The document discusses investment, securities markets, and stock exchanges. It provides definitions and details on:
- Types of investment including stocks, bonds, and securities. Stocks represent partial ownership in a company.
- How stock exchanges like the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) facilitate trading of stocks and other financial instruments.
- Key parts of the securities market including the primary market where companies first issue stocks, and the secondary market where existing stocks are traded.
- Depositories like NSDL and CDSL that hold securities electronically instead of physical certificates and allow investors to buy and sell through Demat accounts.
1. The document discusses various topics related to investment analysis and portfolio management including definitions of investment, types of investments, risk and return, stock markets, and trading mechanisms.
2. Key points covered include the meaning of investment, characteristics and objectives of investment, types of securities markets, how stock exchanges work, demat accounts, and calculations of return and risk measures.
3. The roles of depositories, depository participants, and the demat account process are summarized. Common risk and return concepts such as standard deviation, yield to maturity, and holding period return are also briefly explained.
The document provides an introduction to investing in the Indian stock market. It discusses key concepts like shares, stocks, and bonds. It explains that shares represent ownership in a company and provide returns through dividends or capital appreciation. It also gives a brief history of the Indian stock market, highlighting the establishment of the Bombay Stock Exchange in 1875. Finally, it notes that the Securities and Exchange Board of India (SEBI) acts as the primary regulatory body governing the stock markets.
The document discusses the timings and procedures for trading on the Indian stock market. It is divided into several sections:
- The pre-opening session allows orders to be placed from 9:00-9:15 AM before the normal trading session begins.
- The normal trading session runs from 9:15 AM to 3:30 PM, when trading occurs freely.
- The post-closing session from 3:30-4:00 PM is used to calculate closing prices and allow limited additional orders.
- Muhurat trading occurs for one hour on Diwali each year.
- Being aware of the timings is important for profiting from intraday trading on the stock market.
IABF Education Institute gives to you details about Stock Market details, How to know about stock markets, What is Stock Market, Who is broker, What is D/Mat A/C, Functions of Brokers, Know about NIFTY,
The document provides information about stock markets and stock exchanges. It discusses that a stock market is where buying and selling of company stocks occurs, and nowadays this can take place online from anywhere. It defines a stock exchange as a market where securities like stocks and bonds are traded. The two major stock exchanges in India are the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), with the NSE being the largest in terms of daily turnover. Investors must open a demat account to purchase stocks. Stocks can be invested in for short, mid, or long term periods. The stock market conditions can be in a bull market with upward movement or bear market with downward movement.
This PPT covers all the details on how trading is done and what all are the major stock exchanges in India. The basic process and the technical aspects all are inclusive in this PPT.
Stock Exchange, Stock Market & SEBI FunctionsMukund Sreeram
The document provides information about stock markets and exchanges in India. It discusses the history and functions of the two major stock exchanges: the Bombay Stock Exchange (BSE), established in 1875, and the National Stock Exchange (NSE), established in 1993. It notes that BSE is the oldest stock exchange in India, located in Mumbai, while NSE was incorporated to increase transparency in the markets. The document also outlines the key functions of stock exchanges, which include providing a marketplace for buyers and sellers, mobilizing savings, ensuring liquidity and regulating listed companies. It concludes with details about the Securities and Exchange Board of India (SEBI), the regulatory body for financial markets in India established in 1988.
1. The document discusses various topics related to investment analysis and portfolio management including definitions of investment, types of investments, risk and return, stock markets, and trading mechanisms.
2. Key points covered include the meaning of investment, characteristics and objectives of investment, types of securities markets, how stock exchanges work, demat accounts, and calculations of return and risk measures.
3. The roles of depositories, depository participants, and the demat account process are summarized. Common risk and return concepts such as standard deviation, yield to maturity, and holding period return are also briefly explained.
The document provides an introduction to investing in the Indian stock market. It discusses key concepts like shares, stocks, and bonds. It explains that shares represent ownership in a company and provide returns through dividends or capital appreciation. It also gives a brief history of the Indian stock market, highlighting the establishment of the Bombay Stock Exchange in 1875. Finally, it notes that the Securities and Exchange Board of India (SEBI) acts as the primary regulatory body governing the stock markets.
The document discusses the timings and procedures for trading on the Indian stock market. It is divided into several sections:
- The pre-opening session allows orders to be placed from 9:00-9:15 AM before the normal trading session begins.
- The normal trading session runs from 9:15 AM to 3:30 PM, when trading occurs freely.
- The post-closing session from 3:30-4:00 PM is used to calculate closing prices and allow limited additional orders.
- Muhurat trading occurs for one hour on Diwali each year.
- Being aware of the timings is important for profiting from intraday trading on the stock market.
IABF Education Institute gives to you details about Stock Market details, How to know about stock markets, What is Stock Market, Who is broker, What is D/Mat A/C, Functions of Brokers, Know about NIFTY,
The document provides information about stock markets and stock exchanges. It discusses that a stock market is where buying and selling of company stocks occurs, and nowadays this can take place online from anywhere. It defines a stock exchange as a market where securities like stocks and bonds are traded. The two major stock exchanges in India are the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), with the NSE being the largest in terms of daily turnover. Investors must open a demat account to purchase stocks. Stocks can be invested in for short, mid, or long term periods. The stock market conditions can be in a bull market with upward movement or bear market with downward movement.
This PPT covers all the details on how trading is done and what all are the major stock exchanges in India. The basic process and the technical aspects all are inclusive in this PPT.
Stock Exchange, Stock Market & SEBI FunctionsMukund Sreeram
The document provides information about stock markets and exchanges in India. It discusses the history and functions of the two major stock exchanges: the Bombay Stock Exchange (BSE), established in 1875, and the National Stock Exchange (NSE), established in 1993. It notes that BSE is the oldest stock exchange in India, located in Mumbai, while NSE was incorporated to increase transparency in the markets. The document also outlines the key functions of stock exchanges, which include providing a marketplace for buyers and sellers, mobilizing savings, ensuring liquidity and regulating listed companies. It concludes with details about the Securities and Exchange Board of India (SEBI), the regulatory body for financial markets in India established in 1988.
