Dr Chetna Parmar

• Ph.D. in Finance
  Saurashtra University, Rajkot

  • Completed in 2011

  • Thesis Title: “An Empirical Investigation of Performance of Mutual Fund Industry in India”

  • Research focused on evaluating the performance metrics, investor behavior, and market dynamics influencing the Indian mutual fund sector.

• UGC NET (Finance & Taxation) – Qualified in December 2012

  • Certified by the University Grants Commission, Government of India, demonstrating national-level eligibility for lectureship and research in commerce and finance.

• Master of Business Administration (Finance)
  Indira Gandhi National Open University (IGNOU)

  • Completed between 2008–2012

  • Specialized in financial management and strategic financial planning.

• Master of Commerce (M.Com) – Finance
  Saurashtra University

  • Completed in 2004

  • Developed foundational expertise in financial markets, corporate finance, and accounting systems.

• Post Graduate Diploma in Financial Management (PGDFM)
  Indira Gandhi National Open University (IGNOU)

  • Completed in 2011

  • Gained applied knowledge in financial analysis, investment management, and capital budgeting.

• Post Graduate Diploma in Computer Applications (PGDCA)
  TN Rao Institutes

  • Completed in 2001

  • Built technical competency in data processing, programming, and IT systems for financial applications.

• Advanced Finance Analytics – IIT Kanpur (2024)

  • Successfully completed through NPTEL-MOOC platform.

  • Covered advanced concepts in data-driven financial modeling, predictive analytics, and AI applications in finance.

• NISM Certification – NSE Academy

  • Certified in four key modules:

    • Mutual Fund Advisor

    • Investment and Derivative Risk Analysis (IDRA)

    • Portfolio Management Services

    • Research Analytics

  • Credentialed under SEBI-recognized certifications for financial advisory and capital market research.

• Massive Open Online Courses (MOOCs)

  • Completed 18 MOOCs from globally recognized platforms such as Coursera and Great Learning (2020–2023), including:

    • “Financial Markets” – Yale University (Robert J. Shiller)

    • “Portfolio and Risk Management” – University of Geneva

    • “Python and Statistics for Financial Analysis” – HKUST

    • “FinTech & Financial Services Transformation” – Copenhagen Business School

    • “Practical Time Series Analysis” – SUNY

    • “Learning to Teach Online” – UNSW Sydney

    • “Personal & Family Financial Planning” – University of Florida

    • “Machine Learning for All” – University of London

  • These courses expanded her interdisciplinary expertise in data science, investment strategies, FinTech innovations, and pedagogical methods for online learning.

• Mutual Fund Performance Analysis

• Equity Market Dynamics & Behavioral Finance

• Portfolio Management & Risk Modeling (Markowitz Model, CAPM, Black-Scholes)

