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Abstract
It is well known fact that the objective of portfolio management is to maximize returns and minimize risk through distribution of allocated fund in different securities. Portfolio Managers adopt different strategies to achieve their desired level of return and generate return higher than market index return. In the recent era, the concept of core and satellite portfolio management has emerged under which a part of the fund remain invested in securities offering steady returns with low level of beta and remaining part is used for investment in sectoral index which remain in focus for a certain period of time.