GFMP Presentation Customised

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©2010 BSE Institute Limited

Financial Markets



Financial Market

• Primary Market - Primary market is the part ofcapital market here issue of ne securitiestakes place

• Secondary Market - ! market here in"estorspurchase securities or assets from otherin"estors





What is Stock Exchange

• It is a platform here #uyers and sellers meet• It pro"ides a place to #uy and sell shares

• It acts as a #rid$e #eteen demanders of fundand suppliers of fund

• %anali&e sa"in$s into in"estments




Participants

• 'o"t(• %ompanies

• Institutions

• )etail In"estors• Mutual *unds




History of Stock Exchanges

• BSE first stock e+chan$e started on ,th

uly1./

• non as 3ati"e Shares and Stock Brokin$ !ssociation4

• Mem#ership fees as )s( 1

• 5here ere 61. mem#ers




History of Stock Market

• *irst stock market started in ,th

uly 1./(• 3ati"e Share and Stock Brokers !ssociation

• 3o knon as BSE

• !t that time mem#ership fees )s( 1• 5here ere some 61. mem#ers




Major reforms in capital Market

• 1,,1 LP' 7 Li#erali&ation8 Pri"ati&ation8'lo#ali&ation9

• 1,,2 *II 7*orei$n Institute In"estors9 erealloed in India

• 1,,6 Pri"ate Sector Mutual *unds erelaunched

• 1,,: *irst time SEBI came out ith 'uidelines

for M* 7Mutual *und9 industry




Financial Markets

• *inancial Markets are the capital markets thatis stock market

• Stock market is knon as Barometer of theEconomy4

• Let us understand this statement

• %ompanies listed on stock market representcorporate india

• ;hen there profit rises or falls




Stock market Barometer

• It is indication that net profit of companiesrises or falls

• 5his means that sales ha"e either $one up ordon

• 5his indicates demand has increased ordecreased in economy

• It has direct impact on stock market

• Stock market ultimately reflects the sentimentin the economy




Financial Markets Classification

• %apital Market is market for lon$ term sourceof funds

• Market ha"in$ maturity of more than one year

• Instruments like

• Shares• Preference shares

• <e#entures

• Bonds




Indian E!ities Market

• *rom 1,/, to 200,8 durin$ last 60 yearsSE3SE= has pro"ided Internal )ate of )eturnof 1/(2 >

• E?uities ha"e outperformed all other asset

classes in the past




Projection of Sensex

• 200, 1/26

• 2010 2020.

• 2011 26:,@• 2012 2//.1

• 2016 62/6

• 201@ 6.1,2• 201 @@/.0

• 201: 20

• 201/ :1:2

• 201. /21.2• 201, .@:,6

• 2020 ,,262




"ypes of Capital Flo#s

•5o main types of flo• FII $Foreign Instit!tional In%estors&

• F'I $Foreign 'irect In%estment&

• FII flo#s comes to stock market

• FII responsi(le for ne# highs and ne# lo#s

• In )**+, FII in%ested -s. +*,*** crores/)0)*1

• In )**2, FII sold -s. 3),*** crores/+14+

• In )**4, FII in%ested -s. 2),*** crores/02***

• In )*0*, Fii In%ested -s. 0,5*,*** crores/))***




FII data

• %urrently 1/@: *II re$istered ith SEBI

• /0 > *II are from AS!

•So e cannot i$nore AS!