This document provides an overview of financial markets and the primary and secondary markets. It defines financial markets and their role in economic development. It describes the structure of capital markets and the primary and secondary market segments. It outlines the various players in the primary market, including issuers, intermediaries, and investors. It also discusses the various instruments that can be traded in financial markets, including shares, debentures, warrants, IDRs, ADRs, and others.
Delta One Future Nivesh Pack Is Designed For Stock Future Traders Can Earn Spacious Profit Using Margin Trading, Get Registered For Our Free Stock Future Tips Trial.
Capital markets refers to the institutional arrangement for long term sources of finance. It provides long term funds to the individuals, business enterprises and government.
The document discusses share markets and stock market fundamentals. It defines key terms like shares, stock exchanges, indices like Sensex and Nifty, and market types. It also summarizes the different types of investors and investments based on time horizon. Key stock market metrics like market capitalization, outstanding shares, and quarterly results are explained. The document provides an overview of how stock prices change and how indices like Sensex are calculated.
This document summarizes stock exchanges and reforms in the Indian stock market. It defines what stocks are and why people invest in them, including the potential for capital gains and receiving company profits. It describes stock price determination and what a stock market is, including primary and secondary markets. It provides details on major stock exchanges globally and in India. The rest of the document outlines key reforms by the Securities and Exchange Board of India (SEBI) to regulate the stock market, including mandatory registration, prohibiting insider trading, allowing retail trading, making demat accounts and PAN cards mandatory, and introducing rolling settlement to reduce transaction time.
Share Market Basics: What is the stock market? How much is the stock market? ...Chittaranjan Infotech
Many misconceptions about the stock market are in the minds of many and it is natural to have them. The stock market is a tool to make a lot of money, the stock market is a gamble, the stock market is a game of the rich, and the stock market is a tool to drown money, and so on. However, the stock market is a vast ocean and can be a great investment option. Those who want to study hard and who have the qualities of patience and perseverance will succeed here.
- The stock market refers to the collection of exchanges where public trading of company stocks and shares takes place. It allows companies to raise capital and investors to share in ownership.
- Most trading in India occurs on the two main exchanges, Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Common stock types are shares in a company's equity, while preferred stock and bonds are other fixed income securities.
- Individual investors can purchase stocks through a brokerage account linked to a trading account and demat account to hold shares electronically. Stock prices fluctuate daily based on demand and supply in the market.
Stock exchanges are organized markets that facilitate trading of securities between buyers and sellers. They provide a platform for trading shares, bonds, and other financial instruments according to established rules and regulations. Transactions can only be conducted through authorized brokers who are members of the exchange. Some key functions of stock exchanges include pricing securities, promoting safety and liquidity in transactions, contributing to economic growth, and acting as a barometer of the financial market and national economy.
Here is a short note on trading in the capital markets:
Trading refers to the buying and selling of securities such as stocks and bonds. There are two main types of trading - delivery based trading and intraday trading. Delivery based trading involves purchasing securities and selling them only after receiving their delivery in the demat account. It is considered a safer approach. Intraday trading refers to buying and selling securities within the same trading day, with the net position at the end of the day remaining unchanged. It is a riskier form of trading.
Trading can take place on a stock exchange via a broker or over-the-counter without an exchange. Exchanges like NSE facilitate trading through a electronic matching system that matches buy and
The document provides information about the Bombay Stock Exchange (BSE) in India. It discusses that BSE was established in 1875 and is one of the oldest stock exchanges in Asia. It has over 5,191 listed companies and a market capitalization of over $2 trillion. BSE uses an online trading system called BOLT and also offers internet trading through its website. It operates a large private network across India to connect its members, using technologies like local area networks, wide area networks, and VSATs. BSE works to protect investors and provide education through various departments and initiatives.
Basics of stock market power point presentationTEJKUMAR REDDY
The document discusses why people should understand stock markets and provides an overview of how stock markets work. It describes that stock markets allow companies to raise capital and individuals to invest for returns. It then defines key terms like primary market, secondary market, stock exchange listings, and stock market indexes. The summary briefly outlines some key points about how individuals can invest in stocks and benefits of doing so.
The document provides an overview of the financial system in India. It discusses the key components and structure of the financial system including financial markets, institutions, and their various roles. The capital market facilitates long-term funding and is divided into the primary market for new share issuances and the secondary market for existing shares. Money markets provide short-term funding. Regulatory bodies oversee the financial system and intermediaries such as banks, insurance companies, and mutual funds channel funds between savers and borrowers. Cooperative banks specifically serve agriculture and rural sectors.
The document provides information on stock exchanges in India, including the major exchanges like the Bombay Stock Exchange and National Stock Exchange. It discusses the key players in stock exchanges like brokers, jobbers, and investors. It also covers topics like speculation, causes of price fluctuations, the role of SEBI in regulating exchanges, and how companies are rated. The largest stock exchange is the Bombay Stock Exchange, located in Mumbai, which accounts for over two-thirds of trading in India.
The document discusses stock exchanges in India, specifically the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). It provides background information on what a stock exchange is, key features and functions of stock exchanges, major indices tracked by the BSE like SENSEX, benefits of being listed on the BSE, and segments available for investment on the NSE like equity, equity derivatives, and debt. It also briefly discusses the inter-connected stock exchange that connects members of other Indian stock exchanges.
The document provides an overview of the Bombay Stock Exchange (BSE) in India, including its history, corporate structure, vision, trading sessions, key index (SENSEX), and services offered. BSE is the oldest and largest stock exchange in India, established in 1875, and provides various investor services and trading platforms. It calculates the SENSEX index based on the free-floating market capitalization of 30 component stocks relative to a base period.
The Indian share market first started in 1875 and was known as the Native Share and Stock Broker's Association, which later became the Bombay Stock Exchange (BSE). The BSE is the oldest stock exchange in Asia. Another major stock exchange is the National Stock Exchange (NSE), which has the highest daily trading volume. Both exchanges trade various financial instruments like stocks, derivatives, and debt. Regulatory oversight is provided by the Securities and Exchange Board of India (SEBI). Investing in the Indian share market provides opportunities for both long and short-term gains, but it is important to diversify investments and seek advice from professionals.
