Personal Finance-101

This certification program is designed for all the students who aspire to have the basic understanding about finance and various aspects of financial services including banking, securities, insurance and pension. Basic understanding of Finance is considered one of the most vital skill to be acquired by any candidates. It can enhance the employability of the students by many fold. This Certification program also aims those students who wishes to have better understanding of finance so that they can make better invest decisions and manage their personal finance in a better way.

It seeks to ensure a basic understanding of the various aspects of an individual’s and/or a household’s financial planning by enhancing their financial literacy. This Certification course covers key concepts in financial literacy, various investment options, savings and investment products, insurance and pension, retirement planning, stock market, caution against Ponzi schemes, tax savings options, investor protection and investor grievance redressal.

On successful completion of the certification course , the candidate should:

• • Know the key concepts of one’s financial life

  • Understand the concept of financial planning and the steps involved

  • Understand the importance of saving and budgeting and the power of compounding

  • Familiarize with various investment options and saving and investment products

  • Familiarize with Stock Markets and Mutual Funds

  • Understand the concept and need of Insurance and various types of Insurance

  • Understand the need for retirement planning and salient features of various pension products

  • Be aware of various government schemes available for saving, investment, insurance and pension needs

  • Be aware of Ponzi schemes and financial frauds

  • Know the Investor Grievance Redressal mechanisms developed by the financial sector regulators for investor protection

  • Can clear the certification Financial Education Certification examination of NISM which will add a lot of value and help in advancement of career.

Today’s employees need to be more financially aware more so than ever before. Even if they do not have to manage budgets or finances themselves as part of their role they still need to understand about the financials of a company, what it all means and the impact of their actions on the bottom line. This Certification course will provide the basic financial knowledge and literacy in various fields.

The methodology throughout this course will be a blend of key theoretical concepts and practical aspects of it. The training flow will have an interactive session based on real-life example.

12th Pass

GUNI Process

Assessment will be based on assignments and practical test which will be conducted at the end of this course.

NISM Exam Procedure:

The NISM-Series-XVIII: Financial Education Certification Examination will be a 50 marks examination to be completed in 2 hours. It will have 50 questions of 1 mark each. There will be no negative marking. The passing score for the examination is 50% (i.e., 25 marks out of total marks of 50).

1. Introduction to financial terminologies

2. Key concepts in personal finance

3. Financial Planning and Budgeting session 1

4. Financial Planning and budgeting session2

5. Different avenues in saving products session1

6. Different avenues in saving products session 2

7. Mutual fund as an investment avenue session 1

8. Mutual fund as an investment avenue session 2

9. Borrowing related products session 1

10. Borrowing related products session 2

11. Pension, retirement and estate planning session1

12. Pension, retirement and estate planning session2

13. Insurance related products session 1

14. Insurance related products session 2

15. Revision and test

16. Introduction to security market

17. Primary market as an investment avenue

18. IPO : Process and benefit

19. Introduction to investing in the secondary market

20. Busting the myths about stock market

21. Ponzi Schemes and stock market Schemes

22. Do’s and Don’ts of the security market/Investments

23. Derivatives: as an hedging and investment avenue session1

24. Derivatives: as an hedging and investment avenue session2

25. Tax planning session 1

26. Tax planning: tax saving schemes session 2

27. Grievance redressal System

28. Grievance redressal Agencies

29. Introduction to SEBI/NISM and the module of Financial Education

30. Revision and Test

PROGRAM TITLE: Personal Finance-101

SHORT CODE : PF-101

DURATION : 30 hours

COURSE FEE : Rs. 1000+ Examination fees (1416+GST) * Interested students can enroll themselves directly in the NISM website and appear in the exam

LOCATION : Online

LECTURE TIMING: 7 P.M to 8:30 P.M (Monday to Friday)

RESOURCE PERSON(S) : Dr. Mitali Baruah & Dr. Mittal Dattani