programme

Security Analysis and Portfolio Management

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Course TypeCourse CodeNo. Of Credits
Foundation ElectiveSBP2MB5022

Semester and Year Offered: Second Year

Course Coordinator and Team: Kritika Mathur

Email of course coordinator: kritika[at]aud[dot]ac[dot]in

Pre-requisites:

Aim: The course introduces the participants to the securities market, techniques for quantifying risk and return and use of options, futures, and other investment assets.

Course Outcomes:

Upon successful completion, participants will have the knowledge and skills to:

  1. Identify, analyze and draw conclusions in selecting and presenting information about securities
  2. Describe the functions of financial markets and intermediary institutions
  3. Assess and evaluate common securities
  4. Implement and review security valuation
  5. Designing and managing the bond as well as Equity portfolios in the real word
  6. Develop an understanding of Corporate Tax Planning and Tax Evasion

Brief description of modules/ Main modules:

  1. Unit 1: Investment Avenues and Process- Money market and bond market; Equity market; Derivative securities; Economy, industry and company analysis
  2. Unit 2: Equity Pricing- Capital asset pricing model; Arbitrage pricing theory; Random walk and the efficient markets hypothesis; Contemporary pricing models; Equity valuation models
  3. Unit 3: Bond Pricing- Risk and risk premiums; Bond pricing models; Portfolio management
  4. Unit 4: Mutual Funds-Investment companies and mutual funds; Taxation of mutual funds; Investment performance of mutual funds
  5. Unit 5: Corporate Tax Planning and Management -Tax Planning, Tax Evasion and Tax Avoidance; Issues of Corporate Taxation in India

Assessment Details with weights:

  • Class Assignments: 30%
  • Mid semester 30%
  • End semester 40%

Reading List:

  • Bodie,Z., Kane, A., and Marcus, A. (2010). Investments (9th Edition), McGraw-Hill/Irwin.
  • Chandra, P. (2012). Investment Analysis and Portfolio Management (4th Edition), Mcgraw Hill Education.
  • Fischer, D.E. and Jordan, R.J. (1995). Security Analysis and Portfolio Management (6th Edition), Prentice Hall.
  • Dodd, D.L. and Graham, B. (2008). Security Analysis (6th Edition), McGraw-Hill Professional.
  • Singhania, V.K. and Singhania, M. (2016). Corporate Tax Planning & Business Tax Procedures with Case Studies (20th Edition),Taxmann Publisher.
  • Tan, R.S.K., Huszar, Z.R., and Zhang, W. (2016). Lyxor China Versus Lyxor MS India: Portfolio Risk and Return, Harvard Business Review. W16027.
  • Southam, C. (2009). Alex Sharpe's Portfolio, Ivey Publishing.Harvard Business Review. 908N20.
  • Billou, N. (2010). Jane Lennox. Ivey Publishing.Harvard Business Review.W98128.

ADDITIONAL REFERENCE:

  • Additional Readings and Cases for each session will be circulated prior to the commencement of the course.