This document provides an overview of financial management topics covered in Module 3 of a course at Sri Krishna College of Technology School of Management. It begins with introducing key concepts like the goals and elements of financial management. It then covers specific topics like the time value of money, risk and return analysis, and capital budgeting. Examples and problems are provided to illustrate calculating future and present values, rates of return, and standard deviation. The document aims to equip students with an understanding of important financial management principles.
Crowd management is important for large events to ensure safety and prevent issues like injuries, property damage, and unruly behavior. The document provides 15 tips for effective crowd management at events including knowing your audience, planning in advance, using signage, limiting alcohol access, screening attendees, hiring security personnel, and reviewing your crowd management strategy after the event. Proper crowd control planning is an essential part of ensuring events with big crowds are well-organized and any issues are addressed.
This document provides an overview of financial markets and the primary and secondary markets. It defines financial markets and their role in economic development. It describes the structure of capital markets and the primary and secondary market segments. It outlines the various players in the primary market, including issuers, intermediaries, and investors. It also discusses the various instruments that can be traded in financial markets, including shares, debentures, warrants, IDRs, ADRs, and others.
Delta One Future Nivesh Pack Is Designed For Stock Future Traders Can Earn Spacious Profit Using Margin Trading, Get Registered For Our Free Stock Future Tips Trial.
Capital markets refers to the institutional arrangement for long term sources of finance. It provides long term funds to the individuals, business enterprises and government.
The document discusses share markets and stock market fundamentals. It defines key terms like shares, stock exchanges, indices like Sensex and Nifty, and market types. It also summarizes the different types of investors and investments based on time horizon. Key stock market metrics like market capitalization, outstanding shares, and quarterly results are explained. The document provides an overview of how stock prices change and how indices like Sensex are calculated.
This document summarizes stock exchanges and reforms in the Indian stock market. It defines what stocks are and why people invest in them, including the potential for capital gains and receiving company profits. It describes stock price determination and what a stock market is, including primary and secondary markets. It provides details on major stock exchanges globally and in India. The rest of the document outlines key reforms by the Securities and Exchange Board of India (SEBI) to regulate the stock market, including mandatory registration, prohibiting insider trading, allowing retail trading, making demat accounts and PAN cards mandatory, and introducing rolling settlement to reduce transaction time.
Share Market Basics: What is the stock market? How much is the stock market? ...Chittaranjan Infotech
Many misconceptions about the stock market are in the minds of many and it is natural to have them. The stock market is a tool to make a lot of money, the stock market is a gamble, the stock market is a game of the rich, and the stock market is a tool to drown money, and so on. However, the stock market is a vast ocean and can be a great investment option. Those who want to study hard and who have the qualities of patience and perseverance will succeed here.
- The stock market refers to the collection of exchanges where public trading of company stocks and shares takes place. It allows companies to raise capital and investors to share in ownership.
- Most trading in India occurs on the two main exchanges, Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Common stock types are shares in a company's equity, while preferred stock and bonds are other fixed income securities.
- Individual investors can purchase stocks through a brokerage account linked to a trading account and demat account to hold shares electronically. Stock prices fluctuate daily based on demand and supply in the market.
Stock exchanges are organized markets that facilitate trading of securities between buyers and sellers. They provide a platform for trading shares, bonds, and other financial instruments according to established rules and regulations. Transactions can only be conducted through authorized brokers who are members of the exchange. Some key functions of stock exchanges include pricing securities, promoting safety and liquidity in transactions, contributing to economic growth, and acting as a barometer of the financial market and national economy.
Here is a short note on trading in the capital markets:
Trading refers to the buying and selling of securities such as stocks and bonds. There are two main types of trading - delivery based trading and intraday trading. Delivery based trading involves purchasing securities and selling them only after receiving their delivery in the demat account. It is considered a safer approach. Intraday trading refers to buying and selling securities within the same trading day, with the net position at the end of the day remaining unchanged. It is a riskier form of trading.
Trading can take place on a stock exchange via a broker or over-the-counter without an exchange. Exchanges like NSE facilitate trading through a electronic matching system that matches buy and
The document provides information about the Bombay Stock Exchange (BSE) in India. It discusses that BSE was established in 1875 and is one of the oldest stock exchanges in Asia. It has over 5,191 listed companies and a market capitalization of over $2 trillion. BSE uses an online trading system called BOLT and also offers internet trading through its website. It operates a large private network across India to connect its members, using technologies like local area networks, wide area networks, and VSATs. BSE works to protect investors and provide education through various departments and initiatives.
Basics of stock market power point presentationTEJKUMAR REDDY
The document discusses why people should understand stock markets and provides an overview of how stock markets work. It describes that stock markets allow companies to raise capital and individuals to invest for returns. It then defines key terms like primary market, secondary market, stock exchange listings, and stock market indexes. The summary briefly outlines some key points about how individuals can invest in stocks and benefits of doing so.
The document provides an overview of the financial system in India. It discusses the key components and structure of the financial system including financial markets, institutions, and their various roles. The capital market facilitates long-term funding and is divided into the primary market for new share issuances and the secondary market for existing shares. Money markets provide short-term funding. Regulatory bodies oversee the financial system and intermediaries such as banks, insurance companies, and mutual funds channel funds between savers and borrowers. Cooperative banks specifically serve agriculture and rural sectors.
The document provides information on stock exchanges in India, including the major exchanges like the Bombay Stock Exchange and National Stock Exchange. It discusses the key players in stock exchanges like brokers, jobbers, and investors. It also covers topics like speculation, causes of price fluctuations, the role of SEBI in regulating exchanges, and how companies are rated. The largest stock exchange is the Bombay Stock Exchange, located in Mumbai, which accounts for over two-thirds of trading in India.