• I3 2010 *II ha"e in"ested record money since1,,2(




FII inflo#s

• In 200, and 2010 to$ether *II ha"e in"ested)s(2(1 lakh crore

• 5his is 0 > of the total in"estment made from1,,2 to 2010(

• 5otal *II inflo since 1,,2 )s(@@6:2: %rores

• 2,> of *II inflo in 2010 since 1,,2




FII registered and Sensex -et!rn

• 2006 1/ :6(/. >• 200@ :6/ ,(:>

• 200 .26 @0(/0>

•200: ,,6 @:(.2>• 200/ 121, @(0>

• 200. 1,@ -2(.:>

• 200, 1/0: /(6.>

• 2010 1/@/ 1@(:>

• 2011 -2@(:>




F'I flo#s

• *<I has 6 main offerin$s• It adds ne employment opportunities

• It #rin$s ne technolo$ies

• It #rin$s ne mana$erial skills

• India attracts around 20 #illion *<I annually






Economic Indicators

• '<P• Inflation

• Interest )ates

•E+chan$e )ates• *iscal <eficit

• IIP data

• Purchasers Mana$er Inde+

• Balance of Payment




"rading %ol!mes drop 56 7

#orst in #orld $18080) Mint&

• %ountry !"$ <aily tradin$ >ch in last

• 7Million shares9 6 years

• AS 12@:. -2:(6

• %hina 1/621. @(/

• apan @.,02 66(2

• Ak 22:0 (2

• %anada 6.1 -1,(6

• *rance 1:0 11(1




"rading %ol!mes drop 56 7 #orst

in #orld $18080) Mint&

• %ountry !"$ <aily tradin$ >ch in last• 7Million shares9 6 years

• 'ermany 6, 1:(.

• Bra&il 1161/ -20(2

• !ustralia 226 1@(

• Sit&erland / -1/(:

• India ./2 -6@(@

• South orea 66/ -2/(2




Stock Markets -eg!latory

Frame#ork

• Self )e$ulatory Bodies• S%)! 7Securities %ontract )e$ulation

!ct91,: D S%) )ules 1,/

• !cti"ities super"ised #y Mo* 7Ministry of

*inance9

• Perception that ri$hts D Interests of In"estorsere i$nored(




S E B I

• SEBI (Securities& Exchange Board of India)act passed in April 4,1992

F!nctions

• 5o protect the interest of in"estors

• 5o promote the de"elopment of D re$ulate

the securities market(




-ole of SEBI

• )e$ulate the Business in SEs• )e$ister D )e$ulate intermediaries8 collecti"e

in"estment schemes 7incl( M*s9

• Promote D re$ulate S)Fs

• Prohi#it unfair D fraudulent trade practices

• Promote in"estor education D 5rainin$

• Prohi#it Insider tradin$




Meas!res initiated (y SEBI

• %apital !de?uacy norms for Brokers• Intra day tradin$ limits

• 'ross E+posure limits

• Mar$ins

• Sur"eillance systems at SEs

• %ircuit *ilters

• Inspection of Stock E+chan$es




9..contd

• %lient Broker relationship• G% 7no Gour %lient9

• )e$istration of Su# #rokers D #rokers

• Increasin$ tradin$ hours

• Introduction of <eri"ati"es 5radin$

• )ollin$ Settlements

• <emateriali&ation




:ther -eg!latory Bodies

• Indian *inancial system $o"erned #y "ariousre$ulatory #odies

• )BI $ -eser%e Bank of India&

• !M*I $"he ;ssociation of M!t!al F!nds in India9

• I)<! $Ins!rance -eg!latory < 'e%elopment ;!thority&

• P*)<! $Pension F!nd -eg!latory and 'e%elopment ;!thority &

• *M% $"he For#ard Markets Commission&

• *S<% $Financial Stability and Development Council &




-BI

• )eser"e Bank of India• !pe+ #ody for re$ulation of Bankin$ Sector

• '5L mer$ed ith FB% #y )BI for protection ofdepositors

• %!) 7%apital !de?uacy )atio9 of , >compulsory




;MFI

• !M*I H !ssociation of Mutual *unds of India• !d"isory #ody for mutual funds

• )epresents M* industry #efore the'o"ernment




I-';

• I)<! H Insurance )e$ulatory <e"elopment !uthority

• %ontrols the Insurance sector

• ALIP 7Anit Linked Insurance Plan9 issue taken

up #y I)<!




F'SC

• *S<% H *inancial Sta#ility <e"elopment%ouncil

• %hairman is *inance Minister imself

• It sol"es the Inter-)e$ulatory 5ussle #eteen

the "arious #odies

• )ecently SEBI and I)<! had tussel




Career :pport!nities

• )eli$are• India Infoline

• !n$el Brokin$

• ar"y %onsultants

• India #ulls

• )eliance Money

• !+is Bank

• SBI %ap

• <*% Securities




Career Profiles

• *undamental !nalyst Hhat to #uy and sell• 5echnical !nalyst - hen to #uy and sell

• <eri"ati"es !nalyst H futures and options

• Fptions Strate$ist H #u$det8 corporate result

• <ealer

• Institutional 5radin$ ead

• Pri"ate E?uity analyst

• Mutual fund analyst

• )isk mana$ement e+ecuti"e




;(o!t BSE Instit!te =td.

