Taxmann Publications Pvt Ltd
|Number of Pages
Finance & accounting
Introduction To Financial Planning is a reference book for students of financial planning, prescribed by the Indian Institute of Banking and Finance, for postgraduate Diploma students appearing for the paper on Introduction to Financial Planning, a subject required to be cleared for the Financial Advising (PGDFA) examination.
This book offers a detailed overview of the key concepts, principles, and processes of financial planning. It also aims to provide a clear understanding of the legal and ethical issues involved, as well as regulations governing financial planning.
This book covers the vast scope of the subject of financial planning by familiarising readers and introducing them to the five key areas of planning, namely income tax planning, investment planning, insurance planning, estate planning, and retirement planning. This is done with a view to strengthen the foundation level concepts of students attending financial planning courses, as they would be required to study these subjects individually at much greater depth.
Introduction To Financial Planning offers a distilled and summarised view of economics as well, touching upon relevant and current topics including fiscal and monetary policy, the business cycle, as well as, the important concept of 'time value of money', and mathematical calculations involved.
Divided into two sections, the first part of the book pertains to the Indian financial system, covering topics including the elements of financial planning and how to meet clients needs through financial planning. The second part covers investment concepts and products, classes of assets, and provisions of income-tax relevant in the current scenario.
It also offers an understanding of the elements involved in creating a financial plan, while providing a study of the bond and money market scenario existing in India today, and concludes with some practical discussions on the applications of the process of financial planning.
Having been designed by distinguished experts and guided by Dr. S. A. Dave, the former Chairman of UTI, the course content of this book is highly useful for all those attached to the banking and finance fields, including students, learners, and working professionals.