Portfolio management is both an art and a science. It is a dynamic decision making process, one that is continuous and systematic but also requires a great deal of judgment. The objective of this project is to blend theory and practice to achieve a consistent portfolio management process. This dynamic process is designed to be applied in a comprehensive and logical fashion to variety of objectives and constraints in an increasingly more volatile and global capital markets. This project will discuss various theories and widely used techniques for combining different investments to create portfolios meeting specific goals and objectives within given risk parameters. These include selecting suitable investment policies and strategies, balancing asset, integrated risk management, efficient diversification, and market efficiency, measuring and attributing performance for an investment portfolio. Some considerations are given to analyzing international assets and techniques of using them both opportunistically (tactically) and strategically. Specific risks of global investing such as country, political, currency, convertibility, liquidity and settlement are treated. Key issues in managing emerging market portfolios are analyzed. For making proper investment involving both risk and return, the investor has to make study of the alternative avenues of the investment-their risk and return characteristics, and make a proper projection or expectation of the risk and return of the alternative investments under consideration. He has to tune the expectations to this preference of the risk and return for making a proper investment choice. The process of analyzing the individual securities and the market as a whole and estimating the risk and return expected from each of the investments with a view to identify undervalues securities for buying and overvalues securities for selling is both an art and a science that is what called security analysis.
[...] FEATURES OF PORTFOLIO MANAGEMENT The objective of portfolio management is to invest in securities in such a way that one maximizes one's return and minimizes risks in order to achieve one's investment objective. Safety of the investment: The first important objective investment safety or minimization of risks is of the important objective of portfolio management. There are many types of risks. Which are associated with investment in equity stocks, including super stock. There is no such thing called Zero-risk investment. [...]
[...] To know the performance of the portfolio To clearly define portfolio selection process RESEARCH METHODOLOGY The source of data taken for the portfolio analysis is secondary in nature which includes both internal and external data sources. Internal data was collected from the company's annual reports. External data includes the published books such as finance and Data collected from Newspapers and Internet. The analysis of risk and return was performed to know the diversification of portfolio using standard deviation and co variance. [...]
[...] Analysis of securities: Security analysis in both traditional sense and modern sense involves the projection of future dividend or ensuring flows, forecast of the share price in the future and estimating the intrinsic value of a security based on the forecast of earnings or dividend. Security analysis in traditional sense is essentially on analysis of the fundamental value of shares and its forecast for the future through the calculation of its intrinsic worth of share. Modern security analysis relies on the fundamental analysis of the security, leading to its intrinsic worth and also rise-return analysis depending on the variability of the returns, covariance, safety of funds and the projection of the future returns. [...]
[...] DATA ANALYSIS AND INTERPRETATION PORTFOLIO - A PORTFOLIO B BHEL SATYAM RELIANCE ENERGY WIPRO CROMPTON GREAVES JINDAL STEEL LTD PORTFOLIO-A (1)BHEL-Bharat Heavy Electricals Limited (BHEL) is an engineering and manufacturing company in the energy-related and infrastructure sector. The Company caters to sectors, including to the power generation and transmission, transportation, renewable energy and defense. It has a network of 14 manufacturing divisions, four power sector regional centers service centers and15 regional offices. The power generation sector consists of thermal, gas, hydro and nuclear power plant businesses. [...]
[...] It offers a range of IT services to its customers, including application development and maintenance, consulting and enterprise business solutions, extended engineering solutions and infrastructure management services. Satyam BPO Limited (Satyam BPO), a majority-owned subsidiary of the Company, is engaged in providing business process outsourcing (BPO) services. Satyam operates in two segments: IT services and BPO services. On January the Company acquired Nitor global Solutions Ltd. On April it acquired Bridge Strategy Group LLC. In November 2008, it announced the take over of Motorola Inc.'s software development centre in Malaysia. [...]
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