Course No.: 404 SECURITY ANALYSIS AND
PORTFOLIO MANAGEMENT
(SAPM XVI)
Marks: 80 Hours: 40
Objective:
The objective of this course is to acquaint the students with the basics of
Security
analysis and portfolio management. Course Contents:
UNIT-I:
Investments: Meaning, process, and alternatives; Valuation of fixed, variable
and convertible securities; Measurement of risk and return; Systematic and unsystematic
risk; Sources and measurement; Fundamentals and technical analysis. Market
Efficiency in various forms. 20
: 10 hrs
UNIT-II:
Portfolio Analysis & Management: Traditional portfolio analysis; Effects of
combining securities; Diversification; Markowitz model; location of the
efficiency frontier. 20 :10
hrs
UNIT-III:
Capital asset Pricing: Capital Asset pricing model – assumptions, capital
market line, security market line, market model; Arbitrage pricing theory and
factor models – factor models and return generating process, one and two factor
model. 20: 10 hrs
UNIT-IV:
Portfolio Performance, Measurement, & Evaluation: Measurement of portfolio
performance –Risk and return; Risk adjustment and performance measures –
Sharpe, Treynor, and Jensin models; Components of portfolio investment
performance –Stock selection and market timing. 20 : 10 hrs
Text
and Reference Books :
1.
Fischer: Security Analysis and Portfolio Management, Pearson, New Delhi.
2.
Ranganathan: Security Analysis and Portfolio Management, Pearson, New Delhi.
3.
Van Horne J.C: Fundamentals of Financial Management; Prentice Hall of India,
New Delhi.
4.
Prasanna Chandra: Financial Management Theory and Practice; Tata McGraw Hill,
New Delhi.
5.
Pandey I.M.: Financial Management: Vikas Publishing House, New Delhi.
6.
Bhalla V.K.: Modern Working Capital Management, Anmol Pub, Delhi.