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8/10/2019 Iapm Course Outline Updated
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Course Title Investment Analysis and Portfolio ManagementInstructor L. Ramprasath
Course credit 3
No. of sessions 15
Session Duration 120 minutes
Term V
Year PGP-II, 2014-15
1. IntroductionIn the past several decades, the field of investment analysis has evolved from a
descriptive process to a highly formalized and quantitative area of study. The rapidlychanging financial environment and the number of new instruments available have made
analysis a task which can only be carried out by persons who have been equipped withupdated skills. This course provides the basic framework that can be used for creating,
managing and evaluating portfolios. Topics include recognizing risk and returncharacteristics of investments, developing strategic asset allocations, utilizing options to
manage portfolio risk and evaluating portfolio and manager performance relative to
investment objectives and appropriate benchmarks.
2. Objectives and scopeBroadly, the course covers
Risk- return trade offs
Optimal portfolio selection
Asset Pricing Models
Market Efficiency and its implications
Design, Management and Evaluation of Portfolios of Securities
3. Reading Material
(a) Text Book: (BKM) Investments and Portfolio Management: 9th
Edition by Zvi Bodie,
Alex Kane and Alan J. Marcus (Paperback Global Edition)
(b) Other Reference Books:
1. Elton etal : Modern Portfolio Theory and Investment Analysis (2007): 7th
Edition:Wiley India
2. Peter L. Bernstein: Capital Ideas: The Improbable Origins of Modern Wall
Street(2005) John Wiley and Sons
INDIAN INSTITUTE OF MANAGEMENT KOZHIKODE
Post Graduate Pro ramme 2013-15
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8/10/2019 Iapm Course Outline Updated
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4. Evaluation Scheme
Components Weightage(%)
Quizzes/Class participation 15%
Mid Term Exam 35%
End Term Exam 50%
5. Session Plan
Tentative#
sessions Topic
ReadingsBKM Chapters
1 Roadmap; Risk versus Return 6
2
Portfolio Theory: Mean Variance analysis;
Efficient frontier; Effects of diversification 7
2
Asset Pricing Models: Capital Market Line
(CML) and the Security Market Line (SML);CAPM Extensions, Testing, Limitations;
Arbitrage Pricing Theory; Equilibrium models
and Portfolio management
8, 9, 10
2Efficient Market Hypothesis (EMH); Forms ofmarket efficiencies; Portfolio management vs
EMH; Challenges in testing EMH
11
2 Valuation Models: A review; Minimizing bias;Valuation and portfolio management
2Portfolio Management Tools: Use ofDerivatives; Modifying the risk return
characteristics of a portfolio
17, 18, 19
2
Portfolio Performance Management:
Challenges in measuring returns; Risk-adjusted
return measures; Manipulation-proof
performance measure
24
1 Active Portfolio Management 27
1 Some recent topics
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