PGED - FM

POST GRADUATE EXECUTIVE DIPLOMA IN

FINANCIAL MARKETS 2013

(One Year Weekend Programme for Working Professionals)

Vision

To establish the Institute as a centre par excellence for courses and research in financial

markets and for developing high calibre professionals for the industry and academia.

Mission

To undertake to develop and deliver high quality programmes in financial markets by

maintaining excellent standards of education, ethics, integrity and discipline.

To create an innovative, dynamic and world class methodology towards building financial

education for the benefit of industry, society, students and other stakeholders.

Contents:

1. About GIPE

2. About NSE

3. From the Director‟s Desk

4 From Management‟s Desk

5. The Financial Industry

6. Course Overview

7. Salient Features

8. Course Structure

9. Pedagogy

10. Industry Exposure

11. Career Options

12. Eligibility Criteria And Selection Process

13. Information For Prospective Students

14. How To Apply

15. Programme Fees

16. Application Form

ABOUT

GIPE

Founded in 1930, the Gokhale Institute of Politics and Economics (GIPE) is one of the oldest

institutions for economics teaching and research in India. Though mainly a research Institute,

from its inception the M.A. and Ph.D degrees offered by GIPE were recognized by the University

of Bombay. With the establishment of the University of Poona (1949), GIPE became a

constituent recognized institution of that University. In 1962, recognizing its contribution to

research in agricultural economics, the University Grants Commission (UGC) selected the

Institute as a Centre of Advanced Study in Agricultural Economics. The scope was broadened

two years later when the UGC declared GIPE as a Centre of Advanced Study in Economics. In

1993, Keeping in view its professional standing and scope for further development, the

Government of India declared GIPE as „Deemed to be a University‟.

The Institute is located in the premises of the Servants of India Society, established in 1905 by

the great Indian nationalist leader Gopal Krishna Gokhale (1866-1915). On the Fergusson Hill

behind the Institute lies the spot where Gokhale took the vows of the Society – poverty,

obedience, and service to nation - and administered them to three others. It has become a

landmark because of the erection of a column there. Gokhale‟s bungalow still stands in the

precincts of the Society. So does a massive banyan tree under which Gokhale and M.K. Gandhi

used to discuss political issues. Gandhi regarded Gokhale as his „political guru‟. The Gokhale

Institute was established in 1930, incorporating the Servants of India Society library.

About

NSE

NSE is the world‟s 3rd largest stock exchange and no. 1 stock exchange in India. NSE has brought about unparalleled transparency, speed, efficiency, safety and market integrity. NSE has

taken a number of initiatives in India to promote financial market education, financial literacy and vocational courses. It has launched financial markets management programme at 10+2

level in CBSE schools from 2007, financial literacy for about 3 lakh students in Tamil Nadu and in Maharashtra through Maharashtra Knowledge Corporation Limited, Pune. A number of

universities such as GGS Indraprastha University, New Delhi, Punjabi University, Patiala, MD University, Rohtak, Bharti Vidyapeeth, Pune have launched MBA and BBA in Financial Markets in academic collaboration with NSE to provide vertical mobility in financial market to the school

students. NSE's Certification in Financial Markets (hereinafter called as NCFM) is an online testing system, a revolutionary concept in administration of examinations and the only one of its

kind today in the country. It is virtually a bench mark in financial market industry and many employers rely upon NCFM modules passed by the students while considering them for employment.

The National Stock Exchange (NSE) is India's leading stock exchange covering various cities and towns across the country. NSE was set up by leading institutions to provide a modern, fully

automated screen-based trading system with national reach. The Exchange has brought about unparalleled transparency, speed & efficiency, safety and market integrity. It has set up facilities that serve as a model for the securities industry in terms of systems, practices and procedures.

NSE has played a catalytic role in reforming the Indian securities market in terms of

microstructure, market practices and trading volumes. The market today uses state-of-art information technology to provide an efficient and transparent trading, clearing and settlement mechanism, and has witnessed several innovations in products & services viz. demutualisation of

stock exchange governance, screen based trading, compression of settlement cycles, dematerialisation and electronic transfer of securities, securities lending and borrowing,

professionalisation of trading members, fine-tuned risk management systems, emergence of clearing corporations to assume counterparty risks, market of debt and derivative instruments and intensive use of information technology.