The document discusses stock exchanges in India, specifically the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). It provides background information on what a stock exchange is, key features and functions of stock exchanges, major indices tracked by the BSE like SENSEX, benefits of being listed on the BSE, and segments available for investment on the NSE like equity, equity derivatives, and debt. It also briefly discusses the inter-connected stock exchange that connects members of other Indian stock exchanges.
The document provides an overview of the Bombay Stock Exchange (BSE) in India, including its history, corporate structure, vision, trading sessions, key index (SENSEX), and services offered. BSE is the oldest and largest stock exchange in India, established in 1875, and provides various investor services and trading platforms. It calculates the SENSEX index based on the free-floating market capitalization of 30 component stocks relative to a base period.
The Indian share market first started in 1875 and was known as the Native Share and Stock Broker's Association, which later became the Bombay Stock Exchange (BSE). The BSE is the oldest stock exchange in Asia. Another major stock exchange is the National Stock Exchange (NSE), which has the highest daily trading volume. Both exchanges trade various financial instruments like stocks, derivatives, and debt. Regulatory oversight is provided by the Securities and Exchange Board of India (SEBI). Investing in the Indian share market provides opportunities for both long and short-term gains, but it is important to diversify investments and seek advice from professionals.
This document provides an overview of financial management topics covered in Module 3 of a course at Sri Krishna College of Technology School of Management. It begins with introducing key concepts like the goals and elements of financial management. It then covers specific topics like the time value of money, risk and return analysis, and capital budgeting. Examples and problems are provided to illustrate calculating future and present values, rates of return, and standard deviation. The document aims to equip students with an understanding of important financial management principles.
Crowd management is important for large events to ensure safety and prevent issues like injuries, property damage, and unruly behavior. The document provides 15 tips for effective crowd management at events including knowing your audience, planning in advance, using signage, limiting alcohol access, screening attendees, hiring security personnel, and reviewing your crowd management strategy after the event. Proper crowd control planning is an essential part of ensuring events with big crowds are well-organized and any issues are addressed.
This document discusses techniques for analyzing risk in capital budgeting decisions. It covers statistical techniques like probability, expected net cash flows, and expected net present value. Probability is defined as the likelihood of an event occurring. Expected net cash flows are calculated by multiplying each cash flow amount by its probability and summing the results. Expected net present value discounts expected net cash flows at the required rate of return. The document also discusses variance/standard deviation and coefficient of variation as other statistical risk analysis techniques, as well as conventional techniques like risk-adjusted discount rates and certainty equivalents. It notes that while capital budgeting traditionally assumes certainty, in reality projects involve different types and levels of risk from various sources.
This document provides an overview of basic personal income tax structure in India. It discusses the different types of income taxpayers and heads of income. It outlines the tax slabs and rates for individual taxpayers. It also describes several common tax-saving instruments that allow deductions under Section 80C of the Income Tax Act, including provident funds, life insurance premiums, public provident funds, national savings certificates, equity linked savings schemes, sovereign gold bonds, and more. Eligible contributions and lock-in periods for these instruments are also summarized.
The document discusses probability and statistics. It begins by explaining that the theory of probability was introduced in 1654 by Blaise Pascal and Pierre de Fermat to study gambling problems and formulate the principles of probability. It then discusses key topics in probability like definitions, axioms, conditional probability, total probability, and Bayes' theorem. Examples are provided to illustrate concepts like outcomes of coin tosses, dice rolls, and probability ranges from 0 to 1. Definitions of mutually exclusive, independent, and exhaustive events are explained.
This document discusses fundamental analysis for investment purposes. It defines fundamental analysis as evaluating a security's intrinsic value based on external factors that could influence future price. The document outlines factors to consider in fundamental analysis including quantitative company financials, qualitative company/industry attributes, and macroeconomic, industry, and company specifics. It also describes different types of fundamental analysis and tools used for economic analysis in fundamental evaluation.
This document discusses various measures of central tendency and dispersion used in statistics. It defines average, mean, median and mode as the main measures of central tendency. It provides formulas and methods to calculate arithmetic mean, weighted arithmetic mean, median and mode for both discrete and continuous data sets. The document also introduces absolute measures of dispersion like range, mean deviation, quartile deviation, standard deviation and relative measures of dispersion like coefficient of range, coefficient of mean deviation and coefficient of variation.
Financial planning is important to meet future financial goals. The steps in financial planning include gathering financial data, identifying goals, finding gaps between current situation and goals, preparing a financial plan, and implementing and reviewing the plan. Key components of a financial plan are having SMART goals that are specific, measurable, attainable, realistic, and time-bound. Financial planning tools like present value and future value calculations help account for the time value of money and power of compounding over long periods.
This presentation was provided by Steph Pollock of The American Psychological Association’s Journals Program, and Damita Snow, of The American Society of Civil Engineers (ASCE), for the initial session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session One: 'Setting Expectations: a DEIA Primer,' was held June 6, 2024.
A review of the growth of the Israel Genealogy Research Association Database Collection for the last 12 months. Our collection is now passed the 3 million mark and still growing. See which archives have contributed the most. See the different types of records we have, and which years have had records added. You can also see what we have for the future.
How to Make a Field Mandatory in Odoo 17Celine George
In Odoo, making a field required can be done through both Python code and XML views. When you set the required attribute to True in Python code, it makes the field required across all views where it's used. Conversely, when you set the required attribute in XML views, it makes the field required only in the context of that particular view.
Strategies for Effective Upskilling is a presentation by Chinwendu Peace in a Your Skill Boost Masterclass organisation by the Excellence Foundation for South Sudan on 08th and 09th June 2024 from 1 PM to 3 PM on each day.
Chapter wise All Notes of First year Basic Civil Engineering.pptxDenish Jangid
Chapter wise All Notes of First year Basic Civil Engineering
Syllabus
Chapter-1
Introduction to objective, scope and outcome the subject
Chapter 2
Introduction: Scope and Specialization of Civil Engineering, Role of civil Engineer in Society, Impact of infrastructural development on economy of country.
Chapter 3
Surveying: Object Principles & Types of Surveying; Site Plans, Plans & Maps; Scales & Unit of different Measurements.
