PERSONAL FINANCE

Paper Code: 
FSG 424
Credits: 
6
Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 

Course Outcome

Learning and teaching strategies

Assessment Strategies

 
 

Upon successful completion of this course, the student will be able to:

CO 109. Examine the relevance of financial planning, time value of money & process of financial planning.

CO110Explain the concept of investment planning and its methods.

CO111.Evaluate the portfolio investment risk and return

CO112.Examine the concept of personal tax planning.

CO113.Analyze insurance planning.

CO115. Explore the retirement planning goals and examine the process of retirement planning.

Interactive Lectures, Discussion, Tutorials, Reading assignments, Demonstration

 

 

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects

 

 

18.00

Introduction to Financial Planning Financial goals, Time value of money, steps of financial planning, personal finance/loans, education loan, car loan & home loan schemes. Introduction of savings, benefits of savings, management of spending & financial discipline, Net banking and UPI, digital wallets, security and precautions against Ponzi schemes and online frauds such as phishing, credit card cloning, skimming etc. 

18.00

Investment planning Process and objectives of investment, Concept and measurement of return & risk for various assets class, Measurement of portfolio risk and return, Diversification & Portfolio formation. Real estate, financial derivatives & Commodity market in India. Mutual fund schemes including SIP.

 

18.00

Personal Tax Planning Tax Structure in India for personal taxation, Steps of Personal tax planning, Exemptions and deductions for individuals, shifting of tax, tax avoidance versus tax evasion.

 

18.00

Insurance Planning Need for Protection planning. Risk of mortality, health, disability and property.  Importance of Insurance: life and non-life insurance schemes.

18.00

Retirement Planning Retirement Planning Goals, Process of retirement planning , Pension plans available in India, Reverse mortgage, Pension Scheme 2004 and beyond

 

Essential Readings: 
  • Ajit S. Tithi, Pradip Kumar Sinha, Personal Financial Planning, Nirali Prakashan
  • Jeff Madura, Personal Finance, Pearson Education
  • Arthur J. Keown, Personal Finance, Pearson Education;
  • Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes , Melissa M. Hart, Personal Finance, McGraw Hill
  • Introduction to Financial Planning (4th Edition 2017) – Indian Institute of Banking & Finance.

 

References: 

SUGGESTED READINGS

  • Sinha, Madhu. Financial Planning: A Ready Reckoner July 2017, McGraw Hill.
  • Halan, Monika. Lets Talk Money: You've Worked Hard for It, Now Make It Work for You July 2018 Harper Business.
  • Pandit, Amar,The Only Financial Planning Book that You Will Ever Need, Network 18 Publications Ltd.

E- RESOURCES

JOURNALS

  • The Journal of Finance: Online Library Wiley
  • International Journal of Financial Studies
  • Indian Journal of Finance

 

 

Academic Year: 
2022-2023
  • Printer-friendly version
  • PDF version