• Derivatives and Financial Instruments

• Event Study Methodology in Capital Markets

• Digital Public Infrastructure and Fintech Transformation

• Financial Literacy and Inclusion in Semi-Urban and Rural India

Research Paper

1. 1. January 2012, Volume 2, Number 1. ISSN: 2231-1769: The Research Development Associate published in Journal of Management Outlook: Title as “BSE and Sectors Indices: Comparative Study”
   2. November 2012, Volume -2, International Journals of Statistics and Analysis, ISSN: 2248 – 9959, “Price And Volume Effect Of Stock Split: Empirical Evidence From Indian Stock Market”
   3. September 2012/ Volume 2/ Issue 9/ Article No – 7, 1498-1506: International Journal Of Management Research And Review ISSN: 2249-7196 Research Paper: “Testing The Financial Performance: BSE 30” :
   4. December 2012/Volume 2, Number 1/ Global Journal of Finance and Economic Management, ISSN: 2249-3158: Research Paper “An Analytical Study on Volatility on Selected Commodities: Bullions, Metals & Energy: Black Scholes Model”
   5. October 2012/ Volume 5/ Issue 4: Pacific Business International: ISSN:0974-438X Research Paper” A Comparative Performance Of Mutual Fund Schemes SBI V/S HDFC” impact factor 6.56
   6. November 2013/ Volume 1/ Issue 6, International Journal of Advance Research in Computer Science and Management Studies ISSN: 2347-1778 Research Paper “Empirical Relationship among Various Macro Economic Variables on Indian Stock Market”
   7. December 2013, Volume 1/ Issue 7/ International Journal of Advance Research in Computer Science and Management Studies ISSN: 2347-1778 Research Paper: Upward Switches on BSE: An Explanation for Anomalous Stock Price Behavior”
   8. January 2014/ Volume 2/ Issue 1: International journal of Advance Research in Computer Science and Management Studies, ISSN: 2347-1778: Title: “Portfolio Selection Using Min- Max Approach; Selected Bank in India: Markowitz Model”
   9. January 2014/ Volume 2/ Issue 1, : Intercontinental Journal of Finance Resource Research Review, ISSN: 2347-1654 Research Paper “An Empirical Investigation on Performance of Gold & Currency: Black Scholes Model
   10. May 2014 / Volume 2/ : Intercontinental Journal of Finance Resource Research Review, ISSN: 2347-1654 Case Published: “Sahara India- Indian Conglomerate Business”
   11. December 2015, Portfolio Selection: Using Markowitz Model on Selected Sectors Companies in India, ISSN 2349- 7637 , Research Hub: International Multidisciplinary Research Journal
   12. February, 2015/ Issue 2/ Research Hub: International Multidisciplinary Research Journal, ISSN: 2349-7637, “ BSE and Sectorial Indices: A comparative Study”
   13. July 2016/ Volume 2/ Issue 1: International journal of Advance Research in Computer Science and Management Studies, ISSN: 2347-1778: Title: “Revamping Management Education”.
   14. August 2016/ Volume 2/ Issue 1: International journal of Advance Research in Computer Science and Management Studies, ISSN: 2347-1778: Title: “A study on the analysis of effect of management education on effectiveness of managerial competency”
   15. July 2016/ Volume 2/ Issue 1: International journal of Advance Research in Computer Science and Management Studies, ISSN: 2347-1778: Title: “Factors affecting buyers' decision while purchasing hatchback car"
   16. November 2014/Volume II/ Issue 11/ Intercontinental Journal of Finance Research Review ISSN: 2321 – 0354: title “A Comparative Analysis of Selective Companies: Using Capital Assets Pricing Model”
   17. January 2016/ Issue 2/ Research Hub: International Multidisciplinary Research Journal, ISSN: 2349-7637, “Title as “ A comparative performance evaluation of P/E Ratio: Selected Equity Schemes of Mutual funds”.
   18. September 2014, “Role of Financial Industry in Accelerating Economic Growth” ISBN: 978 – 81 – 9237-874-9, “An Empirical Analysis of Stock Behavior at the event of an offer for sale: Evidence from Indian Capital Market”
   19. January 6, 2016: Published RK University, School of Management as ICRE International Conference ISBN: 978-93-5254-061-7 “A Study on Research Articles on Hatchback Cars: Customer Perception and Buying Behaviour”
   20. January 6, 2016: Published RK University, School of Management as ICRE International Conference ISBN: 978-93-5254-061-7: “Offer of Sale – Event Study” Best paper
   21. September 2016, Volume 1, Issues – 5, ISSN:2320- 7620, “A descriptive research on observing class performance of teachers, given space an international referees multidisciplinary journal of applied research.
   22. September 2016, Volume – 1, Issue – 2, ISSN: 2321 – 7073, the role of contribution of H.R. towards organization development, in research matrix an international journal.
   23. 21st May 2017, title: A study on Fundamental Analysis –Factors Affecting Selection of Security for Portfolio Construction with special reference to the Automobile Industry. ISBN: 978-81-934083-0-8 International Conference on New Frontiers of Engineering, Science, Management and Humanities (ICNFESMH-2017) at (NITTTR) National Institute of Technical Teachers Training & Research, Chandigarh
   24. VOLUME NO. 7 (2017), ISSUE NO. 02 (February), International Journal of Research in Computer Application and Management, title: Review Article On Modern Portfolio Theory: Markowitz Model, ISSN 2231-1009
   25. December 2016, Page no 347-353 volume IV ISSUE 1 “A Study On Diverse Parameters Of Organizational Culture & Its Impact On Employees' Performance” The Board of    International Journal of Research and Scientific Foundation ISSN: 2321-2705
   26. 9th February 2019, 2nd International Conference on Managerial Strategies for Technological Transformation in the 21st century,” Title “Mutual Fund: Validation of Performance Evaluation Index”.
   27. 26 & 27 April 2019, 10th International Conference on Transformation of Business Economy and Society in Digital Era “title as “Testing the Financial & Fundamental Performance: BSE 100”
   28. May 2020, An Empirical Analysis of Stock Behavior at the event of an offer for sell –Evidence from Indian Capital Market – TSET – Scopus International Journal
   29. 2021 A study on Investor Decision Affecting due to Demographical Factor – Kutch Region – Kala Sarovar ISSN: 0975-4500 – UGC A Care List
   30. 2021”A study on the effect of macroeconomic indicators on the Stock Market in India – Kala Sarovar ISSN: 0975-4500 UGC A Care List
   31. 2021 A Study on Portfolio Selection using Min – Max Approach Sectors of BSE 100 – Kala Sarovar – A Care List
   32. 2021 An Empirical Investigation of the performance of gold and crude oil during a pandemic: Black Scholes Model: ISSN: 2581-9925
   33. 2021 An Empirical Investigation of the performance of currency derivatives during a pandemic: Black Scholes Model: ISSN: 2581-9925
   34.  November 2023, MS University, ISBN: 0025-0422 UGC Care List A  “A Perception Of Retail Investor Towards Derivatives Market In Ahmedabad
   35. European Global Institute at Dubai, 19th & 20th February 2025, "Aligning ESG Principles with Sustainable Finance in India: Challenges and Opportunities”
   36. Annual International Conference CPIM 25th April 2025 “India's Path to Sustainability: Can Green Swans Lead the Way
   37. ICFTSEM II –. 27th & 28th February 2025 "AI-Driven Performance of Fintech: Navigating Challenges and Unlocking Potential"

