Portfolio Selection and Investment

Contents: Foreword. Preface. 1. Introduction. 2. Studies on portfolio selection and investment and methodology. 3. Trends and developments in Indian security market. 4. Portfolio optimisation through Markowitz approach. 5. Portfolio optimisation through Sharpe's single index model. 6. Relationship between stock prices and corporate fundamentals. 7. Conclusions. Appendices. Bibliography. Index.

"To benefit retail and institutional investors, fund managers, researchers and students, the book examines the applicability of Markowitz's mean variance theory and Sharpe's single index model in the Indian security market. It also presents the explanatory variables affecting the market price of shares. The book is divided into seven chapters. While the first chapter is introductory, the second chapter reviews the relevant literature and describes the research methodology used. The third chapter presents the trends and developments in the  Indian security market. The fourth chapter is devoted to construction of optimal portfolios using Markowitz's mean variance model and their evaluation using risk-adjusted measures. The fifth chapter deals with the construction of optimal portfolios using Sharpe's model and their evaluation using risk adjusted measures. The sixth chapter presents the impact of corporate financial variables on stock prices and the last chapter provides the summary of the findings along with conclusions drawn based on them. The multifarious aspects encompassed in this book are expected to immensely add to the treasure of knowledge of all those who have an aptitude for investment management in particular and discipline of finance in general." (jacket)