B) Capital Markets:
Ø Economic Function
Ø Classification of Instruments-by Issuer and Types
Ø Settlements Procedures
Ø Principles of Valuation
Ø Developments in the Capital Markets
0 1
Premiums: Discounts, Forward Cross Rates C) Medium term and Long term Funding:
Ø Swap Transactions Ø FDs/NCDs/Term Loans
Ø Outright Deals Ø Securitisation
Ø Dealer Operations D) Cost Centre / Profit Centre:
Ø Financial Planning and Control
D) External Markets
Ø Capital Budgeting
Ø External Commercial Borrowings
Ø Risk Analysis
Ø Settlement Procedures
Ø GDRs / ADRs. E) Liquidity Management:
Ø Objectives
E) Derivatives Markets
Ø Sources of Liquidity
Ø Introduction – Definition and Characteristics of
Ø Maturity Concerns: Projected Cash Flow and Core Sources-
FUTURES,SWAPS and OPTIONS
Contingency Plans
Ø Nature of Local Derivatives Market
Ø Short term and Long term Liquidity
Ø Elementary Hedge Applications
Ø Maturity Ladder Limits
Ø Internal Control – The Need and Importance – Financial
PAPER II and Operational risks –
Internal vs External Control Segregation of Duties among
TREASURY MANAGEMENT Front and Back Offices – Management
Information – Netting
A) Scope and Function of Treasury Management:
Ø Objectives of Treasury F) Treasury’s role in International Banking:
Ø Function of treasury – Centralised vs Decentralised Ø Forex Cash Management – Positions vs Cash Flows-
Funding Alternatives
B) Domestic Cash Management Ø Control of Dealing Operations – Trading Limits – Trading
Ø Shor t Term/Medium Term Funding – Meaning and and Operational Policy – Moral and Ethical aspects
Importance of Cash Management Ø Confirmations
Ø Objectives of Cash Management Ø Revaluation Mark to Market and Profit Calculations.
Ø Cash Flow Cycle G) Regulation, Supervision and Compliance
Ø Cash Flow Budgeting and Forecasting Ø The Need and Significance of Internal and External Audit
Ø Electronic Cash Management Ø The Objectives, Role and Functions of Reserve Bank’s
2 3
Supervision and Exchange Control Departments Ø Capital Adequacy Concerns
Ø RBI requirements Ø ALCO Techniques – GAP Analysis, Simulation, Duration,
Ø Recent Developments in the Central Bank’s Policy Analysis and Linear and other mathematical methods.
Framework. D) Hedging the Risk:
4 5
SYLLABUS
Ø Differences between Primary and Secondary Markets Ø Concept of Insider Trading and the Rules Governing Insider
Trading.
Ø Securities Traded – Equity and Debt Instruments – Stock
Exchanges – NSE/OTCEI F) Takeovers:
Ø Methods of Trading – Traditional and Screen Based. Ø Takeover- Code Relating to Takeover - Bhagwathi Committee
Advantages and Disadvantages Recommendations
Ø Nature of Instruments Traded – Shares, Debentures, MF, Ø MBOs, Leveraged Buyouts, Asset Stripping.
Instruments and Gilt-Edged Securities.
Ø Trading in Primary Markets – Rules and Regulations
PAPER II
Ø Trading in Secondary Markets- Concepts of Listing, Permitted
Securities OPERATIONS AND REGULATION OF CAPITAL
Ø Private Placement and the Rules governing thereof. MARKETS
C) Major Players: A) Stock Exchanges and Securities:
Ø Major Players - Roles and Responsibilities, Rights, Duties 1 Payments and delivery mechanism in various Stock
and Liabilities- Seller, Buyer, Broker and the Stock Exchanges; the system followed in NSE - Areas where
Exchanges. improvement could be effected; “Vanda” slips in Stock
Exchanges.
Ø Meaning of Bulls and Bears- Short Sales and Over Bought
Positions. 2 Concepts of immobilization of securities, dematerialisation
of securities, Scrip- less trading.
Ø Licensing of Brokers and the Rules thereof – Capital
Adequacy for Brokers – Concept of Market Makers. 3 Depository Institutions – participants-their rights and
responsibilities.
Ø Foreign Investors viz. FIIs, NRIs , and OCBs – Rights of
Indian Investors and Foreign Investors 4. Securities traded in the market and relationship with
“Negotiable Instruments” – Additional protections under
Ø Mutual Fund as Investors – Rights and Privileges. the N.I. Act.
