Course Outcomes
Students of this course will be able to:
1. Comprehend fundamental concepts of investment avenues.
2. Evaluate risk and return in different investment avenues.
3. Apply Fundamental and Technical analysis in portfolio management.
4. Prepare and evaluate the performance of different investment plans for individual.
Syllabus Content
Unit-1
Introduction to the Investment Management
a) Investment: Introduction, Concept, Objectives, Investment vs. Saving, Investment v/s speculation, Features of good Investment
b) Avenues of Investment: Non-marketable Fixed Income Avenues- Bank Deposit, Fixed Deposit with companies, PPF scheme, PF, National Savings scheme, National Pension Scheme, National Savings Certificates and Ponzi schemes. Marketable Fixed Income Avenues- Preference Shares, FCD, NCD, Bonds, Govt. Floating Rate Savings Bonds, Gilt edged securities. Other Avenues- Equity Shares, Antiques and Art, Mutual Fund, Life Insurance, Real Estate, Sovereign Gold Bond Scheme, Sovereign Gold Bonds vs. Gold ETF ,Digital Currency-Crypto
c) Risk and Return: Meaning of Risk, Types of Risk, Systematic Risk and Unsystematic Risk, Measurement of systematic risk- Calculation of Risk and return, Expected Return of a portfolio, Calculation of portfolio Risk and return, risk-return trade off and precautions to minimize the risk.
d) Investment Management Process: Review of investment avenues, Specification of investment objectives, Formulation investment strategy, Selection of securities/assets, Performance Evaluation.
Unit-2
Portfolio Analysis for investment
a) Fundamental Analysis: Introduction, Economic Analysis, Industry Analysis and Company Analysis.
b) Technical Analysis: Introduction, Technical vs. Fundamental Analysis, The Indicators, Indices and moving averages applied in Technical Analysis.
c) Portfolio Analysis: Portfolio Selection, Feasible set of portfolio, efficient set of portfolio-The Efficient Frontier, Selection of optimal portfolio. Random Walk Theory-Assumptions of Random Walk Theory, Capital Asset Pricing Model(CAPM), Efficient Market Hypothesis
Unit-3
Debt and Mutual Fund as Avenues of Investment
a) Debt Instruments: Risk in Debt, Innovations in Debt Securities, Structure of
Interest Rates in India, Bank Fixed Deposits, Company Fixed Deposits,
Introduction to Bond-Features, Bond Valuation, Bond Duration, Bond Yields,
Current Yield, Yield to Maturity.
b) Mutual Funds: Concept, Advantages of MF, Management of MF, Role of
SEBI in MF, Types of Funds- Open-end vs. Close-end Funds, Mutual Fund
Types based on Nature of Investment, Investment Objective and Risk Profile.
Investment in MF- Investment in Units- Purchase and redemption of units, entry
and exit load.
Unit-4
Personal Investment Management at various life cycle stages
A) Investment Plans as per Life cycle Stages:
a) Young unmarried stage b) Young Married stage: i) Where both partners work
ii) If only one of the two partners earns in the family living c) Young Married
with Children Stage, d) Married with Older Children Stage e) Pre- retirement
Stage f) Retirement Stage.
B) Income tax Provisions pertaining to investment plan
- Teacher: Santosh Devekar
- Teacher: Pruthviraj Ghatage
- Teacher: Ketaki Kambale
- Teacher: Nagina Mali
- Teacher: Naziya Mullani
- Teacher: Priyanka Surve