AKTU Investment & Portfolio Management (BMBAFM01) Syllabus PDF – MBA (Business Analytics) 3rd Semester
Investment & Portfolio Management BMBAFM01
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Syllabus — Investment & Portfolio Management
Download PDFBMBAFM01 · 3 credits · L-T-P 3-0-0
Course Objective: This course will emphasize an understanding of the economic forces that influence the pricing of financial assets with an objective to
- Understand the fundamental concepts of investment theory and their application in portfolio selection and management.
- Apply appropriate financial models and formulae to solve business problems related to active portfolio management.
- Analyze securities using various tools and techniques to assess risk-return trade-offs and investment performance.
- Evaluate different investment avenues and portfolio strategies to enhance returns and manage risks effectively.
- Develop the ability to construct and manage efficient portfolios by integrating theoretical knowledge with practical insights.
Unit I Investments (10 hrs)
Overview of Capital Market: Market of securities, Stock Exchange and New Issue Markets - their nature, structure, functioning and limitations; Trading of securities: equity and debentures/ bonds.
Securities trading - Types of orders, margin trading, clearing and settlement procedures. Regularity systems for equity markets, Type of investors, Aim & Approaches of Security analysis.
Unit II Portfolio Theory (8 Hrs)
Risk & Return: Concept of Risk, Component & Measurement of risk, covariance, correlation risk.
Fundamental coefficient, Measurement of systematic Analysis: Economic, Industry, Company Analysis, Portfolio risk and return, Beta as a measure of risk, calculation of beta, Selection of Portfolio:
Markowitz’s Theory, Single Index Model, Case Studies.
Unit III Capital Market & Asset Pricing (6 Hrs)
Technical Analysis: DOW Theory, Support and Resistance level, Type of charts & its interpretations, Trend line, Gap Wave Theory, Relative strength analysis , Technical Versus Fundamental analysis.
Nature of Stock Markets: EMH (Efficient Market Hypothesis) and its implications for investment decision. Capital market theorem, CAPM (Capital Asset Pricing Model) and Arbitrage Pricing Theory. Case Studies.
Unit IV Bond, Equity and Derivative Analysis (8 Hrs)
Valuation of Equity Discounted Cash-flow techniques: Balance sheet valuation, Dividend discount models, Intrinsic value and market price, earnings multiplier approach, P/E ratio, Price/Book value, Price/sales ratio, Economic value added (EVA). Valuation of Debentures/Bonds : nature of bonds, valuation, Bond theorem, Term structure of interest rates. Meaning, features, and types of derivatives, Role and significance of derivatives in financial markets, Participants in derivative markets: hedgers, speculators, and arbitrageurs, Regulatory framework of derivative markets
Unit V Active Portfolio Management (8Hrs)
Portfolio Management and Performance Evaluation: Performance Evaluation of existing portfolio, Sharpe, Treynor and Jensen measures; Finding alternatives and revision of portfolio; Portfolio Management and Mutual Fund Industry
Course Outcomes
| CO Code | Course Outcome | Bloom’s Level |
| CO1 | Understand the structure, functioning, and regulatory systems of capital markets and trading mechanisms. | K1, K2 |
| CO2 | Analyse risk and return, and apply portfolio theories such as Markowitz and the Single Index Model. | K3, K4 |
| CO3 | Evaluate technical and fundamental analysis tools and apply asset pricing models like CAPM and APT. | K4, K5 |
| CO4 | Apply valuation techniques for equity, bonds, and understand the role of derivatives in financial markets. | K3, K4 |
| CO5 | Assess portfolio performance using standard models and develop strategies for active portfolio management. | K4, K5 |
Suggested Readings
Text Books
- Ranganatham - Security Analysis and Portfolio Management (Pearson Education, 2nd Ed.)
- Chandra P - Investment Analysis and Portfolio Management (Tata McGraw Hill, 3rd Ed)
- Bhatt- Security Analysis and Portfolio Management (Wiley ,1st Ed)
- Pandian P - Security Analysis and Portfolio Management (Vikas, 1st Ed.)
- Bodie, Kane, Marcus &Mohanti - Investment and Indian Perspective (TMH, 10th Ed)
Reference Books
- William F. Sharpe, Gordon J.Alexander and Jeffery V.Bailey: Investments, (Prentice Hall, 6th Ed).
- Donald E. Fischer and Ronald J.Jordan: Security Analysis and Portfolio Management, (Pearson Education, 6th Ed)
- Charles P. Jones, Investments Analysis and Management, (John Wiley & Sons, 13 Ed)..
- Edwin J. Elton, Martin J. Gruber: Modern Portfolio Theory and Investment Analysis, 9/e, John Wiley & Sons, 2001.
- Sidney Cottle, Roger F. Murray, Frank E. Block, Graham and Dodd: Security Analysis, 5/e, Tata McGraw-Hill, New Delhi, 2002.
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