• Concept of mutual funds
• Structure and constituents of mutual funds
• Various types of mutual fund products
• Management of bond fund portfolio
• Management of equity fund portfolio
• Accounting and valuation of mutual funds
• Prospectus of mutual fund
• Annual Report of mutual fund
• Evaluation of performance of mutual funds
• Regulations of mutual fund Industry
• Trends in mutual fund Industry
  

Target Audience
This course is targeted at

Instructional Method
Dynamic, Interactive e-learning

Prerequisites:
Fundamentals of the Securities Industry or equivalent knowledge

To purchase this course online, visit: Link
http://www.kesdee.com/coursedetails.jsp?productid=97&groupID=12

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1. Mutual Funds - Concept

• Concept of mutual funds
  
• Basic types of mutual funds
  
• Advantages of mutual funds
• Difference between mutual funds and bank deposits
  

2. Mutual Funds - Structure and Constituents

• Constituents and structure of a mutual fund
• Mutual funds in the USA and elsewhere.
  
• Difference between a mutual fund and a commercial bank

3. Various types of Mutual Fund products

• Basic classification of mutual funds
  
• Such other products similar to mutual funds

4. Management of bond fund portfolio

• Investment of bond funds
• Basic characteristics of a bond
• Bond valuation
• Risks in bond investment
• Techniques to enhance bond fund performance
• Managing the bond fund
  

5. Management of equity fund portfolio

• Equity portfolio
• Types of risks and returns that different asset classes offer
• Equity share
• The value of equity shares
• Three types of equity shares
• Equity research
• Valuation
• Passive and active portfolio management
• Portfolio strategies
  

6. Accounting and valuation of Mutual Funds

• NAV and its importance
• Calculating net asset value
• Valuing the assets of the mutual fund
• The financial statements that are prepared by the mutual fund
• The accounting principles followed by the mutual funds
  

7.Prospectus and Annual Reports of Mutual Fund

• Meaning and importance of mutual fund prospectus
• The contents of a mutual fund prospectus
  
• The operational aspects an investor should be familiar with
• What does the annual report contain?
• Shareholder expense
• Investment profile
• Statement of assets and liabilities
• Statement of operations
• Statement of changes in net assets
• Financial highlights
• Notes to financial statements

8. Evaluation of performance of mutual funds

• Measuring fund performance
• Measuring return
• Measuring risk
• Risk-adjusted return
• Comparing fund performance with a reference
• Various standardized performance systems
• Limitations of performance measurement and evaluation
  

9. Regulations of Mutual Fund Industry

• Contextual significance of mutual fund regulation
• Legal environment of mutual funds
• Supervision and regulation
• Principles of mutual fund regulation
• Standards
• Rights of investors
• Role of industry players in furthering regulatory objectives
• Market context
• Transparency and disclosure
• Limits on fees and expenses
• Internal governance within mutual fund complexes
  

JOB AIDS

• Annual Report of Fidelity Fifty
• Annual Report of Vanguard Group
• Trends in Mutual Fund Industry

Prof. G. Sethu, holds a B.Tech in Mechanical Engineering from Indian Institute of Technology (IIT), Kharagpur, M.Tech in Mechanical Engineering from IIT, Chennai and a Doctorate in Management from Indian Institute of Management (IIM), Ahmedabad. He has over twenty-eight years of experience in administration, research, consultancy and teaching. He is a professor at the Indian Institute of Capital Markets. He has served as a member of Indian Administrative Service and was a faculty member in finance at XLRI, Jamshedpur for five years.

At XLRI he taught several courses in finance (corporate finance, management control, mergers and acquisitions) in the MBA course. He was also involved in executive teaching and administration besides being the coordinator of Centre for Rural Management. He was a member of DPEP evaluation team set up by the Ministry of HRD. He joined the UTI Institute of Capital Markets as a professor in 1996 and was the dean during 1997-2004.

He is a visiting faculty at IIM, Ahmedabad and IIM, Indore. He has been a visiting faculty member at IIM, Kozhikode, T. A. Pai Management Institute, IIT, Mumbai, Symbiosis Institute of Business Management and several other institutes. He has been a guest faculty member in the executive education programmes at IIM, Bangalore, National Police Academy, National Insurance Academy, Sate Bank of India, Lal Bahadhur Shastri National Academy of Administration, National Academy of Audit and Accounts, Jawaharlal Nehru Institute for Development Banking, and several other institutions.

He has participated in and coordinated consultancy assignments for government and foreign organizations. He is a member of a number of committees in the financial markets. He is a member on the board of directors of OTCEI Securities Limited, UTI Funds Management Limited, ABN AMRO Trustee Limited, and UTI Technology Services. He has served on the board of SBI Funds Management Limited and UTI's Asset Management Committee. He is a member of University of Mumbai's Ad-hoc Board of Studies in Banking and Finance and is an external examiner for University of Wales validated schemes of study. He is on the editorial boards of finance journals and is a reviewer for a number of journals in India and abroad. His areas of research and teaching interests are financial strategy, financial markets and fund management industry.