A Study on Determinants of Risk and Return of Security Analysis and Portfolio Management

The security has inclusive of shares, scripts, bonds, debenture stock or any other marketable securities of like nature in or of any debentures of a company or body corporate, the government and semi government body etc. In the strict sense of the word, a security is an instrument of promissory note or a method of borrowing or lending or a source of contributing to the funds need by a corporate body or non-corporate body, private security for example is also a security as it is a promissory note of an individual or firm and gives rise to claim on money. But such private securities of private companies or promissory notes of individuals, partnership or firm to the intent that their marketability is poor or nil, are not part of the capital market and do not constitute part of the security analysis. Portfolio is the collection of financial or real assets such as equity shares, debentures, bonds, treasury bills and property etc. portfolio is a combination of assets or it consists of collection of securities. These holdings are the result of individual preferences, decisions of the holders regarding risk, return and a host of other considerations.