6 7
B) Valuation of Securities: 2 Ownership pattern of MBs: ownership patterns against
the level-playing concepts: Principle of Privileged Information;
1 Various method of Valuation of Securities: Break –up value,
Chinese Fire Walls
P.E ratio, intrinsic value, future earning potential etc.
3 Differences between MBs and Commercial Banks; MBs
2 Research in regard to Securities valuation: who is best
and Brokers; MBs and Investment Banks.
placed to do broker, large institutional investors, Merchant
Bankers or others. 4 Ownership of MBs by non-finance i.e., industrial and trading
companies- Practices in USA/UK/Europe/India; Problems
3 Differences in valuation in primary markets between GDR/
in such ownership
ADR and local sales; Reasons for such differences.
4 Arbitrage opportunities between GDR/ADR and local B) Role and Functions of Merchant Bankers
markets, Exploitation of the GDR/ADR market.
1 Primary markets and MBs – concept of Lead MBs –
C) Derivatives: responsibilities of Lead MBs at various stages of an Issue
Underwriting obligation of an MB – Voluntary or Mandatory.
1 Derivative instruments - definition and their special
characteristic. 2 Concept of Due Diligence: MB’s pivotal role in Prospectus
for new Issues/Letters of Offer for Rights Issues;
2 Distinction between Options and Futures: Merits /Demerits responsibilities of Lead and other MBs.
of such instruments.
3 The other supporting agencies to an Issue viz, Registrar,
3 Concepts of “Badla” Trading in India, “Badla” Trading vs. Advertiser, Bankers to the Issue and their relationship with
Futures Trading Lead MBs; Issusing Company vis-à-vis Lead MBs.
4 Index-linked instruments-Repos trade – Stock lending; 4 Allocation of responsibilities to different MBs for various
Concept of Securitisation. stages of the Issue – formalities to be complied with;
Catergorisation of MBs, Maximum number of MBs
D) Regulatory Framework: permissible for an Issue; Inter – se responsibilities among
1 Regulatory framework for Capital markets- an Overview- MBs to an Issue.
role and functions of SEBI vis-a-vis capital markets.
C) SEBI and the Regulatory Framework
2 Regulation of gilt-edged marketers: role of RBI in relation
to trading in gilt-edged securities by Banks and Non-Banking 1 Regulator for MBs: SEBI; Directives/Guidelines issued by
finance companies. SEBI to MBs
3 Various legal provisions governing capital markets – SEBI 2 Penal provisions that may be invoked by SEBI; Appellate
Act, Companies Act, Securities Contract (Regulations) Act. Authority thereof.
Depositories legislation. 3 Concept of Self Regulation – Association of Merchant
Bankers in India.
D) Other Activities of MB
PAPER III
1 MBs’ activities in Secondary markets- Money and Capital
MERCHANT BANKING markets – area of conflict of interests.
8 9
3 MBS’ role in Project Appraisal –Research in Securities
SYLLABUS
4 Other activities of MBs- Fund-based such as, Leasing
Portfolio Management Services (PMS); Role of advisors DIPLOMA IN INTERNATIONAL BANKING AND
to foreign investors; Desirability of allowing proprietary trading
FINANCE
in Secondary markets by MBs in Equities. Debt instruments
and Gilt – edged securities. PAPER I
Recommended Reading : INTERNATIONAL BANKING OPERATIONS
Name of the Book Author Publishers
International Banking – Multinational banking Definintion,
1. Bharat’s Manual of Dr. J. C. Verma Bharat Publishing Characteristics, Structure and Composition of Assets/Liabilities,
Merchant Banking House Contributory factors for growth.
2. Managing Prasanna Chandra Tata McGraw Internationalisation, Globalisation, Securitisation.
Investments Publishing Co.
3. Capital Market V. A. Avadhani Himalaya Wholesale banking and Retail banking, Interbank business,
Management Publishing House International Private banking.
10 11
PAPER II International Debt Crisis – Origin, Size, Causation, international
measures combat the problem – Re-scheduling, New Money,
INTERNATIONAL BANKING: LEGAL AND Debt- Equity Swaps, IMF Conditionality and SAP, Baker Plan,
REGULATORY ASPECTS Brady Plan.
