Security analysis & portfolio management (cs professional)
This query is : Resolved
30 July 2013
need notes security analysis & portfolio management (FTFM) (CS PROFESSIONAL LEVEL) I try Understand this chapter but can not & try find notes bt did not get. Any one have good note on this chapter plz share here. CA/CS/ICWA place do one favore make note plz post here..
02 August 2013
Generally the study material as provided to you by your institute is sufficient and it is very easy to understand but now as you are unable to understand the same then it is difficult to provide you the same at this platform, it is better you consult some of your friends and do the joint study it will help you in better understanding the subject matter.
13 August 2013
C A S.S.Agarwal:
1st of al thnkz for proveding your valuable tym to my post and ur advise.
Material provide by icsi dnt xplain in detail and not xamples are much provided. Only 3-4 in every chapter..
Thats not suffient to under al aspect.. Seen past paper nd which they asked in it not contain such xample in study material.. For this CA moduals are gud but depth of ca is more compare it.
At last i have to consult wth my sir.
My best try is to understand all 1st thn approch to sir. In executive i did same.
1st of al thnkz for proveding your valuable tym to my post and ur advise.
Material provide by icsi dnt xplain in detail and not xamples are much provided. Only 3-4 in every chapter..
Thats not suffient to under al aspect.. Seen past paper nd which they asked in it not contain such xample in study material.. For this CA moduals are gud but depth of ca is more compare it.
At last i have to consult wth my sir.
My best try is to understand all 1st thn approch to sir. In executive i did same.
23 July 2025
You're absolutely right in wanting better clarity and deeper resources for **Security Analysis & Portfolio Management (SAPM)**, especially at the **CS Professional Level (FTFM module)**. The ICSI study material often provides only a framework, but lacks detailed **examples**, **real-life applications**, and **problem-solving approaches**, which are crucial for this subject.
---
### 📘 Suggested Study Structure & Notes Overview:
Here’s a suggested breakdown of **SAPM topics** you should focus on, along with tips on how to study each:
---
#### 1. **Introduction to Investment and Securities Market**
* Nature and scope of investment
* Types of investors
* Primary & secondary markets
* Role of SEBI
✅ **Tip:** Use NSE/BSE websites to get live data of IPOs and listed companies to understand primary vs. secondary markets.
---
#### 2. **Risk and Return Analysis**
* Types of risks: systematic, unsystematic
* Return calculation: absolute, CAGR
* Risk measures: standard deviation, beta, alpha, Sharpe ratio
✅ **Study Hack:** Use Excel to calculate standard deviation, beta using historical stock data (download from Yahoo Finance or Moneycontrol).
---
#### 3. **Valuation of Securities**
* Equity valuation: DDM (Dividend Discount Model), PE Ratio
* Bond valuation: Present Value, YTM
* Preference shares valuation
✅ **Example Needed:** Use simple real-life company data (e.g., Reliance, HDFC) to apply DDM or bond valuation formulae.
---
#### 4. **Fundamental Analysis**
* Economy analysis (GDP, inflation, interest rates)
* Industry analysis (Porter’s 5 Forces)
* Company analysis (financials, ratios)
✅ **Best Source:** Use Screener.in or annual reports to do real company analysis.
---
#### 5. **Technical Analysis**
* Chart patterns (head and shoulders, double top)
* Indicators (RSI, MACD, moving averages)
* Dow Theory
✅ **Visual Aid:** Use free tools like TradingView to observe charts and patterns.
---
#### 6. **Portfolio Management**
* Portfolio construction: diversification, asset allocation
* Modern Portfolio Theory: Markowitz, efficient frontier
* CAPM model: Required rate of return, Beta
* APT model
✅ **Formula Mastery:** Focus on the **CAPM formula:**
`Expected Return = Risk-Free Rate + Beta × (Market Return - Risk-Free Rate)`
---
#### 7. **Performance Evaluation**
* Sharpe Ratio
* Treynor Ratio
* Jensen’s Alpha
✅ **Practical Practice:** Try comparing mutual fund performance using these ratios (visit sites like Value Research Online).
