FM-303- SECURITY ANALYSIS & PORTFOLIO MANAGEMENT |
|
1. Introduction: The Investment Environment, Financial Instruments, The Securities Trading – Market & Mechanism.
2. Security Analysis: Macroeconomic and Industry analysis, equity Valuation Models, Company analysis, Brief
Overview of Technical Analysis (Charts, Line Charts, Line & Volume, Charts, Point & Figure Charts, Bar Chart,
Candlestick Chart, Various Patterns, Dow Theory & Elliot wave Theory)
3. Portfolio Theory : Concepts of Risk & Return, Diversification of Risk, Optimum Portfolio Selection
Problem - Markowitz Portfolio Theory - Mean Variance Criteria (MVC) - MVC and Portfolio Selection -
Portfolio Selection.
4. Equilibrium in Capital Markets : The Capital Asset Pricing Model, Index Models, Arbitrage Pricing Theory and
Multifactor Models of Risk and Return, Market Efficiency and Behavioral Finance, Empirical Evidence on Security
Returns
5. Bond Portfolio Management : Bond Prices and Yields, the Term structure of Interest Rates, Managing Bond
Portfolios.
6. Active Portfolio Management: Portfolio Performance Evaluation, International Diversification, The Process of
Portfolio Management, The Theory of Active Portfolio Management
|
Text: |
• Bodie, Kane, Marcus,; Mohanty : Investments, Tata McGraw-Hill
• Chandra: Investment Analysis and Portfolio Management, Tata McGraw-Hill
• Fischer & Jordan: Security Analysis & Portfolio Management, Pearson Education/PHI
• Sharpe, Alexander, Bailey: Fundamentals of Investment, Pearson Education/PHI
• Ranganatham & Madhumati: Investment analysis & Portfolio Management, Pearson education
• Rielley & Brown: Investment analysis & Portfolio management, Thomson Learning
|
Reference: |
• Elton, Grubber: Modern Portfolio Theory, Wiley
• Haugen: Modern Investment Theory, Pearson Education
• Hirschey & Nofsinger: Investments, Tata McGraw-Hill
• Luenberger: Investment Science, OUP
• Sharpe: portfolio Theory & Capital Markets, McGraw-Hill Intl.
|
|