Bachelor of Management Studies (B.M.S.) Commodity and Derivatives 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 Commodity and Derivatives
Module I: Introduction to Commodities Market and Derivatives Market
- Introduction to Commodities Market: Meaning, History & Origin, Types of Commodities Traded, Structure of Commodities Market in India, Participants in Commodities Market, Trading in Commodities in India (Cash & Derivative Segment), Commodity Exchanges in India & Abroad, Reasons for Investing in Commodities
- Introduction to Derivatives Market: Meaning, History & Origin, Elements of a Derivative Contract, Factors Driving Growth of Derivatives Market, Types of Derivatives, Types of Underlying Assets, Participants in Derivatives Market, Advantages & Disadvantages of Trading in Derivatives Market, Current Volumes of Derivative Trade in India, Difference between Forwards & Futures
Module II: Futures and Hedging
- Futures: Futures Contract Specification, Terminologies, Concept of Convergence, Relationship between Futures Price & Expected Spot Price, Basis & Basis Risk, Pricing of Futures Contract, Cost of Carry Model
- Options Contract Specifications, Terminologies, Call Option, Put Option, difference between Futures & Options, Trading of Options, Valuation of Options Contract, Factors affecting Option Premium, Payoff Charts & Diagrams for Options Contract, Basic Understanding of Option Strategies such as Covered Call, Covered Put, Collar, Long Straddle, Short Straddle and Long Strangle and Short Strangle
Reference Books
- 1 John C. Hull & Basu -Futures, options & other derivatives
- 2 Robert McDonald, Derivatives market, Pearson education
- 3 John Hull, Fundamentals of futures & options
- 4 Ankit Gala & Jitendra Gala, Guide to Indian Commodity market, Buzzingstock publishing house
- 5 K.Sasidharan & Alex K. Mathews, Option trading – bull market strategies, McGraw Hill publication
- 6 Niti Chatnani, Commodity markets, McGraw Hill Publication
- 7 S.Kevin, Commodities & financial derivatives, PHI learning Pvt ltd 8. Suni K Parmeswaran, Futures & options, McGraw Hill
- 8 Commodity Derivatives – George Kleinman, Wiley
- 9 Derivatives and Risk Management – Rajesh Kothari, McGraw-Hill
- 10 Options, Futures & Other Derivatives – John C. Hull, Pearson
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.