CERTIFIED PORTFOLIO MANAGER COURSES IN INDIA

Portfolio Management Leading to the CIIA Qualification from ACIIA, London

Economic liberalization and decontrol have transformed the economic landscape of India. Globalization of the economy is at the forefront of the reforms agenda of the Government. As greater faith was placed on the allocative efficiency of the markets, the Government progressively liberalized controls to overcome severe distortions that impeded the functioning of the market forces.

The reforms process initiated in the early nineties had far reaching implications for capital markets too. The abolition of CCI, free pricing of securities and the entry of private sector and foreign mutual funds has instilled competition and market orientation in the capital markets. Global fund management giants like Merrill Lynch, Templeton, Morgan Stanley, Alliance, Threadneedle and Jardine Fleming, among others have set up mutual fund operations in India. Other developments like permitting mutual funds to participate in the call markets and GDR market as well as the introduction of index funds, factor funds and sector funds mean that the Indian mutual fund segment has come of age. And if the above developments are rapid enough, the emergence of internet trading is likely to drastically change existing portfolio management paradigms.

The CPM Approch

The CPM Program follows five distinctive but inter-related approaches:

Theoretical Studies aimed at improving candidates' understanding of certain fundamental phenomena and relationships underlying the changing world.

Case Studies linking the theoretical studies to the practical problems faced by portfolio managers.

Practical Exposure to industry practices takes place through a variety of activities like management development programs, seminars, conventions, etc.

Global Perspective to business by encouraging the candidates to appreciate and get exposed to the international business environment and practices.

Ethical Focus aimed at inculcating in the candidates an ethical approach in their professional interactions and a sense of personal, corporate, and social responsibilities.

The Body of Knowledge

CPMR visualizes the body of knowledge of the CPM Program as covering three interrelated areas:

The Core body of knowledge : Specialized fields and skills which are essential to business and its orderly functioning.

The evolving concepts, techniques and strategies : Debated and tested by researchers and practitioners but not yet understood well enough to be included in the core areas.

The frontiers : The newest ideas, speculative and often controversial, but offering the promise of practical insights into the process of analysis, and decision-making.

Ideas enter the realm of knowledge at the frontiers and gradually as they are tested and refined, move towards the core body of knowledge.

For Whom

Keeping in mind the avenues open to candidates who take up the CPM Program, this course would be useful for:

• Finance and Accounting Professionals like CFAs, CAs, CWAs, CSs, MBAs who seek careers in portfolio management and mutual funds.
• Professionals employed in the investment and treasury departments of banks and financial institutions.
• Professionals working in the investment departments of corporates.
• Entrepreneurs and managers engaged in equity research and portfolio management.
• Candidates pursuing professional courses like CFA, CA, CWA, CS, CAIIB, CTM, CIB etc.
• Candidates pursuing full-time postgraduate programs in commerce, economics, mathematics, statistics and management.
• Other individuals associated with financial markets.