Investment Analysis & Portfolio Management

Course Code: FIN 411

Credit Hour: 3

Course Group: Specialization Courses: Finance

---

Introduction and Scope of The Subject: Economic Meaning and Significance of Savings, Investments, Speculation, Gambling and Arbitrage Mechanisms; Comparison Between Investment and Speculation and Its Significance in The Financial System; Various Investment Means Available in India, Characteristic Features of Financial Instruments- Risk, Return, Security, Maturity and Optional Features. Finance vs. Investments- Interactive Decision Elements.

Capital Market & Securities Market: Types, Margin Buying, Short Selling, Index Construction, Index Vs. Average, Price and Value Weighted Indexes; Statistical Concepts; – Primary Market – Stock Market – Procedures for Buying and Selling Shares – Tax Consideration in Investment Management – SEBI Guidelines on Primary and Secondary Market – Recent Trends in Security Market.

Expected Returns and Risk: Measuring Returns and Risks of Individual Securities and Portfolio; Bonds and Its Valuation; Stock Valuation; Investment Analysis - Financial Statement Analysis – Ratios – Fixed Income Avenues Analysis – Time value of money – Credit Rating – Economic – Company – Industry analysis. Analysis of Economy; Industry Analysis; Company Analysis; Technical Analysis.

Stock Exchanges: Role and Importance Trading in Securities, Badla Transactions and Brokers and Jobbers; Impact of Certain Economic Indicators on The Stock Market; Role of SEBI in Brief. Grievance Consignee Stock Exchanging Dealing and Their Removal, Grievances Sales in Stock Exchange.

Investment opportunities: Company Shares, Debentures, Bonds, Convertible Securities, Hybrid Securities, Fixed Deposits, Gilt-Edged Securities, Post Office Schemes, Company and Public Provident Funds, Unit Trust of India, LIC, Real Estate and Insurance Schemes, Goals of Portfolio Management, Mutual Funds, Etfs, And Hedge Funds, Investment Styles.

Investment Decisions: Profile of Bangladeshi Investors and Factors Influencing Investment Decisions, Financial Positions, Tax Positions, Risk Perception and Attitude; Introduction to Systematic and Non-Systematic Risks; Mathematics Financial Evaluation, Discounting, Compounding, Annuities, Present Value and Yield Calculations.

Portfolio theory: Contribution of William Sharpe And Harry Markowitz, Mutual Funds and Other Investment Avenues; Features of Capital Markets and Functioning, New Issues Market, Valuation of Issues Fundamental and Technical Considerations- Role Of SEBI.

---

Text Book:

Fisher & Jordan, Investment management.

Reference Books:

Prasanna Chandra, ―Managing Investments”

Avadhani, “Security Analysis and Portfolio Management”

Bhalla, ―Security Analysis and portfolio management”

Puneethavathi & Pandian, ―Security analysis and Portfolio management”