REGULATION OF INTERNATIONAL BANKING Mexician Peso Crisis 1994 and after – IMF and World Bank
move on debt initiative.
q Regulation, Deregulation, Reregulations $ Regulatory
Dialectic – Regulatory Arbitrage – Regulatory capture.
q Basle Concordat PAPER III
q Capital Adequacy Ratios
INTERNATIONAL CORPORATE FINANCE
q Loan Loss Provisioning
General Principles of lending with special reference to international
Conflict of Laws and multinational corporations – Assessment of risks, information
sources, types of facilities, security, pricing, analysis of balance
The importance of the choice of laws. Factors influencing choice sheet, monitoring lending, work-outs.
of laws. Express choice of law. The proper law concept.
Documentation and law and the obligation of borrowers.
Market practice in relation to choice of law clauses. The
importance of “conflict” principles to international lending. International credit rating agencies and rating Criteria.
12 13
Syndicated Loans:
SYLLABUS
q Multicurrency Options
q Syndication process in practice DIPLOMA IN ADVANCED RURAL BANKING
q Offer document and mandate, Loan Agreements. PAPER I
q Rights and duties of Managing and Agents Banks.
RURAL ECONOMIC ENVIRONMENT
Project Finance: A) Rural India – An Introduction
Bank acceptance Facilities, Commercial Paper, Euro Commercial 1 Demographic Features:
Paper, Management Buy-outs, Leveraged Buy-outs.
Population, occupation, literacy, socio-economic development
Equity or Equity Linked Issues – ADRs, GDRs. indicators – HDI of UNDP – Health, Nutrition and Education
– urban migration
Corporate Treasury Management – Currency/ Interest Rate
Exposure Management – Problems and Techniques – Identifying 2 Characteristics of Rural Society
exposures and understanding instruments and/or methods for
Economic life of rural people – local institution – caste
minimising and/or managing it.
and power structure – rural (social) stratification
Corporate application of Derivatives:
3 Economic Features:
q Exchange traded instruments
Share in National income-trends in per capita income,
q Over The Counter (OTC) Instruments. rural indebtedness – formal rural money markets.
q SWAPS, Financial Futures, Forward contracts, Options,
FRAs, Leading and Lagging, 4 Rural infrastructure
q Netting and Currency Borrowing. Transport, markets power, other services
B) Agricultural Economy
14 15
C) Rural Management Issues sustaining rural society- Rural credit needs – production and
q Rural Marketing investment need – estimate of credit requirements.
16 17
IRDP,DWACRA,TRYSEM.SCAP/STAP,MNPA,JRY – Mehta C) Regional Rural Banks
Committee Report on IRDP. Genesis and need – Historical background – problems of RRBs
– structural and other weaknesses – Dantwala committee, working
D) Problems and Prospects in Rural Financing group of RRBs (Kelkar committee report) – Recommendations
Problems and prospects in rural financing – sustainability and of committee on Financial sector reforms – recent policy changes
outreach – overdues – linkaging of Credit with marketing, relating to RRBs – Deregulation of interest rates and prudential
transaction costs, coverage of rural families. norms – Turnaround strategies – DAP/MOU for revamping and
re-structuring.
Gender equity – problems of women in assessing credit
Empowerment of women and income. D) Rural Banking in Commercial Banks
Generating activities approaches and possibilities of financing Rural lending by commercial banks- problems of rural branches
women (WDC’s, NGO’s, Govt. Schemes). of commercial banks – transaction cost and risk cost of rural
financing – Rural branches profit centre, impact of recent policy
Country experiences in rural banking { (RBI, Indonesia, Grameena changes – prudential norms.
Bank (Bangladesh) Bancosol (Bolivia)}.
E) Local Area Banks / Other Financial Institutions –
Emerging Trends
Genesis – RBI Guidelines on Local Area Banks / Other financial
PAPER III
Institutions like private banks, Non- Banking Financial Companies,
RURAL FINANCIAL INSTITUTIONS Linkages with informal money markets – some experience.
Regulatory framework of RFIs – Reserve Bank of India and its Emerging Trends in rural banking – financing poor as bankable
policy and functions in rural banking – National Bank for opportunity.
Agriculture and Rural Development (NABARD) and its role in
Microcredit – summit declaration and follow up
rural development – Impact of economic liberalisation and
derugulation of interest rates in RFIs. SHG / Linkage with Banking
18 19
Planning, Analysing, Designing and Implementing
SYLLABUS Computerization in the Banking Sector.
20 21
q Virtual Banking. Future Trends:
q KIOSKS q Explosion of Information.
q EDI in Banking q Source data Automation (SDA) – OCR Techniques.
q Telemarketing q Data Storage on CD–ROM and with Multimedia.
q Outsourcing.
q Line MIS (Departmentwise MIS).
