Advance Diploma in Investment Management

The Guru Nanak Dev University's Faculty of Economics and Business offers Advance Diploma in Investment Management course to its students. The course structure for it is as follows:

Part-I

1. DERIVATIVES AND RISK MANAGEMENT
Introduction: Meaning and purpose of derivatives; Forward Contracts, futures contracts, options, swaps and other derivatives; Type of traders; Trading future contracts; Specification of the future contracts; Operation margins; Settlement and regulations. Sources of Financial Risk: Credit Vs. market, default risk, foreign exchange risk, interest rate risk, purchasing power risk, etc.; Systematic and non-systematic risk.

2. Options:
Types of options; Option trading; Margins; Valuation of options;
Binomial Option Pricing Model; Black-Scholes Model for call options, Over-the-counter options, Quotes, trading, margins, clearing, regulation and taxation; Warrants and Convertibles.

3. Futures:
Hedgers and speculators; Future contracts; Future markets, clearing house, margins, trading, future positions, and taxation; Future prices and spot prices; Forward prices vs. future prices; Futures vs. Options.

Part-II
4. Swaps:
Mechanics of interest rate swaps, Valuation of interest rate swaps; Currency swaps and its valuation; Credit risk swaps.

5. Managing Market Risk:
Hedging Schemes; Delta hedging, Theta, Gamma; Relationship in delta, theta and gamma; Vega and rho; Portfolio insurance. Derivative Market in India: Present position in India; Regulation, working and trading activity.

6. Portfolio Analysis, Portfolio selection, Techniques of Portfolio Revision, Performance measurements of managed portofolios.