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S. K. School of Business Management

Hemchandracharya North Gujarat University, Patan.

Semester-III (Batch: 2012-2014) Sub: Security Analysis and Portfolio Management (SAPM)
SUBJECT CODE: SAPM - FM 203

___________________________________________________________________________________ _ Faculty: Mr. DA S!A" PA#$% and Ms. &'(#) *!A"+!)

(b,ecti-e:
he !ur!ose of this course is to ena"le stu#ents to im!ro$e #ecision-ma%ing s%ills in management of financial assets through a "etter un#erstan#ing of &un#amental anal'sis( echnical anal'sis an# !ortfolio theories. It stri$es to familiari)e the stu#ents *ith +a!ital Mar%ets( ,aluation echni-ues for Securities an# anal'sis of .is% an# .eturn im!lications of $arious in$estment #ecisions. his course is inten#e# to anal')e the fi/e# income securities mar%ets an# its im!lications for in$estments. It *ill anal')e the mar%et characteristics( instruments( selling techni-ues( !ricing an# $aluation( ris% an# return( !ortfolio mgmt( cor!orate #e"t( In#ian #e"t mar%ets( etc.

+ontents: Dars.an Patel: In$estment me#ia0 .is% an# .eturn im!lications of $arious in$estment #ecisions0
Bon# $aluation0 1uration an# immuni)ation0 2-uit' $aluation mo#els0 3nal'sis of econom'( in#ustr' an# com!an'0 echnical anal'sis &yoti *.anc.i: +3PM( Mo#ern !ortfolio theor' (Measuring ris% an# return( efficient frontier)0 2fficient +a!ital Mar%et an# 2m!irical 2$i#ence0 Portfolio selection0 Portfolio !erformance e$aluation0 Intro#uction to financial #eri$ati$es an# their !ricing: 4!tion( for*ar# an# future contract: Binomial !ricing mo#el0 Blac%- scholes mo#el 0 S*a!s0 2/otics0 Interest rate #eri$ati$es0 +ontem!orar' issues in issues in securit' anal'sis an# !ortfolio management.

/asic #e0t /oo1:

1. &ischer 5 6or#an( Security Analysis and Portfolio Management( 7th 2#ition( Prentice-8all of In#ia !u"lication( 9e* 1elhi. 2. Su#hin#ra Bhat( Security Analysis and Portfolio Management, 1st 2#ition( 3nurag :ain for 2/cel "oo%s( 9e* 1elhi ;. Bo#ie( Kane( Marcus( Mohant'( In$estment( <th 2#ition( ata Mc=ra*- 8ill In#ia( 9e* 1elhi.

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eference /oo1s:
.ef >1: .ef>2 : .ef > ;: .ef >4: .ef > A: .ef > 7: .ef >C: .ef ><: 3le/an#er( Shar!e an# Baile'( Investments( ;r# 2#ition( Pearson e#ucation Inc. 2#*in 6. 2lton an# Martin 6. =ru"er( Modern Portfolio theory and investment Analysis( 4th 2#ition( 6ohn ?ile' 5 Sons Inc. S.Ke$in( Portfolio Management( Prentice-8all of In#ia P$t. @t#.( 9e* 1elhi. .o"ert 3. 8augen( Modern Investment Theory( Ath 2#ition( Prentice- 8all In#ia( 9e* 1elhi. 6ac% +lar% &rancis 5 .ichar# ?. a'lor( Investments, 2n# 2#ition( Mc=ra* B 8ill international e#ition. B' Barua( .agunathan an# ,erma( Portfolio Management( ata Mc=ra*- 8ill In#ia( 9e* 1elhi. +han#ra P.( Investment Analysis and Portfolio Management, ata Mc=ra*- 8ill In#ia( 9e* 1elhi. &ischer 5 6or#an( Security Analysis and Portfolio Management( 7th 2#ition( Prentice8all of In#ia !u"lication( 9e* 1elhi.

eference 3eb Sites: www.investopedia.com, www.bseindia.com, www.nse.com, www. yahoo finance. Com, www.google.com/finance, www.moneycontrol.com, "e4s5a5ers and Maga6ines: Business stan#ar#( 2conomic imes( imes of In#ia( he In$estors( .BI Bulletin( +MI2 .e!ort( etc.

Evaluation Scheme: University Exam: Internal Exam: Quizzes: Project: tten!ance: 40% 30% 15% 10% 05%

Pedagogy:
he !e#agog' of S3PM essentiall' in$ol$es classroom teaching( #iscussion of case stu#ies an# ne*s!a!er to!ics( !resentation etc. Presentation *oul# inclu#e sho* of !o*er !oint sli#es( $i#eos( !hotos( li$e stoc% e/change etc. +ase stu#ies *oul# "e !ro$i#e# to sol$e it in a grou!. =rou! of stu#ents *oul# ha$e to anal')e the case an# !resent the same in class.

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Se
Sr. "o. 1. 2. ;. 4. A. 7. C. <. D. 10. 11. 12. 1;. 14. 1A. 17. 1C. 1<.

ion Plan
"o. (f Sessions 2 2 1 4 2 2 4 4 1 4 ; ; 4 2 2 2 2 2

#o5ics 4$er$ie*: 3 Broa# Ma! of the erritor' In$estment 3lternati$es: +hoice =alore Securities Mar%et: he Battlefiel# .is% 5 .eturn: he =oo# an# he Ba# he ime ,alue 4f Mone': he Magic of +om!oun#ing &inancial Statement 3nal'sis: he Information Ma)e Portfolio heor': he Benefits 4f 1i$ersification +a!ital 3ssets Pricing an# 3r"itrage Pricing heor': he .is% .e*ar# .elationshi! 2fficient Mar%et 8'!othesis: he +ollecti$e ?is#om 3nal'sis an# ,aluation of 1e"t: &iguring out the 3ssure# .eturns 2-uit' ,aluation: 8o* to fin# Eour Bearings &un#amental 3nal'sis: 2sta"lishing he ,alue Benchmar% echnical 3nal'sis: he ,isual +lue (8istor' .e!eats It Self) 4!tions: he F!si#e ?ithout he 1o*nsi#e &utures: ?here the 8e#gers an# s!eculators meet. Portfolio Management &rame*or%: he =ran# 1esign =ui#elines &or In$estment 1ecisions: ?hat it all +omes to Strategies 4f the =reat Masters: he imeless ?is#om.