Oral conference presentations

1. 21st and 22nd, 2006, UGC Sponsored National Level Conference organized by Department of Commerce and Business Administration, Title” Merchant Banking as an Emerging Financial Services”
2. 24th February, 2006 UGC Sponsored National Level Conference on “Contemporary Issues in Finance”
3. 7th January, 2007, National Level1st and 2nd April 2006, National Seminar on Corporate Governance Converting Dream into Effective Reality Title: “SEBI & Corporate Governance”
4.  Faculty of Commerce MS University Impact of Technology on Business Title “Impact on Stock Market Trading”
5. 19th February 2007, UGC Sponsored National Conference organized of Commerce and Business Administration, Title “SWOT Analysis of BPO Industry”
6. 26th March 2007, AICTE Approved National Level Workshop on Quality Improvement Program on Management Education in India.
7. 14th April 2007, Course on Kutch Saurashtra Productivity Council “Effective Public Speaking”
8. 28th to 30th April 2008, State Level Faculty Development Program, Organized by RK College of Business Management.
9. 15th and 17th September 2008, International Conference Management Sciences and Arts Title” Online Stock Marketing Trading”
10. 17th January 2009, National Conference on Global Crisis and Its Impact on Indian Economy Title “Global Crisis on Indian Banking Industry”
11. 5th December 2009, Rajkot Management Association State Level Conference “A Study on Performance of Mutual Fund in India”
12. 21st July, 2009, Confederation of Indian Industry Work Shop on “Corporate Culture for SMEs”
13. 18th September 2009, Indian Institution of Management Ahmedabad “Workshop on Research Proposal and Report Writing”
14. 23rd January 2010, Faculty Development Progarmme, Indian Accounting Association, organized Saurashtra University Industry Institutions Interaction Cell: “Case Pedagogy in Management”
15. 7th February 2010, International Conference on New Dimensions in Management Striving for Business Excellence” The Study on Equity Diversified Schemes of Mutual Funds”
16. 18th March 2010, National Conference on New Dimensions in Management organized Indian Accounting Association & Post Re view of Union Budget “BSE and Indices: Comparative Study”
17. 3rd July 2010, Confederation of Indian Industry, Seminar on SME Finance and Innovation for SME Competitiveness.
18. 21st August 2010, Gujarat Technical University organized Faculty development Programme on “Security Analysis and Portfolio Management” Dr. PK Priyan.
19. 12th and 13th February 2011, International Seminar on Changing Paradigm of Accounting & Finance in Global Perspective, Title “ A Comparative Study on Performance of Fund Managers Selected Schemes of Mutual Funds”
20. 27th and 28th February, 2011, UGC Sponsored National Conference & Level Work Shop on Leadership Challenges “A Comparative Study on Performance of Fund Manager on Selected Schemes of Mutual Fund”
21. 12th March 2011, Ethno Quest 2011” HR Summit on “Managing Employee Behavior and Attitude”
22. 27th June 2011, Cleared National Institute of Securities Markets, Mutual Fund Distributors Certification Examination”
23. 27th November 2011, UGC Sponsored National Conference on Management, Commerce, Business and Economic Research, “BSE and Sectorial indices: Comparative research”
24. 28th January 2012, UGC Sponsored National Conference on Recent Advances in Accounting and Finance, “Testing the financial performance of BSE 30”.
25. 3rd March 2012, Gujarat University Financial Skills Council, jointly with Motilal Oswal Securities Ltd.. On Challenges in Equity and Debt Markets, Ahmedabad Management Association, Ahmedabad.
26. 14th April 2012, Nirma University “Case Teaching Methodology” Faculty Development Programme.
27. 26th and 28th April 2012, Nirma University “Spreadsheet Applications in Financial Management” Faculty Development Programme
28. 5th and 6th January 2013, All India Accounting Conference and International Seminar on Accounting Education and Research, Title “ Testing Capital Assets Pricing Model: Factors Affecting Security Return/Portfolio Return SENSEX”
29. 22nd and 23rd February 2014, GTU and Marwadi Education Foundation organized an International Conference on Management of Globalization Business; Emerging Perspectives.
30. 26th and 27th September, 2014: International Conference, Gujarat Technology University, Centre for Financial Services: Role of Financial Industry in Accelerating Economic Growth” Title of research paper: “An Empirical Analysis of Stock Behavior at the Event of Offer for Sell: Evidence from Indian Capital Market”
31. 26th and 27th September, 2014: International Conference, Gujarat Technology University, Centre for Financial Services: Role of Financial Industry in Accelerating Economic Growth” Title of research paper: “Event Study Methodology and Issues – A Review”
32. 14th April, 2015 “A Comparative Analysis using CAPM MODEL, Emerging issue in management innovation” Saurashtra University.
33. 1st March 2014, UGC Sponsored National Conference on Emerging Global Issues in Management Innovations Title” A Comparative Study: BSE SENSEX with Indices”
34. 1st March 2014, UGC Sponsored National Conference on Emerging Global Issues in Management Innovations Title “ Profitability analysis of selected nationalised banks in India”
35. January 5th and 6th 2016, RK University First International Conference on Research and Entrepreneurship, research title: “A Comparative Performance Evaluation of P/E Ratio: Selected Equity Schemes of Mutual Fund.”
36. 26th to 30th March 2016, RK University, Faculty Development Programme on “Learning Experience Design”
37. 5th June and 11th June 2017 Research Methodology and Data Analysis with SPSS, organized by department of commerce and Business Administration, Saurashtra University, Rajkot.
38. 9th February 2019, 2nd International Conference on Managerial Strategies for Technological Transformation in 21st century” Title “Mutual Fund: Validation of Performance Evaluation Index”.
39. 12th & 13th December 2024 “Portfolio Risk Modeling on Selected Companies Listed in BSE: Markowitz  Model” 2nd International Finance & Accounting Conference