Linear Measurements: Instruments used. Linear Measurement by Tape, Ranging out Survey Lines and overcoming Obstructions; Measurements on sloping ground; Tape corrections, conventional symbols. Angular Measurements: Instruments used; Introduction to Compass Surveying, Bearings and Longitude & Latitude of a Line, Introduction to total station.
Levelling: Instrument used Object of levelling, Methods of levelling in brief, and Contour maps.
Chapter 4
Buildings: Selection of site for Buildings, Layout of Building Plan, Types of buildings, Plinth area, carpet area, floor space index, Introduction to building byelaws, concept of sun light & ventilation. Components of Buildings & their functions, Basic concept of R.C.C., Introduction to types of foundation
Chapter 5
Transportation: Introduction to Transportation Engineering; Traffic and Road Safety: Types and Characteristics of Various Modes of Transportation; Various Road Traffic Signs, Causes of Accidents and Road Safety Measures.
Chapter 6
Environmental Engineering: Environmental Pollution, Environmental Acts and Regulations, Functional Concepts of Ecology, Basics of Species, Biodiversity, Ecosystem, Hydrological Cycle; Chemical Cycles: Carbon, Nitrogen & Phosphorus; Energy Flow in Ecosystems.
Water Pollution: Water Quality standards, Introduction to Treatment & Disposal of Waste Water. Reuse and Saving of Water, Rain Water Harvesting. Solid Waste Management: Classification of Solid Waste, Collection, Transportation and Disposal of Solid. Recycling of Solid Waste: Energy Recovery, Sanitary Landfill, On-Site Sanitation. Air & Noise Pollution: Primary and Secondary air pollutants, Harmful effects of Air Pollution, Control of Air Pollution. . Noise Pollution Harmful Effects of noise pollution, control of noise pollution, Global warming & Climate Change, Ozone depletion, Greenhouse effect
Text Books:
1. Palancharmy, Basic Civil Engineering, McGraw Hill publishers.
2. Satheesh Gopi, Basic Civil Engineering, Pearson Publishers.
3. Ketki Rangwala Dalal, Essentials of Civil Engineering, Charotar Publishing House.
4. BCP, Surveying volume 1
A workshop hosted by the South African Journal of Science aimed at postgraduate students and early career researchers with little or no experience in writing and publishing journal articles.
How to Manage Your Lost Opportunities in Odoo 17 CRMCeline George
Odoo 17 CRM allows us to track why we lose sales opportunities with "Lost Reasons." This helps analyze our sales process and identify areas for improvement. Here's how to configure lost reasons in Odoo 17 CRM
Leveraging Generative AI to Drive Nonprofit InnovationTechSoup
In this webinar, participants learned how to utilize Generative AI to streamline operations and elevate member engagement. Amazon Web Service experts provided a customer specific use cases and dived into low/no-code tools that are quick and easy to deploy through Amazon Web Service (AWS.)
How to Fix the Import Error in the Odoo 17Celine George
An import error occurs when a program fails to import a module or library, disrupting its execution. In languages like Python, this issue arises when the specified module cannot be found or accessed, hindering the program's functionality. Resolving import errors is crucial for maintaining smooth software operation and uninterrupted development processes.
1. SRI KRISHNA COLLEGE OF TECHNOLOGY
SCHOOL OF MANAGEMENT
22PMBE001 – INVESTMENT ANALYSIS
AND PORTFOLIO MANAGEMENT
Mr. SARAVANAN
ASSISTANT PROFESSOR
2.
3. 1.1: Investment
• Investment is the employment of funds on assets with the aim of
earning income or capital appreciation.
• Commitment of funds made in the expectation of some positive rate
of return.
Investment has two attributes namely time and risk.
• Possibility of variation in the actual return is known as investment
risk.
• Financial investment is the allocation of money to assets that are
expected to yield some gain over a period of time. It is an exchange
of financial claims such as stocks and bonds for money. They are
expected to yield returns and experience capital growth over the
years.
Safety for principal
Return
Risk
4. Financial and Economic Meaning
Financial Meaning: Investment is the commitment of a person’s
funds to derive future income in the form of interest, dividend,
premiums, pension benefits or appreciation in the value of their
capital. (Financial Assets)
Economic Meaning: Investment means the net additions to the
economy’s capital stock which consists of goods and services
that are used in the production of other goods and services.
6. Characteristics
• Return – form of yield plus capital appreciation.
• Risk – Possibility of variation in the actual return.
• Safety – Return of capital without loss of money or
time.
• Liquidity – Easily saleable or marketable.
7. Objectives
• Maximization of Return
• Minimization of Risk
• Hedge against Inflation
Low Risk – Government Securities
Medium Risk – Debentures & Preference Shares
High Risk – Equity Shares
9. 1.2: Securities Market
• 1602 - The Dutch East India company - Amsterdam Stock
Exchange.
• Stock – Stock is a part ownership of company
• It provides a share of the company in return for the capital
invested.
For example, if a company has a total of 1,00,000 shares and you
buy 1 share of the company, you have 1/1,00,000th ownership of the
company.
10. Stock Exchange
• A stock exchange is a market where the exchange of stocks and
other financial instruments are facilitated.
• The exchange provides services to stock brokers and traders to
buy or sell stocks
• Companies who are interested to generate capital from the public
get listed on the stock exchange.
• The companies have to fulfill the documentation and fee
requirements to get listed in the exchange so that their shares are
available to the general public to buy and sell.
• Most of the trading in the Stock Markets of India takes place
through its two main stock exchanges: the National stock
exchange (NSE) and Bombay stock exchange (BSE)
11. Types of stock market
a. Primary Market
• This is where companies issue their securities for the first time. It is the place
where the securities are created and the initial public offering (IPO) of the
company is made available to the people for the first time.
• The company has to adhere to the guidelines and procedures laid by the
exchange and the Regulatory body, i.e. the Securities Exchange Board of
India (SEBI)
12. Types of stock market
b. Secondary market
• The is what people usually refer to when they talk about the markets or “Stock
Markets”. It is the electronic platform where the buying and selling of shares and
other financial instruments takes place.
