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Financial markets across the world are getting integrated and complex due to technological advancements and marketising of most of the erstwhile closed economies. This process warranted the market professionals to be equipped with the knowledge of the various market processes, and the understanding of broader role of various segments of the markets. In this backdrop, in order to develop the professionals with adequate skill and knowledge in the securities markets, IICM offers a one-year postgraduate diploma in securities markets "Securities Markets Programme" (SMP). |
The Programme
The thrust of the one-year full-time Securities Markets Programme (SMP) is to prepare a cadre of professionals primarily for careers in the securities markets.
SMP inputs are designed to:
• abstract the building blocks of the securities markets, understand them conceptually, and develop a capability to design the solutions that meets specific requirements
• develop skill sets necessary to perform the key technical activities in the securities markets.
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Structure & Papers
The programme is divided into four terms. The first two terms comprise in-class teaching, the third term is internship with an organisation in the securities market and in the final term the students, enriched with practical insights about the markets, will come back for classroom learning. |
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| Papers |
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| Term I |
Term II |
Term III |
Term IV |
| Economics for securities markets |
Theory of investments |
Internship |
Global securities markets and investments |
| Accounting for management |
Equity and Debt markets |
Behavioural finance |
| Mathematics for securities markets |
Fundamental and technical analysis |
Principles and practice of regulating securities markets |
| Applied Statistics for securities markets |
Econometrics and time series analysis |
Institutions and intermediaries in securities markets |
| Financial system |
Portfolio management |
Venture & Private equity* |
| Corporate finance |
Commodity Derivatives* |
Mergers & Acquisitions* |
| Investment Banking Corporate finance |
Financial Derivatives |
Risk management & Hedge funds * |
| Cases in Investment Management* |
Valuation |
| Note: * ½ credit |
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Fee and Deposits
The details of the fee payable to the Institute towards one- year SMP course is as follows:
The total fee is Rs. 1,80,000/- (Rupees One Lakh Eighty Thousand only) for the entire year. The fee is payable in two equal installments. The first installment of Rs.90,000/- shall become due for payment on or before commencement of the programme and the second and final installment of the remaining Rs.90,000/- shall become due for payment before the commencement of the second term. Late fee attracts interest (this is applicable only for second and final installment). Fee is non-refundable. The break-up of fees is as under : |
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| Sr. No. |
Particulars |
Amount (Rs.) |
| 1 |
Tuition fee |
1,50,000/- |
| 2 |
Examination fee |
10,000/- |
| 3 |
Library fee |
10,000/- |
| 4 |
Computer fee |
10,000/- |
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Total |
1,80,000/- |
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In addition, the admitted students are required to pay deposits, which are refundable, subject to terms and conditions as also other charges, as detailed below. |
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| Sr. No. |
Particulars |
Amount (Rs.) |
| 1 |
Library Deposit (Refundable) |
6,000/- |
| 2 |
Computer Deposit (Refundable) |
6,000/- |
| 3 |
Room Deposit (Refundable)* |
10,000/- |
| 4 |
Alumni Association Fund (Non-refundable) |
2,000/- |
| 5 |
Single Occupancy charges per month* |
2,000/- |
| 6 |
Double occupancy charges per month* |
1,500/- |
| 7 |
Boarding charges (approximate) per month* |
2,500/- |
| 8 |
Lunch & Tea charges per month ** |
1,000/- |
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*Applicable for students availing hostel facility
**Applicable to day-scholars |
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- Students opting for hostel facility have to pay for boarding separately, as indicated above. Rooms are non-A/C.
- Deposits are refundable subject to adjustment of any dues from the students.
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Educational loans:
Institute facilitates students in securing educational loan from banks. |
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| Eligibility & Admission Procedure |
A. Eligibility criteria
The applicants of the programme should possess:
A Master’s Degree of two years duration from a recognised Indian university
OR
A Bachelor’s Degree of three years duration from a recognised Indian university with minimum of two years post qualification relevant experience
The Institute reserves the right to accept or reject any application without assigning any reason.