PAPER II
q Electronic Bulletin Board.
DESIGN, DEVELOPMENT AND q Electronic Conference (Electronic File – Sharing).
IMPLEMENTATION OF INFORMATION SYSTEMS
q Group Decision Support System (GDSS).
SECTION A: Overview of Electronic MIS
q Challenges to banking organisations.
PAPER III
q Structure of Electronic MIS.
SECURITY IN ELECTRONIC BANKING
q Electronic MIS for operating control, Management Control,
Strategic Control.
SECTION A: Overview of Computer and Communications
q Electronic MIS, Systems Analysis, Design. Security
q Electronic EIS q Physical Security Environment
q Electronic DSS q Intrusion Prevention
q Intrusion Detection
SECTION B: Data Warehousing, Data Mining.
q Information Destruction
q Banking on Internet – Web Page – Intranet
q Power Protection
q Planning, designing and developing Intranet for an
organisation. q Fire Protection
q Water Protection
SECTION C: Planning, designing and developing Electronic
MIS. q Contingency Planning
22 23
q Communication Security Threats q Auditing considerations
q Dial up Security and Hackers q External/Internal EDP Auditing
q Automated Network Administration. q Computerized Auditing Techniques.
q Different types of Computer Viruses q Analyse an off the shelf software package and
parameterising to suit the bank’s requirements for
q Prevention/detection and Control of Viruses
Implementation.
q Implementing an effective Anti-virus Policy
q Writing/developing a package by using one of the existing
q Trouble Shooting of Viruses RDBMS packages.
q Software Write Protection Tools (Product) a) Executive Information Systems.
q Automated Hard Disk Lock System (lock up) b) Office Automation Systems.
q Hard Disk Head Protection (Park) c) Bank Systems Automation – like Fixed Assets, Pension
Payments.
q Memory resident viruses protection
d) Security Check Systems.
q Virus scan.
e) Auditing Systems.
q Clean up.
f) Accounting Packages.
SECTION D: System Audit and Computer Crime g) Data base creating/data mining.
h) MIS designing.
q Computer crimes – computer crime techniques, concepts
i) Any other area relating to banking
q Control and prevention
q Computer Audit Ø Planning and designing a system for full computerisation
of a branch/networking of branches with appropriate system
q Systems Audit
re-engineering.
q Security Administration
Ø Planning and designing an ATM system/Credit Card System/
q Audit Security Administration
Telebanking.
q Systems and procedures of systems Audit
Ø Planning and designing Intranet for the Bank.
24 25
OPERATIONAL MODALITIES OF q Planning and designing a system for full computerisation
‘PAPER – IV: PROJECT WORK’ TO AWARD DBT of a branch/networking of branches with appropriate system
re-engineering.
The DBT project is of great significance in testing candidate’s q Planning and designing an ATM system/Credit Card system/
virtuosity in Information Technology and judges his ability to Telebanking.
independently take charge of project/system development.
q Planning and designing web based banking applications.
The subject of the project is to be chose by the candidate in
The list is only illustrative list of areas for the said work
consultation with the project guide, which should be approved
and not exhaustive.
by the IIB-Project Evaluation Committee.
The project is to be completed within a period of l80 days from Mode of Operation:
the date of commencement.
1. IIB prescribes qualifications for the experts to act as project
An illustrative list of subject areas is transpired below. Project supervisors as under:
report will be followed by the Viva-Voce. Project evaluation and
Qualifications of the Project Guide
Viva-Voce will be conducted by IIB.
The project guide should have the following qualifications:
Project Work – Subject Areas
q The candidates will be asked to submit project reports on From Educational Institutions:
any one of the following areas.
q At the rank of Sr. Lecturer and above with a minimum of
q Comparing, analysing, standardisation of any of the already 5 years experience in IT area.
implemented softwares and augmenting/debugging.
OR
q Analyse an off the shelf software package and
parameterising to suit the bank’s requirements for From the Banking Sector:
implementation. q Must be a scale III Officer and above with a minimum of
three years service as Computer Professional in the field
q Writing/developing a package by using one of the existing of Hardware, Software or telecommunications.
packages.
a) Executive Information systems 2. IIB prescribes guidelines for carrying our project work
26 27
three theory papers. These papers will have to be cleared report has to be submitted in the prescribed format.
in 3 years time from entering for the Diploma Examination.
