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Bachelor of Commerce - Financial Markets (BFM)

History of Department

Summary
The tremendous expansion in the field of Global Financial Markets over the last 2 decades has made the Financial Markets an emerging field in the World. In India, it all started in 1991 with the Liberalization policy and we are on the threshold of a financial revolution and on our way to becoming a financial powerhouse. Hardly 5% of the population invests in the financial market which makes it all the more interesting as a discipline and a career. In view of this Jai Hind College started the course in 2010.This 3 year undergraduate course is a comprehensive program which covers all the different aspects of capital markets.

While the course is primarily theoretical, there is a good blend of projects, case studies, moot courts, court visits and industrial visits to enable a student to get hands on experience in the functioning of the Industry. The department also conducts various seminars and workshops to make them well – versed in international financial and capital market requirements.

There is also exposure to working in the industry during the Summer Internship Programs which is a compulsory component of the program. The students of Jai Hind College will also have the additional benefit / option of pursuing higher studies with Colleges / Universities abroad as part of the various linkages that the College has with them.

The students of the department organizes a 3 day inter collegiate festival called ENTOURAGE every year. The festival has gone from strength to strength over the years such that almost all Mumbai colleges and now even colleges from Delhi and Bangalore not only participate in it but look forward to Jai Hind College hosting this festival. The festival encompasses not only sports, educational and cultural events but lays great emphasis on social responsibility. The festival is marked by the attendance of academicians, industrialist and celebrities as speakers and/or judges of the various events. The festival helps in the holistic development of the students.

Career outlook
Graduates can pursue careers in the Capital Markets (stock markets, commodities, investment banking, currency markets, private equity, stock broking, mergers and acquisitions, mutual funds, real estate trust, venture capital, Insurance Industry).

Activities of the Department
The Department has the following Activities:

  • Orientation Program.
  • Seminars relating to the Course Curriculum
  • Workshops for Personality Development, Communication Skills, Stress Management.
  • Regular PTA meetings
  • Cultural Program - Entourage

Teaching Methodology

  • Classroom Learning
  • Interaction
  • Projects
  • Presentations
  • Industrial Visits
  • Practical training
  • Inclusive learning
  • Case studies and debates.

USP

Provide such theoretical and practical training in stock markets that they understand the intricacies of the workings of the markets.

Faculty

Co-ordinator – Yasmin Singaporewala yasminjhc@yahoo.in, yasnysa@gmail.com

Assistant Professor BFM: Snehee Shah sneheeshah@hotmail.com

Syllabus

BFM Course Structure:
Semester I (June – October)
1. Financial Accounting

  • Nature, Purpose of Accounting
  • Introduction to financial statements
  • Corporate accounting
  • Indian accounting standards

2. Micro Economics

  • The contents & nature of economic theory
  • Production, cost & revenue
  • Market analysis
  • Investment criteria

3. Business Communication- 1

  • Concept of Communication
  • Reading
  • Writing
  • Business letters

4. Basic Statistics

  • Ratio, Proportion and percentage
  • Profit & Loss
  • Interest and annuity
  • Shares & Mutual Fund
  • Matrices and determinants

5.  Basic Computer Skills

  • Computer hardware
  • Windows
  • Internet
  • Word 2013
  • Excel 2013

6. Business Environment

  • Indian Business Environment : Concept, Components & Importance                                                 
  • Economic Trends (overview) : Income, Savings & Investment, Industry, Trade & Balance of Payments, Money, Finance, Prices
  • Role of Government : Monetary & Fiscal Policy : Industrial Policy : Industrial Licensing, Privatization : Devaluation : Export-Import Policy : Regulation of Foreign Investment Collaborations in the light of recent changes.
  • International Environment : International Trading Environment (overview) :  Trend in world trade & their problems of developing countries : Foreign trade & economic growth : International economic institutions.
    GATT, WTO, UNCTD, World Bank, IMF: GSP: GSTP: Counter trade

7. Introduction to financial system

  • An introduction to the financial system,
  • Financial Markets
  • Financial regulators
  • Financial instruments

Semester II (November – April)

1. Financial Accounting – 2

  • Shares and debentures
  • Corporate accounting:
  • Share valuation
  • Indian accounting standards

2. Macro-Economics

  • National Income Generation
  • Inflation and business cycles
  • Money and monetary policy
  • Fiscal Policy

3. Business Communication- 2

  • Drafting of business letters
  • Oral Communication
  • Non-verbal communication
  • Application of communication skills

4. Business Statistics

  • Population and sample
  • Measures of central tendency
  • Measures of Dispersion
  • Correlation and regression ( for ungrouped data)
  • Linear Programming Problems

5. Computer Skills- 2

  • Software
  • Emerging technologies in IT
  • Powerpoint2013
  • Outlook 2013

6. Environmental Science

  • Environment: an overview
  • Natural Resources
  • Environment and Economic Activities
  • Environment Management

7. Principles of Management

  • Introduction,
  • Planning and decision making
  • Organizing
  • Management Control

Semester III (June – October )

