Your roadmap · आपका रोडमैप
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Admission & first meetingप्रवेश और पहली मुलाकातEnquire at your nearest NDSS centre, meet the teacher, fix the batch time and get your study material.
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Part 1 of the syllabusपाठ्यक्रम भाग 1Unit-wise coaching with notes and doubt classes.
Unit 1: Introduction to DerivativesUnit 2: Forwards & FuturesUnit 3: Options
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Part 2 of the syllabusपाठ्यक्रम भाग 2Unit-wise coaching with notes and doubt classes.
Unit 4: Option PricingUnit 5: Swaps & Risk Management
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Unit tests & assignmentsयूनिट टेस्टRegular tests in the university / board pattern.
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Semester 4 exam (university / board)विश्वविद्यालय / बोर्ड परीक्षाPrevious papers and full revision before the exam.
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Online tests & resultऑनलाइन टेस्ट और रिज़ल्टTake the tests online; your marks and result show in your student login and at the centre.
Syllabus · पाठ्यक्रम
1 subject · 5 chapters · 23 topics
01Unit 1: Introduction to Derivatives
4 topics+
- Meaning and types of derivatives
- Participants: hedgers, speculators, arbitrageurs
- Exchange-traded and OTC derivatives
- Evolution of derivatives market in India; SEBI regulation
02Unit 2: Forwards & Futures
5 topics+
- Forward contracts: features and limitations
- Futures contracts: standardisation, margins, mark-to-market
- Pricing: cost of carry model
- Basis and convergence
- Index, stock and commodity futures
03Unit 3: Options
5 topics+
- Call and put options; option buyer and writer
- Intrinsic value, time value and moneyness
- Payoff of long and short positions
- Option strategies: covered call, protective put, spreads, straddle, strangle
- Put-call parity
04Unit 4: Option Pricing
4 topics+
- Factors affecting option prices
- Binomial option pricing model
- Black-Scholes model
- Option Greeks: delta, gamma, theta, vega, rho
05Unit 5: Swaps & Risk Management
5 topics+
- Interest rate swaps
- Currency swaps
- Hedging with futures: hedge ratio and beta hedging
- Credit derivatives basics
- Risk management using derivatives
About this course
You will be able to
- Explain the types of derivatives and the roles of hedgers, speculators and arbitrageurs
- Price forwards and futures using the cost of carry model and explain margins and mark-to-market
- Explain call and put options, their payoffs and common option strategies
- Value options using the binomial and Black-Scholes models and interpret the Greeks
- Use interest rate and currency swaps and hedge risk with index futures
- Describe the Indian derivatives market and its regulation
Who it is for
- MBA students of Semester 4 (AKTU) - Finance specialisation
- Students aiming at treasury, risk management and trading roles
What you need
- Investment Analysis & Portfolio Management (Semester 3) completed
- Basic algebra and use of a scientific calculator
Online tests & result
Practice and unit tests online; marks and result show in your student login and at the centre.
Student login →
Questions
Which syllabus is followed?
The AKTU (Dr. A.P.J. Abdul Kalam Technical University, Lucknow) MBA syllabus of Financial Derivatives (Semester 4). If your own university's syllabus differs, the centre follows your university syllabus and units.
Do I need to trade to learn this subject?
No. All concepts are taught with worked examples and pay-off tables; no real trading is required.
How will I be tested?
Unit-wise MCQ tests and a final paper at semester level, plus practice on short and long answer questions from previous university papers.