FROM THE DIRECTOR’s DESK

The Post Graduate Executive Diploma in Financial Markets

is a unique programme designed in collaboration with NSE. It is for those professionals and

practitioners who desire to excel in their careers on the strength of their knowledge and

understanding of the financial markets. The course lays special emphasis on equipping

candidates with practical exposure through mock simulation trading and visits to national and

international financial centres. Financial markets have grown tremendously in size, depth and

liquidity over the years. Along with the phenomenal growth has grown the complexities and risks

in the markets. Similarly, complexities have grown with the emergence of new and sophisticated

financial products which have exploded in trading and outstanding exposures. To stay ahead of

the curve and emerge as a successful professional one has to have strong knowledge of the

financial markets and products. The premise of the programme rests on the motto of acquiring

skills to make informed decisions.

The design, depth and the delivery of the programme is ensured through regular monitoring of

the programme by a high level Academic Advisory Committee comprising of eminent academicians and practitioners. Similarly, the oversight of the programme is a continuous

process and the Academic Advisory Committee regularly monitors the quality and the relevance of the programme. Experienced and eminent faculty from the institute and industry would provide the necessary dimension to make interactions between faculty and students a rich and

rewarding experience.

I would like to welcome the participants joining this prestigious programme of GIPE, in collaboration with NSE and assure them of the best learning environment.

Dr. Rajas Parchure Director, GIPE

FROM THE MANAGEMENT’S DESK

Its my pleasure to welcome you to the Post Graduate Executive Diplma in Financial Markets, a joint collaborative programme by the Gokhale Institute of Politics & Economics (GIPE) and the National Stock Exchange (NSE). The participants of the programme shall understand the cutting-

edge financial market concepts, to applying conceptually sound techniques for obtaining an edge over competition.

NSE aims at cultivating a culture of knowledge to help professionals to take informed decisions relating to the securities market and has initiated a number of educational initiatives such as

certification programs, training, financial literacy at school level, short term courses at college level etc. to develop of a pool of human resources having right skills and expertise to help

enhance quality intermediation in the financial markets. The Financial education has been a key focus area of NSE for many years. The exchange has

conducted hundreds of seminars on financial literacy, to bring more people into the financial mainstream. Post Graduate Executive Diploma in Financial Markets equips the participants with

comprehensive knowledge and skill enhancement to meet the vibrant demands of the financial sector both at the domestic and at international levels.

NSE and GIPE brings together the renowned academicians and financial experts associated with major corporate houses, business conglomerates and academic institutions. This unique

combination ensures that students learn comprehensive, state-of-the-art financial thinking and techniques, practiced in the rapidly growing and diversified Indian markets.

Ravi Narain

Managing Director, NSE

THE FINANCIAL INDUSTRY

The Indian economy is the world‟s second fastest growing economy today and is expected to

become a US$ 5 trillion economy by 2020. Driven by rising personal incomes, corporate

restructuring, de-regulation and liberalisation of financial market, Indian financial industry is

expected to enjoy robust growth during coming years. With a sustained growth and rapid

development in technology and infrastructure, an increasing share of financial services would get

centralized.

The last decade has seen unprecedented growth in India¡‟s financial services sector. It employs

over 3 million people, constitutes about 5% of the GDP and has an estimated market

capitalization of over US$ 200 billion.

“As India experiences continued economic growth, the financial sector could generate

about 10-11 million jobs and a GDP contribution of US$ 350 to 400 billion by 2020”

- Mc Kinsey & Co. study conducted for Gujarat International Finance Tec-City

The one year executive programme in financial markets has considered the changing needs and

the future requirements of the financial industry and equip you with the most contemporary

skills and knowledge required to capitalize forthcoming opportunities in the financial world.

COURSE OVERVIEW The Post Graduate Executive Diploma in Financial Market (PGED-FM) is a 1 year week end

programme designed jointly by GIPE and NSE with the objective of developing trained professionals capable of occupying positions of responsibility in stock exchanges, commodity

exchanges, regulatory bodies market intermediaries, banks, mutual funds and asset management companies and other similar entities.

The uniqueness of the programme lies in its extensive use of market professionals as resource persons for the programme. Apart from sound grounding in academic concepts pertaining to the

capital markets, the participants will get a change to interact with senior regulatory officials, executives of exchanges, leading merchant bankers, institutional investors and FIIs.

The programme is comprehensive in nature, covering all financial markets – cash equity, equity derivatives, currency derivatives, commodities and foreign exchange. What has been sought to

be achieved is an ideal blend of useful theoretical knowledge and its application to capital markets. Pedagogy for the programme comprises class room teaching, case studies, panel discussions, presentations and visits to national and overseas financial centres.

The effective delivery of the program requires proper appreciation of „applied financial data

analysis‟. The institute facilitates the participants towards application of Information Technology in various paradigms of IT interfaced learning by designing the curriculum accordingly.

