B.Com. (Financial Markets) Debt Markets Syllabus - Mumbai University
This is the SY BFM syllabus under NEP 2020, in force from the academic year 2025-26. 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.
Loading syllabus...
Syllabus for Debt Markets
Module I: Introduction to the debt markets
- Evolution of Debt Markets in India
- Primary market & secondary market
- Money market & Debt Market in India
- Fundamental features of debt instruments
- Regulatory framework in the Indian debt market
Module II: Instruments & players in debt markets
- Central government securities: bonds, t-bills, state government bonds,
- Open market operations
- Securities Trading Corporation of India
- Primary dealers in Government Securities
- Clearing Corporation of India
Module III: Bonds
- Features of bonds
- Types of bonds
- Issuers of bonds
- Bond ratings- importance & relevance and rating agencies
Module IV: Valuation of bonds
- Determinants of the value of bonds
- Bond Mathematics
- Yield Curve Analysis
Reference Books
- Bhardwaj, Gautam, (2008), The Future of India’s Debt Market, Tata McGraw Hill.
- Suryanarayan, (2002), Debt Market, ICFAI Publication Press.
- Fabozzi, Frank, (2004), Fixed Income Analysis Workbook, 2nd edition , John Wiley & Sons
- Shah, Ajay, Thomas, Sushan and Gorham, Michael, (2008), Indian Financial Markets, Elsevier, USA
- FIMMDA-NSE Debt Market (Basic) Module, Workbook from NSE.
- Dun and Bradstreet, (2008), Fixed Income Securities, Tata McGraw Hill.
- Debt market : Jennie Prajith Beginner's Guide to the Indian Debt Market: Rajiv Shastri
Reproduced from the University of Mumbai syllabus for B.Com. (Financial Markets) under NEP 2020, in force from the academic year 2025-26. 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.