Indian Institute of Capital Markets- Securities markets Programme (SMP) admissions 2008

Draft and Provisional SMP Prospectus 2008-09

Financial markets across the world are getting integrated and complex due to technological advancements and marketising of most of the erstwhile closed economies. This process warranted the market professionals to be equipped with the knowledge of the various market processes, and the understanding of broader role of various segments of the markets. In this backdrop, in order to develop the professionals with adequate skill and knowledge in the securities markets, IICM offers a one-year postgraduate diploma in securities markets "Securities Markets Programme" (SMP).
The Programme

The Programme
The thrust of the one-year full-time Securities Markets Programme (SMP) is to prepare a cadre of professionals primarily for careers in the securities markets.
SMP inputs are designed to:
• abstract the building blocks of the securities markets, understand them conceptually, and develop a capability to design the solutions that meets specific requirements
• develop skill sets necessary to perform the key technical activities in the securities markets.

Structure & Papers
The programme is divided into four terms. The first two terms comprise in-class teaching, the third term is internship with an organisation in the securities market and in the final term the students, enriched with practical insights about the markets, will come back for classroom learning.

Papers

Term I Term II Term III Term IV
Economics for securities markets Theory of investments Internship Global securities markets and investments
Accounting for management Equity and Debt markets Behavioural finance
Mathematics for securities markets Fundamental and technical analysis Principles and practice of regulating securities markets
Applied Statistics for securities markets Econometrics and time series analysis Institutions and intermediaries in securities markets
Financial system Portfolio management Venture & Private equity*
Corporate finance Commodity Derivatives* Mergers & Acquisitions*
Investment Banking Corporate finance Financial Derivatives Risk management & Hedge funds *
Cases in Investment Management* Valuation
Note: * ½ credit



Fee and Deposits
The details of the fee payable to the Institute towards one- year SMP course is as follows:
The total fee is Rs. 1,80,000/- (Rupees One Lakh Eighty Thousand only) for the entire year. The fee is payable in two equal installments. The first installment of Rs.90,000/- shall become due for payment on or before commencement of the programme and the second and final installment of the remaining Rs.90,000/- shall become due for payment before the commencement of the second term. Late fee attracts interest (this is applicable only for second and final installment). Fee is non-refundable. The break-up of fees is as under :


Sr. No. Particulars Amount (Rs.)
1 Tuition fee 1,50,000/-
2 Examination fee 10,000/-
3 Library fee 10,000/-
4 Computer fee 10,000/-
Total 1,80,000/-


In addition, the admitted students are required to pay deposits, which are refundable, subject to terms and conditions as also other charges, as detailed below.


Sr. No. Particulars Amount (Rs.)
1 Library Deposit (Refundable) 6,000/-
2 Computer Deposit (Refundable)
6,000/-
3 Room Deposit (Refundable)* 10,000/-
4 Alumni Association Fund (Non-refundable) 2,000/-
5 Single Occupancy charges per month* 2,000/-
6 Double occupancy charges per month* 1,500/-
7 Boarding charges (approximate) per month* 2,500/-
8 Lunch & Tea charges per month ** 1,000/-

*Applicable for students availing hostel facility
**Applicable to day-scholars

Students opting for hostel facility have to pay for boarding separately, as indicated above. Rooms are non-A/C.

Deposits are refundable subject to adjustment of any dues from the students.


Educational loans:
Institute facilitates students in securing educational loan from banks.



Eligibility & Admission Procedure
A. Eligibility criteria
The applicants of the programme should possess:
A Master’s Degree of two years duration from a recognised Indian university
OR
A Bachelor’s Degree of three years duration from a recognised Indian university with minimum of two years post qualification relevant experience
The Institute reserves the right to accept or reject any application without assigning any reason.


B. Admission Procedure
It consists of a written test and a personal interview. The written test would attempt to assess the following attributes of a candidate:

Quantitative aptitude;
Analytical and reasoning skills; and
Language proficiency.

The duration of the test would be 120 minutes.


The written test will be conducted on 15th March 2008 (Saturday) at the following centers:

Ahmedabad, Bangalore, Bhubaneswar, Chennai, Hyderabad, Jaipur, Indore, Kolkata, Kochi, Lucknow, Mumbai, New Delhi and Patna."