5he BSE Institute Ltd( 7BIL9 is a #holly o#ned s!(sidiary of the

Bom#ay Stock E+chan$e 7BSE9 Ltd(

Bom#ay Stock E+chan$e is the #orld>s (iggest stock exchange in

terms of listed companies and BIL inherits from BSE the knoled$e

and insi$hts into the capital markets industry8 garnered o%er the past

053 years

BIL has the distinct ad"anta$e of #ein$ at the centre of action J the

financial h!( of India8 one of the orlds most rapid emer$in$ markets(

Fur commitment to #ein$ at the forefront of the c!rrent and e%ol%ing

practice of (!siness has led to programs that reflect the realities of

the marketplace





:!r co!rse design and de%elopment is firmly $rounded in knoled$e

of #usiness processesK #oth in entrepreneurial companies and

esta#lished firms unconstrained #y the #oundaries of academic

disciplines

:!r fac!lty follos a lon$ tradition of practice-oriented research and

teachin$ that has a profound and far-reachin$ impact on #usiness and

mana$ement education( 5hey help our learners #uild inno"ation in

#usiness practice8 pro$ressi"e thinkin$ and the opportunity to influence

as ell as use these concepts




?lo(al Financial Markets

Professional $?FMP&

BSE Instit!te =td.

=a!nches




?lo(al Financial Markets Professional $?FMP& Program is a !ni!e

comprehensi%e co!rse on financial markets that ill prepare you fora$$ressi"e competition and fast paced decision makin$(

@ey highlights for the st!dentsA

<o the program conc!rrently ith your $raduation

Be jo( ready #y the time you complete your $raduation

'et exposed to the ind!stry en%ironment #efore $ettin$ an actual o#

Be mentored #y an industry professional durin$ the : months of industry

practice

5he pro$ram allos semester #reaks to study for your $raduation e+ams ?et !pdated information a#out the markets as the @th semester is

dynamic semester hich ill co"er emer$in$ trendsK folloed #y a proect

!n ad"anta$e of #ein$ a#sor#ed #y the corporate are orkin$ ith8 durin$

your the ind!stry practice 7! Mentored - Fn o# learnin$9

What is ?FMP




"he ?FMP program targets toC

?room yo! for the 1168@,/ prospecti"e o#s that ill #e created in the

financial ser"ices sector of the Indian economy8 #y the year 201NOO

Prepare yo! for the industry ith the #est8 "ery attracti"e and $enerous

compensation str!ct!reDD

Bridge the e+istin$ manpoer shorta$e in the financial ser"ices sector #y

$uidin$ you toards itOO

B!ild yo!r confidence to face your potential employers8 ho prefer

e+perience o"er formal education in a candidate8 throu$h our intense Industry

PracticeOO

E!ip yo! to u$$le ith multiple responsi#ilities ithin your o# roleOO

Why ?FMP




"he ?FMP program targets toC

?ear yo! !p to handle sit!ations that re?uire ?uick thinkin$8 instant

decision makin$8 specified response time and constant result productionOO

Pro%ide yo! #ith the ad%antage of conc!rrently p!rs!ing the program

along #ith yo!r grad!ationDD

'i"e you the ad%antage of (eing jo( ready #y the time you complete your

$raduationOO

'e%elop yo!r analytical skills and a(ilitiesDD

Enhance yo!r kno#ledge #y learnin$ the latest financial analysis methodsand technolo$yOO

