School: SSBS Batch : 2023-2025

Programme: Current Academic Year: 2024-2025

M.Com
Branch: Term: 03
1 Course MCN204
Code
2 Course Security Analysis and Portfolio Management
Title
3 Credits 5
4 Contact 5-0-0
Hours
(L-T-P)
Course Compulsory
Status
5 Course 1. To acquaint the students with theoretical and practical background of financial
Objective investments.
2. To highlight the importance of valuing financial securities
3. To comprehend the working knowledge of the methods of calculating risk and
managing it.
4. To adept in developing portfolio of Financial securities and measuring its
performance.
6 Course On completion of this module the student will be able to:
Outcomes CO1. Describe the basic concept of investment, securities, security market, risk
and return.
CO2. Analyse the security’s performance through Fundamental and Technical
analysis
CO3: Apply security analysis techniques to select financial securities for
investment.
CO4: Construct portfolio of financial investments for investors.
CO5: Appraise and review portfolio performance.
CO6:Enable the students to assess & guide on various secured portfolios.
7 Course Security Analysis and Portfolio Management concerns itself with investment in
Descriptio financial assets with specific attention to the returns and risk associated with
n investing in securities. The subject is aimed at providing insight to the various
analytical techniques used in evaluation of the various investment opportunities.
The course also provides of extension of these concepts to the portfolio of
securities and the concept of diversification, management of a portfolio.
8 Outline syllabus
8.01 Unit A Introduction to Security Analysis and Portfolio Management
8.02 Unit A Investment: A conceptual framework, Objectives,
Topic 1 Investment V/S Speculation, Investment Attributes and 1-17 CO1
Avenues, Meaning of Security- Types of Securities
8.03 Unit A Structure of Indian Security markets- An overview, 21-37 CO1
Topic 2 Investment Alternatives, Securities and Exchange Board of
India – regulatory functions and role, Recent development
in Securities markets
8.04 Unit A Understanding the risk and return of a security, Systematic 139- CO1 CO2
Topic 3 and Unsystematic Risks, Measurement of Risk, Beta 160
Coefficient and its applications.
8.05 Unit B Valuation of Securities and introduction to Financial
Derivatives
8.06 Unit B Valuation of Equity Shares: Constant growth rate, Two 189- CO2
Topic 1 stage growth model and Multiple period holding models, 200
Valuation through P/E ratio.
8.07 Unit B Valuations of Bonds: Measurement of bond prices and 162- CO2
Topic 2 yields - Yield to maturity, risk in bonds. 186
8.08 Unit B An overview of Financial Derivatives – Forward, Futures, 295- CO1
Topic 3 Options and Swaps 310
8.09 Unit C Fundamental and Technical Analysis
8.10 Unit C Introduction to Fundamental Analysis: E-I-C Framework – 215- CO1, CO2
Topic 1 Economic Analysis: Macroeconomic activities and security 253
markets, The Cyclical Indicator Approach, Monetary
Variables.
8.11 Unit C Fundamental Analysis: E-I-C Framework – Industry 215- Co1, CO2
Topic 2 Analysis – Business Cycles and industry sectors, 253
Evaluating Industry life cycle, analysis of industry
competition and industry rate of returns
Company Analysis, SWOT Analysis, Analysis of Financial
Statement and Stock Valuation
8.12 Unit C Fundamental v/s Technical Analysis, Advantages, 257- CO1, CO2
Topic 3 Challenges, Tools and Techniques of Technical Analysis: 293
Charting Techniques, Dow Theory, technical indicators,
Efficient Market Hypothesis: Concept of ‘Efficient Market’
and its implications for security analysis and portfolio
management
8.13 Unit D Portfolio Analysis and Selection
8.14 Unit D Portfolio Construction: Analysis of Constraints, 319- CO3, CO4
Topic 1 Determination of Objectives 327
8.15 Unit D Portfolio Analysis: Portfolio Risk and Return upto three 329- CO1, CO3,
Topic 2 security. Markowitz and Sharpe index model. 354 CO4,
8.16 Unit D Portfolio Analysis: Sharpe index model and selecting 355- CO3, CO4
Topic 3 optimal Portfolio 364
8.17 Unit E Asset Pricing Theories and Portfolio Performance
Measurement
8.18 Unit E Capital Market Theory, Capital Asset Pricing 379- CO3,
Topic 1 Model(CAPM), Arbitrage Pricing Theory (APT) 408 CO4CO6
8.19 Unit E Sharpe’s Performance measure, Treynor’s Performance 411- CO4,
Topic 2 measure, Jensen’s Performance measure. 419 CO5,CO6
8.20 Unit E Mutual Fund Operations, Mutual Funds Performance 411- CO1, CO4,
Topic 3 Evaluation 419 CO5,CO6
Portfolio revision and strategies
Mode of Theory/Jury/Practical/Viva
examination
Weightage CA MTE ETE
Distribution 25% 75%
Text book/s* Security Analysis and Portfolio Management,
Punithavathy Pandian, Vikas publications, Reprint 2018
 Reference Books

1. Security Analysis and Portfolio Management – Donald E. Fischer & Ronald J. Jordan
(Prentice Hall of India, New Delhi)
2. Investment Analysis and Portfolio Management – M. Ranganathan & R
Madhumathi (Peason Education)
3. Investments (6th edition) by W.F. Sharpe, G.J. Alexander and J.V. Bailey.
4. Investment Management – V.A.AVADHANE (Himalaya Publishing House)
5. Investment Management – V.K. Bhalla (S. Chand)
6. Gitman and Joehnk (2008) Fundamental of Investments. Pearson.
7. Investment Analysis and Portfolio Management –R.P. Rustagi (Sultan Chand & Sons,
New Delhi)
8. Investment Analysis and Portfolio Management, Reilly and Brown (2006), (Thomson)
9. Bodie, Zvi (2008) Investments. McGraw'Hill/Irwin

Course Articulation Matrix

POs PO1 PO2 PO3 PO4 PO5 PO6 PSO1 PSO2 PSO3
COs
CO1 2 2 2 1 1 1 2 1 -
CO2 2 2 2 2 2 1 2 1 2
CO3 2 2 2 1 2 1 2 2 1
CO4 2 2 2 1 1 1 2 2 2
CO5 2 2 2 - 1 1 2 2 1
CO6 2 1 1 2 1 2 1 2 1

Average 2 1 1 1 2 2 2 2 1

1 - Slight (Low) 2-Moderate (Medium) 3-Substantial (High)