B.Com. (Financial Management) Security Analysis and Portfolio Management Syllabus - Mumbai University
This is the SY BCom FM 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.
Loading syllabus...
Syllabus for Security Analysis and Portfolio Management
Module I: Portfolio Management – An Introduction & Process
- Investment, Meaning, Characteristics, Objectives, Investment V/s Speculation, Investment V/s Gambling and Types of Investors.
- Portfolio Management – Meaning, Evolution, Phases, Role of Portfolio Managers, Advantages of Portfolio Management.
- Investment Environment in India and Factors Conducive for Investment in India.
- Portfolio Analysis – Meaning and its Components, Calculation of Expected Return and Risk, Calculation of Covariance, Risk – Return Trade off.
- Portfolio Selection – Meaning, Feasible Set of Portfolios, Efficient Set of Portfolios, Selection of Optimal Portfolio, Markowitz Model, Limitations of Markowitz Model, Measuring Security Return and Portfolio Return and Risk under Single Index Model and Multi Index Model.
Module II: Portfolio Management – Valuation
- Portfolio Revision – Meaning, Need, Constraints and Strategies.
- Portfolio Evaluation – Meaning, Need, Measuring Returns (Sharpe, Treynor and Jensen Ratios) and Decomposition of Performance.
- Bond Valuation – Meaning, Measuring Bond Returns, Yield to Maturity, Yield to Call and Bond Pricing. Bond Pricing Theorems, Bond Risks and Bond Duration.
Module III: Fundamental Analysis
- Economy Analysis – Meaning, Framework, Economic Analysis, Forecasting, Barometric or Indicator Approach, Econometric Model Building and Opportunistic Model Building.
- Industry Analysis – Concept of Analysis, Industry Life Cycle, Industry Characteristics.
- Company Analysis – Financial Statements, Analysis of Financial Statements, (Practical questions on Debt Equity Ratios, Total Debt Ratio, Proprietary ratios, interest coverage ratio, Profitability ratios related to sales, investment and equity shares Efficiency or Activity Ratios) and Assessment of Risk (Leverages)
Module IV: Technical Analysis
- Dow Theory
- Meaning and Principles of Technical Analysis, Price Chart, Line Chart, Bar Chart, Japanese Candlestick Chart, Trends and Trend Reversals, Chart Patterns, Support and Resistance, Reversal Patterns, Continuation Patterns and Elliot Wave Theory
- Mathematical Indicators – Calculation of Moving Averages (Simple and Exponential Moving Average), Oscillators and Relative Strength Index
- Market Indicators Fundamental Analysis V/s Technical Analysis
Reference Books
- 1 Securities Operations and Risk Management by National Institute of Securities Markets
- 2 Portfolio Management Services (PMS) Distributors by National Institute of Securities Markets
- 3 Portfolio Managers by National Institute of Securities Markets
- 4 Blake, David 1992, Financial Market Analysis , McGraw Hill London
- 5 Francis J.C Investments, Analysis and Management McGraw Hill New York.
- 6 Pistolese Clifford Using Technical Analysis Vision Books
- 7 Reilly Frank K and Keith Brown Investment Analysis and Portfolio Management.
Reproduced from the University of Mumbai syllabus for B.Com. (Financial 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.