SALIENT FEATURES:

Certification – PGED-FM is a comprehensive financial markets programme designed jointly by the Gokhale Institute of Politics & Economics and the National Stock Exchange. The diploma for the 1 year Post Graduate Programme, weekend format, is awarded by the Gokhale Institute of

Politics & Economics, a deemed to be University u/s 3 of the UGC Act, in collaboration with the National Stock Exchange.

Program – PGED-FM is a one year executive programme that begins with a 2 days campus

immersion schedule at a venue near Pune followed by classes on every Saturday and Sunday at

Pune and Mumbai for the ease of working professionals.

Industry Vetted Content – NSE and GIPE jointly deliver rich industry oriented curriculum

designed to improve the essential skills of the finance professionals. The content is continuously

updated based on innovation and leading practices in the financial industry.

Experienced Peers – The program is restricted to only those with atleast 2 years of relevant

work experience. Studying along with experienced finance professionals will nurture your talent

and helps you to regularly up-skill yourself to stay competitive in the financial world.

Excellent Faculty – The combination of senior academicians at GIPE and practicing securities

market professionals at NSE successfully deliver the theoretical and practical aspects of the

dynamic curriculum of PGED-FM. Our core, honorary and adjunct faculty stands out for its sound

academic credentials and impressive industry experience.

Live Market Training – Minimum 150 hours of skill development sessions are imparted to

students which involve extensive training through market simulation internet based software

from NSE i.e. NLT (NSE Learn to Trade).

Global Exposure – The programme is designed to empower students to become successful

finance professionals in the challenging global scenario. It incorporates a 7-8 days tour to

Singapore which is a premier access point for asian capital and investment exposure.

Placement Assistance - NSE and GIPE have a dedicated placement committee that acts as a

link between students and industrial houses. The assistance is provided in form of on-campus

and off-campus recruitment events organized for students to interact with the potential

employers.

COURSE STRUCTURE

The programme has been designed to cover 20 papers in four quadmesters. Followings are the

list of papers which are to be taught during the course.

Post Graduate Executive Diploma in Financial Market

S. No. Paper Name Covered by

Quadmester 1

1 Financial Institutions & Markets GIPE

2 Capital Market Operations NSE

3 Statistical Techniques for Financial Markets GIPE

4 Accounting and Taxation for Managers GIPE

5 Economics for Financial Markets GIPE

Quadmester 2

1 Corporate Finance GIPE

2 Equity Derivative Market Operations NSE

3 Financial Advisory Services NSE

4 International Financial Reporting Standards GIPE

5 Commodities Market Operations NSE

Quadmester 3

1 Banking Sector Operations GIPE

2 Financial Regulations GIPE

3 Financial Valuation and Modeling NSE

4 Options Trading Strategies NSE

5 Fundamental Analysis NSE

Quadmester 4

1 Foreign Exchange Management GIPE

2 Technical Analysis NSE

3 Mutual Funds & Debt Markets NSE

4 Wealth Management NSE

5 Project Work GIPE/ NSE

PEDAGOGY

NSE and GIPE together adopts an innovative pedagogy to match contemporary requirements of financial sector and upgrade the student to compete at global level. The curriculum is designed by both industry experts and academicians to create a solid link between conceptual knowledge

and the industry requirements. The class room lectures are supplemented by one or more than one of the following pedagogical tools:

Regular Business Presentations Simulated Trading Sessions Brainstorming

Case Studies Group Discussions

Interactive sessions with Corporate Professionals Role Plays Live Projects

Visit to international financial centres Participation in Business Channels

INDUSTRY EXPOSURE

The students of PGED-FM will have a continuous interaction with the industry through corporate

visits, stock exchange visits, guest lectures, seminars etc. They will be attending intensive

industry integrated training sessions by senior financial experts from top domestic and

international corporate.

CAREER OPTIONS

The PGED-FM provides participants with a wide range of career opportunities:

• Investment Banker

• Financial Planning & Wealth Manager • Analyst - Equity, Technical, F&O, MFs, Commodity, Forex

• Fund / Portfolio / Hedge Fund Manager • Back / Front Office Operations Manager • Surveillance/Compliance/Regulation Manager

• Teaching / Content Development • Financial Journalist

• IT / IT Security / Programmer • Risk Manager

With accelerated growth in financial markets, the course equips students to work with/in:

• Banks • Mutual Funds

• Investment consultancy • Broker Firms

• Insurance Companies • Merchant Bankers • Pension funds

• Financial institutions • Custodians

• Depository Participants • Commodity Markets • Credit Rating Agencies

• KPOs, BPOs

ELIGIBILITY CRITERIA AND SELECTION PROCESS

All participants must have completed Graduation or a degree equivalent thereto from an

Indian University / Institutions recognised by Association of Indian Universities.

The candidate must have 2 years of work experience (full time / part time).