Why ?FMP




;(o!t the ?FMP program

Program '!rationA

6 semesters of classroom $eachsemester of 1 months& - lectures 6

days in a eek for 2 hours each

0 semester of Ind!stry Practice

Program ModeA Interacti"e lectures

%ase study discussions

ands on sessions

Interacti"e simulation la#s

;orkin$ on near real-time data

: months of Industry Practice

7Internship - Fn the o# learnin$9

Eligi(ilityA

nder/grad!ates - complete asu#stantial part of the pro$ram

alon$side your colle$e education(

Fresh grad!ates - ho ant to

#uild their career in financialser"ices

Professionals - 7MB!8

En$ineers8 M(%om8 %!8 %S8

I%;!8 Layers etc(9 ho are

interested in career ad"ancement

throu$h trainin$ and education(

ExaminationA 5here ill #e an e+amination at the end of each semester




Program str!ct!re $Mod!lar&Semester I Semester II

1( Introduction to *inancial Markets

2( Economics for *inancial Markets

6( Statistical %oncepts for *inancial Markets

@( *inancial !ccountin$

( <emat and <epositories

:( 5radin$ and Settlement Processes

/( E)P for Stock Markets

1( *inancial )eportin$ and !nalysis

2( Introduction to %orporate *inance

6( F"er"ie of *inancial Instruments

@( E?uity Markets

( 5he *orei$n E+chan$e Markets

:( <e#t Markets

/( *undamental !nalysis

.( 5echnical !nalysis

Semester III Semester I

1( Bond !rithmetic

2( Asin$ <eri"ati"es

6( Introduction to )isk Mana$ement@( *undamentals of %redit )isk !nalysis

( *inancial Modellin$

:( Securities La

1( Portfolio Mana$ement

2( Market Instruments and Processes

6( Pri"ate E?uity and enture %apital@( Mer$ers and !c?uisitions

( Emer$in$ 5rends

:( Proect ;ork

Pl!s 5rainin$ on Beha"ioral Skills Semester Industry Practice-Internship




Go( Profiles at end of semesters

•SEM 1 H <ealer8 Back office e+ecuti"e indemat8 accounts8 economist in #rokin$ house

• SEM 2 H *undamental )esearch8 5echnical)esearch8 %orporate *inance <epartment8

!nalyst in *ore+ market




Go( Profiles at end of semesters

•SEM 6 H <eri"ati"es strate$ist8 Bond marketdealer8 )isk mana$ement in #roker8 %redit riskin #anks8 !nalyst for future cash flo inmodelin$8 Le$al department of securities firm

• SEM @ H Portfolio mana$er8 *und mana$er8Merchant #ankin$8 Pri"ate e?uity analyst(




C;-EE- :PP:-"I"IES"his program #ill prepare yo! for the follo#ing jo(s at the end of each semesterA

Semester I Semester II

!ssociate Le"elC Professional 5rader8 %ustomer

Ser"ice Mana$er D Bankin$ Specialist8 Bankin$

%enter Super"isor8 5eller8 In"estment Bankin$

!ssociate8 <ata#ase !nalyst

Specialist Le"elC In"estment !nalyst8 )esearch

!nalyst8 In"estment Banker8 Sr( Mana$erH

)etail Bankin$8 Sr( !ssociate-!d"isory8 %redit

Mana$er D Specialist8 !ccountin$ Mana$ers8

Sr( <ata#ase !nalyst8 Sr( Support !nalyst

Semester III Semester I

E+pert Le"elC In"estment !nalyst8 )isk

Mana$er8 In"estment !d"isor8 *inancial !d"isor8

Loan Ffficer8 ;ealth Mana$er8 !udit

%onsultant8 5echnical !nalyst

Professional Le"elC In"estment !nalyst8

Portfolio Mana$er8 In"estment Banker8

Business !nalyst8 Sr( )isk Mana$er-*inancial

Ser"ices8 <ata 'o"ernance Mana$er8 %redit

)isk Mana$er8 Sr( *inance Mana$er

Semester $Ind!stry Practice / Internship&

%ompliance Mana$er-)isk8 )isk D Insurance Mana$er8 *inancial Mana$er8 %orporate

Bankin$8 %redit Mana$er8 5reasurer8 *inancial !nalyst8 Business !nalyst8 Sr( Mana$er-)isk

D )e$ulation8 Fperational )isk Mana$er-%apital Markets8

Sr( %redit )isk Mana$er





:!r programs de%elop the st!dents in the follo#ing three areasA

@no#ledge <

!nderstanding of financial

market prod!cts

'e%elop analytical

skills

"he marketen%ironment and

professional (eha%ior



"hank o!

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GFMP Presentation Customised