Investment Management: Securities and Portfolio Management

Preface......Page 8
Contents......Page 10
Introduction......Page 14
Characteristics of Investment......Page 15
Need and Importance of Investments......Page 18
Investment Activity......Page 20
Classification of Investment......Page 21
Modes of Investment......Page 22
Investment for Consumption and Business......Page 24
Factors Influencing Investment......Page 25
Forms of Business Organisation......Page 27
The Investment Process/Stages......Page 28
Sources of Investment Risk......Page 30
Speculation......Page 32
Gambling......Page 34
Investor......Page 35
Questions for Discussions......Page 40
References......Page 41
Interest......Page 44
Simple Interest......Page 45
Compound Interest......Page 48
Annuities......Page 50
Concept and Types of Yield or Return......Page 52
Time Value of Money......Page 55
Importance of Time Value of Money......Page 56
Techniques of Discounting......Page 57
References
......Page 59
Introduction......Page 60
Non-Marketable Financial Assets......Page 61
Equity Shares......Page 62
Preference Shares......Page 66
Debentures......Page 68
Fixed Deposits Companies......Page 70
Government or Gilt Edged Securities......Page 74
Dematerialisation of Gilted Securities......Page 78
Post Office Savings Deposits
......Page 84
Questions for Discussions......Page 87
Provident Fund......Page 88
Unit Trust of India......Page 90
Money Market Instrument......Page 92
Treasury Bills......Page 93
Commercial Paper......Page 94
Precious Objects......Page 96
Life Insurance Corporation......Page 98
Real Estate......Page 101
Mutual Funds......Page 104
Questions for Discussions......Page 110
References......Page 111
Introduction......Page 114
Service of Stock Exchange......Page 117
Byelaws......Page 120
Listing of Securities......Page 121
Trading in Securities......Page 122
Stock Broker......Page 124
Registration of Sub-Brokers......Page 126
Badla Transaction/Carry Over......Page 129
Speculative Transactions......Page 130
National Stock Exchange of India......Page 132
Securities and Exchange Board of India......Page 134
Over the Counter Exchange of India (OTCEI)......Page 135
Questions for Discussion......Page 139
References......Page 140
Introduction......Page 142
Procedure and Criteria for Investment Decisions
......Page 143
Risk Under Investment Management......Page 144
Fundamental Analysis Investment Management......Page 147
Economic Forecasting Techniques......Page 150
Industry Analysis......Page 151
Industry Life Cycle......Page 154
Sources of Information for Analysis......Page 157
Company Analysis......Page 160
Financial Statement Analysis......Page 161
Financial Ratios......Page 167
Cost Benefits Analysis......Page 173
Classification of Risks......Page 174
Chit Funds and Nidhis Management......Page 176
Questions For Discussions......Page 177
References......Page 178
Introduction......Page 180
Industrial Securities Market......Page 182
New Issue Market Functions
......Page 183
Methods of Floating New Issues......Page 186
Players in the New Issue Market......Page 188
Valuation of Securities......Page 193
Questions for Discussion......Page 202
References......Page 203
Introduction......Page 204
Relationship Between Risk and Return......Page 205
Markowitz Portfolio Selection Model/Theory......Page 207
Capital Asset Pricing Model......Page 210
Sharpe Ratio......Page 212
Portfolio Investment Process......Page 213
Questions for Discussion......Page 219
References......Page 220
Introduction......Page 222
Traditional Explanation of Inflation......Page 223
Inflationary Tendencies......Page 225
Causes of Inflation
......Page 226
Effects of Inflation......Page 227
Questions for Discussions......Page 234
References......Page 235