---
### 📚 Recommended Resources:
1. **Book:** *Security Analysis and Portfolio Management* by **Punithavathy Pandian** – easy language and practical examples
2. **YouTube:** Channels like CA N Raja, Study at Home, or Sahil Arora CS tutorials
3. **CS Notes Telegram Groups:** Search for “CS Professional FTFM notes” groups
4. **PDF Notes:**
* Search for “FTFM CS Professional notes pdf filetype\:pdf” on Google
* Visit [www.cakart.in](http://www.cakart.in) or [www.csnotesinfo.com](http://www.csnotesinfo.com)
---
### 🧠 Final Tip:
If you're struggling, **focus on concept building before problem-solving**. Topics like **CAPM, Risk-Return, and Valuation** are foundational. Once those are clear, portfolio theory becomes easier.
If you want, I can also help you prepare **custom notes or summaries** topic-wise. Just let me know what you'd like first!
Would you like me to prepare a sample note on a topic like **CAPM** or **Risk Analysis**?
---
### 📘 Suggested Study Structure & Notes Overview:
Here’s a suggested breakdown of **SAPM topics** you should focus on, along with tips on how to study each:
---
#### 1. **Introduction to Investment and Securities Market**
* Nature and scope of investment
* Types of investors
* Primary & secondary markets
* Role of SEBI
✅ **Tip:** Use NSE/BSE websites to get live data of IPOs and listed companies to understand primary vs. secondary markets.
---
#### 2. **Risk and Return Analysis**
* Types of risks: systematic, unsystematic
* Return calculation: absolute, CAGR
* Risk measures: standard deviation, beta, alpha, Sharpe ratio
✅ **Study Hack:** Use Excel to calculate standard deviation, beta using historical stock data (download from Yahoo Finance or Moneycontrol).
---
#### 3. **Valuation of Securities**
* Equity valuation: DDM (Dividend Discount Model), PE Ratio
* Bond valuation: Present Value, YTM
* Preference shares valuation
✅ **Example Needed:** Use simple real-life company data (e.g., Reliance, HDFC) to apply DDM or bond valuation formulae.
---
#### 4. **Fundamental Analysis**
* Economy analysis (GDP, inflation, interest rates)
* Industry analysis (Porter’s 5 Forces)
* Company analysis (financials, ratios)
✅ **Best Source:** Use Screener.in or annual reports to do real company analysis.
---
#### 5. **Technical Analysis**
* Chart patterns (head and shoulders, double top)
* Indicators (RSI, MACD, moving averages)
* Dow Theory
✅ **Visual Aid:** Use free tools like TradingView to observe charts and patterns.
---
#### 6. **Portfolio Management**
* Portfolio construction: diversification, asset allocation
* Modern Portfolio Theory: Markowitz, efficient frontier
* CAPM model: Required rate of return, Beta
* APT model
✅ **Formula Mastery:** Focus on the **CAPM formula:**
`Expected Return = Risk-Free Rate + Beta × (Market Return - Risk-Free Rate)`
---
#### 7. **Performance Evaluation**
* Sharpe Ratio
* Treynor Ratio
* Jensen’s Alpha
✅ **Practical Practice:** Try comparing mutual fund performance using these ratios (visit sites like Value Research Online).
---
### 📚 Recommended Resources:
1. **Book:** *Security Analysis and Portfolio Management* by **Punithavathy Pandian** – easy language and practical examples
2. **YouTube:** Channels like CA N Raja, Study at Home, or Sahil Arora CS tutorials
3. **CS Notes Telegram Groups:** Search for “CS Professional FTFM notes” groups
4. **PDF Notes:**
* Search for “FTFM CS Professional notes pdf filetype\:pdf” on Google
* Visit [www.cakart.in](http://www.cakart.in) or [www.csnotesinfo.com](http://www.csnotesinfo.com)
---
### 🧠 Final Tip:
If you're struggling, **focus on concept building before problem-solving**. Topics like **CAPM, Risk-Return, and Valuation** are foundational. Once those are clear, portfolio theory becomes easier.
If you want, I can also help you prepare **custom notes or summaries** topic-wise. Just let me know what you'd like first!
Would you like me to prepare a sample note on a topic like **CAPM** or **Risk Analysis**?
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