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Indian Institute of Management, Shillong: Post Graduate Program in Management (2019 - 21)

This document outlines the course details for "SAPM", a 1-credit course on investment and portfolio management taught in Term IV of the Post Graduate Program in Management at Indian Institute of Management, Shillong. The course will help students understand investment concepts like security valuation, portfolio construction, and asset management. It will be taught using case-based lectures, class discussions, and student projects/presentations. Students will be evaluated based on quizzes, assignments, a project, and an end-term exam. Key readings include textbooks on investments and portfolio management. The course is divided into modules on portfolio management and security analysis over 20 sessions.

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Arenly Longkumer
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178 views3 pages

Indian Institute of Management, Shillong: Post Graduate Program in Management (2019 - 21)

This document outlines the course details for "SAPM", a 1-credit course on investment and portfolio management taught in Term IV of the Post Graduate Program in Management at Indian Institute of Management, Shillong. The course will help students understand investment concepts like security valuation, portfolio construction, and asset management. It will be taught using case-based lectures, class discussions, and student projects/presentations. Students will be evaluated based on quizzes, assignments, a project, and an end-term exam. Key readings include textbooks on investments and portfolio management. The course is divided into modules on portfolio management and security analysis over 20 sessions.

Uploaded by

Arenly Longkumer
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 3

Indian Institute of Management, Shillong

POST GRADUATE PROGRAM IN MANAGEMENT (2019 – 21)


Course Outline

Course Code EFA118404 Term IV


Title of the Course: SAPM Credit: 1
Name of the Faculty: Sharad Bhattacharya
Email ID: snb@iimshillong.ac.in Contact No.: 0364 2308032

COURSE DESCRIPTION:
In the 2008 letter to the Berkshire Hathaway's shareholders, Warren Buffett wrote: “Long ago, Ben
Graham taught me that 'Price is what you pay; value is what you get.' Whether we're talking about socks
or stocks, I like buying quality merchandise when it is marked down.” This course will help you reason
out investment issues

COURSE OBJECTIVES:
 To make the students understand and apply the basic theory, tools, and terminology of investment
management, portfolio construction and evaluation.
 To familiarize the students with the security valuation including that of analysis and management
of common stocks, bonds and other assets and evaluation of portfolio performance.
 To help the students with the understandings required for the asset management industry.

LEARNING OUTCOME:
Understand the language, concepts, vehicles and strategies for investing and portfolio management.

COURSE REQUISITES:
Good understanding of the basic finance concepts, statistics, knowledge of excel on finance functions and
an inclination towards numbers
PEDAGOGY / TEACHING METHODOLOGY:
The pedagogy to be followed will be completely based on the students follow up. It will be a mix of case
based lecture, class discussion, and students’ project and presentation. The majority of the learning will
happen off the classroom, and the classroom sessions will be used for discussing what has been learnt
outside the classroom. Very heavy importance will be given for students’ preparation for the sessions.
Most of the sessions will be based on the case, which has to be first tried / discussed by the students as a
group on their own. The Facilitators’ effort will be focused on providing a learning environment for the
student rather than ‘spoon feeding’ the student.

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EVALUATION:
Component Weightage %
Quiz 30
Individual Assignment 10
Project 20
End Term 40
TOTAL 100

DETAILS/INSTRUCTIONS FOR EVALUATION: NIL

TEXT BOOKS:
 Bodie, Kane, Marcus and Mohanty: INVESTMENTS, 11th Edition, TMH publication

ADDITIONAL BOOKS / READINGS:


 Reilly and Brown: INVESTMENT ANALYSIS AND PORTFOLIO MANAGEMENT, 9th
Edition, Cengage Publishers.
 David Luenberger: INVESTMENT SCIENCE, 4th Edition, Oxford Publishers.

SCHEDULE OF SESSIONS:
Module I: PORTFOLIO MANAGEMENT
Session 1: Economic Theory of Choice under certainty

Session 2: Understanding the Investment Environment –Asset Classes and Financial Instruments
Reading(s): Chapter 1 and 2 (BKM) and refer to the websites of BSE, NSE and SEBI.
Familiarize yourself with any direct stock trading website.

Session 3 & 4: Risk, Return, Asset Allocation and Portfolio Construction


Readings: Chapter 5-8, BKM

Session 5 & 6: CAPM, APT and other Asset Pricing models


Readings: Chapter 8-10, BKM

Session 7: The Efficient Market Hypothesis and its relevance


Readings: Chapter 11, BKM

Session 8 - 9: Empirical Evidence on Security Returns- Single Factor, Multifactor and FF Model
Readings: Chapter 13, BKM

Session 10 - 11: Role of Bonds in Portfolio Management


Readings: Chapter 14-16, BKM

Module II: SECURITY ANALYSIS

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Session 12: Macroeconomic and Industry Analysis
Readings: Chapter 17, BKM

Session 13 - 14: Company Analysis and Stock Valuation


Readings: Chapter 17-19, BKM

Session 15: Technical Analysis


Readings: Chapter 15 of Reilly and Brown

Session 16-17: Portfolio Performance Evaluation


Readings: Chapter 24, BKM

Session 18-19: Active Portfolio Management


Readings: Chapter 27, BKM

Session 19 - 20: PROJECT PRESENTATION

IMPORTANT GUIDELINES: NIL

PARTICIPANTS ROLES & RESPONSIBILITIES: Do not miss the quizzes. Alternative arranges are
not possible.

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