Description:

This book offers a comprehensive yet accessible exploration of investment management, portfolio theory, and risk-return dynamics, combining fundamental, technical, and advanced concepts of investment and security analysis. It integrates modern approaches to help readers navigate complex financial market environments while strengthening their decision-making capabilities. Designed for both academic and practical use, the book emphasizes investment decisions, portfolio construction, performance evaluation, and risk management.

The text begins with core concepts of investment management, clearly distinguishing investment from speculation and gambling, and outlining the investment process and decision-making approaches. It further examines risk and return, including systematic and unsystematic risk, along with various measurement techniques for securities and portfolios. The book also provides a detailed understanding of bond and equity valuation.

A significant portion is devoted to investment and security analysis, covering both fundamental and technical methods, along with insights into economic, industry, and company-level analysis, and the Efficient Market Hypothesis. It also introduces key portfolio models such as Markowitz Portfolio Theory (MPT), Capital Asset Pricing Model (CAPM), Arbitrage Pricing Theory (APT), and Sharpe's Single Index Model.

Besides, the book discusses portfolio evaluation using Sharpe, Treynor, and Jensen's measures, along with strategies for portfolio revision. It concludes with recent developments in the Indian stock market, offering practical insights into its structure and challenges. Blending theory with real-world applications, this book is a valuable resource for students, professionals, and aspiring investors.

KEY FEATURES

• Comprehensive coverage of investment management, risk-return analysis, and portfolio theory.

• Integration of fundamental, technical, and advanced security analysis approaches.

• Detailed explanation of key portfolio models such as MPT, CAPM, APT, and Sharpe's Model.

• Practical orientation with real-world case illustrations for better understanding.

• Focus on portfolio evaluation techniques and recent developments in the Indian stock market.

TARGET AUDIENCE

• MBA/BBA

• B.Com/M.Com