Faculty Development Programs 

1. 22nd January 2019 Workshop as a one-day “Emerging issue in Capital Market in India” organized by the Department of Business Management, Saurashtra University, Rajkot, the key speaker is the CEO & MD of BSE India.
2. On 8th March 2019, CII will hold its 2nd session on Nari Shakti—led by The session will be based on the real-life experience of a selected female.
3.  7th & 8th June, 2020, Impact of COVID-19 on the Indian Economy – Indian Accounting Association.
4.  11th July, 2020 FDP “Derivatives – Options and Swaps”
5.  22nd & 28th July, 2020 FDP – “emerging Technologies in Education & Research for College Teachers & Research Scholars”.
6.  7th to 11th December 2020 “Designing and Process of Writing Research Papers in High-Quality Scopus Indexed International Journals” – Sharda University
7.  30th June 2021 “NAAC related Quality Enhancement Techniques – IQAC VNSGU – Surat
8.  5th to 11th July 2021 “Transformation in India Education Through New Education Policy – Challenges and Opportunities”
9.  27th to 31st March, “Teaching Pedagogy and Life Skill Management” – Hindusthan College of Arts & Science – Coimbatore
10. 21st & 27th August, 2023 “3rd online Short-Term Course on Education Policy” – UGC HRDC – Gujarat University
11.  9th March 24, “Elementary of Mathematics” – GSFC University
12. 23rd March 2024, “Budget and Spreadsheets” – GSFC University
13. 26th March 2024, Finance for Non-Finance Professionals – GSFC University
14. 1st and 2nd April 2024, “Research and Innovation” - GSFC University
15. 10th to 13th September 2024, “Building Competencies – Enhancing Teaching Skills and Administration Effectiveness”
16.  6th September 2024, “Indian Knowledge (IKS) – GSFC University
17. 5-Day Faculty Development Program on “Bridging the Gap between Academia and Industry”, held from 23rd to 27th June 2025, organized by the School of Management Studies and Liberal Arts
18. 5-Day Faculty Development Program on "Data Analysis Using Python", organized by the Department of Data Science, School of Science, GSFC University, from 3rd July to 8th July 2025. 