Professional Qualifications like CA, CS, CWA, CFA, MBA, etc. would have an added

advantage.

The selection is based on scrutiny of applications and interview conducted through NSE

platform.

INFORMATION FOR PROSPECTIVE STUDENTS

Activities Date

Application process starts October 15, 2012

Application process close December 3, 2012

Dates of interviews December 8 - 16, 2012

Last date for registration December 24, 2012

1st Installment January 10, 2013

Session starts January 31, 2013

HOW TO APPLY

1. The application form is enclosed. It can also be downloaded from NSE‟s website (www.nseindia.com > Education > Professional Courses). The completed application along with proof

of educational qualification, work experience and a Demand Draft of Rs. 900/- drawn in favour of the Gokhale Institute of Politics & Economics, payable at Pune, be sent to the National Stock

Exchange of India Ltd., SBU-Education Dept., Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai – 400051. The envelop should be super scribed by “Application for PGED-FM”.

3. Last date of Receipt of filled-in Application Form : December 3, 2012

For any admission related queries you may contact the following Admission Coordinators between 10 a.m. to 5:30 p.m.

National Stock Exchange

Contact persons : Ms. Vineeta Sawant / Ms. Namitha Poman / Ms Mansi / Mr. Mahesh

Phone : 9819111072 / 8447151477/ 9818537699, 022-26598216 (Direct)

Email : pgepfm@nse.co.in

Gokhale Institute of Politics and Economics

Contact person : Dr. Lalitagauri Kulkarni

Phone : 9822477474

Email : lalitagkulkarni@gmail.com

PROGRAMME FEES

Option I - Lump sum Fees

S.No. Installment Amount

1 Registration Amount 10000

2 Installment-I (payable 15 days before start of

academic session)

220000

Total 230000

Option II - Installment Plan

S.No. Installment Amount

1 Registration Amount 10000

2 Installment-I

(payable 15 days before start of academic session)

115000

3 Installment-II (payable 15 days before start of III

quadmester)

115000

Total 240000

Option III - Installment Plan

S.No. Installment Amount

1 Registration Amount 10000

2 Installment-I

(payable 15 days before start of

academic session)

60000

3 Installment-II

(payable 15 days before start of II

quadmester)

60000

4 Installment-IIl (payable 15 days before start of III

quadmester)

60000

5 Installment-IV (payable 15 days before start of IV

quadmester)

60000

Total 250000

Note : The programme fees is inclusive of international visit to Singapore (air fare & lodging

charges), cost of study material, examination & certification, skill development through NSE

learn to trade software, lunch and tea provided during the classes.

Gokhale Institute of Politics and Economics In Collaboration With

National Stock Exchange

INVITES APPLICATION FOR

Post Graduate Executive Diploma in Financial Markets (2013)

Choice of centre for the course (please tick)

Pune Mumbai

Name of the Participant (in

BLOCK LETTERS)

Mr./Ms. First & Middle Name Last Name

Father's/Husband's Name

Date and Place of Birth

(enclose copy of birth

certificate or school leaving

certificate)

Nationality

Educational Qualification

(enclose copies of

certificates)

Degree/Certificate University Year of Passing % Marks

Work Experience Designation Organization From To

Address

City: State: Pin Code:

Pho

Pho

Passport Size

Photograph

Phone:

Landline

Country Code STD Code Number

Mobile

Email :

I undertake to declare that upon my admission to Post Graduate Executive Diploma in Financial

Markets conducted by GIPE-NSE, I would abide by rules and regulations governing the conduct of the

programme.

Signature of

Applicant

Kindly enclose a Demand Draft of Rs. 900/- drawn in favour of the Gokhale Institute of Politics & Economics,

payable at Pune, and send alongwith application form to the National Stock Exchange of India Ltd., SBU-

Education Dept., Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai – 400051. The envelop

should be superscribed by “Application for PGED-FM”.

Enclose :

1. Copy of birth certificate or school leaving certificate 2. Copies of educational qualification certificates

Registration form duly completed in all respect must reach before December 3, 2012 at the following

address:

Ms. Vineeta Sawant

National Stock Exchange of India Ltd.

SBU-Education Dept.

Exchange Plaza

Bandra Kurla Complex

Bandra (East)

Mumbai – 400051.

Phone : 9819111072 (Mobile)

022-26598216 (Direct)

For further details please contact: National Stock Exchange of India Limited (NSE)

SBU-Education Dept., Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai – 400051.

Contact persons : Ms. Vineeta Sawant / Ms. Namitha Poman / Ms Mansi / Mr. Mahesh

Email : pgepfm@nse.co.in, Phone : 9819111072 / 8447151477/ 9818537699, 022-26598216 (Direct)