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B. Admission Procedure
It consists of a written test and a personal interview. The written test would attempt to assess the following attributes of a candidate: |
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- Quantitative aptitude;
- Analytical and reasoning skills; and
- Language proficiency.
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The duration of the test would be 120 minutes. |
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The second list of candidates will be announced on the Institute's website on May 16, 2008 depending on the vacancies. They are required to pay their tuition fees and complete all the formalities before May 23, 2008.
The Institute has a policy of reserving a few seats for industry sponsored candidates and overseas students. |
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Sponsored candidates: IICM has a policy for admitting sponsored candidates upto a maximum of five students. They are exempted from admission test / written test and they will have to appear for Personal interview/ group discussions. |
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Overseas students: IICM would be giving preference for the aspiring overseas/ foreign students upto a maximum of five seats subject to approval of the competent authority. |
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Note: In case of sponsored candidates and overseas students are not taking admissions these seats will be accordingly allotted to the overall seats. |
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Candidates selected for interview will be required to present the originals and submit the photocopies of the following documents at the time of interview: |
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| 1. |
Graduation/Post Graduation certificate issued by the University / recognized institute. |
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| 2. |
Statement of marks of Graduation / Post Graduation examination issued by the / recognized institute. |
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Birth date certificate (i.e. S.S.C., School leaving certificate or birth certificate issued by the Municipal authority). |
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| 4. |
Experience certificate from the employer, if any. |
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| C. How to obtain the Prospectus and Application Form? |
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| The Prospectus and Application Form can be downloaded from the website: http://utiicm.com. Candidates can also obtain the application form alongwith SMP prospectus from the Office of the SMP Admissions, Indian Institute of Capital Markets. Application Form duly filled in all respects should be sent to the following address alongwith a demand draft of Rs.1000/- (Rupees one thousand only) drawn in favour of the Indian Institute of Capital Markets payable at Mumbai or it can be submitted in person at the Institute by paying cash of Rs.1000/-. This amount of Rs.1000/- is non-refundable. |
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Office of the SMP Admissions (Ms. Komal Mayekar)
Indian Institute of Capital Markets
(Formerly UTI Institute of Capital Markets)
Plot no. 82, Sector 17,Vashi, Navi Mumbai – 400 705.
Tel: (022) 2788 3016 (Direct), 2788 3000 (Board)
Fax No: (022) 2789 2824 / 6863
Email: smp@utiicm.com |
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| F. Important dates for forthcoming batch 2009-10 |
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| Event |
Date |
| Last date for receipt of application form at IICM |
March 17, 2009 |
| Written test |
March 21, 2009 |
| Announcement of written test results |
March 26, 2009 |
| Personal interviews |
April 2, 3, 4 & 6, 2009 |
| Announcement of first list of eligible candidates for admission |
April 20, 2009 |
| Payment of commitment fees for first list |
April 29, 2009 |
| Last date for completing all formalities and payment of tuition fee (for first list) |
May 12, 2009 |
| Announcement of second list of eligible candidates for admission |
May 4, 2009 |
| Last date for payment of fee (for second list) |
May 18, 2009 |
| Commencement of the programme |
May 25, 2009 |
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G. Educational loans
Institute facilitates students in securing educational loan from banks. |
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Evaluation and Award of PG Diploma
SMP students will be evaluated based on the following: |
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- Preparation for class
- Class participation
- Quizzes
- Term papers/ projects/assignments
- Mid-term and end-term examinations and any other procedure the Institute may prescribe from time to time
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One–credit paper is equivalent to 20 classes of one and a half hour each totalling 30 hours, and internship carries three credits. On successful completion of SMP, the students will be awarded Post-Graduate Diploma in Securities Markets. |
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Internship and Placement
Internship
The organisations that offered internships to the SMP students in the past include: |
- ABN AMRO Asset Management Company (I) Limited
- Asit C. Mehta Investment and Intermediaries Ltd.
