Coming soon
Basics of Personal Finance (Theory)
This course will equip students with essential knowledge in financial planning, investment fundamentals, tax planning, insurance,
retirement planning, and estate planning, enabling them to make informed and strategic financial decisions for their future.
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Course
Learning outcome (at course
level)
Learning and
Teaching Strategies
Assessment
Strategies
Course
Code Course Title
25SBFS201
Basics
of
Personal
Finance
(Theory)
CO61: Examine the significance of
financial planning as an important
aspect of decision making in
Personal finance
CO62: Acquire knowledge about
investment alternatives and
evaluate investments from the
perspective of risk and return.
CO63: Acquire knowledge about
Fundamentals of tax planning.
CO64: Evaluate and choose right
Insurance policy at right time.
CO65: Develop insights in to
Retirement planning and its
relevance along with estate
planning
CO66: Contribute effectively in
course-specific interaction
Approach in
teaching: Interactive
Lectures,
Discussion, Tutorials,
Practical cases
Demonstration, Power
point presentation.
Interactive
Lectures, Discussion,
Tutorials, Practical
cases
Demonstration,
Power point
Presentation.
Learning activities
for the students:
Self-learning
assignments, Effective
questions, Seminar
presentation, Live
practical problems
analysis
Class tests, CA
Test,
Semester end
examinations,
Quiz,
Evaluation of
student
Presentations,
Evaluation of
Individual and
group projects,
Assessment of
Project Reports
and viva voce.
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Meaning of Financial Planning, Financial goals, Steps of Financial Planning,
Time value of money (Future and Present Value)
Money Management: Components of Money Management, Budgeting for skilled money
management- Phases.
Process and objectives of investment, Factors affecting Choice of Investment
Investment Alternatives, Pension plans available in India, Sources of Investment Information
Concept and measurement of return & risk for various asset classes, Measurement of portfolio
risk and return, Diversification & Portfolio formation.
Tax structure in India, Income tax Fundamentals- Taxable income meaning, and the process to
compute taxable income.
Exemptions and deductions for individuals, tax avoidance versus tax evasion.
Meaning, Types of credit, Steps in Debt Management,
Measuring your debt capacity, Debt Cycle and its Impact on Financial Health
Consumer Credit- meaning, advantages and disadvantages of credit, types of credit- open-end
credit and closed-end credit, Credit Score- Improving credit score.
Retirement Planning- Goals, Process of retirement planning, Reverse mortgage, New Pension
Scheme- Features
Estate Planning- Need, benefits, and tools for estate planning- Power of attorney, Nomination,
Will-features, content of the will, and Trust- benefits, Difference between will and trust
1. Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes , Melissa M. Hart, Personal Finance, McGraw
Hill
2. Introduction to Financial Planning (4th Edition 2017) – Indian Institute of Banking & Finance.
3. Ajit S. Tithi, Pradip Kumar Sinha, Personal Financial Planning, Nirali Prakashan
4. Jeff Madura, Personal Finance, Pearson Education
5. Arthur J. Keown, Personal Finance, Pearson Education;
1. Sinha, Madhu. Financial Planning: A Ready Reckoner July 2017, McGraw Hill.
2. Halan, Monika. Lets Talk Money: You've Worked Hard for It, Now Make It Work for You July 2018
Harper Business.
3. Pandit, Amar,The Only Financial Planning Book that You Will Ever Need, Network 18 Publications
Ltd.
E- RESOURCES
1. Book:https://resources.saylor.org/wwwresources/archived/site/textbooks/Person...
2. df https://www.makeuseof.com/tag/10-helpful-spreadsheet-templates-help-mana...
3. https://www.ngpf.org/activities/
4. https://2012books.lardbucket.org/pdfs/individual-finance.pdf
5. https://ncert.nic.in/dess/pdf/finance_reading_mate.pdf
JOURNALS
1. The Journal of Finance: Online Library Wiley
2. International Journal of Financial Studies
3. Indian Journal of Finance
