B.Com. (Investment Management) Foundations of Indian Knowledge Systems in Finance Syllabus - Mumbai University
This is the TY BCom IM syllabus under NEP 2020, in force from the academic year 2026-27. The University still sets the earlier Choice Based papers alongside it for ATKT candidates, so check which scheme your exam form names before you revise.
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Syllabus for Foundations of Indian Knowledge Systems in Finance
Module I: Introduction
- Unit 1: IKS and Economic Thought
- Meaning and Scope of IKS – Overview of Indian Knowledge Systems, their interdisciplinary nature, and relevance to modern finance.
- Ancient Indian Economic Thinking – Insights from Kautilya’s Arthashastra, Thirukkural, and other classical texts on wealth creation.
- Concept of Artha and Purusharthas – Understanding wealth as a holistic objective within the four Purusharthas (Dharma, Artha, Kama, Moksha).
- Indian Approaches to Value and Prosperity – Traditional views on savings, prosperity, community wealth, and economic sustainability.
- Unit 2: Ethical Principles and Governance in Investments
- Dharma and Ethical Financial Conduct – Application of ethical guidelines for investors, advisors, and market participants.
- Corporate Governance in Ancient India – Historical models of accountability, transparency, and leadership applied to modern firms.
- Sustainable and Responsible Investing – IKS perspectives on social responsibility, long-term wealth, and ecological balance.
- Investor Behaviour and Indian Philosophical Thought – Understanding greed, fear, rationality, and emotional balance through Indian wisdom.
Module II: IKS Applications in Modern Investment Management
- Unit 3: Wealth Management and Risk through IKS Frameworks
- Indian Concepts of Wealth (Dhana, Lakshmi, Artha) – Classification of wealth beyond monetary measures and its relevance to investment planning.
- Risk Management in Ancient Indian Wisdom – Diversification principles found in texts like Hitopadesha and Panchatantra.
- Financial Discipline and Household Finance in IKS – Traditional budgeting practices, savings habits, and long-term planning.
- Cycles, Time, and Market Behaviour – Indian philosophical views on cyclical patterns and their relevance to market cycles.
- Unit 4: IKS-Driven Investment Strategies & Contemporary Relevance
- Long-Term Investing and Patience (Dhriti) – Application of perseverance and discipline in portfolio management.
- Holistic Asset Allocation – Integrating spiritual, social, environmental, and financial values in investment decisions.
- Behavioural Finance through IKS Lenses – Using Indian concepts of mind, emotions, and decision-making to improve investor behaviour.
- Practical Applications & Case Studies – Scenarios linking IKS principles to mutual fund investing, equity selection, risk mitigation, and wealth planning.
Reference Books
- 1 Kautilya (Chanakya) – Arthashastra (Indian economic and governance principles).
- 2 S. K. Chakraborty – Ethics in Management: Vedantic Perspectives.
- 3 R. Balasubramanian – Indian Ethics: Classical Traditions and Contemporary Challenges.
- 4 Gurgaon Committee Report – Indian Knowledge Systems (IKS) Framework.
- 5 A. Parthasarathy – Works on philosophy, decision-making, and behavioural insights.
Reproduced from the University of Mumbai syllabus for B.Com. (Investment Management) under NEP 2020, in force from the academic year 2026-27. Wording is as printed in that syllabus. Module numbering is as printed there too.
The complete syllabus
This subject is cut from the University circular for its year. Open a document here if you want the whole thing rather than a single subject.