- Bank of Baroda
- Bank of India
- Bennett Coleman & Co. Ltd.
- Clearing Corporation of India Ltd.
- Dawnay Day AV Analytics Pvt. Ltd.
- Darashaw & Co. Pvt. Ltd.
- Edelweiss Capital Ltd.
- Escorts Securities Limited
- Fortress Financial Services
- Franklin Templeton Investments
- HDFC Ltd.
- IDBI Capital Markets
- Information and Credit Rating Agency (ICRA)
- Kotak Mahindra AMC
- LIC Mutual Fund
- MCX India Ltd.
- National Commodity Derivatives Exchange Limited (NCDEX)
- Parag Parikh Financial Advisory Services Ltd.
- Punjab National Bank
- SBI Capital Markets Limited.
- SBI Funds Management Limited
- Securities Trading Corporation of India
- Sundaram BNP Paribas AMC Ltd.
- UTI Bank Ltd.
- UTI Mutual Fund
- UTI Securities Limited
- UTI Technology Services Ltd.
- Yes Bank Ltd.
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Placement
Options
The IICM facilitates in arranging suitable placement opportunities for the students on completion of the programme. However, the Institute does not guarantee any placement. Students successfully completing this course may secure placement opportunities with mutual funds, investment bankers, brokerage firms, banks, credit rating agencies, stock and commodity exchanges, equity research firms, market regulators, and other market intermediaries and institutions.
Placement
Experience
Institute provides assistance for placement but does not guarantee any placement. First, second and third batches of SMP, i.e. SMP 2004-05, SMP 2005-06 and SMP 2006-07 have been well absorbed in the market. The 4th batch of SMP (2007-08) is in progress now and the students will complete their terms in May 2008 .
Students of previous batches have secured placement in mutual funds, investment bankers, brokerage firms, credit rating agencies, banks, stock and commodity exchanges and other market intermediaries and Institutes. To name a few Bank of Baroda, Indian Bank, UTI Mutual fund, UTI Bank Ltd, Asit C. Mehta Investment and Intermediaries Ltd., Parag Parikh Financial Advisory Services Ltd, IDBI Capital, UTI Securities Ltd., STCI, CCIL, National Commodity Derivatives Exchange Ltd. etc. . The highest salary offered in the initial placement process for the 3 rd batch of SMP (2006-07) students is about Rs. 8 lacs per annum.
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| Accommodation and Residential Facilities |
The Institute has a hostel (UTI Niwas) at Sector 14, Vashi These rooms have been designed to serve the needs of students. There is a 24-hour Internet connectivity, too. Indoor games facilities are available at UTI Niwas. The Institute occasionally organizes workshops on yoga and stress management at the hostel. A limited hostel facility will be provided to the needy students.
After Registration Upon receipt of duly completed application form and payment, IICM will allot the roll number and admission card through e-mail as well as by courier. |
Please remember- Photographs are to be affixed in the application form and on the admission card.
- Institutes reserves right to change or cancel any examination center and the dates of written test and personal interview. Candidates will be informed in advance by e-mail.
- Application form and admission card duly filled in all respect with 2 passport size photographs affixed and demand draft/pay order should reach the Institute on or before March 5, 2008.
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Disclaimer
The Institute reserves the right to postpone or cancel the dates of written test and/or personal interview. Also, the Institute reserves the right to modify / change or cancel any examination center and/or personal interview center. Candidates are also advised to visit the Institute’s website for any changes and other information. |
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Enquiry
All correspondence to be made to the following address
Office of the SMP Admissions (Ms. Komal Mayekar)
Indian Institute of Capital Markets
(Formerly UTI Institute of Capital Markets)
Plot no. 82, Sector 17,Vashi, Navi Mumbai – 400 705
Tel: (022) 2788 3016 (Direct), 2788 3000 (Board)
Fax No: (022) 2789 2824 / 6863
Email: smp@utiicm.com
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