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(A one-year full-time Post Graduate Programme in Securities Markets) |
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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. During the first two terms and in the fourth term students are expected to study a total of 24 papers including four half credit papers. In the third term students are required to carry out internship project with an organization in the industry. The programme details are as follows:
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| Courses |
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| Term I |
Term II |
Term III |
Term IV |
| 14 weeks |
14 weeks |
10 weeks |
14 weeks |
| 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 Market* |
Mergers & Acquisitions* |
| Investment Banking |
Financial Derivatives |
Risk management & Hedge funds * |
| Cases in Investment Management* |
Treasury Management |
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Valuation |
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| * Half Credit |
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Fee and Deposits
The details of the fee payable to the Institute towards one- year SMP 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 instalments. The first instalment of Rs.90,000/- shall become due for payment on or before commencement of the programme and the second and final instalment 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 instalment). 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. The written test will be conducted on 21st March 2009 (Saturday) at the following centers: |
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| Ahmedabad |
Bangalore |
Bhubaneswar |
Chennai |
New Delhi |
| Goa |
Hyderabad |
Jaipur |
Indore |
Patna |
| Kolkata |
Kochi |
Lucknow, |
Mumbai |
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Candidates, qualifying in the written test, would be called for a personal interview. They will be intimated through email and/or letters. Personal interviews will be held on April 2, 3, 4 & 6, 2009 at Bangalore, Kolkata, Mumbai and New Delhi.
All expenses related to writing the test and attending personal interview shall be borne by the candidate. The Institute will not bear or reimburse any expenditure in this regard.
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.
Merit list of selected candidates will be displayed on the Institute’s website on April 20, 2009. Selected candidates are required to pay a commitment fees of Rs.10,000/- (non-refundable adjustable against tuition fees) on or before April 29, 2009. Selected candidates who do not pay the commitment fees on or before the scheduled date, their provisional admission stands cancelled. Further, the first list of selected candidates are required to complete all the formalities and pay their tuition fees on or before May 12, 2009. Commitment fees will be forfeited if the candidates are not taking admission before due date. Candidates who have not completed the formalities on or before May 12, 2009 their admissions stands cancelled.
The second list of candidates will be announced on the Institute’s website on May 4, 2009 depending on the vacancies. They are required to pay their tuition fees and complete all the formalities before May 18, 2009.
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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Graduation/Post Graduation certificate issued by the University. |
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Statement of marks of Graduation / Post Graduation examination issued by the University. |
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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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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 along with 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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| E. Last date for receiving duly filled-in application at the Institute |
Interested candidates should send his/her duly filled-in application form along with the fees so as the reach the Institute on or before March 17, 2009. Please do NOT forward or enclose copies of any certificate along with application form. |
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| F. Enquiries |
All enquiries may be mailed to Ms. Komal Mayekar, SMP Co-ordinator at the email address: smp@utiicm.com |
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| All correspondence to be made at the following address |
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Office of the SMP Admissions (Ms. Komal Mayekar)
Indian Institute of Capital Markets
(Formerly UTI Institute of Capital Markets)
2nd Floor, Hindavi Bhawan, Landmark MGM Hospital Lane,
Plot No. 13,
Sector 1, Vashi, Navi Mumbai - 400703
Tel.: 2782 0114/15/16 Telefax: +91-22-2782 0153/54
Email: smp@utiicm.com |
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| G. Important dates |
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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. After Registration
Upon receipt of duly completed application form and payment, IICM will allot the roll number and admission card will be sent by courier and the same will also be displayed on the Institute’s website. |
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H. 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 17, 2009. |
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I. 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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Evaluation and Award of PG Diploma
SMP students will be evaluated based on the following: |
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- Preparation for class
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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
- Angel Broking Ltd
- Asit C. Mehta Investment and Intermediaries Ltd.
- Bank of Baroda
- Bank of India
- Bank of Maharashtra
- Bennett Coleman & Co. Ltd.
- Central Depository Services Ltd. (CDSL)
- 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
- Indusind Bank
- Information and Credit Rating Agency (ICRA)
- Inter-Connected Stock Exchange of India
- Keynote Services Pvt. Ltd.
- Kotak Mahindra AMC
- LIC Mutual Fund
- MCX India Ltd.
- National Commodity Derivatives Exchange Limited (NCDEX)
- Parag Parikh Financial Advisory Services Ltd.
- Price Waterhouse
- Punjab National Bank
- Rajlaxmi Financial Services
- SBI Capital Markets Limited
- SBI Funds Management Limited
- Securities Trading Corporation of India
- Sundaram BNP Paribas AMC Ltd.
- Systematix Shares & Stocks Ltd.
