd.

  • The college may invite qualified faculty members from universities, establishments.

  • Guest lectures and Seminars may also be held for the benefit of the students with help of guest faculty.

Note In 1602, the Dutch East India Company was the first company in the world to issue stocks and bonds in an initial public offering (Chambers, 2006).
Fee Structure
Program Fee Rs. 46,000/- (Subject to revision)
Library deposit Rs. 2,000/- (Refundable)
Computer Laboratory fee Rs. 2,000/-
Examination Rs. 2,000/-
Other fees
Cost of Duplicate Mark Certificate Fee Rs. 200/-*
  • The above referred certificate is the diploma certificate issued to the candidates on successful completion of the course.
  • Refund of fee

    Fees once paid are not refundable. However, in the following manner the fees may be refunded at the discretion of the head of the institute. If a candidate wishes to discontinue his/her studies and the students marks a special application to that effect in writing:

  • Before the commencement of the program
  • : After deduction of 20% of total fees paid. (Excluding library deposit)
         
  • During the first week of commencement of the program (For those who have not attended any class)
  • : After deduction of 25% of total fees paid. (Excluding library deposit)
         
    No fees (expect Library deposit) will be refunded after one week of the commencement of the course.
    Note Everyone knows about the great crash in 1929, how we first coined the term Black Thursday (Oct 24th), Black Monday (Oct 28), and Black Tuesday (Oct 29)… but did you know that the Dow Jones Industrial Average wouldn’t recover to the 1929 peak until 1954? It took twenty – five years.
    Professional Opportunities
     
    • Operations
    • Surveillance
    • Compliance
       
    • Technical Analyst
    • Fundamental / Analyst
    • Advisory / Research
    • Professional Trade
    • Accounts
    • Operations
    • Compliance
    • Co-Ordination
         
    • Technical Analyst
    • Portfolio Management
    • Relationship Manager
    • Fundamental Analyst
    • Professional Trader
    • BDM
    • Accounts
    • Operations
    • Compliance
    • Co-ordination
       
    • Technical Analyst
    • Portfolio Management
    • Relationship Manager
    • Fundamental Analyst
    • Professional Trader
    • Dealer (Client Trading)
    • Accounts
    • BDM
    • Operations
    • Compliance
    • Co-ordination
     
    • Technical Analyst
    • Portfolio Management
    • Relationship Manager
    • Fundamental Analyst
    • Professional Trader
    • Co-ordination
    • Dealer (Client Trading)
    • Accounts
    • BDM
    • Surveillance
    • Operations
    • Compliance
    Curriculum
     
    PART A
    1. INTRODUCTION TO FINANCIAL MARKETS
      1.1 An overview Of Indian Securities Markets
        1.1.1 Components of Securities Markets (Securities, intermediaries, issuers of securities, investors in securities, regulators)
        1.1.2 Types of Securities Markets
        1.1.3 Equity and Debt Markets
        1.1.4 ETF and OTF
      1.2 An overview of Derivative Markets
        1.2.1 Factors driving growth of derivatives
        1.2.2 Various Derivative Products
        1.2.3 Introduction to future, options and forward contracts.
      1.3 An overview of mutual funds
        1.3.1 Concept & role of mutual fund
        1.3.2 Fund structure & constituents
        1.3.3 Return, risk & performance of funds
           
    2. LEGAL AND REGULATORY FRAMEWORK
      2.1 Role of regulators
      2.2 Key regulators governing Indian securities and Derivative Markets
      2.3 Key Acts and Law.
           