  Book Chapters

1. Mutual Fund in India – Paradise Publicaction Chapter title: The study of Equity Diversified Schemes of Mutual Funds in India 2009
2.  Apply Academic Press: Scopus 2024Book Title: Advanced Materials for Recycled Products: Chapter Title: Advancements in Rubber Recycling Technologies: From Waste to Valuable Material - April 2025 
3. Apply Academic Press: Scopus 2025 Book Title: Education for Sustainable Development as a Catalyst for Social Transformation: An Evolutionary Perspective - July 2025

1. Associate Professor, School of Management & Liberal Arts (SoM&LA)
GSFC University, Vadodara, Gujarat
October 2024 – Present
Currently serving as Associate Professor of Finance, teaching postgraduate, undergraduate, and doctoral-level finance and research courses.

2. Associate Dean (School of Management), GSFC University
July 2019 – September 2024
As Associate Dean, Dr. Parmar was instrumental in leading academic governance and strategic planning for SoM&LA. She chaired the Board of Studies and contributed to curriculum development, program structuring (BBA, MBA, PhD, B.Com. as per NEP 2020), and academic policy formulation. Represented the school on the Board of Management, Academic Council, and Governing Body for five consecutive years.

3. Professor, School of Management, RK University, Rajkot
June 2017 – May 2019
Held academic leadership responsibilities including Ph.D. supervision, FDP organization, and advancing research-driven teaching in finance, investment, and capital markets.

4. Associate Professor, School of Management, RK University
June 2011 – May 2017
Handled core finance subjects and served on the university’s curriculum and academic audit boards. Played a central role in student mentoring and MBA program enhancements.

5. Assistant Professor, RK University
June 2006 – May 2011
Began higher education teaching career delivering foundational and advanced courses in Business Statistics, Financial Management, Security Analysis and Portfolio Management, and Operations Research - MBA Program.

Industry & Advisory Roles

1. Junior Manager – Mutual Funds, Keynote Consultancy
2004 – 2006
Managed mutual fund advisory operations and client portfolio diversification services. Gained practical exposure in India’s evolving investment sector.

2. Financial Advisor – Value@U & Associated Platforms
Ongoing (16+ years)
Offers professional advisory services in financial planning, mutual funds, and portfolio management through affiliations with platforms like:

• AMFI (SEBI certified)

• Prudent Advisory Services Ltd.

• Leadercare Financial Solutions

• AssetPlus – FinTech

• PMS-XII (SEBI-recognized training)

3. Faculty Internships & Institutional Collaborations

• Leadercare Financial Solutions – July 2022

• Ascent Financial Solutions – August 2023

• Bank of Baroda – August 2024

• Leader Wealth Financial Planner - July 2025

Industry Engagement & Consulting

• Consultant & Mutual Fund Advisor – Value@U

• Experience in Mutual Fund Industry – Junior Manager, Keynote Consultancy (2004–2006)

• Faculty Internships – Leadercare Financial Solutions, Ascent Financial Solutions, Bank of Baroda, Leadercare Wealth Financial planner 

• Associated with AMFI, PMS-XII, and various fintech and portfolio advisory firms - Assetsplus 

Editorial Roles & Memberships

• Editorial Board Member of 4 International Journals

• Active Member:

  • Indian Accounting Association (IAA)

  • All India Management Association (AIMA)

  • Baroda Management Association (BMA)

  • Association of Mutual Funds in India (AMFI)

Dr. Parmar has delivered keynote lectures, plenary sessions, and FDPs on:

• Finance & Fintech Analytics

• ESG & Sustainable Finance

• Derivatives and Capital Market Trends

• Outcome-Based Education & NEP 2020

Notable talks:

• Mangalum Business School, Delhi – 2023

• GTU MBA Program – 2025

• Saurashtra University – Department of Management, Department of Commerce, Multiple Years - 2011 to 2016 

• SITE Academic -Workshop on Reserach Analystis Tools - Norway 

• Best Paper Award, International Finance Centre in GTU International Conference – 2014

• Best Paper Award, RKU ICRE Conference – 2016

• Best Paper Award, RKU ICRE International Conference - 20218

• Best Paper Award, European Global Institute at Dubai, 19th & 20th February 2025, "Aligning ESG Principles with Sustainable Finance in India: Challenges and Opportunities”

• Multiple recognitions for contributions to culture, UGC documentation, and sports coordination

• Contributor to “Finvest Chronicle” – Bimonthly financial newsletter at GSFC University - 8 articles.