Dr.Akshay Damani

Associate Dean and Associate Professor


M.com., MBA (UK), FCA., Ph.D.


Areas of Specialization:        


Finance and Accounting






Interest Areas:          

Portfolio Management, Financial Statement Analysis, Financial Accounting, Financial Management

Experience:    

20 years of teaching experience in post graduate and undergraduate programs including MBA, Executive MBA, M.Sc. Finance, M. Commerce, PGDM, BBA, B.Sc. Finance, B.Com.(Hons.), B.Com., B.M.S., B.B.I. and B.A.F.

Research:       

Publications in ABDC Journals:3, International Journals:6, National Journals:10, Presented research papers in Conferences 7. Core research interests lie in Portfolio Management and Mutual Fund Performance, Evaluating Financial Performance of Companies

Publications:   

Book: ‘Performance Evaluation of Mutual Funds’ (2016) - ISBN 978-1-329-84712-5 

Case Study publication 

a) Raj Fertilizers and Chemicals (RFC) - An Agro Based Start-up. Published in Case Centre, United Kingdom Case Reference no. 820-0009-1 (2019-20) 

b) Tale of Two Chemicals Companies. Published in Case Centre, U.K. Case reference no. 120-0004-1 

c) Mumbai City`s BEST Bus Service: A Bane or Backbone?  (2019-20) Published in Case Centre, United Kingdom (U.K.). Case Reference no. 219-0032-1 (2019-20) 

Publications:

