Investment Management

 Syllabus

(Course Code: 20IMG23GM4)

UNIT-I

Investment- Concept, Objectives and Process of Investment Management, Financial and Non-Financial Forms of Investment, Various Investment Avenues, Sources of Investment Information, Financial Market and Investment Instruments, Services of Intermediaries in Investment Management, Regulatory Framework in Financial Market.

UNIT-II

Analysis of Risk & Return, Concept of Total Risk, Factors Contributing to Total Risk, Systematic and Unsystematic Risk, Default Risk, Interest Rate Risk, Market Risk, Management Risk, Purchasing Power Risk. Valuation of Debt Instruments- Methods of Valuation, Risk Management in Debt Market. Valuation of Equity- Methods of Valuation Including CAPM and their Relevance.

UNIT-III

Fundamental Analysis: Concept & Significance of Economic Analysis, Industry Analysis: Introduction, Need for Industry Analysis, Alternative Classification of Industry, Industry Life Cycle Analysis, Economic Factors & Industry Analysis, Company Analysis - Nature and Style of Management, Key Role of Financial Analysis, Ratio Analysis. Technical Analysis: Line Chart, Bar Chart, Points and Figures Chart, Candlestick Chart, Reversal Patterns, Continuation Patterns, Dow Theory, Elliott Wave Theory.

UNIT-IV

Portfolio Theory- Efficient Market Hypothesis (EMH), Random Walk Theory, Markowitz Diversification Model, Sharpe Single Index Model, Arbitrage Pricing Theory. Portfolio Building Process, Tools used by Value Investors, Portfolio Performance Evaluation- Sharpe's and Treynor's Portfolio Performance Evaluation, Portfolio Revision Active and Passive Strategies & Formula Plans in Portfolio Revision.