Official Course Syllabus: Security Analysis and Portfolio Management
Official curriculum framework prescribed by the University of Calicut under the Four Year Undergraduate Programme (FYUGP) regulations for the Finance Elective stream. Includes course metadata, pre-requisites, Bloom's Taxonomy course outcomes (CO1–CO4), module-wise lecture hour allocations, open-ended practical lab projects, and approved university reference textbooks.
Pre-requisites: Understanding financial concepts such as time value of money, financial markets and instruments, and different types of securities.
Course Summary: This course provides a comprehensive understanding of investment principles, analytical techniques, and portfolio management strategies essential for making informed investment decisions.
Course Outcomes (CO) & Bloom's Taxonomy Mapping
Upon successful completion of COM5EJ302 (1), students will demonstrate cognitive competencies mapped across conceptual, procedural, and evaluative domains:
| CO | Course Outcome Statement | Cognitive Level | Knowledge Category | Evaluation Tools |
|---|---|---|---|---|
| CO1 | Develop a strong foundation on the theories and principles of security analysis and portfolio management. | Understand (U) | Conceptual (C) | Examination, Assignment |
| CO2 | Develop application skills to assess the risk level and security pricing. | Apply (Ap) | Procedural (P) | Examinations, Assignment |
| CO3 | Analytical and critical evaluation of security market functioning. | Analyse (An) | Conceptual (C) | Project, Assignment |
| CO4 | Appreciate the relevance of Portfolio Management. | Evaluate (E) | Conceptual (C) | Case study, Project |
Detailed Module-Wise Syllabus Breakdown
The 60 hours of total instructional curriculum are organized across five structured modules (four theory modules and one open-ended practical laboratory module):
Module I: Introduction to Equity Investment
1.1 Investment Foundations: Investment – Meaning and Definition - Objectives of Investment - Types of investment.
1.2 Investor Classification: Types of investors – Speculation, Gambling - Source of Information for investments.
1.3 Securities Markets: Primary market - functions of primary market – Methods of Floating New Issue - Book building - private placement. Secondary Market - Organised stock exchanges - Functions of stock exchanges - Listing of Securities - Stock Market Indices.
1.4 Trading & Settlement: Trading and Settlement process in Stock Exchanges - BSE and NSE – Types of orders and Settlement of Trade.
1.5 Depositories: Depositories and Depository participants - Functions of Depository – Dematerialization - NSDL and CDSL.
1.6 Regulation: Regulation of Securities Market – SEBI – Functions.
Module II: Risk and Return
2.1 Risk-Return Foundations: Concepts of risk and return - Factors contributing to risks - Risk and risk aversion.
2.2 Risk Dichotomy: Types of risks - Systematic and Unsystematic risk.
2.3 Quantitative Risk Measurement: Measurement of risks – Expected Return - Measurement of Systematic and Unsystematic Risk - Security Beta.
2.4 Tail-Risk Control: Value at Risk (VaR).
Module III: Security Analysis and Behavioural Finance
3.1 Fundamental Analysis: EIC Framework - Economy, Industry and Company Analysis - Valuation of Equity Share - Dividend Yield Model - Dividend Growth Model.
3.2 Technical Analysis: Meaning and Basic principles of technical analysis - Dow Theory - Elliot wave theory - Charts and chart patterns - Mathematical Indicators.
3.3 Market Efficiency: Efficient market theory - Forms of Market Efficiency.
3.4 Behavioural Finance: Meaning - Definition - Evolution - Traditional Vs Behavioural Finance - Behavioural Biases – Heuristic Theory - Prospect Theory – Cognitive and Emotional Biases.
Module IV: Portfolio Management
4.1 Portfolio Analysis: Portfolio – Meaning – Types – Portfolio Management Process - Portfolio Analysis – Risk and Return of a portfolio – Reduction of Portfolio Risk through Diversification.
4.2 Portfolio Selection: Feasible set of portfolios - Selection of Optimal Portfolio - Portfolio Markowitz Model - Efficient Frontier - CAPM.
4.3 Portfolio Revision: Constraints in portfolio revision - Strategies of Portfolio Revision.
4.4 Portfolio Evaluation: Methods of Portfolio Evaluation – Sharpe - Treynor and Jensen's measure.
Module V: Open Ended Module (Practical Laboratory)
5.1 Spread Sheet Risk-Return Modelling: Calculation of Risk and Return of securities using Stock Exchange database with the help of Spread Sheet Packages.
5.2 Practical Technical Charting: Conduct practical exercises of Technical Analysis using real-time market candlestick charting platforms.
5.3 Market Case Analysis: Case analysis using Stock Market Data to assess real-world pricing anomalies, beta stability, and portfolio diversification.
Official University Reference Textbooks
The Board of Studies in Commerce at the University of Calicut officially prescribes the following reference literature for COM5EJ302 (1):
Donald E. Fisher & Ronald J. Jordan
Securities Analysis and Portfolio Management, Prentice Hall, New Delhi.
S. Kevin
Security Analysis and Portfolio Management, PHI Learning.
Sourain, Harry
Investment Management, Prentice Hall of India.
Francis & Archer
Portfolio Management, Prentice Hall of India.
Gupta, L.C.
Stock Exchange Trading in India, Society for Capital Market Research and Development, Delhi.
MachiRaju, H.R.
Working of Stock Exchanges in India, Wiley Eastern Ltd, New Delhi.
Sulphey, M. M. (2014)
Behavioural Finance (First Edition), PHI Learning Private Limited.
Michael M. Pompian
Behavioural Finance and Wealth Management, John Wiley & Sons.
Module Study Notes Navigation
Access the full, textbook-depth online study guides for each module of Security Analysis and Portfolio Management:
Primary/secondary markets, trading, settlement & SEBI.
Systematic/unsystematic risk, beta, & Value at Risk.
EIC, DDM, technical charting, EMH & behavioural biases.
Markowitz, CAPM, formula plans & Sharpe/Treynor evaluation.
Ready to start learning?
Proceed to Module 1 notes or view all syllabus topics.