(1888PressRelease)
April 08, 2009 - New Delhi - The first open programme from NIFM will focus on providing specialized training on the functioning of the capital markets and managing wealth.
NIFM, set up to develop professionally qualified and competent professionals in the field of public Financial Administration, is now also looking at creating competent, well trained professionals in the capital markets, who can not only manage wealth properly but also add values to the organisations that they work with. The course "One year Executive Programme in Capital Markets" has been developed with a focus on "manage wealth... lead future"
The programme has been designed in collaboration with BSE 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 chance 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 classroom teaching, case studies, panel discussions, presentations and visit to national and overseas (optional) 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 interfaces learning by designing the curriculum accordingly.
The USPs of the programme are its comprehensiveness, wherein it covers all major markets, its teaching methodology and interactiveness, in which seasoned market professionals undertake key sessions, wide exposure to overseas financial centres and strong applications orientation, besides the fact that BSE is the collaborator for the programme.
"We believe that our first long duration open programme will equip the professionals with the best on offer. They get to gain from our long lineage of imparting training to the top levels in the finance sector and BSE's understanding of the capital markets. The programme has been uniquely developed to focus on learning's from the more mature markets of the world and extract the best on offer when it comes to optimally managing wealth with reference to capital markets", says Mr. GP Gupta, Director, NIFM. "Our focus is not only on creating highly trained professionals who multiply investor wealth but on creating a specialist who is well versed in international laws and helps focus on wealth creation for all, ethically and legally", he adds.
The course has been divided into 4 parts where each part looks after a particular part of the business. The first quadmester will focus on Economics for the financial markets - macroeconomic factors impacting the financial markets and element of microeconomics, Quantitative and statistical techniques for financial markets, Cost and Management Accounting; understanding balance sheets, Statistics for financial analysis and Computer applications in finance. In the second quadmester, after understanding the basic premise of the fundamentals, the emphasis will be on Corporate finance, Legal framework for business with special emphasis on capital market laws, Fixed Income Securities, Foreign Exchange Market and Marketing of Financial Services.
The third quadmester will look at The Primary Market- IPO regulations and book building, Equity Trading- Fundamental and Technical Analysis, Trading in Cash Equity- market microstructure and rules of the exchange, Equity derivatives- futures and options, hedging and trading strategies, risk management and Financial Institutions and Markets very closely. The final quadmester will emphasize on Mutual Funds and Portfolio Management, Mergers and Acquisitions, Commodities Market, Corporate Reporting and Disclosure and Global capital markets.
About NIFM- National Institute of Financial Management
National Institute of Financial Management (NIFM) was set up in 1993. NIFM imparts training to officers recruited by the Union Public Service Commission (UPSC) through the annual Civil Service Examinations and allocated to the various services responsible for manning senior and top management posts dealing with accounts and finance in the Government of India.
The institute has been set up to develop professionally qualified and competent professionals in the field of public Financial Administration, through a process of education, training, continuing professional development programs and consulting. NIFM's mission is to develop as a centre of excellence in the areas of Financial Management and related disciplines "not only in India but also in Asia".
NIFM is headed by a Director who is appointed by the Government of India. The Institute recruits its faculty either by deputation from Civil Services or by selection from the best in the academic field. The institute therefore has a distinct advantage of a mix of faculty from academic as well as government sector.
Today, NIFM undertakes 4 long term programmes, Fellowship program, a large number of MDPs and consultancy assignments for various departments of central & state governments, PSUs, NGOs and corporate entities.
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