This book on Security Analysis and Portfolio Management is a comprehensive source of information and analysis for students and practitioners. The distinguishing feature of the book is the detailed coverage of the regulatory environment, which consists of the current and updated rules and regulations, tax-environment and the practice of investment in the securities market in India. The book has been written keeping in mind the potential investor and an average student. It addresses all their doubts and concerns and makes them informed about the money market. This well organised, lucidly written text covers various aspects of the portfolio management, ranging from analysis to revision and then performance evaluation of the portfolio. Also discusses in detail the securities market, derivatives and risk evaluation that helps in understanding the trading system better and making quality investment decisions. Besides explaining the theoretical concepts of portfolio management, the book provides a detailed analysis of the latest development in the securities trading. It is meant to be a ‘single window book’ covering the SAPM syllabus of almost all the Indian Universities and institutes conducting MBA/PGDM or MCom programmes. The book will be equally useful for the students of ICAI, ICWAI as well as for investment courses conducted by NSE. Books FeaturesEasy to understand by the readers even if they have not been exposed to higher mathematics. Vast coverage of the SAPM topics. Several worked-out problems in relevant chapters to aid and assist students and teacher alike. Detailed discussion on Indian stock and share market in context to the country’s current scenario. Table of Contents Acknowledgements 1. Flow of Funds in Financial Markets 2. Expected Return and Risk 3. Different Types of Securities 4. Securities Market in India 5. Laws Relating to Securities in India 6. Direct Tax Laws in India 7. Stock Market Indices 8. Price Determination of a Security 9. Diversification and Portfolio Analysis 10. Characteristic Line, Capital Asset Pricing Model (CAPM) and Arbitrate Pricing Theory (APT) 11. Bond Valuation 12. Interest Rate Risk 13. Default Risk of Bond 14. Valuation of Common Shares 15. Fundamental Analysis 16. Technical Analysis 17. Behaviour of Stock Market Prices 18. Portfolio Performance: Evaluation and Revision Supplement: Sources of Financial Information