  • Published in ""B"" category of ABDC Journal- Corporate Ownership & Control, Vol. 19, Issue 1, November 2021. Predicting the Relative Performance of Actively Managed Equity Mutual Funds Using Diverse Performance Evaluation Techniques.
  • Predicting Mutual Fund performance using diverse performance evaluation techniques, market-timing model and style analysis for top global actively managed equity mutual funds – Pensee International Journal– Scopus Indexed journal. , Vol. 51 Issue 02 – 2021. Paper id: PNS-0221-119 ISSN: 0031-4773
  • Published in ""C” category of ADBC Journal – Finance India, April 2019, An Empirical study of the Financial Ratios of the Indian Information Technology Sector by applying Factor analysis and substantiation of the results using Cluster analysis. ISSN No. 0970-3772, Vol. XXXV, No. 1, Issue March.2021. ISI Impact Factor 1.518
  • Published in ""C”category of ADBC Journal – Finance India, August 2018, An Empirical Study of Market Timing Abilities of Mutual Fund Managers in India. ISSN No. 0970-3772, Vol. XXXIV, No. 4, Issue Dec.2020. ISI Impact Factor 1.518
  • An Empirical Study of the Application of the Free Cash Flows to Firm (FCFF) Model of Valuation for Suzlon Energy ltd – published in International Journal of Business and Management Invention. Vol. 6 Issue 7 pp123-146 ISSN (Online): 2319 – 8028, ISSN (Print): 2319 – 801X (July 2017)
  • A Comparative Study and Analysis of the Capital Structure and Working Capital of Indian Textile Industry - published in ‘Academicia: An International Multidisciplinary Research Journal’. Vol. 7, Issue 4, pp-171-179. ISSN: 2249-7137. 2016-17 (April 2017)
  • An Empirical and Analytical Study of the Fund Performance and Stock Selection Abilities of Selected Mutual Funds in India, South Asian Journal of Marketing and Management Research. Vol. 7, Issue 3, pp5-22. ISSN: 2249-877X. 2016-17 (March 2017)
  • Published Abstract of Thesis in METs Management Retrospect biannual Journal, Vol. 1, Issue 2, pp70-84. ISSN no. 2455-0841. 2015-16 (Jan 2016).
  • An analytical review of the portfolio construction by large diversified equity funds in the context of Markowitz Portfolio Theory – co-presented at Remsons International Research Conference on Emerging Market Practices at DSIMS, Mumbai – 2015-16 (February 2016).
  • Performance evaluation of selected Public sector Mutual Fund Schemes in India (With special reference to selected Equity (Growth) schemes for the period 2004-2014 – published in the ‘International journal for Interdisciplinary knowledge’ – by M.K. Sanghvi College of Commerce and Economics bearing ISSN no. 2394-0018, Vol. 1, pp91-97, 2014-2015
  • Performance evaluation of Selected Public sector Mutual Fund schemes in India (With special reference to selected Equity (Growth) schemes for the period 2003-2013 – published in Journal – Management Reflection – by Ashoka Business School bearing ISSN no. 2349-0942, Vol. 1 Issue 2, pp9-16, July-December 2014
  • A comparative study of the Performance of Selected Mutual Fund Growth Schemes from Private and Public sector in India – published in ‘Anvesha-The Journal of Management’ by IES Management bearing ISSN no. 0974-5467, Vol. 7, No. 1 pp1-9, January-March 2014. Appearing in PROQUEST DATABASE
  • An Analytical and Comparative study of the performance of selected Private sector Mutual Fund Schemes and Public Sector Mutual Fund Schemes in India [With special reference to selected Open Ended Equity (Growth) oriented schemes for the period 2002-2012] – published in Journal – Business Research Perspective and presented at by K J Somaiya Institute of Management Studies and Research, January 2014
  • Presented a research paper at the International Seminar titled, ""Fund Raising from International Market and Its Impact on Current Account Deficit and Total External Debt of India”, at MGV`s Institute of Management Studies and Research, Nasik, January, 2014.
  • An Analytical and Comparative Study of the Performance of Selected Public and Private Sector Mutual Fund Schemes in India {With special reference to selected Equity (Growth) Oriented Schemes for the period 2007-2012} – published in journal – Management Research – by Thakur Institute of Management studies and Research, December 2013, ISSN no. 2278-5752 Vol. 2, Issue no. 2, pp112-122
  • An Analytical and Comparative Study of the performance of selected Public and Private sector Mutual Fund Schemes in India {with special reference to Equity Growth schemes for the period 2007-2012} – published in Journal – Business Research Perspective and presented at by K J Somaiya Institute of Management Studies and Research, February 2013.
  • Business excellence through Corporate Governance– on Corporate Governance. Indian Journal of Management Science Special issue on National Seminar. Presented at and Published by MGV`s Institute of Management Studies and Research, Nasik, February, 2013.
  • An Analysis of the Performance of Selected Mutual Fund Schemes in India {with special reference to selected Equity (Growth) Schemes for the period 2007 to 2012} – Journal of Management Research published by Thakur Institute of Management Studies and Research, December 2012.
  • An Empirical Study and Testing of Efficient Market Hypothesis with reference to Stock Market Indices of selected countries in current global economic scenario. – SANKALP – Annual Management Research Journal published by MGV`s Institute of Management Studies and Research, Nasik, December 2012.
  • An Empirical Study and Testing of Efficient Market Hypothesis with reference to the Bombay Stock Exchange Sensitivity Index comprising of Thirty Stocks - Journal of Management Development and Research published by Kohinoor business School, June 2012.
  • Fund Raising from International Market and Its Impact – Epistome 2011 published by Sinhgad Institute of Management Studies, December 2011
  • Environmental Accounting – presented at ‘Knowledge Utsav’ – a National level conference organized by Tumkur University and Jain (Deemed) University, August 2010.
  • Quality Management system in Educational Institutes-presented at ‘Knowledge Utsav’ – a National level conference organized by Tumkur University and Jain (Deemed) University, August 2010.
  • Impact on Mutual Funds –presented at the National conference on ""Global Economic crisis-challenges & opportunities-MGM Institute of Management Studies & Research, March 2010.
  • Innovative methods adopted for up skilling future business managers - presented at the National Research seminar organized by St. Francis Institute of Mgt & Research, Feb 2010
  • Global Financial Crisis: 2007-08 - presented at an Inter collegiate Paper presentation event at M.K. Sanghvi College of Commerce and Economics, December, 2008.”

