Unit 1
Personal Financial Planning: Meaning and importance,objectives,Time Value of Money,compounding and present value techniques, Budgeting, meaning, importance, objectives.
| Course Name | Personal Financial Planning |
| Course Code | 24COM646 |
| Program | M. Com. (Finance & Systems) |
| Semester | Elective |
| Credits | 3 |
| Campus | Amritapuri |
Personal Financial Planning: Meaning and importance,objectives,Time Value of Money,compounding and present value techniques, Budgeting, meaning, importance, objectives.
Savings Schemes: Bank Deposits, types of bank deposits, National Savings Certificates,Kisan Vikas Patra, Post Office Term and Recurring Deposits, Public Provident Fund, smallsavingsschemesbyStateFinancialCorporationandCooperativeSocieties.
Insurance: Meaning, objective, types, Life Insurance, life insurance companies, various lifeinsurancepolicies,selectionofrightinsurancepolicy,propertyandmotorvehicleinsurance,healthinsuranceplans,mediclaim,retirementplanning,variousretirementplans.
InvestmentBasics,MeaningofShares,Debentures,BondsandMutualFunds,howtoinvest in shares, debentures and bonds, investment in mutual funds, investment in realestateandgold, portfolio selection and management.
Consumer Credit: housing and automobile buying decisions, Consumer Loans, Agriculturalcredit,ChitFunds,IntroductiontoIncomeTax,variousheadsofincome,deductionsallowedtoindividuals,planningthetaxstrategies.
Course Objective: To give an understanding on the concept of personal finance, selection of best investment options and tax implications on personal finance.
Course Outcomes
| CO1 | Awarenessregardingfinancialplanninganditsimportanceinpersonallife |
| CO2 | Familiarize with different financial Instruments |
| CO3 | Insight about long term financial planning and its effectiveness on the wealth of an investor |
| CO4 | Knowledge on equity market |
| CO5 | Identifythebestinvestmentoptionsandtaximplicationsonpersonalfinance. |
DISCLAIMER: The appearance of external links on this web site does not constitute endorsement by the School of Biotechnology/Amrita Vishwa Vidyapeetham or the information, products or services contained therein. For other than authorized activities, the Amrita Vishwa Vidyapeetham does not exercise any editorial control over the information you may find at these locations. These links are provided consistent with the stated purpose of this web site.