The project work should be completed within 6 months of 6. PEC will approve or suggest modifications and communicate
clearing the said three papers. If the candidate was not to the candidate about the result.
able to complete the project work within 6 months he may
be given an extension of further 6 months to complete the 7. Viva-Voce will be conducted by the IIB once in a year
project by the Institute. depending upon the no. of eligible candidates. The viva is
d) If due to any reason the candidate could not complete the to verify the bonafide of the candidate in doing the project
project work within the said 12 months he may be allowed work by himself.
at the discretion of the IIB to take up a new project and
complete within one additional period of 12 months. IIB will:
e) In case the candidate fails to complete the project within a) Maintain a list of DBT Project Guides and assign registration
the time limit stipulated under (d) above, he will have to number to the new Guides.
re-register for the diploma foregoing the credits obtained b) Form a DBT-Project Evaluation Committee (DBT-PEC) to
for passing the three theory papers and will have to start monitor the project and communicate to the candidates
afresh. and Guides.
f) IIB may accept the project supervisor’s name submitted c) Allot project Guides to the candidates if needed.
by the candidate or IIB may allot on its own. d) Evaluate Project Report, accept and permit the candidate
g) Time extension for project completion has to be obtained to appear for viva.
from IIB by submitting: e) Conduct project viva-voce in different centres depending
_ reasons for extension on need once in a year as per announced schedule.
b) Project synopsis
28 29
PROFORMA DBT-PEC PROJECT COMMENCEMENT APPROVAL NOTICE
Signature of the Candidate Signature of the Guide 5. You are also requested to submit a progress report in the
30 31
4th month after commencing the project from the Project Guide DBT PROJECT SUPERVISOR
on the following lines. REGISTRATION FORM
“This is to Certify that Shri…………………. Who is working under
my guidance on the project “………………….” For the Diploma 1. Name and Address:
in Banking Technology has started the Project Work and the
2. Designation with Grade:
progress is satisfactory/excellent. Going by the current speed
of the Project Work, he would be able to complete the work on 3. Qualifications:
or before ……………………”
4. IT qualifications:
5. Experience summary:
DIRECTOR OF EXAMINATIONS
6. Projects handled, if any:
Signature
OFFICE USE
Approved/
Not Approved …………………..
2.
3.
32 33
FORMAT OF THE FINAL
SYLLABUS
DBT-PROJECT REPORT
(To be submitted by the candidates) PROGRAM ON MUTUAL FUND MANAGEMENT
PAPER I
1. Cover Page: Title
DBT-Reg. No. CAPITAL MARKET- ROLE AND STRUCTURE
Candidates name & address
A. Nature and structure of Indian Capital Market
Supervisor’s name & address
Ø Money market, debt market and equity market - Need,
Month and year of submission importance, distinction and instruments
2. Certificate from the supervisor: Project shall be original Ø Various instruments and players in the equity market
and not copied from existing material from any source Ø Primary securities markets -issues, intermediaries and
and a certificate to that effect will be provided by project instrument (existing and emerging)
supervisor.
Ø Merchant banking /Underwriting
3. Contents
Ø Secondary markets for different instruments
4. Approach to project and time frame
Ø Stock exchanges and OTCEI
5. Summary/abstract of the work with objectives Ø Functions and growth of stock exchanges
6. Project design description with appendices to cover: Ø Issues in efficient functioning of stock exchanges
Flow charts/Data flow diagrams etc. Ø Mechanism of trading on stock exchanges
Hardware configurations & software tools used Ø Role of brokers, market makers and jobbers
Quality Assurance Ø Methods of quoting securities
The contents are to be organised into different chapters Ø Cash and forward transactions / Badla and Hawala
7. Test data, if any, and results Ø Procedures for share transfers
34 35
Ø Corporate debt market D. Information Sources & Analysis
Ø Government Securities market Ø Stock Market Indices - Bond market indices and Sectoral
indices
Ø Primary Dealers
Ø Electronic Information Dissemination Systems: Reuters,
Ø Money Market Bridge systems, Bloomberg, Internet Web pages -
Ø Role of the Reserve Bank of India in the Debt Market Institutional Home pages and personal finance pages,
finance portals.