Candidates, qualifying in the written test, would be called for a personal interview. They will be intimated through email and/or letters. Personal interviews will be held on April 7, 8, 10 & 11, 2008 at Chennai, Kolkata, Mumbai and New Delhi .

All expenses related to writing the test and attending personal interview shall be borne by the candidate. The Institute will not bear or reimburse any expenditure in this regard.

Merit list of selected candidates will be displayed on the Institute's website on April 22, 2008. Selected candidates are required to pay a commitment fees of Rs.10,000/- (non-refundable adjustable against tuition fees) on or before May 10, 2008. Further, the first list of selected candidates are required to complete all the formalities and pay their tuition fees on or before May 15, 2008. Commitment fees will be forfeited if the candidates are not taking admission before due date. Candidates who have not completed the formalities on or before May 15, 2008 their admissions stands cancelled.

The second list of candidates will be announced on the Institute's website on May 16, 2008 depending on the vacancies. They are required to pay their tuition fees and complete all the formalities before May 23, 2008.

The Institute has a policy of reserving a few seats for industry sponsored candidates and overseas students.


1. Sponsored candidates: IICM has a policy for admitting sponsored candidates upto a maximum of five students. They are exempted from admission test / written test and they will have to appear for Personal interview/ group discussions.

2. Overseas students: IICM would be giving preference for the aspiring overseas/ foreign students upto a maximum of five seats subject to approval of the competent authority.


Note: In case of sponsored candidates and overseas students are not taking admissions these seats will be accordingly allotted to the overall seats.


Candidates selected for interview will be required to present the originals and submit the photocopies of the following documents at the time of interview:


1. Graduation/Post Graduation certificate issued by the University / recognized institute.

2. Statement of marks of Graduation / Post Graduation examination issued by the / recognized institute.

3. Birth date certificate (i.e. S.S.C., School leaving certificate or birth certificate issued by the Municipal authority).

4. Experience certificate from the employer, if any.


C. How to obtain the Prospectus and Application Form?

The Prospectus and Application Form can be downloaded from the website: http://utiicm.com. Candidates can also obtain the application form alongwith SMP prospectus from the Office of the SMP Admissions, Indian Institute of Capital Markets. Application Form duly filled in all respects should be sent to the following address alongwith a demand draft of Rs.1000/- (Rupees one thousand only) drawn in favour of the Indian Institute of Capital Markets payable at Mumbai or it can be submitted in person at the Institute by paying cash of Rs.1000/-. This amount of Rs.1000/- is non-refundable.

Office of the SMP Admissions (Ms. Komal Mayekar)
Indian Institute of Capital Markets
(Formerly UTI Institute of Capital Markets)
Plot no. 82, Sector 17,Vashi, Navi Mumbai – 400 705.
Tel: (022) 2788 3016 (Direct), 2788 3000 (Board)
Fax No: (022) 2789 2824 / 6863
Email: smp0809@utiicm.com

D. Last date for receiving duly filled-in application at the Institute
Interested candidates should send his/her duly filled-in application form along with the fees so as the reach the Institute on or before March 5, 2008. Please do NOT forward or enclose copies of any certificate alongwith application form.

E. Enquiries
All enquiries may be mailed to Ms. Komal Mayekar, SMP Co-ordinator at the email address - smp0809@utiicm.com

F. Important dates

Event Date
Last date for receipt of application form at IICM March 5, 2008
Written test March 15, 2008
Announcement of written test results March 24, 2008
Personal interviews April 7, 8, 10 & 11, 2008
Announcement of first list of eligible candidates for admission April 22, 2008
Payment of commitment fees for first list May 10, 2008

Last date for completing all formalities and payment of tuition fee (for first list) May 15, 2008
Announcement of second list of eligible candidates for admission May 16, 2008
Last date for payment of fee (for second list) May 23, 2008
Commencement of the programme June 2, 2008

G. Educational loans
Institute facilitates students in securing educational loan from banks.


Evaluation and Award of PG Diploma
SMP students will be evaluated based on the following:

Preparation for class
Class participation
Quizzes
Term papers/ projects/assignments
Mid-term and end-term examinations and any other procedure the Institute may prescribe from time to time

One–credit paper is equivalent to 20 classes of one and a half hour each totalling 30 hours, and internship carries three credits. On successful completion of SMP, the students will be awarded Post-Graduate Diploma in Securities Markets.