    3. MAJOR INDIAN INDICES
      3.1 SENSEX and other major indices at BSE
      3.2 NIFTY 50 and other major indices NSE
           
    4. APPLICATION OF FUTURE AND OPTIONS
      4.1 Future
        4.1.1 Future Payoffs
        4.1.2 Pricing Future
        4.1.3 Pricing Stock Futures
        4.1.4 Application of Futures
      4.2   Option
        4.2.1 Option Payoffs
        4.2.2 Pricing Options
        4.2.3 Application of Options
      4.3   The Greeks
           
    5. CLEARING AND SETTLEMENT
      5.1 NSE Procedure (Cash & Derivative Markets)
      5.2 BSE Procedure (Cash & Derivative Markets)
           
    6. TRADING MEMBERS
      6.1 Stock brokers (NSE & BSE-Cash and Derivative)
      6.2 Sub Brokers
      6.3 Broker- Client relation (KYC, UCC, Margins From client, contract note etc)
      6.4 Sub Broker Client Relation (sub broker registration, relationship with client etc)
           
    7. FUNDAMENAL VALUATION CONCEPTS
      7.1 Elementary Statistical Concepts
        7.1.1 Mean and Geometric Mean
        7.1.2 Return and Risk
        7.1.3 Standard Deviation of return
        7.1.4 Correlation coefficient
        7.1.5 Normal Distribution
        7.1.6 Calculation of Beta
        7.1.7 Relationship b/w return and risk
        7.1.8 Portfolio concept & risk and return of a portfolio
      7.2   Time Value of Money
        7.2.1 Future Value of single cash flow
        7.2.2 Future value of Annuity
        7.2.3 Present Value of single Cash Flow
        7.2.4 Present Value of Annuity
           
    8. FUNDAMENTAL ANALYSIS – AN OVERVIEW Commodity Future – Pricing & Application
      8.1 Understanding Financial Statements
        8.1.1 Comparative & Common size financial statement
        8.1.2 Financial Ratios
        8.1.3 Du – point Analysis
      8.2   Valuation Methodologies
        8.2.1 Economic, industry & Company analysis
        8.2.2 DCF Models
        8.2.3 Dividend Discounted model
        8.2.4 Free Cash flow
        8.2.5 Price to Earning ratio
        8.2.6 Price to book value ratio
       
    9. TECHNICAL ANALYSIS – AN OVERVIEW
      9.1 Market Indicators
        9.1.1 Dow Theory
        9.1.2 Price Indicators
        9.1.3 Volume Indicators
        9.1.4 Other Indicators
      9.2   Forecasting Individual Stock Performance
        9.2.1 Price analysis approaches
        9.2.2 Price – Volume analysis approaches
        9.2.3 Computer aided technology approaches
           
    PART B
           
    1. Introduction
      1.1 An overview of Commodity Markets
        1.1.1 What is commodity
        1.1.2 Commodity markets
        1.1.3 Marketing agriculture commodities
        1.1.4 Physical market operation
      1.2   Commodity Risk
        1.2.1 Underlying risk
        1.2.2 Managing Risk
           
    2. Commodity Derivatives
      2.1 Difference between commodity and financial derivative
        2.1.1 Physical settlement
        2.1.2 Warehousing
        2.1.3 Quality of underlying asset
           
    3. Commodity Exchanges Commodity Future – Pricing & Application
      3.1 Commodity Exchanges in India
      3.2 Role of commodity exchanges
      3.3 Electronic spot exchange Case: NCDEX and MCX spot exchange
      3.4 Regulation of commodity markets
    4. Trading on commodity exchange
      4.1 Exchange platform
      4.2 Exchange membership
      4.3 Trading system
      4.4 Markets participants
      4.5 Market positions & Order type
      4.6 Access to commodity type
      4.7 Volume & open interest Case: NCDEX platform and MCX platform
           
    Note As on December 2011, in accordance to market capitalization, BSE is the 14th largest stock exchange in the world. NSE (National stock exchange) ranks 16th in the same list.
           