- The Stock Exchange, Mumbai
- UCO Bank
- UTI Bank Ltd.
- UTI Mutual Fund
- UTI Securities Limited
- UTI Technology Services Ltd
- Yes Bank Ltd.
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Placement facilitation
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 four batches of SMP, i.e. SMP 2004-05, SMP 2005-06, SMP 2006-07 and SMP-07-08 have been well absorbed in the market. The 5th batch of SMP (2008-09) is in progress now and the students will complete their terms in April 2009.
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 3rd batch of SMP (2006-07) students is about Rs.8 lakh per annum.
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| Visiting Faculty |
The Institute, depending on the practical input requirements, invite practicing professionals and academicians to share their expertise with the students. They include:
- Dr Jinesh Panchali, Head, FT Knowledge Management Company
- (Former Dean IICM)
- Prof. Neeraj Hatekar, Department of Econometrics, Mumbai University.
- Shri Conrad Vincent, Director-Debt, JM Financial Mutual Fund.
- Shri B. Madhuprasad, Vice Chairman, Keynote Corporate Services Ltd.
- Dr Shrirang Joshi, Founder, TECH3, Technical Analyst.
- Shri Hemant Kale, Founder, TECH3, Technical Analyst.
- Prof M. Ravi Sunder, Executive Director, Morgan Stanley.
- Shri S.K.Parida, Forward Markets Commission.
- Dr. Sunder Ram Korivi, Visiting Professor, National Institute of Securities Markets
- Dr. M. H. Suryanarayana, Professor, IGIDR, Mumbai
- Dr. K. Kiran Kumar, Assistant Professor, NISM
- Dr. Kaushik Bhattacharya, IIM, Lucknow
- Shri Golaka C. Nath, Chief Economic Advisor, Clearing Corporation of India Ltd.
- Dr. Anil Biswas, IIM Calcutta
- Dr. Kaustav Sen, Lubin School of Business, New York
- Dr. S. Narayan Rao, Associate Professor of Finance
- Shailesh J. Mehta School of Management Studies, IIT Mumbai
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Guest Faculty:- Shri Dheeraj Vaidya, Managing Partner, Corporate Bridge
- Shri Sachin Trivedi , Sr. Research Analyst, UTI MF AMC Ltd
- Dr. M. Venkateshwarlu, Associate Professor, NITIE Mumbai
- Shri Murlidhar Rao, CGM, SEBI
- Dr. P.C.Basu, CFO, Reliance Communication
- Dr. S. Amanulla, Professor, University of Pondicherry.
- Shri D.S. Kolamkar, Member, FMC
- Shri A. P. Kurian, Chairman, AMFI
- Smt. Usha Narayanan, Executive Director, SEBI
- Shri Shekhar Sathe, Group Head, Risk Management, Kotak Mahindra Bank
- Shri Dharmakirti Joshi, Director & Principal Economist, CRISIL
- Shri B. Gopalakrishnan, Sr. Vice President, AXIS Bank
- Shri Arup Mukherjee, Asst. Vice President, NSE India
- Shri S. C. Bhatia, CEO, Phoenix ARC Pvt. Ltd.
- Shri G. Subramanyam, Senior VP, HDFC Bank Ltd.
- Shri Mehul Savla, Founder, Ripple Wave Equity Private Ltd.
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Infrastructure
The Institute is centrally located and possesses a highly sophisticated state-of-the-art infrastructure. It has a well-connected and knitted academic building, a hostel for the students and a library. |
A. Library:
The Institute's library holds a highly specialised collection of books, journals and reports in the area of capital markets and also has a number of up-to-date printed/soft databases to support the Institute's training and research programmes.
The library presently holds more than 7,500 books, a rich collection of internationally cited reference volumes and subscribes to over 113 journals, both Indian and foreign. It also holds around 3,128 back volumes. It also has a selected collection of over 350 audio and 125 videocassettes relating to finance and capital markets. Library is equipped with computerised library management system to provide easy access to the collection. It is acclaimed to be one of the best libraries for capital markets in this part of Asia.
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B. Systems support:
The Institute has a well equipped LAN & WI-FI based network system with latest configuration PCs and Server. Classrooms, Auditorium, Conference Room and the Computer Lab are adequately networked and have access to server-based packages. The Computer lab is equipped with advanced as well as regular applications software packages on mathematical, technical and capital markets, industry and company database. These include popular financial database packages such as Bloomberg, Prowess, Alpha, Business Beacon, Mergers & Acquisition and numerical technical packages such as SPSS, Matlab, WinRATS, and E-Views etc. The students have access to uninterrupted high-speed broadband internet connection both at institute and residential facility.
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C. 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. |
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