2472: PORTFOLIO MANAGEMENT

First Semester
Chapter

Lecture
1.
2.
3.

1 .Introduction

4.
1.
2.
3.

2. Investment:

4.
5.

6.
1.
2.

3. Risk:

3.
4.
5.
1.
2.
3.

4.
Fundamental
Analysis:

4.
5.
6.
7.
8.
9.

5. Industry
and Company
Analysis:

1.
2.
3.
4.
5.
6.
7.
8.

What is portfolio Management;

Phases of Portfolio Management:
Securities Market; Security Analysis; Portfolio
Analysis; Portfolio Selection; Portfolio Evolution;
Portfolio Revision; Evolution of Portfolio
Management;
Role of Portfolio Management
Meaning of Investment;
Financial and Economic Meaning of Investment;
Characteristics of Investment;
Objectives of Investment;
Investment Vs Speculation; Investment Vs
Gambling;
Types of Investors; Investment Avenues.
Meaning of Risk;
Elements of Risk;
Systematic Risk; Unsystematic Risk;
Measurement of Risk;
Measurement of Systematic Risk.
Economy Analysis:
Meaning of Fundamental Analysis;
Economy-Industry Company Analysis
Framework;
Economy Analysis;
Economic Forecasting;
Forecasting Techniques: Anticipatory Surveys;
Barometric Approach;
Econometric Model Building;
Opportunistic Model Building.
Industry Analysis:
Concept of Industry;
Industry Life Cycle;
Industry Characteristics;
Company Analysis:
Financial Statements;
Analysis of Financial Statements;
Other Variables;
1

Lecture no.

05

05

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9.

Assessment of Risk.

Second Semester
1.
2.

6. Technical
Analysis:

3.
4.
5.
6.
7.

7. Efficient
Market
Theory:

1.
2.
3.
4.
5.
1.
2.
3.
4.

8. Portfolio
Analysis:

5.
6.
7.
8.

9. Portfolio
Selection:

10.Evaluation
of portfolio
performance

1.
2.
3.
4.
1.
2.
3.
4.
5.
6.

Meaning of Technical Analysis;

Basic Principles of Technical Analysis;
Trends and Trend Reversals;
Chart Patterns;
Elliot Wave Theory;
Mathematical Indicators;
Market Indicators.
Random walk Theory;
The Efficient Market Hypothesis;
Forms of Market Efficiency;
EVH Vs Fundamentals and Technical Analysis;
Competitive Market Hypothesis.
Expected Return of a Portfolio;
Risk of a Portfolio;
Reduction
of
Portfolio
Risk
Through Diversification:
Security
Returns
Perfectly
Positively
Correlated;
Security
Returns
Perfectly
Negatively
Correlated;
Security Return Uncorrelated;
Portfolio With More than two Securities;
Risk Return Calculation of Portfolios with
more than two Securities.
Feasible set of Portfolios;
Selection of Optimal Portfolios;
Limitations of Markowitz Model;
Single Index Model; Multi- Index Model.
Need for Evaluation;
Evaluation Perspective;
Meaning of Portfolio Evaluation:
Measuring Portfolio Return;
Risk Adjusted Returns;
Differential
Return;
Decomposition
of
Performance.

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2443: Security Analysis & Portfolio Management

Allocation of chapters to class test and semester
First Semester
st

1 class test
2nd class test
1st semester final

1. Introduction Chapter (The investment setting )

2. Introduction to portfolio management
1. Efficient capital markets
2. Introduction to security valuation
1. Introduction Chapter (The investment setting )
2. Introduction to security valuation
3. Efficient capital markets
4. Introduction of asset pricing models
5. Introduction to portfolio management
Second Semester

1 class test

1. Stock market analysis

2.Industry analysis

2nd class test

1.Company analysis & stock selection

2.Evaluation of portfolio performance
Whole syllabus

st

2nd Semester Final