ABOUT THE COURSE:This course “Finance for Everyone” will enable the learners to equip them with the basic skills to become financially sound and achieve financial independence. The subject plays a vital role in equipping everyone with the skills to handle their income and expenses effectively and ensuring financial stability. Financially literate individuals are better prepared to handle unexpected expenses such as medical emergencies, job loss, or other crises through proper savings and insurance planning.This course is designed to increase the awareness about various investment options (like mutual funds, fixed deposits, PPF, and NPS) that helps an individual to grow their wealth and secure their future, instead of relying solely on traditional saving methods. Financial literacy ensures they understand pensions, provident funds, and other retirement benefits, enabling them to live a stress-free retired life. The subject also plays a crucial role in managing the risk of increasing scams and frauds, and in understanding the need to be aware of safe financial practices, such as protecting personal information and avoiding fraudulent schemes.INTENDED AUDIENCE: Students at UG, PG and all other levelsPREREQUISITES: 12+ (intermediate)INDUSTRY SUPPORT: Banking and Financial servicesIndustryInvestment companiesEducational and ed tech companiesFintech industryCommercial Banks and Insurance companiesNew Start-ups and Entrepreneurial ventures

Syllabus

Week 1: Introduction to Financial planning and budgeting (Meaning and the importance of financial literacy) perquisites of financial literacy -level of education, numerical and communication ability. Role of financial education in achieving financial well-being, Constituents of financial system.
Week 2:Key concepts of personal finance – savings, investments, Borrowing, Income –expenses, Active & Passive income, instant and Delayed gratification, Inflation, time value of money, Need and Procedure of Financial planning
Week 3:Meaning and types of Banks, Various product and services offered by banks, Types of bank deposit account, formalities to open various types of accounts, PAN Card, Address proof, KYC norms, mobile app based services.
Week 4:Various types of loan offered by banks-educational loan, consumer durables loan, vehicle loan, housing loan, short term medium term, long term, microfinance, bank overdraft, cash credit, mortgage, reverse mortgage, hypothecation, pledge.
Week 5:Cashless banking, e –banking, ATM, Debit and Credit Cards, RTGS, NEFT, IMPS, Electronic Clearance System (ECS) Net banking and UPI, Digital wallets, Security and precautions against Ponzi schemes and online frauds, banking complaints and ombudsman scheme
Week 6:Investment In Securities Market -, Capital market- Primary and Secondary market & money market. Role of Financial market in the economy, stock market – NSE and BSE, operation related aspects and risk involved in investing in securities market, SEBI
Week 7:Investment in Mutual Funds – systematic investment plan (SIP) and its advantages. Insurance related products – Life insurance, Term Life Insurance, Endowment policies, Pension policies, ULIP, Health Insurance Plans, Pension, retirement planning, New pension Scheme (NPS), ETF.
Week 8:Introduction to basic tax structure in India for personal taxation, aspects of personal tax planning, Exemptions and Deductions for Individuals.
Week 9:Income tax return filing, e- filing, Tax Saving Schemes – Government schemes like National Saving Certificates, public provident fund, post office saving schemes, Equity Linked Saving Schemes, Retirement Benefits Scheme
Week 10:Basic concepts of stock market, Terms used in stock market – NIFTY, SENSEX, initial public offering (IPO), Follow- on public offering (FPO) Offer For Sale (OFS), Block Deal, Equity And Preference Shares ,debentures , bonus Shares ,debentures ,bonus share ,stock spilt, dividend and buy back of shares
Week 11:DEMAT Account, trading account, delivery instruction slips (DI slips), blue chip company, defensive stocks, Face Value, Market Value, Book Building Process, Market Capitalization. Market Sentiment – Bull and Bear Market.
Week 12:Pre-opening session, trading session, opening and closing price. Call option, put option, Hedging and risk management, Portfolio Diversification, holding period, trading mechanisms, tax on short term and long-term gains. Active v/s Index Funds Investing.