COURSE OUTLINE

1. Name of the Course: Security Analysis and Portfolio Management

2. Code of the Course: FM 203
3. Description of the Course: MBA-2nd Year/ Semester-I/ 50 hours (1 Session= 70 Min.)
4. Objective of the Course: To help students improve decision-making skills in management of
financial assets through a better understanding of modern theories on portfolio management
and functioning of capital market.
5. Course conducts details:

Sr. No. Topic/Module No. of Chapter No./Book

Sessions
(Tentative)
1 Unit 1: 2 Ch. 1 / B1
Introduction: Investment meaning,
nature and scope, Decision Process
2 Investment Environment, 4 Ch. 1,3 / B1
Measurement of Risk & Return: Ch. 1 / R1
Systematic Risk; Market Risk,
Interest-Rate Risk, Purchasing-
Power (Inflation) Risk
Unsystematic Risk; Business Risk,
Financial (Default Risk),
Other Risks
3 Valuation of Security and Notion 3 Ch. 3 / R2
of dominance Ch. 14,18 / R1
4 Unit 2: 7 Ch. 4,5,6,7,8 / B1
Fundamental Analysis:
Economy, Industry and Company
Analysis
5 Technical Analysis: 3 Ch. 15,16 / B1
Dow Jones Theory, Efficient
Market Hypothesis etc…
6 Unit 3: 4 Ch. 3,17 / B1
Concept of Beta and its Ch. 4,5,6/ R2
classification, Beta-geared,
Ungeared Beta, Project Beta,
Portfolio Beta, Security Market
Line (SML), Capital Market Line
(CML)
7 Unit 4: 8 Ch. 17,18,19 / B1
Techniques of Risk Measurements Ch. 9 / R1
and their Application and Portfolio
Evaluation:
Portfolio Analysis, Selection and
Theories; Markowitz Model,
CAPM
8 Portfolio Revision and 7 Ch. 20 / B1
Reconstruction with Performance Ch. 24,26,27 / R1
Evaluation of Managed Portfolios;
Sharp Ratio, Treynor Ratio and
Jensen’s Alpha
Note: Cases are as per recent trend of market will decide later, based on time constrain at the end
of each module.
6. Text Book:
a. Fischer and Jordan, Security Analysis and Portfolio Management, Prentice Hall, 6th
edition, 1996 (B1)
7. Reference Books:
a. Zvi Bodie, Alex Kane, Alan J. Marcus and Pitabas Mohanty, Investments, 6th edition,
Tata McGraw Hill (R1)
b. I. M. Pandey, Financial Management, 9th edition, Vikas Publication (R2)
c. Investment Management; Security Analysis and Portfolio Management. Bhalla, V.K.
(9th ed., 2003), S. Chand & Co. Ltd. (R3)
d. Investment Analysis and Portfolio Management, Chandra Prasanna (2002), Tata
McGraw Hill, New Delhi (R4)
e. Security Analysis and Portfolio Management, Punithavathy, Pandian (2003), Vikas
Publishing House (R5)
f. Security Analysis and Portfolio Management Avdhani, V.A. (6th ed., 2003), Himalaya
Publishing House (R6)
8. Important Web links: www.nseindia.com , www.bseindia.com , www.sebi.gov.in ,
www.nsdl.co.in , www.nyse.com , www.money.cnn.com
9. Newspaper/Journals/Magazines:
a. Any financial news paper (ET or Business Standards are preferable)
b. Indian Securities Market, A Review
c. NSE Newsletter
d. NSE Factbook
e. Mutual Funds Factbook
10. Evaluation Pattern (Tentative):
a. University Exam: 40%
b. Mid Semester Exam: 30%
c. Quiz: 10%
d. Project Work: 5%
e. Presentations: 5%
f. Class Participation: 5%
g. Assignments: 5%
11. Expected Number of hours to be spent by students outside the class for the course:
a. 6 Hours/week
12. Any other relevant information/suggestion:
a. Student should have registered their self at NSE for the module of Capital Markets
(Dealers) and AMFI (Advisor), which are easy to pass with this subject adding value to
their career.
b. If student are interested in financial service sector, they also should think for clearing
Commodity Market, Debt Market, NSDL, Derivatives Market (Dealers) and Options
Trading Strategies modules of NSE.
c. Student interested in international finance should think for Currency Derivatives
Certification Examination of NSE