Course

Unit I

Basics of Personal Financial Planning, Time Value of Money, Planning tax strategies

Unit II

Introduction to Consumer Credit, sources of credit, Consumer Purchasing, strategies for housingdecisions.

Unit III

Insurance: types, selecting the right insurance policy, property and motor vehicle insurance, healthinsurance policies, Retirement Planning, NPS.

Unit IV

Investing fundamentals, investing in shares, bonds and mutual funds, investment in gold and realestate.

Unit V

Investing in Schemes of Government: National Savings Certificates, KVP, Post Office RecurringDeposits and term deposits, PPF.

To analyse the process of making personal financial decisions, develop personal financial goals and identity the strategies for their achievement.

REFERENCE TEXTS:

1. Jeff Madura – Personal Finance, Pearson Education
2. Manish Chauhan – 16 Personal Finance Principles every Investor should know, Network18 Publishers Jack R Kapoor, Les R Dlabey – Personal Finance, McGraw Hill