Internship and Placement

Internship
The organisations that offered internships to the SMP students in the past include:
ABN AMRO Asset Management Company (I) Limited
Asit C. Mehta Investment and Intermediaries Ltd.
Bank of Baroda
Bank of India
Bennett Coleman & Co. Ltd.
Clearing Corporation of India Ltd.
Dawnay Day AV Analytics Pvt. Ltd.
Darashaw & Co. Pvt. Ltd.
Edelweiss Capital Ltd.
Escorts Securities Limited
Fortress Financial Services
Franklin Templeton Investments
HDFC Ltd.
IDBI Capital Markets
Information and Credit Rating Agency (ICRA)
Kotak Mahindra AMC
LIC Mutual Fund
MCX India Ltd.
National Commodity Derivatives Exchange Limited (NCDEX)
Parag Parikh Financial Advisory Services Ltd.
Punjab National Bank
SBI Capital Markets Limited.
SBI Funds Management Limited
Securities Trading Corporation of India
Sundaram BNP Paribas AMC Ltd.
UTI Bank Ltd.
UTI Mutual Fund
UTI Securities Limited
UTI Technology Services Ltd.
Yes Bank Ltd.


Placement Options
The IICM facilitates in arranging suitable placement opportunities for the students on completion of the programme. However, the Institute does not guarantee any placement. Students successfully completing this course may secure placement opportunities with mutual funds, investment bankers, brokerage firms, banks, credit rating agencies, stock and commodity exchanges, equity research firms, market regulators, and other market intermediaries and institutions.

Placement Experience
Institute provides assistance for placement but does not guarantee any placement. First, second and third batches of SMP, i.e. SMP 2004-05, SMP 2005-06 and SMP 2006-07 have been well absorbed in the market. The 4th batch of SMP (2007-08) is in progress now and the students will complete their terms in May 2008 .
Students of previous batches have secured placement in mutual funds, investment bankers, brokerage firms, credit rating agencies, banks, stock and commodity exchanges and other market intermediaries and Institutes. To name a few Bank of Baroda, Indian Bank, UTI Mutual fund, UTI Bank Ltd, Asit C. Mehta Investment and Intermediaries Ltd., Parag Parikh Financial Advisory Services Ltd, IDBI Capital, UTI Securities Ltd., STCI, CCIL, National Commodity Derivatives Exchange Ltd. etc. . The highest salary offered in the initial placement process for the 3 rd batch of SMP (2006-07) students is about Rs. 8 lacs per annum.


Accommodation and Residential Facilities
The Institute has a hostel (UTI Niwas) at Sector 14, Vashi These rooms have been designed to serve the needs of students. There is a 24-hour Internet connectivity, too. Indoor games facilities are available at UTI Niwas. The Institute occasionally organizes workshops on yoga and stress management at the hostel. A limited hostel facility will be provided to the needy students.

After Registration
Upon receipt of duly completed application form and payment, IICM will allot the roll number and admission card through e-mail as well as by courier.

Please remember
Photographs are to be affixed in the application form and on the admission card.
Institutes reserves right to change or cancel any examination center and the dates of written test and personal interview. Candidates will be informed in advance by e-mail.
Application form and admission card duly filled in all respect with 2 passport size photographs affixed and demand draft/pay order should reach the Institute on or before March 5, 2008.


Disclaimer
The Institute reserves the right to postpone or cancel the dates of written test and/or personal interview. Also, the Institute reserves the right to modify / change or cancel any examination center and/or personal interview center. Candidates are also advised to visit the Institute’s website for any changes and other information.

Enquiry
All correspondence to be made to the following address
Office of the SMP Admissions (Ms. Komal Mayekar)
Indian Institute of Capital Markets
(Formerly UTI Institute of Capital Markets)
Plot no. 82, Sector 17,Vashi, Navi Mumbai – 400 705
Tel: (022) 2788 3016 (Direct), 2788 3000 (Board)
Fax No: (022) 2789 2824 / 6863