Narmada College of Management, Bharuch, Gujarat, INDIA

OF&A 302- At MBA Full Time Semester -III

OF&A 502- At MBA Evening Semester - V

Portfolio Management

Objectives:

The objective of this course is to give the students an in-depth knowledge of the theory and practice of Portfolio Management.

Course Contents:

Introduction to Portfolio Management - An Optimum Portfolio Selection Problem, Markowitz Portfolio Theory, The Mean-Variance Criterion (MVC) - The Nature of Investment Risk, MVC and Portfolio Selection, The Investment in Liquid Assets, Portfolio to Two Risky Securities, A Three Security Portfolio , The Efficient Frintier - The relationship between the Unleveraged and Leveraged portfolio , Sharpe; Single Index Model; Application of Market Model in Portfolio Construction, Capital Asset Pricing Model; Characteristic Lines, Factor Model and Arbitrage Pricing Theory, Constructing Efficient Forntier, Optimum Portfolios - Constructing the Optimum Portfolio, Portfolio Investment Process; Bond Portfolio Management Strategies; Investment Timing and Portfolio Performance Evaluation; Corporate Portfolio Management in India, International Diversification.

Suggested Readings :

Alexander, Gordon J and Sharpe, William F. Fundamentals of Investments. Englewood Cliffs, Jew Jersey, Prentice Hall Inc. 1989.
Bhalla, V K. Investment Management : Security Analysis and Portfolio Management 8th ed. Delhi, S.Chand, 2001.
Portfolio Analysis and Management, Delhi, S.Chand, 2002.
Elton, Edwin J and Gruber, Martin J. Modern Portfolio Theory and Investment Analysis, New York, John Wiley, 1984.
Lee, Cheng F. etc. Security Analysis and Portfolio Management. Scott Foresman, 1990.
Markowiz, Harry M. Mean, Variance Analysis in Portfolio
choice and Capital Markets, London, Basic Blackwell, 1987.