• An important feature of the secondary market is that the investors trade
amongst themselves.
• This means that if you are buying 1000 shares of ITC, some other investor is
selling 1000 shares of ITC.
13. How the stock market works?
• Open electronic limit order book – Trading
• The best buy orders are matched with the best sell orders and are
given priority on the basis of Time, Price and Quantity.
• The orders from retail investors have to be placed to their brokers
who act as a middlemen in the exchange and facilitate the trades.
14. Settlement cycle and Trading hours
• The Equity spot markets in India follows a T + 2 rolling settlement
cycle.
• This means that a trade taking place on a tuesday gets settled on
thursday.
• All the trading in the Indian Stock Exchanges in the equity and
derivatives segment takes place between 9.15 A.M. to 3.30 P.M.
The Currency Derivatives segment is open from 9.00 P.M.to 5.00
P.M.
15. Stock market indices
• An Index is a the basket of securities of an exchange which
measures the value of a section of the stock market. It is like a
barometer to measure the economic health of the country.
• The prominent Indices of the Indian Stock Market are the Sensex
and the Nifty. The Nifty is the index of the National Stock
Exchange (NSE). It consists of 50 shares listed on the NSE.
• It represents about 62% of its free-float market capitalisation.
• It was created in the year 1996 and contains the time series data
from July 1990 onwards.
• On the other hand, the Sensex is the index of the Bombay Stock
Exchange (BSE). It includes 30 stocks and represents about 45%
of its free-float market capitalisation.
16. Trading and Operational Mechanism
of stock Exchange
• About BSE (Bombay Stock Exchange)
• BSE is the oldest stock exchange of Asia established way back in 1875
and is located in the Dalal Street, Mumbai. Some of the features of BSE
are as follows:
• Till 2016 BSE had a market Capitalization of INR. 154.01 Lakh crore
• It has 5,749 listing of companies ranging from small capitalization to large
capitalization companies.
• It is also called as BSE 30 or simply SENSEX
• It is the 12th largest stock exchange in the world and claims to be the
fastest stock exchange in the world with a median trading speed of 6
micro seconds.
17. National Stock Exchange
• NSE is the most influential stock exchange in India, the reason
being that it provides derivatives trading apart from the normal
shares trading. Salient features of NSE are as follows:
• NSE has a market Capitalization of more than US$1.41 trillion.
• It is the 10th largest Stock Exchange in India.
• It is also called as NSE 50 or Nifty.
• It provides trading in equity, derivatives and debt.
18. Mechanism of Trading
• In order to induce more transparency and efficiency in the trading
system, NSE and BSE introduced nationwide online fully
automated “Screen Based Trading System”. The trading platform
used by BSE is called BOLT-Bombay Online Trading. The order of
investors is placed on the basis of time and price basis.
• Recently BSE has launched new software for trading called BEST
(BSE Electronic Smart Trader). It can be downloaded directly from
Android play store and an investor can enjoy zero transaction
charges for 6 months on cross currency derivatives.
19. Mechanism
1. Find a broker
2. Opening account with broker
3. Placing the order
4. Execution of the order
5. Preparation of contract notes
6. Contract settlement
23. Types of order
• Buy order
• Sell order
• Limit order
• Stop loss order
• Fixed price order
• Market order
• Discretionary order
• Cancel order
• Day order
• Good till day order
25. Depositories
• Depository participants work as an intermediary between listed
companies and shareholders.
• The securities exchange of India is responsible for the registration,
regulation and inspection of the depository.
• Two depositories in India
a. NSDL (National Securities Depositories Limited)
b. CDSL (Central Depositories Services Limited)
26. Structure of Stock market
• SEBI
• NSE and BSE
• Depository of NSE (NSDL) and BSE (CDSL)
• Depository participants (DP)
• Client or investors
27. Cont..
• Depository Participant (DP) is described as an Agent (law) of the
depository. They are the intermediaries between the depository
and the investors. The relationship between the DPs and the
depository is governed by an agreement made between the two
under the Depositories Act.
• A DP is an entity who is registered as Depository Participant with
SEBI under the sub section 1A of Section 12 of the SEBI’s Act. As
per the provisions of this Act, a DP can offer depository-related
services only after obtaining a certificate of registration from SEBI.
28. CDSL and NSDL
• Central Depositories Services India Ltd. (CDSL) and National
Securities Depository Ltd. (NSDL) are both government registered
share depositories in India.
• Share depositories hold shares in an electronic form.
• In earlier days where share trading was available only in offline
modes, shares were held in the form of physical paper certificates.
• CDSL and NSDL are to shares what banks are to cash and fixed
deposits. Banks help you to keep your cash in electronic form as
opposed to physical cash in your almirahs and share depositories
help you in storing shares in a dematerialised form.
• NSDL is the depository for NSE and CDSL is BSE’s depository.
CDSL was established in 1999 and NSDL was established in
1996.
29. Difference
• Stock exchange
• Promoters (NSDL-UTI, NSE and IDBI bank; CDSL-BSE)
• Establishment years (CDSL- 1999; NSDL- 1996)
• Demat account number format (CDSL-16 numeric digits; NSDL-14
numeric and 2 alpha numeric)
• Number of Depository participants registered CDSL-592; NSDL-
278 DP)
30. How do depository work
• Depository interacts with its clients or investors through its agents, called
Depository Participants normally known as DPs.
• For any investor or client, to avail the services provided by the Depository,
has to open Depository account, known as Demat A/c, with any of the DPs.
• Demat account
• A Demat account or dematerialised account converts the shares from the
paper form into an electronic form. They are similar to pass books offered
by the banks where you have opened an account. You can easily buy or
sell shares of different companies using your Demat account. All the
transactions are entered into it akin to the bank passbook.
32. Dematerialization Process
1. Filling of demat request form and giving physical share
certificates to the depository participant
2. DP contacts the Depository and updates them about the request
of the investor.
3. DP submits all these documents to the Registrar of the
concerned issuer company.