  1. Debts Markets
    • Introduction to the debt markets
    • Instruments & players in debt markets
    • Bonds
    • Valuation of bonds
  2. Corporate Finance
    • Corporate finance - an overview
    • Planning the corporate financial activities
    • Sources and methods of raising corporate finance
  3. Equity Markets-I
    • Introduction
    • Market for equity – primary markets
    • Market for equity – secondary markets
    • Importance of equity markets in a developing country like india
  4. Banking in Financial Systems
    • Principles and practices of banking
    • Accounting and finance for bankers
    • Banking products and services
    • General bank management
  5. Computer Applications in Investments
    • Guidelines
    • C programming languages & OOP’s concept.
    • Arrays
    • Functions
    • Introduction to Pointers & Structures & Unions & Files
    • Electronic Commerce
    • Web Designing
  6. Business Ethics
    • Business Ethics and Values – Work Culture – Un ethical Behavior in Business and its reasons – fair and unfair
    • Business Practices
    • Corporate Governance in Globalised Economy
    • Code of conduct in Business Houses
    • Business Ethics an important tool in building Business reputation
    • Corruption , Frauds and Scams in Financial Institutions
    • Preventive Measures
    • Curative Measures
  7. Organisation Behaviour
    • Fundamentals of Organisational Behavior
    • Motivation and Leadership
    • Individual Behavior and Group Behavior Formula and Informal Groups.  
    • Organizational structure and Design. 
    • Organizational culture
    • Organizational Development and changes

Semester IV (November - April)

  1. Commodities Markets
    • Introduction to commodities market
    • Strengthening commodity markets in india
    • Commodity exchanges
    • Commodity market in india
  2. Corporate Finance-II
    • Role of financial institutions
      • Controlling Mechanism of RBI in raising corporate finance
      • Understanding and Interpretation of Financial statements
    • Controlling the corporate financial activities
  3. Equity Markets-II
    • Developments in the indian equity market
    • Security analysis and valuatin of securities
    • Statistical analysis of share price movement
    • Dealings in stock exchanges
  4. Financial Services
    • Introduction to financial system
    • Financial service segment
    • Financial market - i
    • Financial market - ii
  5. Taxation for Investments
    • Definitions  :
    • Basis of Charge (Sec 3 to 9)
    • Exclusions from Total Income Sec. 10
    • Income from House Property
    • Income from Capital gains
    • Income from Other Sources
    • Deduction under Chapter VI A
    • Securities Transaction Tax
  6. Security Analysis
    • Introduction to security analysis
    • Portfolio management
    • Fundamental analysis
    • Technical analysis
  7. Business Law
    • The Companies Act, 1956 Section I to section 390.
    • Securities Contracts (Regulation) Act, 1956.
    • Foreign Exchange Management Act, (FEMA) 1999.
    • Depositories Act. And Information Technology Act, 2000.
    • Securities and Exchange Board of India (SEBI) Guidelines 2000.
      (Limited up to Disclosure and Investor Protection)
    • Indian Contract Act, 1872.
    • Sale of Goods Act, 1930.
    • Negotiable Instrument Act

Semester V (June – October)

  1. Global Capital Markets
    • Impact of globalisation on the capital markets
    • Global (international bond market)
    • Global equity markets
    • Obstacles to international investments
  2. Regulation of Securities Markets
    • Overview of indian securities market
    • Need for regulating securities markets in india
    • Legislations governing the securities markets
    • Regulatory bodies
  3. Insurance-(Fund) Management
    • Introduction
    • Identification of ‘risk’ to be insured
    • Organising an insurance business
    • Operational aspects of insurance business
  4. Derivative Markets
    • Nature of financial derivatives including futures & options
    • Principles of trading & hedging with index futures
    • Principles of trading & hedging with options
    • Risk management systems & procedures
  5. Foreign Exchange Markets
    • Introduction to international financial system & foreign exhange market
    • Exchange rate systems
    • Foreign exchange management
    • Foreign exchange market in india
  6. Portfolio Management
    • Introduction
    • Portfolio theory and application
    • Performance evaluation of a portfolio
    • Portfolio management services in india
  7. Project-I

Semester VI (November – April)

  1. Risk Management
    • UNIT – I
      • Introduction
      • Financial Risks
      • Different types of financial risks
      • Market risk, Liquidity risk, Credit risk, Operational risk, Systemic risk, Exchange rate risk
    • UNIT – II
      • Diversification and Investment Risk Management
      • Alternate Investment Strategies
      • Sensitivity Analysis
      • Exposure and Hedging
    • UNIT – III
      • Hedging
      • Cross Hedging, Hedge Ratio
      • Statistical Analysis
      • Options and future in different markets including foreign exchange market
    • UNIT- IV
      • Popular models for managing liquidity risk and credit risk, swaps – Structural models , Integration of market risk and credit risk
  2. Corporate Governance
    • The philosophy of corporate governance
    • Genesis of corporate governance in india
    • Evolution of corporate governance
    • Governance in family – owned business
  3. Computer Application in Financial Services
    • Introduction
    • Computer security
    • Data bases
    • Visual basic
  4. Marketing of Financial Services
    • Introduction
    • Production management and customer relationship management
    • Analysing business markets
    • The global scenario
  5. Mutual Fund Management
    • The concept and role of mutual funds
    • Investment in mutual funds
    • Valuation of mutual fund products
    • Measuring and evaluating mutual fund performance
  6. Customer Relationship Management in Financial Services
    • Introduction of various financial services
    • Origin and rationale of crm
    • CRM – a vehicle for value creation
    • Achieving customer satisfaction through service quality
  7. Projects-II

Co-ordinator – Yasmin Singaporewala (yasminjhc@yahoo.in)
Assistant Professor BFM: Snehee Shah (sneheeshah@hotmail.com)