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Security Analysisand Portfolio Management

This course aims to develop an understanding of investment scenarios and capital markets, both domestic and global. It provides in-depth knowledge of portfolio management theories, techniques, and regulations to help students make sound investment decisions. The course covers topics such as stock market basics, investment alternatives, portfolio management processes, risk and return measurement, fundamental and technical analysis, modern portfolio theory, equity valuation models, and portfolio management practices.

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Senthil Kumar
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© © All Rights Reserved
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Download as PDF, TXT or read online on Scribd
19 views

Security Analysisand Portfolio Management

This course aims to develop an understanding of investment scenarios and capital markets, both domestic and global. It provides in-depth knowledge of portfolio management theories, techniques, and regulations to help students make sound investment decisions. The course covers topics such as stock market basics, investment alternatives, portfolio management processes, risk and return measurement, fundamental and technical analysis, modern portfolio theory, equity valuation models, and portfolio management practices.

Uploaded by

Senthil Kumar
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Course Title: Security Analysis And Portfolio Management

Course Code: FIBA732


Course Objectives
This course aims at developing an understanding of the changing domestic and
global investment scenario in general and Indian capital market in particular with
reference to availability of various financial products and operations of stock
exchanges. It aims at providing an in-depth knowledge of the theory and practice of
portfolio management. Important theories, techniques, regulations and certain
advancements in theory of investment will be covered with an aim of helping the
participants make sound investment decisions in the context of portfolio investment.
Course Contents/Syllabus
Module I Nature and Scope of Investment Management and Portfolio Analysis:
Overview
Basics of stock markets. Investment versus Speculation, Investment Alternatives and
Their Evaluation, Financial Markets, Portfolio Management Process, Approaches to
Investment Decision Making, Common Errors in Investment Management, and
Qualities of Successful Investing. Role of Portfolio Management, Portfolio
Management Practices in International markets.
Module II : Basic Concepts and Methods
Risk and Return –Measuring Historical Return, Measuring Historical Risk,
Measuring Expected (Ex Ante) Return and Risk. Fundamental Analysis: Economic
Analysis, Industry Analysis , Company Analysis Framework Technical Analysis :
Basic Tenets of Technical Analysis – Dow Theory – Behavior of Stock Prices –
Major Trends – Charts and Trend Lines – Resistance and support Lines – Different
Patterns, Elliot Wave Theory, Efficient market theory.
Module III : Modern Portfolio Theory
Portfolio Theory: The Benefits of Diversification, Diversification and Portfolio
Risk, Portfolio Return and Risk, Measurement of Co movements in Security
Returns, Calculation of Portfolio Risk, Efficient Frontier, Optimal Portfolio. Capital
Asset Pricing Model – Assumptions – Inputs Required for Applying CAPM, The
Capital Market Line – Security Market Line, Pricing of Securities with CAPM.
FAMA French Model, Limitations for all models.

Module IV : Equity Valuation


Equity Valuation: Balance Sheet Techniques- Book value, Liquidation value,
Replacement cost. Discounted Cash Flow Techniques: Dividend discount model,
Free cash flow model. Relative Valuation Techniques: Price-earnings ratio, Price-
book value ratio, Price-sales ratio.
Module V: Portfolio Management
Specification of Investment Objectives and Constraints, Selection of Asset Mix,
Formulation of Portfolio Strategy, Selection of Securities, Portfolio Execution,
Portfolio Revision, Performance Evaluation. Latest Developments, Trends and
Practice. Structure of Forward and Future Markets. Interpretation of Future and
Option Price Quotations.
Text reading
• Investment Analysis and Portfolio Management, Chandra, P (Tata McGraw
Hill Publishing Co. Ltd.)
References
• Security Analysis and Portfolio Management, S. Kevin (PHI Publications)
• Investment Analysis and Portfolio Management, 6e, Frank K. Reilly and
Keith C. Brown (Dryden Press)
• Modern Investments and Security Analysis, Fuller R J; Farrel JL (McGraw
Hill)
• Security Analysis and Portfolio Management, 6e, Fischer DE & Jordan R J
(Prentice Hall).
• Portfolio Construction, Management & Protection, 3e, Strong, R.A.,
Thomson Learning Pvt. Limited
• Portfolio Management, Barua, S. K.; Raghunathan V; Varma, J R (Tata
McGraw Hill Publishing Co. Ltd.)
• Investments, 6e, Bodie, Zvi; Kane, Alex; Marcus, Alan J; Mohanty, Pitabas
(Tata McGraw Hill Publishing Co. Ltd.)
• Modern Investment Theory, 5e, Haugen, Robert A (Pearson Education)
• Investments: Analysis and Management, 8e, Jones, Charles P (John Wiley &
Sons)

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