4. Registrar confirms the request.
5. Registrar dematerialises the certificates and documents.
6. Registrar after having done the updation of certificates informs
the Depository.
7. Depository does updation of its accounts and informs DP.
8. Finally demat account is updated by the DP
33. Advantages of trading through a
demat account
• A Demat Account promises security in transactions, timely delivery
of shares, reduced fraudulent transactions.
• As the paper use is limited in the process so costs associated are
reduced greatly and the cost per transaction is also lowered than
physical trading.
• The process has provided mobility and ease of working from
anywhere.
• In addition investors can invest in IPO’s, ETF’s of gold and carry
out trading at huge volumes that was not possible earlier.
34. Risk and Return
• Download historical stock price of Infosys, TCS, Wipro for last
three years (from Jan 2018 till Jan 2021). Find out risk and return
using spreadsheet
35. The actual return he receives from a stock may vary from his expected
return and the risk is expressed in terms of variability of return.
Risk consists of two components, the systematic risk and unsystematic
risk.
The systematic risk is caused by factors external to the particular
company and the uncontrollable by the company. The systematic risk
affects the market as a whole.
In the case of unsystematic risk the factors are specific, unique and
related to the particular company or industry.
RISK
37. a. Holding period return – It is also called as one
period rate of return. This holding period return
can be calculated daily or monthly or annually.
HPR=Price gain or loss + Coupon interest rate
Price at the beginning
HPR=(100+100)/900=0.22 or 22%
An investor Rajesh purchased a bond at a price of
Rs.900 with Rs.100 as coupon payment and sold it
at Rs.1000. What is his holding period return?
Bond Return
38. Yield to maturity is the rate of return, which an investor
can expect to earn if the bond is held till maturity.
Y= C+(P or D/Years to maturity)
(P0+F)/2
Y=Yield to maturity
C=Coupon interest rate
P or D = Premium or Discount
P0= Present Value
F = Face Value
b. Yield to Maturity
39. Standard Deviation
• Tool for assessing risk associated with particular investment
• It tells you how much the fund's return can deviate from the
historical mean return of the scheme. The higher the SD, higher
will be the fluctuations in the returns.
40. Practice problem
• Assume that there is a bond on the market
priced at Rs.850 and with face value of
Rs.1000. Coupon rate is Rs.150, the bond
will reach maturity in 7 years. Calculate
Yield till maturity of the bond
• Y= C+(F-P0)/Years to maturity)
• (P0+F)/2
• Y=Yield to maturity
• C=Coupon interest rate
• P or D = Premium or Discount
• P0= Present Value
• F = Face Value
=150+(150)/7
(1000+850)/2
=0.185 or 18.5%
41. Stock return includes both current income and capital gain
caused by the appreciation of the price.
The income and capital gain are expressed as a percentage
of money invested in the beginning.
Capital Gain is the difference between buying and selling
price
Stock Return
42. Practice problem
• Suppose you bought 100 shares of India cements company at the
rate of Rs.225. Par value of each share is Rs.10
• Total investment =100*225=rs.22500
• During the year, India cements company paid dividend at 25%.
• Dividend per share at par value =0.25*10=Rs.2.50
• Dividend=(Dividend rate*Par value)* Number of shares
Dividend income=2.50*100=Rs.250
Suppose the price of the share at the end of the year is Rs.267.50
Capital gain=(selling price –Purchase price)* No. of shares
Capital gain=(267.50-225)*100=Rs.4250
Total return =Dividend income + Capital gain=250+4250=Rs.4500
43. Assume investor purchase 60 shares of GALEXO Smithkline. If
share price on April 23rd 2020 was Rs.1448.50 and 23/4/2021 price
is Rs.1466.35. Dividend of this company is Rs.20 per share. What
is the rate of return?
Dividend per share Rs.20
Dividend income=20*60=Rs.1200
Capital gain=(SP-PP)*No. of shares=(1466.35-
1448.50)*60=Rs.1071
Total Gain =1200+1071=Rs.2271
Rate of return=Total gain / cost per
share=2271/1448.50=1.5678=156.78%
44. • Impact of corporate action announcement on stock price of XYZ Ltd.
• Calculate risk and return before announcement
• Calculate risk and return after announcement
• Find out the impact
• Select 5 or 10 companies from BSE or NSE
• Corporate action announcement
Dividend
Stock split (No. of shares will be increased and price of the share will
be decreased)
Merger or acquisition
Right issue – Company going to issue the shares to the existing
shareholders based on the proportion of their investment
46. Return Probability P * R
10% 0.1 =0.1*0.1=0.01
11% 0.2 =0.11*0.2=0.022
12% 0.4 =0.12*0.4=0.048
13% 0.2 =0.13*0.2=0.026
14% 0.1 =0.14*0.1=0.014
Expected Return =0.12 or 12%
Find out the expected rate of return
47. Other forms of return
• Relative return
It is the difference between absolute return achieved by the
investment and the return achieved by the benchmark.
• Inflation adjusted return
- Also called real rate of return
- Inflation-adjusted return reveals the return on investment after
removing the effects of inflation.
- Inflation adjusted return=[(1+Return)/(1+inflation rate)]-1
48. Types of securities
• A security is a financial instrument, typically any financial asset that
can be traded.
a. Equity securities
b. Debt securities
c. Derivatives
49. Equity securities
• Equity almost always refers to stocks and a share of ownership in
a company (which is possessed by the shareholder).
• Equity securities usually generate regular earnings for
shareholders in the form of dividends. An equity security does,
however, rise and fall in value in accord with the financial markets
and the company’s fortunes.
50. Debt securities
• Debt securities differ from equity securities in an important way; they
involve borrowed money and the selling of a security. They are issued by
an individual, company, or government and sold to another party for a
certain amount, with a promise of repayment plus interest.
• They include a fixed amount (that must be repaid), a specified rate of
interest, and a maturity date (the date when the total amount of the
security must be paid by).
• Bonds, promissory notes), and treasury bills are all examples of debt
securities. They all are agreements made between two parties for an
amount to be borrowed and paid back – with interest – at a previously-
established time.
