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State Bank of India: Comfort through Financial Planning

The course will answer biggest question – Why everyone should have a Financial Planning? The course will explain importance and need of a financial planning. With the help of the course, learner can get better visibility of current and future money requirements.

4 weeks
8–10 hours per week
Progress at your own speed
Optional upgrade available

About this course

Skip About this course

We are aware that early planning of finances helps a person to know the essential features of saving for having a better future. It is a step-by-step approach to set financial goals and road map to achieve the same in life. The contents of this course will help a person to improve the avenues of income, rationalisation of expenses and manage investments to achieve financial goals.

Savings is generally understood to be created after netting off all the expenses from the income. But it is the other way around. Ideally, income minus savings should be equal to expenses. By this way, the expenditure will be controlled and futile spending of money on unnecessary things may be curtailed. The change in approach will necessarily lead to increased savings. Warren Buffet’s quote on spending (as given below) talks about seriousness in making genuine expenses.

"If you buy things, you do not need, soon you will have to sell things you need"

Once the surplus is identified from the income, it will instigate an individual to explore investment avenues. While making an investment, a person would think of various aspects viz.,

1. Safety of funds

2. Return on investment

3. Liquidity

4. Contingency requirement

5. Impact of inflation etc.

When it comes to investment and placing of funds in various investment opportunities, one should consider lifetime financial goals to be achieved. The learner would be enabled to understand setting of financial goals – short, medium, and long - and various elements of financial planning.

The entire course will be useful to the learner and an eyeopener to start financial planning and using their available financial resources in the best possible manner so that they achieve their goals. A Good financial planning is help for quality and sound decision making on the financial matters, with a future perspective.

At a glance

  • Language: English
  • Video Transcript: English

What you'll learn

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  • Introduction to Financial Planning & tools to plan your financials

  • Investment Planning: Benefits

  • Various Investment Instruments

  • Insurance Planning: Life and Health Insurance

  • Tax Planning: Benefits

  • How to Plan for Tax Savings

  • Retirement Planning & Estate Planning


Introduction to Financial Planning

  • Types of Wealth

  • What is Financial Wealth & How to create financial wealth?

  • Life cycles of Financial Planning

  • What is Financial Planning Process & What are the benefits of Financial Planning?

  • Various tools to plan your financials to achieve short-term, medium-term & long-term financial goals.

  • Concept of time value of money


Investment Planning

  • Objectives & benefits of Investment

  • Various Investment Instruments, viz. Bank Deposits, Government Deposits, Government Securities, Mutual Funds, Equities, Gold, Real Estate etc.


Tax Planning

  • Objectives of Tax Planning

  • Different ways in which you may plan your taxes

  • How to plan tax savings & Avenues to save taxes


Insurance Planning

  • Insurance Planning & purpose of Insurance Planning

  • Some terminologies related to insurance

  • Life Insurance & Health Insurance Plans

  • How to calculate Insurance amount

Retirement & Estate Planning

  • What is Retirement Planning?

  • How to plan for a better retirement life?

  • What is Estate Planning?

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