Personal Financial Planning
Subject Overview
Personal Financial Planning is one of the Accounting & Finance specialisation electives — shifting from corporate finance to how an individual actually plans their own money. You'll cover the financial planning process and investor profiling, investment fundamentals across banking products, insurance, equity, mutual funds and debt instruments, then personal taxation and KYC/AML regulatory guidelines, and close with real estate, retirement, and estate planning. This is a 6-credit elective paper across 4 units, directly useful whether a student pursues finance professionally or just wants to manage their own money well.
Unit-wise Syllabus
4 units — click WhatsApp below to get the full notes for each
Unit 1: Financial planning fundamentals
Time value of money, need and principles of personal financial planning, the financial planning process, personal financial statements, income and expenditure statement, balance sheet, budgeting, ratio analysis, investor life cycle and risk profiling
Unit 2: Investment fundamentals & products
Savings and investment, debt and equity, banking deposit and loan products, credit score and credit information reports, insurance products (life, health, personal accident), equity investment via NSE/BSE, demat accounts, derivatives, mutual funds, SIPs, debt market instruments
Unit 3: Personal taxation & regulatory guidelines
Introduction to personal income tax planning, tax avoidance vs. evasion vs. planning, income tax deductions, gift tax, wealth tax, KYC norms, Anti-Money Laundering standards, PAN
Unit 4: Real estate, retirement & estate planning
Real estate documentation and verification, buying vs. renting, tax implications, need and process of retirement planning, estimation of retirement expenses, estate planning tools — will and power of attorney, ethics in personal financial planning