Security Analysis & Portfolio Management

Unit

Course Description

Sessions

Unit I

Concept of Saving and Investment: Concept and Relation Between Savings and Investment at Macro Level, Investment Objectives and Avenues, Factors Affecting Savings & Investment in India.

3

Unit II

Investing in Securities Market- Overview of Primary and Secondary Market. Stock Market Indices- Nifty and SENSEX (Calculation Methods Used), Concept, Types and Procedure of Public Issue Equity & Debentures, Criteria to Evaluate Financial Market Securities.

3

Unit III

Risk & Return: Concept of Risk and Return, Risk Free Return and Risk Premium, Measurement of Risk & Return in Controlled, Regulated and Market Economy.

2

Unit IV

Portfolio Management and Portfolio Analysis: Concept, Elements and Types of Portfolio Management, Measurement of Risk and Return in Stock and Financial Markets.

Theories of Portfolio Management- CAPM, Markowitz Theory of Portfolio Selection, Evaluation of Portfolio Using Sharpe Measure & Treynor Measure. Portfolio Management in India.

4

Unit V

Investment in Fixed Income Securities –Fundamentals of Bond, Risk Factors in Fixed Income Securities, Yield v/s Return, Types of Yield, Significance and Understanding of Bond Rating in Investment Decision Making, Overview Bond Portfolio Management Strategies.

3

Unit VI

Valuation of Equity: Scope of Return in from Equity Investing, Models of Equity Valuation – Comparable Approach, Dividend Discount Models, Discounted Cash Flow Valuation Models.

3

Unit VII

Fundamental Analysis – Concept, EIC Framework- Economic, Industry and Company. Inferences and Implication from Fundamental Analysis.

3

Unit VIII

Technical Analysis - Concept, Types of Charts and Formations in Charts, Inferences of Charts. Application of Technical Analysis in India.

3