Ø Role of the Financial markets in the Merger and Acquisition
activities Ø Financial Papers & Magazines
B. Regulatory Framework
PAPER II
Ø Government Policies in relation to capital market
INVESTMENT MANAGEMENT
Ø Impact of Fiscal and Monetary policies
Ø Controls and regulations A. Investment Objectives & Avenues:
Ø Regulation of stock exchanges with special reference to Ø Safety, liquidity and Return
Securities Contract (Regulation) Act. Depository legislation,
Ø Risk- Return trade -off
Companies Act. Various legal provisions relating to capital
market Ø Fixed Income investment
Ø CCI and SEBI Ø Equity investment opportunities
36 37
Ø Comparison of Financial Results - sequentially and year Ø Systemic risk and unsystemic risk
on year
Ø Risk adjusted returns
Ø Cash flow analysis
Ø Capital asset pricing model
Ø Results of subsidiaries, affiliates and foreign operations Ø Timing of investment
Ø Corporate taxation Ø Tax incentives and implications
Ø ESOPs Ø Trading costs
Ø Financial statements in US GAAP Ø Performance evaluation
Ø Growth analysis Ø Outperformance/Underperformance
Ø Margin analysis Ø Performance consistency
Ø Breakeven analysis
E. Portfolio Planning and Management Ø History of Mutual Funds in India - Public and Private Sector
funds, Foreign Funds
Ø Selection of investment to meet diverse needs of investors
Ø Size of industry
Ø Concepts of risk and return
Ø Growth trends
Ø Diversification
Ø UTI (its role in Mutual Funds sector, unique structure)
Ø Risk measurement
Ø Mutual Funds place in Financial Markets
Ø Variance analysis - mean - covariance analysis - data
analysis Ø Measuring and evaluating Mutual Fund performance.
38 39
C. Knowing the Investor Ø Marketing by intermediaries
Ø The role of the investment guide Ø Marketing and sales promotion: investor education -
matching product benefits with investor needs, positioning
Ø Getting to know the investor
of various types of schemes - target segment, advertising
Ø The kinds of investors of mutual funds, ethics and information disclosure,
comparison of mutual funds vis-à-vis other investment
Ø Recommending Strategies for Investors avenues, comparison among mutual funds.
Ø Understanding investor profile Ø Customer service: electronic holding statements, customer
Ø The know your investor rule in practice - case examples complaints, and consumer courts.
Ø Retirement planning/ “phase of life” investments E. Systems, procedures, practices and problems
Ø Servicing the investor Ø Issue management: investments through credit cards,
Ø Strategies to maximise returns systematic investment plans
Ø Savings schemes and plans: Understanding investor profile
D. Types of Funds - Investment needs & savings goals - risk return profile
(age-group, retired, life cycle financial planning)
Ø Design of Mutual Funds Products
Ø Funds deployment and management: prudential norms
Ø Innovations in Mutual Funds Products for investment - industry-wise exposure limits, investments
Ø Open end funds/closed end funds, load funds, no load in non-listed securities, spot transactions industrywise
funds, tax exempt and non tax exempt funds exposure limits, investments in non-listed securities, spot
transactions.
Ø Money market funds
Ø Country Funds and management: need for offshore funds,
Ø Equity funds - aggressive growth funds, small cap funds, tax treaty with Mauritius, customer offshore funds.
growth funds, growth and income funds, value funds, equity
Ø Automation & Computerisation Role of the Internet, e-
income funds, equity offshore funds, option income funds.
commerce, web based transactions and customer service,
Ø Debt funds - corporate bond funds, government securities and online investments.
funds, tax exempt bond funds, municipal bond funds,
mortgage backed bond funds, specialised bond funds F. Core Operations of the Mutual Funds
(infrastructure/real estate, high yield bond funds, offshore/ Ø Back Office Operations - Role of Custodians, Clearing
global bond funds/single country funds, single state funds. houses and Depositories
Ø Hybrid Funds - balanced funds, growth & income funds, Ø NAV calculations: MF Accounting Software
asset allocation funds
Ø Cash Flow/ Banking operations
Ø Commodity funds - precious metal funds, single versus
multi commodity funds Ø Investor Servicing - Registrars and their role, Communication
to the Investors
Ø Real estate funds - growth funds, income funds.
Ø Systems for smooth operations of the Mutual Funds
Ø Sectoral funds - Technology, FMGC, Pharma and other
securities. G. SEBI Mutual Fund Guidelines and Notifications
Ø Marketing of Mutual Funds Ø Significant Guidelines and Notifications - How they help in
40 41
maintaining the transparency of operations and level playing
field among the funds.
Ø Compliance
Recommended Reading :
42 43