000			06495 a2200193 4500
008			140125b xxu||||| |||| 00| 0 eng d
020			_a978-93-5023-754-0
082			_a332.632
100			_aSEN, JOYDEEP _912252
245			_aFIXED INCOME MARKETS IN INDIA: INVESTMENTS OPPORTUNITIES FOR YOU _cJOYDEEP SEN AND APTE, ABHISHEK
260			_bSHROFF PUBLISHERS & DISTRIBUTORS PVT. LTD. _c2012 _aMUMBAI
300			_aXIV, 254 _bPAPER
505			_aCHAPTER 1: WHOLESALE FIXED INCOME MARKET Government Securities: Bonds (Central and State) and Treasury Bills and other government securities Central Government Bonds State Government Bonds Treasury Bills Cash Management Bills Market Size and Daily Trade of Government Securities Municipal Bonds General Obligation Bonds Revenue Bonds Corporate Debt: Public Sector Undertaking (PSU Bonds) and Private Sector Bonds Special Securities Securitized Debt Instruments: Single Loan and Pools; Asset Backed and Mortgage Backed Money Market Instruments: Certificate of Deposits and Commercial Papers Certificate of Deposits (CDs) Commercial Papers (CPs) Call Money Market and Collateralized Borrowing and Lending Obligations (CBLO) Call Money, Notice Money and Term Money Collateralized Borrowing and Lending Obligations (CBLO) Repo Market Wholesale Fixed Income Market Profile Market Segments Market participants CHAPTER 2: AVENUES FOR AN INDIVIDUAL INVESTOR – CONTRACTUAL RETURNS Term Deposits with Banks Recurring Deposits with Banks Deposits with NBFIs and other corporate entities NBFI Deposits Corporate Deposits Post Office Schemes Post Office Recurring Deposit Account Post Office Term Deposit Account Post Office Monthly Income Account National Savings Certificates (NSCs) Senior Citizen Savings Scheme Public Provident Fund CHAPTER 3: MUTUAL FUNDS – AVENUE FOR MARKET LINKED RETURNS Mutual Funds: An avenue to participate in the wholesale fixed income market What exactly is a Mutual Fund? Type of Mutual Funds Categories of Mutual Funds Mark to Market of Mutual Funds Accrual concept vis-à-vis the Mark to Market of Mutual Fund Mutual Funds vis-à-vis contractual Return Products CHAPTER 4: BONDS AND THEIR TYPES AS PER FEATURES What is a Bond? Typical financial flows of a Bond Types of Bonds as per features Types of Bonds based on coupon Types of Bonds based on conversion Types of bonds based on when you can redeem them CHAPTER 5: CONCEPTS OF VALUATION, RETURNS AND RISKS Key Return concepts Yield Price and Yield: The Inverse Relationship Yield Curve Direction of the yield curve Changes or shifts in the yield curve Credit Spreads Annualizing of returns Simple Annualized: Compounded Annualized: Duration Convexity Price Value of a Basis Point (PVBP) CHAPTER 6: CREDIT RATINGS Credit Rating Agencies in India Rating Scales Short Term Ratings vis-à-vis Long Term Ratings Mutual Fund Ratings Sovereign Credit Ratings Credit Rating of an Issuer vis-à-vis credit rating of an Issue Credit rating of Structured Obligations Common Rating Methodologies: General factors considered in arriving at the rating Mapping of short term and long term credit rating Credit Enhancements CHAPTER 7: MAJOR TYPES OF RISKS Major Types of Risks Interest Rate Risk / Market Risk Credit Risk / Counter-party risk Call Risk / Prepayment Risk Put Risk Yield Curve Risk Inflation Risk Sovereign Risk Risks typical to structured obligations How to mitigate these risks How to mitigate Interest Rate Risk How to mitigate Credit Risk How to mitigate inflation risk CHAPTER 8: CURRENT TAX STRUCTURE FOR BONDS AND MUTUAL FUND PRODUCTS Taxation of Bonds Interest paying bonds Zero coupon bonds (aka Deep Discount Bonds) Taxation of Debt Mutual Funds Dividend Option Growth Option Summary Tax Impact of your investment decision Interest Capital Gains Dividend Comparison of tax impact of these options on your return Concept of Tax Drag Conclusion Some quick tips… Snapshot of applicable tax rates Slab Rates Capital Gains CHAPTER 9: INTEREST RATE DETERMINANTS Inflation Rate signals from the RBI Banking System Liquidity Deposits in the Banking System Fiscal Deficit and Government Borrowings Tracking of these determinants, practically CHAPTER 10: SOPHISTICATED FIXED INCOME PRODUCTS Credit Default Swaps (CDS) Separate Trading of Interest and Principal Securities (STRIPS) Floaters and Inverse Floaters Swaps Swaptions Forward Rate Agreements (FRAs) Futures contracts in the Fixed Income space Negative Interest Rate Bonds CHAPTER 11: COMMON CONCEPTS IN PORTFOLIO THEORY AND DIVERSIFICATION Yearly returns from each investment avenue Correlation between different asset classes Return and Risk of a portfolio Mean Variance Frontier Practically Feasible Portfolios Return-based ranking of Investments Value of Investment, had it been made at beginning of the year 2000 Compounded annual growth rate (CAGR) Equal Annual Investment in each year Conclusion CHAPTER 12: APPLICATION OF PORTFOLIO THEORY IN REAL LIFE Case 1 Dweep and Radhika Shah Present Situation Restructuring/ Suggestions: Case 2 Prashant and Sneha Shetty Present Situation Restructuring/ Suggestions Case 3 Paresh Mehta Restructuring/ Suggestions: Case 4 Chintan Desa Restructuring/ Suggestions: CHAPTER 13: REGULATORY/ INDUSTRY BODIES AND KEY REGULATIONS RELEVANT TO FIXED INCOME MARKETS Regulatory and Industry bodies Fixed Income Money Market and Derivatives Association of India (FIMMDA) Securities Exchange Board of India (SEBI) Reserve Bank of India (RBI) Depositories (NSDL and CDSL) Association of Mutual Funds in India (AMFI) Clearing Corporation of India Limited (CCIL) Key Regulations SEBI Mutual Fund Regulations CHAPTER 14: GLOSSARY OF KEY FINANCIAL TERMS Index
520			_aThere are various fixed income investment avenues in India. However, there is lack of awareness about the relevant concepts and the nuances of the investment avenues. There is dearth of a proper book that explains the relevant concepts applicable in fixed income investments and how the market functions. This book covers the concepts and goes a step further:it is a one-stop shop for someone who wants to know about the debt market in India.
650			_aINVESTMENT FIXED INCOME _912253
700			_aAPTE, ABHISHEK _915533
942			_2ddc _cBK
999			_c31937 _d31937