B.Com. (Investment Management) Security Analysis and Portfolio Management Syllabus - Mumbai University
This is the SY BCom IM syllabus under NEP 2020, in force from the academic year 2025-26. The University still sets the earlier Choice Based papers alongside it for ATKT candidates, so check which scheme your exam form names before you revise.
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Syllabus for Security Analysis and Portfolio Management
Module I: Introduction to Security Analysis
- Unit 1: Overview of Investment and Securities Markets
- Investment vs. Speculation vs. Gambling
- Types of Financial Securities: Equity, Debt, Derivatives
- Functioning of Primary and Secondary Markets
- Role of SEBI and Regulatory Framework
- Portfolio Management – Meaning, Evolution, Phases, Role of Portfolio Managers, Advantages of Portfolio Management.
- Unit 2: Fundamental Analysis for Security Selection
- Economic, Industry, and Company Analysis (EIC Approach)
- Financial Statement Analysis – Ratio Analysis, Earnings Models
- Valuation Methods: Discounted Cash Flow (DCF), Price-to-Earnings (P/E) Ratio, Dividend Discount Model
Module II: Technical Analysis and Behavioral Aspects
- Unit 3: Technical Analysis and Market Indicators (Basic)
- Dow Theory
- Charting Techniques: Line, Bar, Candlestick Charts
- Technical Indicators: Moving Averages, RSI, MACD, Bollinger Bands
- Unit 4: Behavioral Finance and Market Anomalies
- Investor Psychology and Behavioral Biases
- Heuristics, Overconfidence, and Loss Aversion
- Market Anomalies and Bubbles
- Impact of Behavioral Finance on Investment Decisions
Module III: Portfolio Management Strategies
- Unit 5: Portfolio Theory and Construction(Basic)
- Risk-Return Tradeoff and Diversification
- Modern Portfolio Theory (MPT)
- Capital Asset Pricing Model (CAPM) and Arbitrage Pricing Theory (APT)
- Asset Allocation Strategies for Different Risk Profiles
- Unit 6: Portfolio Performance Evaluation
- Measuring Portfolio Risk and Return
- Sharpe Ratio, Treynor Ratio, Jensen’s Alpha
- Active vs. Passive Portfolio Management Strategies
- Mutual Funds and ETF Portfolio Strategies
Module IV: Risk Management and Emerging Trends in Investment
- Unit 7: Risk Management in Investments
- Types of Investment Risks: Market Risk, Credit Risk, Liquidity Risk
- Hedging Strategies Using Derivatives: Futures, Options, Swaps
- Value at Risk (VaR) and Stress Testing
- Risk Mitigation Techniques in Portfolio Management
- Unit 8: Emerging Trends and Innovations in Portfolio Management(Basic)
- Role of Artificial Intelligence and Big Data in Security Analysis
- ESG (Environmental, Social, Governance) Investing and Impact Investing
- Alternative Investments: Cryptocurrencies, REITs, Hedge Funds
- Global Investment Trends and Future of Portfolio Management
Reference Books
- 1 Security Analysis and Portfolio Management – Prasanna Chandra
- 2 Investment Analysis and Portfolio Management – M. Ranganatham & R. Madhumathi
- 3 Security Analysis and Portfolio Management – Punithavathy Pandian
- 4 Fundamentals of Investment Management – Preeti Singh
- 5 Portfolio Management: Theory and Practice – S. Kevin
Reproduced from the University of Mumbai syllabus for B.Com. (Investment Management) under NEP 2020, in force from the academic year 2025-26. Wording is as printed in that syllabus. Module numbering is as printed there too.
The complete syllabus
This subject is cut from the University circular for its year. Open a document here if you want the whole thing rather than a single subject.