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The document outlines the DSC 18: Financial Services course, detailing its objectives, learning outcomes, and content structure, which includes topics such as financial markets, merchant banking, leasing, and venture capital. The course is designed for students who have completed Class XII and consists of 4 credits with a distribution of lectures and tutorials. Essential and additional readings are provided, along with an examination scheme in accordance with the University of Delhi's guidelines.

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Lehar Gaba
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6 views

FS

The document outlines the DSC 18: Financial Services course, detailing its objectives, learning outcomes, and content structure, which includes topics such as financial markets, merchant banking, leasing, and venture capital. The course is designed for students who have completed Class XII and consists of 4 credits with a distribution of lectures and tutorials. Essential and additional readings are provided, along with an examination scheme in accordance with the University of Delhi's guidelines.

Uploaded by

Lehar Gaba
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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DSC 18: FINANCIAL SERVICES

CREDIT DISTRIBUTION, ELIGIBILITY AND PRE-REQUISITES OF THE COURSE

Course title & Code Credits Credit distribution of the course Eligibility Pre-requisite
Lecture Tutorial Practical/ criteria of the course
Practice (if any)
Financial Services 4 3 1 0 Class XII NA
DSC-18

Course Objective:

• To arm students with the key concepts, evaluative tools and techniques necessitated by
today’s dynamic banking environment to work cross-functionally within retail and
institutional clients across an extensive range of financial services.
Learning Outcomes:
After studying the course the student will be able to:
• Understand the various financial services available in financial markets particularly in
India along with the latest innovations and technological integration in the field of
finance.

Course Contents:

Unit 1: Introduction to Financial Services (9 hours)


Introduction to Financial Services: Constituents of the Financial Sector – Institutional Structure
(Banking, Insurance, Mutual Funds, Pension Funds, Foreign Institutional Investors) – Financial
Markets (Money, Equity, Debt, G-Sec, Forex & Commodities)) – Financial Sector and the
Pandemic, Basel Accords and Banking Regulation, Emergence of Digital Finance and AI
Based Asset Managers, Discount Broking v/s Full-service Broking.

Unit 2: Merchant Banking (12 hours)


Merchant Banking –meaning, nature and function; merchant banking in India, role in issue
management; Book building process, green shoe option. Mutual Fund: types of Mutual Funds
and different types of schemes, concept of NAV, Credit Rating Agencies: Role and mechanism.
Depository services- meaning, role of depository and their services, Depository in India- NSDL
& CDSL.

Unit 3: Leasing and Hire Purchase (15 hours)


Leasing and Hire Purchase :Concepts of leasing, types of leasing – financial & operating lease,
direct lease and sales & lease back, advantages and limitations of leasing, Lease rental
determination; Finance lease evaluation problems, Hire Purchase interest & Installment,
difference between Hire Purchase & Leasing, Choice criteria between Leasing and Hire

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Purchase mathematics of HP, Factoring, forfaiting and its arrangement, Housing Finance :
Meaning and rise of housing finance in India, Fixing the amount of loan, repricing of a loan,
floating vs. fixed rate, Practical problems on housing finance.

Unit 4: Venture Capital (9 hours)


Alternative Investments: Venture Capital: Concept, history and evolution of VC, the venture
investment process, various steps in venture financing, incubation financing, buy-outs. Real
Estate, Private Equities, Commodities: Concepts, Classification, history Insurance: concept,
classification, principles of insurance, IRDA and different regulatory norms, operation of
General Insurance, Health Insurance, Life Insurance. Securitization: concept, securitization as
a funding mechanism, Traditional and non-traditional mortgages, Graduated-payment
mortgages (GPMs), Pledged-Account Mortgages (PAMs), Centralized Mortgage obligations
(CMOs), Securitization of non-mortgage assets, Securitization in India. US 2008 sub-prime
mortgage crisis. Cases of Bear Stearn, Lehman Brothers.

Essential Readings:
1. Khan, M. Y., Financial Services, Tata McGraw –Hill.
2. Machiraju, Indian Financial System, Vikas Publishing House.
Additional Readings:
1. Verma, J. C., A Manual of Merchant Banking, Bharath Publishing House.
2. Sriram, K, Hand Book of Leasing, Hire Purchase & Factoring, ICFAI, Hyderabad.
3. Ennew. C., Watkins, T & Wright, M. Marketing of Financial Services, Heinemann
Professional.

Examination scheme and mode:


Evaluation scheme and mode will be as per the guidelines notified by the University of Delhi.

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