Syllabus
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Course Code: FM-404 Course Name: Specialisation-A: FINANCE - Portfolio Management |
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| MODULE NO / UNIT | COURSE SYLLABUS CONTENTS OF MODULE | NOTES |
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| 1 | Portfolio analysis and valuation principles – meaning, objectives and diverse aspects of investment portfolio construction, portfolio analysis and evaluation, measurement of portfolio risk and return, diversification: the essence of portfolio risk mitigation and management. Markowitz portfolio theory: mean-variance criterion, portfolio constructions and portfolio selection, Portfolio optimization: Sharpe Single index model and Modern Portfolio theory. Asset pricing models: Capital market theory: security market line (SML) and Capital market line (CML), Capital asset pricing model (CAPM); Arbitrage pricing theory (APT), Multifactor models and risk estimation. Valuation principles and practices: Financial statement based theoretical framework of valuation, market price based valuation, enterprise value premia, and valuation of unquoted, unlisted and alternative investments. Portfolio performance evaluation and management – SEBI guidelines on portfolio management and asset management companies. Portfolio performance evaluation: performance measurement techniques, risk adjusted measures of performance evaluation, evaluation criteria and procedures. Portfolio revision. |
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