The document provides an overview of investment management concepts including the meaning of investment, objectives of investment, and financial markets. It defines investment as committing funds with the expectation of a positive return in the future. The objectives of investment are outlined as maximizing return, minimizing risk, and hedging against inflation. Different types of financial markets are also introduced such as the primary market, stock exchanges, and their functions in facilitating investment activities.

1. INVESTMENT MANAGEMENT
Module-1

2. Module-1
• Learning
objectives:
• Meaning of
Investment
• Definition of
Investment
• Objectives of
Investment
• Types of Investment
• Securities Market
• Primary Market(NIM)
• Book building
• Private placement
• Organized stock
exchanges
• Functions of stock
exchanges
• Listing of securities
• Trading & operational
mechanism of stock
exchanges
• Settlement and

6. Meaning of Investment
• Investment is putting money into something
with the expectation that it will generate
income or the value will appreciate in future or
profit.

7. Definition of Investment
• “Commitment of funds made in the expectation
of some positive rate of return”
• Investment is the employment of funds with the
aim of achieving additional income or growth in
value.
• Expectation of return is an essential element of
investment.

8. Meaning of Investment
• It involves the commitment of resources
which have been saved or put away from
current consumption in the hope some
benefits will accrue in future.
• Investment involves long term commitment of
funds and waiting for a reward in the future.

9. Meaning of Investment
Financial Meaning:
Investment is the commitment of a person’s
funds to derive future income in the form of
interest,divident,premiums,pension or
appreciation in the value of their capital.

10. Meaning of Investment
Economic meaning:
• 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.

11. Financial Meaning of Investment
• Financial investment involves of funds in
various assets, such as Stock, Bond, Real
Estate, Mortgages etc.

12. Characteristics of Investment
• Return
• Risk
• Safety
• Liquidity

13. Objectives of investment
• 1.Maximisation of return
• 2.Minimisation of risk
• 3.Hedge against inflation

14. Investment Vs Speculation

15. Investment Vs Speculation

27. Financial markets