UNIQUE SERIES AKTU Syllabus
BMBAIFM02

Financial Markets, Products and Services

L-T-P3-0-0 Session2026-27 (W.E.F 2024-25) TypeTheory
Appears in 1 semester

MBA Integrated · Sem 5 (Specialisation: Finance)

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Syllabus

5 units · 40 lecture hours
Unit1

Unit 1: Financial System and Market Structure

10 hrs

Financial system: meaning, structure, functions, and significance; financial intermediation and role of intermediaries; money market instruments (Treasury Bills, CPs, CDs, call money, MMMFs); capital market structure; primary and secondary markets; IPOs, book building, rights issue, bonus issue; stock exchanges (NSE, BSE); trading mechanisms, settlement cycle (T+2), demat system; SEBI role and regulatory framework; investor protection mechanisms; Digital Financial Ecosystem in India (UPI, NEFT, IMPS architecture overview); Digital wallets and payment gateways; Introduction to Digital Banking and Neo-banks.

Unit2

Unit 2: Leasing and Hire Purchase

8 hrs

Concept of leasing; types of leases; lease evaluation from lessee and lessor perspectives; advantages and limitations; tax implications; buy vs lease decision-making; hire purchase system; comparison between hire purchase and installment purchase; major leasing institutions in India and their role in financial decision-making; Introduction to Blockchain and smart contracts in leasing agreements.

Unit3

Unit 3: Mutual Funds and Credit Rating

8 hrs

Mutual funds: structure, types, advantages, and limitations; NAV calculation; SIP and SWP; entry and exit loads; mutual fund regulation in India; credit rating agencies; rating process, symbols, and methodology; role and importance of credit ratings in investment decisions; Robo-advisory, Algorithm credits and AI-based portfolio recommendations

Unit4

Unit 4: Securitisation and Financial Services

6 hrs

Concept of securitisation; process and structure; benefits and limitations; overview of financial services industry; fund-based vs fee-based services; role of financial intermediaries in service delivery; introduction to structured financial products in modern markets; Introduction to tokenisation of financial assets and RegTech (Regulatory Technology) for compliance automation.

Unit5

Unit 5: Factoring, Forfaiting and Bill Discounting

8 hrs

Factoring: meaning, types (recourse/non-recourse), domestic and international factoring; cost structure and process; bill discounting and rediscounting; forfaiting: mechanism, features, and applications; comparative analysis of factoring, forfaiting, and bill discounting; practical applications and numerical problems.

Course Objectives5 points
  • To understand the structure, role, and functioning of financial markets in the economy.
  • To analyse different financial products and their risk-return characteristics.
  • To evaluate the role of financial intermediaries and financial services in capital formation.
  • To apply financial concepts to real-world investment and financing decisions.
  • To develop analytical skills for evaluating financial service instruments and market-based solutions. Course Contents
Course Outcomes (COs)5 outcomes

After completion of the course student will be able to:

  1. CO1Explain the structure, functions and regulatory framework of the Indian financial system.K2 (Understand)
  2. CO2Differentiate money market and capital market instruments and their uses.K2 (Understand)
  3. CO3Describe financial products and services such as mutual funds, leasing, hire purchase, credit rating and securitisation.K2 (Understand)
  4. CO4Apply the mechanisms of factoring, forfaiting and bill discounting to business financing situations.K3 (Apply)
  5. CO5Apply financial market concepts to investment, financing and risk management decisions.K3 (Apply)

Suggested Readings (Latest Edition)

  1. Chishti, S. & Barberis, J. The FinTech Book: The Financial Technology Handbook for Investors, Entrepreneurs and Visionaries. Wiley.
  2. Kohn, M. Financial Institutions and Markets. Tata McGraw-Hill.
  3. Fabozzi, F. J., & Modigliani, F. Foundations of Financial Markets and Institutions. Pearson.
  4. Khan, M. Y. Financial Services. Tata McGraw-Hill.
  5. Khan, M. Y. Indian Financial System. Tata McGraw-Hill.
  6. Machiraju, H. R. Indian Financial Systems. Vikas Publishing House.
  7. Pathak, B. V. Indian Financial System. Pearson Education.
  8. Sharma, S. K. & Singh, R. Financial Technology (FinTech) and Digital Banking in India. Himalaya Publishing House.
  9. Pathak, B. V. Indian Financial System. Pearson Education. (Includes structured coverage of digital finance, payment systems, and FinTech developments in India)
  10. Mishra, S. K. & Sarma, R. K. Digital Banking and Financial Services in India. McGraw Hill Education (India).

Official AKTU syllabus

This subject is on page 45, 46 of the original AKTU PDF.

Official AKTU syllabus PDF ↗