51. Derivatives
• Security value is based on an underlying asset that is then
purchased and repaid, with the price, interest, and maturity date all
specified at the time of the initial transaction.
• The individual selling the derivative doesn’t need to own the
underlying asset outright. The seller can simply pay the buyer back
with enough cash to purchase the underlying asset or by offering
another derivative that satisfies the debt owed on the first.
• A derivative often derives its value from commodities such as gas
or precious metals such as gold and silver. Currencies are another
underlying asset a derivative can be structured on, as well as
interest rates, Treasury notes, bonds, and stocks.
52. Capital Asset pricing Model
• Capital asset pricing model or CAPM is a specialised model used
in business finance to determine the relationship between the
expected dividends and the risk associated with investing in
particular equity.
• Assessing the capital asset pricing model requires a proper
understanding of systematic and unsystematic risks.
• CAPM deals with systematic risks
53. CAPM formula
CAPM formula is given by
• Ra = Rf + Be x (Rm – Rf)
The different factors of this equation are –
• Ra = Expected dividend from investment
• Rf = Risk-free rate
• Be = Beta factor of the underlying transaction
• (Rm – Rf) = Current market risk premium
54. Beta
• Risk associated with investment is lower than present condition
Beta<1
Risk equals to market condition Beta=1
Risk exceeds market condition Beta>1
Beta helps to identify volatility or risk
Standard deviation – Identify risk of individual security
Beta – Risk of security with reference to market risk
55. Problem for discussion
• Investor wants to buy the share Rs.367, annual return 4%, beta factor
1.1; risk free premium 3%, market appreciation 7% annually. Find out
expected dividend
Ra=Rf+B(Rm-Rf)
Rf=4%; B=1.1; Rm-7%; Rf(risk premium)-3%
=0.04+1.1(0.07-0.03)
Ra=0.084 or 8.4%
Buy the stock Rs.500, annual rate of return 8%; beta 0.8; risk free rate
5%; market appreciation 8%. Find out the expected rate of return
Ra=Rf+B(Rm-Rf)
Rf=0.08; B=0.8; Rm=0.08; Rf(risk premium)=0.05
Ra=0.08+0.8(0.08-0.05)=0.104 or 10.4%
57. Introduction
• Security Analysis Examining the risk-return
characteristics of individual securities. Fundamental
Analysis and technical Analysis.
• Portfolio Management : Investment in Group of
Securities and optimally combining securities into
portfolios.
58. Investment - Meaning
Investment is the employment of funds on
assets with the aim of earning income or capital
appreciation.
Commitment of funds made in the expectation
of some positive rate of return.
Investment has two attributes namely time and
risk.
Possibility of variation in the actual return is
known as investment risk.
Financial investment is the allocation of money
to assets that are expected to yield some gain
over a period of time. It is an exchange of
financial claims such as stocks and bonds for
59. Decision process
• Identify the problem
• Gather relevant information
• Develop as many alternatives as possible
• Analyse and select the best alternatives
• Implement the selected alternatives
• Follow up of results
61. Financial and Economic Meaning
Financial Meaning: Investment is the commitment of a person’s
funds to derive future income in the form of interest, dividend,
premiums, pension benefits or appreciation in the value of their
capital. (Financial Assets)
Economic Meaning: Investment means the net additions to the
economy’s capital stock which consists of goods and services
that are used in the production of other goods and services.
63. Characteristics
• Return – form of yield plus capital appreciation.
• Risk – Possibility of variation in the actual return.
• Safety – Return of capital without loss of money or
time.
• Liquidity – Easily saleable or marketable.
64. Objectives
• Maximization of Return
• Minimization of Risk
• Hedge against Inflation
Low Risk – Government Securities
Medium Risk – Debentures & Preference Shares
High Risk – Equity Shares
65. Types of Investors
Investors may be individuals and institutions.
Individual investors operate alongside institutional
investors in the investment arena.
Their characteristics are different.
Individual investors are large in numbers but their
investable resources are comparatively smaller.
There are two types of investors, retail investors
and institutional investors:
66. Institutional investor
Venture capital and private equity funds, which serve as investment
collectives on behalf of individuals, companies, pension plans,
insurance reserves, or other funds.
Businesses that make investments, either directly or via a captive fund
Investment trusts, including real estate investment trusts
Mutual funds, hedge funds, and other funds, ownership of which may
or may not be publicly traded (these funds typically pool money raised
from their owner-subscribers to invest in securities)
Sovereign wealth funds
67. Investment Alternatives
The problem of surplus gives rise to the question of where to
invest.
In the past, investment avenues were limited to real assets,
scheme of the post office and banks.
At present, a wide variety of investment avenues are open to the
investors to suit their needs and nature.
A knowledge about the different avenues enables the investors to
choose investment intelligently.
The required level of return and the risk tolerance level decide the
choice of the investor.
68.
69. The investment alternatives ranges from financial securities to
non-security investments.
i) Negotiable securities
ii) Non- negotiable securities
iii) Mutual funds
iv) Real assets
70. Choice and Evaluation
Investment evaluation techniques. They can be distinguished into
two groups
Static Method: They focus especially on monitoring of cash benefits.
They don’t include a risk factor and take the time into account only
in a limited extent.
Dynamic Method: They take into account the time and risk factor
71. Risk
The actual return he receives from a stock may vary from his
expected return and the risk is expressed in terms of variability of
return.
Risk consists of two components, the systematic risk and
unsystematic risk.
The systematic risk is caused by factors external to the particular
company and the uncontrollable by the company.
The systematic risk affects the market as a whole. In the case of
unsystematic risk the factors are specific, unique and related to
the particular company or industry.
72. Risk
Systematic risk
Market risk
Interest rate risk
Purchasing power risk
Unsystematic risk
Business risk
Internal
business risk
External
business risk
Financial risk
73. UNIT 1
Investment -Meaning, Nature and Scope
Decision Process
Financial and Economic Meaning
Characteristics and Objectives
Types of Investors
Investment Alternatives
Choice and Evaluation
Risk and Return Concepts