B.Com. (Actuarial Studies) Financial Mathematics II Syllabus - Mumbai University
This is the FY BCom Actuarial Studies syllabus under NEP 2020, in force from the academic year 2026-27. It is the only syllabus this degree has ever had: the University approved the course on 18 May 2026 and the first students were admitted the same year, so there is no earlier scheme to check yours against.
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Syllabus for Financial Mathematics - II
The University prints this paper as “Financial Mathematics -Paper II”.
Module 1: Application of Time Value of Money and Linear Programming and interest 15 hours
- Simple Interest and Compound Interest, Arithmetic Progression and Geometric Progression, Introduction, Inequality, Solution of an inequality, Graph of an inequality, System of Linear Inequalities, Mathematical Formulation of Linear Programming Problems (up to two variables),Solution of Linear programming Problems using graphical method up to two variables, Application of linear inequalities in practical problems, Determinants of interest rates, Force of interest, monthly interest rate, Real and Money rate of interest, Nominal Vs. Effective Rate of interest, Real Rate Vs. Money Rate of Interest, Convertible Interest Rate, Interest Rate Benchmarks: MIBOR (Indian Context), SOFR and SONIA (Global Context)
Module 2: Annuity, Sinking Funds, Shares and Mutual Funds 15 hours
- Introduction-Concept of Annuity, Classification of Annuities, Amount of an ordinary annuity, Present Value of annuity due and deferred annuity, Application of Annuities- sinking fund, Loan Amortization, Perpetual Annuity, Depreciation, Bonds Definitions of the following terms: price, book value, amortization of premium, accumulation of discount, redemption value, par value/face value, coupon rate, Yield Rate Vs. Coupon Rate, term of bond, callable/non-callable, call price, call premium, sums based on Yield to Maturity, Present value of Bond. (Basic Calculations), Introduction-Concept of share, face value, market value, dividend, equity shares, preferential shares, bonus shares. Problems based on these concepts, Mutual funds: Simple problems on calculations of Net income after considering entry load, Dividend, change in Net Asset value (N.A.V) and Exit Load, Averaging of price under the Systematic Investment Plans (S.I.P)
Cut from the University of Mumbai syllabus for B.Com. (Actuarial Studies) under NEP 2020, in force from the academic year 2026-27. Wording is as printed in that syllabus, and module numbering is as printed there too. The University sets no reading list for this course.
The complete syllabus
This subject is cut from the University circular for its year. Open the document here if you want the whole thing rather than a single subject.