Course Outcome (COs):
Course Outcome |
Learning and teaching strategies |
Assessment Strategies |
Upon successful completion of this course, the student will be able to:
|
Interactive Lectures, Discussion, Tutorials, Reading assignments, Demonstration
|
Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects |
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.
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.
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.
Insurance Planning Need for Protection planning. Risk of mortality, health, disability and property. Importance of Insurance: life and non-life insurance schemes.
Retirement Planning Retirement Planning Goals, Process of retirement planning , Pension plans available in India, Reverse mortgage, Pension Scheme 2004 and beyond
SUGGESTED READINGS
E- RESOURCES
JOURNALS