Publications and Research papers presented:        

yes

Conferences / Workshops / Seminars attended/ Certifications:   

  • FDPs, Workshops and Coursera certifications
  • FDP on ‘Mutual Fund Insights’ organised by NISM and AIAIMS
  • FDP on ‘R’ conducted by NMIMS - Navi Mumbai campus
  • Structuring Research & Communicating’ by Prof. Robert Faff from University of Queensland, Australia on Case Method Teaching Seminar’ by Prof. V.G. Narayanan from Harvard Business School
  • Case Study – as a teaching pedagogy’ by Dr. Chandan Dasgupta
  • Higher Education best practices by faculties from St. Martin’s University, USA
  • International Finance by Prof. Govind Sowani
  • Advanced Financial Statement Analysis at Indian Institute of Management (IIM) – Kozhikode, India
  • Research Methodology at Thakur Institute of Management Studies

Workshops:

  • Successfully completed a three-day workshop by Prof. John Mullins (from London Business School), on Venture Capital, Angel Funding and Debt – raising capital for your entrepreneur’s venture in partnership with Cherie Blair Foundation for Women, UK, hosted by SINE – IIT Mumbai. September 2011
  • Successfully completed a five-day course on ‘Entrepreneurship Foundation training course for faculties’ at S.P. Jain Institute of Management studies and Research- Mumbai, from 24.10.09 to 28.10.09 organized by National Entrepreneurship Network (NEN). Mumbai, India.
  • Participated in the workshop on “Skills required for research” on 23.12.08 and 24.12.08 organized at Thakur Institute of Management Studies and Research, Mumbai

Certifications:

  • Completed 10 Coursera Certifications in Finance areas
  • Completed certification in Faculty-ISO 9001:2008 Internal Auditor training program at Thakur Engineering College conducted by Quintessential.”

Academic activities:  

  • Actively involved in curriculum upgradation in consultation with faculties across all programs at School level
  • Developed the curriculum of M.Com. programme for NM College
  • Contribution to the development of curriculum for SOBA (School of Branding and Advertising)
  • Actively involved in curriculum designing for British Going Global Partnerships for Exploratory Grant

       to create a joint course on a theme of mutual bilateral interest, market demand and meet global standards

  • Conducted Webinar to orient the Final year students for their respective business plans
  • Regular follow up and co-ordination for Bloomberg Training, Bloomberg certification for students and faculty at

       School level

  • Orientation and counselling webinar held for Second year students to guide with the choice of electives
  • Examination support at school level at multiple points like conducting webinar to orient students with online exams,

       floor supervision etc

  • Developed and submitted proposed course structure (only) for new programs
  • Member of LARC at University level
  • Managing the Placement Assistant Cell at School level
  • Institutional promotion and brand building at Mastermind
  • Member of Student’s Council at school level
  • Part of the School level team for NAAC accreditation and documentation for the same
  • Contribution towards implementation of NEP & IDP for the same
  • Co-Led and won along with University of Bristol faculties the award for British Going Global Partnerships for

       Exploratory Grant

  • Board of Studies Member at Mithibai College
  • Board of Studies Member at NM College
  • Pre Admission counselling and providing information to students and parents
  • Assisted in faculty recruitment interviews as domain expert
  • Assisted in Alumni connect by arranging Alumni Guest sessions for students"

Awards:         

  • Won the best paper award (co-authored) at the Remsons International Research Conference on ‘Emerging Market Practices’ at DSIMS, Mumbai February 2016.
  • Won the best paper award at the International Seminar on Fund Raising from International Market and Its Impact on Current Account Deficit and Total External Debt of India at MGV`s Institute of Management Studies and Research, Nasik, January, 2014.
  • Won the best paper award at the National Seminar on ‘Business excellence through Corporate Governance’ at MGV`s Institute of Management Studies and Research, Nasik, February, 2013.
  • Won the Best Employee Award - Teaching category 2009-10 at TIMSR
  • Won the Outstanding Faculty award-Teaching category 2011-12, at Jaro Education in association with United Business World, Belgium
  • Won the best research paper presentation award for both the papers at ‘Knowledge Utsav’ in August 2010
  • University - MBA Scholarship for pursuing the Course in University of Westminster, London
  • Awarded the Chairman`s Medal for the Best student in 1994-95 at graduation”

Management Development Programs:       

No

Professional Memberships:  

Institue of Chartered Accountants of India

Editorial Board Membership:          

no

Official Email Id:        

akshay.damani@nmims.edu

Office Phone No:       

91-022-42355541

 




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