Bachelor of Management Studies (B.M.S.) Wealth Management Syllabus - Mumbai University
This is the TY BMS syllabus under NEP 2020, in force from the academic year 2026-27, examined under form 2225161. The University still sets the earlier Choice Based papers alongside it — forms 2M00155 and 2M00156, whose documents are below — so check which scheme your exam form names before you revise.
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Syllabus for Wealth Management
Module I: Introduction
- Introduction To Wealth Management: Meaning of WM, Scope of WM, Components of WM,
- Process of WM, WM Needs & Expectation of Clients,Code of Ethics for Wealth Manager
- Personal Financial Statement Analysis: Financial Literacy, Financial Goals and Planning, Cash Flow Analysis, Building Financial Plans, Life Cycle Management.
- Economic Environment Analysis: Interest Rate, Yield Curves, Real Return, Key Indicators-Leading, Lagging, Concurrent
Module II: Financial Mathematics/ Tax and Estate Planning/ Retirement Planning/ Income Streams & Tax Savings Schemes
- Financial Mathematics: Calculation of Returns (CAGR ,Post-tax Returns etc.), Total Assets, Net Worth Calculations, Financial Ratios
- Tax and Estate Planning: Tax Planning Concepts, Assessment Year, Financial Year, Income Tax Slabs, TDS, Advance Tax, LTCG, STCG, Carry Forward & Set-off, Estate Planning Concepts –Types of Will – Requirements of a Valid Will– Trust – Deductions - Exemptions
- Retirement Planning: Understanding of different Salary Components, Introduction to Retirement Planning, Purpose & Need, Life Cycle Planning, Financial Objectives in Retirement Planning, Wealth Creation (Factors and Principles), Retirement (Evaluation & Planning), Pre & Post-Retirement Strategies - Tax Treatment
- Income Streams & Tax Savings Schemes: Pension Schemes, Annuities- Types of Annuities, Various Income Tax Savings Schemes
Reference Books
- 1 Harold Evensky, Wealth Management, McGraw Hill Publication
- 2 NCFM, CFP, IIBF, etc, Wealth Management modules
- 3 Harold Evensky, The new wealth Management, CFA Institute Investment Series Publication
- 4 Wealth Management Unwrapped – Charlotte Beyer, McGraw-Hill
- 5 Personal Financial Planning – Lawrence J. Gitman & Michael D. Joehnk, Cengage
- 6 Investment Planning and Wealth Management – Robert A. Strong, Cengage
Reproduced from the University of Mumbai syllabus for Bachelor of Management Studies (B.M.S.) 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.