Certificate Program on Portfolio Management

Program

To provide an understanding of:

  • Management of financial assets to generate income and security
  • Efficient and optimal utilisation of financial resources for differential time horizon and needs
  • Different styles and types of portfolio management in terms of AMC control
  • Measurement of risk and returns across various asset classes in portfolio
  • Diversification as the key for hedging and speculative purposes
  • The role of SEBI and stock exchanges in fund management in India
  • Day 1
  • Portfolio Analysis & Construction
    •      • Portfolio Analysis & Construction
    •      • Portfolio Analysis
    •      • Components of Portfolio Management
    •         • Discretionary and non-discretionary portfolio management
    •    Traditional Portfolio Theory
    Day 2
  • Expected return for an Individual Risky Security
  • Variance of Return for an Individual Risky Security
  • Two Asset Portfolio with the Assets having the Same Expected Returns, the Same Standard Deviation
  • Two Asset Portfolio with the Assets having Different Expected Returns, Different Standard Deviations, but the same weight

  • Day 3
  • Efficient Frontier
    •    • Dominance of Efficient Frontier
  • Optimal Portfolio
    •    • Investor Indifference Curve
    •    • Selection of optional Portfolio
    •    • Limitations of Markowitz model
  • Sharpe Single Index Model
    •    • Calculation of Portfolio Return & Portfolio Risk using Sharpe's Single Index Model
    •    • Advantages of Sharpe's Single Index Model
  • Capital Asset Pricing Model (CAPM)
    •    • Assumptions of CAPM
    •    • Efficient Frontier with Lending at Risk-free Rate
    •    • Capital Market Line
    •    • Efficient Frontier with Borrowing at Risk-free Rate
    •    • Return from Portfolio that lie on the CML
    •    • o Relationship between Risk and return of Portfolios that lie on the Capital Market Line
    •    • Security Market Line
    •    • CML versus SML
    •    • Pricing of Securities with CAPM
    •    • Arbitrage Pricing Theory
    Day 4
  • Portfolio Evaluation and Revision
    •    • Introduction & Portfolio Evaluation
    •    • Need for Portfolio Evaluation
    •    • Ratios for Portfolio Evaluation
    •    • Comparison between Sharpe Ratio & Treynor Ratio
    •    • Jensen's Measure
    •    • Fama's Decomposition of Total Return from a Portfolio
    •    • Portfolio Revision
    •    • Strategies for Portfolio Revision
    •    • Strategies for Portfolio Revision
      •      • Active Portfolio revision Strategy
      •      • Passive Portfolio Revision Strategy

      Day 5
    • Construction of Portfolio – India
      •    • o The role of Asset Management Company (AMC) and efficient and effective utilisation of Asset Under Management (AUM) or corpus
      •    • SEBI defined PMS
      •    • Mutual funds in India
    •      • Active and Passive Fund Management
    •      • Discretionary & Non - Discretionary PMS
    •    • Equity – Basic Stock Picking Techniques and Strategies
    •    • Multi- Asset Portfolio
    •        • Equity
    •        • Derivatives
    •        • Commodities
    •        • Currencies
    •        • Measurement of risk and returns in multi-asset portfolio
  •    Overview of Derivatives Market
    •        • Futures & Options
    •        • Optional Portfolio Hedging
    •        • Hedging Strategies
  •    Performance Review of PMS
    •        • MIS Reporting
    Participants attending the entire course shall be eligible to receive Participation Certificate from the BSE Institute Ltd.

    6 full days (Saturdays & Sundays)
    10.00 am to 5.30 pm

    Rs. 22,000.00 + Applicable Taxes per participant inclusive of tuition fees, reference material and (morning / evening) refreshments only.

    For further details regarding contents,
    E-mail: training@bseindia.com