    5. Clearing and settlement Procedures
      5.1 The commodity clearing house
      5.2 Margining Method & other risk containment procedures
      5.3 The settlement process
      5.4 Warehousing and warehouse receipts
      5.5 The delivery process Case: NCDEX clearing & settlement process MCX Clearing and Settlement process
           
    6. Commodity Future – Pricing & Application
     
    6.1 The Commodity Future contract Commodity Future – Pricing & Application
      6.1.1 Commodity Futures – investment Asset Vs Consumption Asset
      6.1.2 Distinctive features of commodity futures
      6.1.3 Life cycle of a commodity future contract
      6.1.4 Future – payoffs
      6.1.5 Pricing of futures
      6.1.6 Carrying cost
      6.1.7 Future spot coverage
      6.1.8 Price relationships
    6.2   Future Application
      6.2.1 Hedging
      6.2.2 Speculating
      6.2.3 Arbitrating
           
    7. Commodity Options – Pricing And Application
      7.1 Option – payoffs
      7.2 Option pricing
      7.3 Commodity option – Application
        7.3.1 Hedging
        6.3.2 Speculating
        6.3.3 Arbitrating
           
    8. Fundamental And Technical Analysis in commodity markets – An overview
      8.1 Demand supply Basics
        8.1.1 The law of demand and supply
        8.1.2 Supply – demand relationship, Equilibrium price and disequilibrium
      8.2   Fundamental Analysis
        8.2.1 Using fundamental analysis to predict future price of commodities
        8.2.2 Stock to use ratio
      8.3   Technical Analysis
        8.3.1 Assumptions in technical analysis
        8.3.2 Price, volume and open interest
    Application Form
     
    Download Application Form

    or contact college at the address given below :

    Sardar Patel College of Communication & Management
    BHARATIYA VIDYA BHAVAN, DELHI KENDRA
    Mehta Sadan, Kasturba Gandhi Marg, New Delhi - 110001

    Tel. : + 91 - 11 -23382005 / 23389942    Fax : + 91 - 11 - 23382003
    website: http://www.bvbdelhi.org

    Birth of BSE, Asia’s Oldest Stock Exchange
    The roots of a stock market in India appeared in the 1860s during the American Civil War that led to a sudden surge in the demand for cotton from India resulting in setting up of a number of joint stock companies that issued securities to raise finance. This trend was akin to the rapid growth of securities markets in Europe and the North America in the background of expansion of railroads and exploration of natural resources and land development. Historical records show that as early as 1864, there were about 1,000 brokers with the stock markets functioning from three places in Mumbai; between 9 am to 7 pm at the junction of Meadows Street and Rampart Row, from day break till 9 am and from 7 pm to early hours of next morning at Bazargate. Share prices rose sharply even at that time. A share of Colada Land Company during the boom period of the 1860s rose from Rs. 10,000 at par to Rs. 120,000 and that of Backbay shares went up from Rs. 2,000 to Rs. 54,000. Bombay, at that time, was a major financial centre having housed 31 banks, 20 insurance companies and 62 joint stock companes. Reports on stock markets around that time indicate that an ordinary broker in 1864 earned about Rs. 200 per day, a huge sum in those days. The boom period came to an abrupt end in 1865. In jul 1865, what was then used to be called the share mania ended with brust of the stock market bubble. Birth of BSE, Asia’s Oldest Stock Exchange
    “Never I witnessed in any place a run so widely distributed nor such distress followed so quickly on the heels of such prosperity” thus wrote Richard Temple, who served as the Governor of Bombay at that time. An interesting aspect is that despite the college of the stock market, most of the brokers met their payment commitments. In the aftermath of the crash, banks, on whose building steps share brokers used to gather to seek stock tips and share news, disallowed them to gather there, thus forcing them to find a place of their own, which later turned into the Dalal Street. A group of about 300 brokers formed the stock exchange in Jul 1875, which led to the formation of a trust in 1887 knows as the “Native Share and stock Brokers Association”.
     
    “This is how Asia’s oldest exchange – BSE WAS BORN”
     
     

    BHARATIYA VIDYA BHAVAN, Kasturba Gandhi Marg, New Delhi - 110001
    Tel. : + 91 - 11 -23382005 / 23389942   
    Fax :
    + 91 - 11 - 23382003

    E-mail: info@bvbdelhi.org

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