1.
PROGRAMME
:
Bachelor of Commerce (Accounting & Finance)
2.
PRESENTED TO
:
Senate
3.
PRESENTED BY
:
Department of Commerce
4.
SUBJECT
:
Accounting and Finance
5.
YEAR / LEVEL OF STUDY
:
Year 4 /Semester 1
6.
MODULE TITLE
:
Investment Management
7.
COURSE CODE
:
551MG73
8.
DURATION
:
15 Weeks per Semester
9.
LECTURES HOURS PER WEEK
:
3
10. TUTORIAL HOURS PER WEEK
:
-
11. PRACTICAL HOURS PER WEEK
:
-
12. STUDENT INDEPENDENT
LEARNING HOURS PER WEEK
:
3
13. TOTAL MODULE CREDITS
:
9
14. PREREQUISITE MODULES
:
Financial Management; Management
Accounting; Cost Accounting; Business
Mathematics
15. COREQUISITE MODULES
:
Nil
16. DELIVERY METHODS
16.1 MODE OF DELIVERY
:
Face-to-face
16.2 TEACHING METHODS
:
Lectures, Seminars, Tutorials, etc.
16.3 ASSIGNMENT WEIGHTING
:
Assignment
Continuous Assessment
End Semester Examinations
20%
20%
60%
17. AIM(S) OF THE COURSE
:
The course aims to make the student understand the areas of security analysis and Portfolio
Management for making prudent investment decisions.
18. LEARNING OUTCOMES
:
At the end of the course students will be able to:
 Explain the basic concept of investment management
 Demonstrate skills related to analysis of securities
 Discuss the relevance of portfolio management in stock market.
 Implement various strategies in portfolio management
 Evaluate relevance of various categories of mutual funds in context
19. TOPIC OF STUDY
:
Unit I: Introduction Investment Management
Investment management: Nature and scope - Investment avenues - Types of financial assets and
real assets - Security return and risk - Systematic and unsystematic risk - Sources of risk Measurement of risk and return - Sources of investment information - Fixed income - Securities
– bonds - Preference shares - Sources of risk – Valuation - Duration of bonds - Theory of interest
rates - Yield curve - Bond innovations and their valuation.
Unit II: Securities Analysis
Analysis of variable income securities - Fundamental analysis - Analysis of economy - Industry
analysis - Company analysis - Financial and non – financial - Equity valuation models – Options
and futures – Forwards – Warrants and their valuations - Technical analysis - Dow’s theory Charts - Efficient market hypothesis and its implications - Tax aspects of investment - Securities
Trading procedure. A Critical Survey of software packages for security analysis.
Unit III: Portfolio Management
Meaning of portfolio management - Portfolio analysis - Why portfolios? Portfolio objectives
and Portfolio management process - Selection of securities. Portfolio theory - Markowitz Model
- Sharpe’s single index model. Efficient frontier with Lending and borrowing - Optimal portfolio
capital Asset pricing model - Arbitrage pricing theory two factor and multi factor models.
Unit IV: Portfolio Management Strategies
Bond Portfolio Management strategies - Equity portfolio management strategies - Strategies
using derivatives - Hedging. Portfolio revision - Rebalancing plans - Portfolio evaluation Sharpe’s index - Treynor’s measure and Jenson’s measure.
Unit V: Mutual Funds
Mutual funds - Investors life cycle - Personal investment - Personal Finance - Portfolio
Management of funds in banks - Insurance companies - Pension funds - International investing
- International funds management - Emerging opportunities. A brief survey of software packages
for Portfolio Management.
20. PRESCRIBED TEXTS / READINGS:
1. Dr. Avadhani, (2014), Investment Management. Himalaya Publications, Mumbai.
2. Jack Clark Francis, (2011), Investments Analysis and Management. Mc Graw Hill
International Edition, Singapore.
3. R.M. Srivatsava, (2010), Management of Indian Financial Institution, Himalaya
Publishing House, Mumbai.
4. V.K. Bhalla, (2010), Investment Management. Sultan Chand & Sons, New Delhi.
5. Preethi Singh. (2015), Investment Management. Himalaya Publications, Mumbai.
21. RECOMMENDED TEXTS / READINGS:
1. Dr. Rustagi R.P, (2012), Investment Analysis and Portfolio Management, Sultan Chand
& Sons, New Delhi.
2. Pandian Punithavathy, (2019), Security Analysis and Portfolio Management, Vikas
Publishing House Pvt LTD, New Delhi.
3. Bhalla V.K, Investment Management, S. Chand & Company Ltd., New Delhi.
4. Kevin S, (2012), Securities Analysis and Portfolio Management, PHI Learning, New
Delhi.
5. Bodi, Kane, Markus, Mohanty, (2014) Investments, 8th edition, Tata McGraw Hill,
New Delhi
This Course / Module Specification was approved by Senate on